immediately to gratify wants. The consumption goods stream is again subdivided, one branch conveying the second and subordinate replacement fund needed to repair and renew the durable consumption goods whose presence is indicated at the top of the diagram and which give off a continuous stream of utilities to mingle with those afforded by transient consumption goods, the other and larger branch into which the main consumption goods stream is divided." And furthermore: "The net product represented in this diagram consists in part of raw materials, in part of manufactured goods, finished and unfinished, and in part of the utilities subsequently added at the stage 'transportation and trade.' Only a very limited part is sufficiently advanced to be flowing out with the stream of consumption goods to minister directly to human wants. On the other hand it is from this stream of consumption goods that the entire real income for which the money income is exchanged is drawn. Although the identical goods constituting the real income are thus for the most part other than the goods constituting the net product, the latter consists of exactly similar utilities quantitatively and qualitatively as the former. At each point the streams of goods flow on evenly and unbrokenly so that the " transient consumption goods " that are allowed to escape, and which constitute the real income, are exactly replaced by the goods included in the net product. The diagram thus represents movement without change. It depicts the circulation of goods that is going on in actual industrial society with the elements of change and monopoly eliminated." In "The economics of retailing" Paul Nystrom (1915) further focussed in the 'transportation and trade' stage, and assigned various patterns in the channels of distribution. Labor Legislation, 1907-1931 Seager's first major contributions in the field of law, labour and labor legislation occurred in 1907. Seager was convinced that the ideas about social legislation the United States, where far behind those of the more progressive countries of Europe. In a meeting of the American Association for Labor Legislation, December 30, 1907, Seager presented a program of social legislation: "The ends to be aimed at in any programme of social legislation are: I. To protect wage-earners in the continued enjoyment of standards of living to which they are already accustomed. II. To assist them to attain to higher standards of living. The principal contingencies which threaten standards of