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Gay has been in close touch with this investigation since its inception some seven years ago, and any merits which it may have as a contribution to economic history are due entirely to his sympathetic understanding of the problems encountered, and to his unfailing interest in the progress of the work in spite of his many serious and urgent duties during the war.

To my wife the work owes more than any words of mine can express. Every page, I might almost say every line, has benefited from her patient scrutiny and judicious criticism.

WASHINGTON, D.C.

April, 1919.

J. K.

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