NO. 343 ECONOMICS AND POLITICAL SCIENCE SERIES, VOL. 6, No. 2, PP. 327-448. THE MOST-FAVORED-NATION CLAUSE IN ITS FUNCTION IN THEORY AND IN PRACTICE AND Entered as second-class matter June 10, 1898, at the post office at Madison, Wisconsin under the Act of July 16, 1894 COMMITTEE OF PUBLICATION WALTER M. SMITH, Chairman WILLARD G. BLEYER, Secretary CHARLES M. GILLETT, Editor THOMAS S. ADAMS, Economics and Political Science Series WILLIAM H. LIGHTY, University Extension Series WILLIAM S. MARSHALL, Science Series DANIEL W. MEAD, Engineering Series JULIUS E. OLSON, General Series EDWARD T. OWEN, Philology and Literature Series The Bulletin of the University of Wisconsin is published bimonthly at Madison. For postal purposes, all issues in all series of the Bulletin are included in one consecutive numbering as published, a numbering which has no relation whatever to the arrangement in series and volumes. The Economics and Political Science series, the History series, the Philology and Literature series, the Science series, the Engineering series, and the University extension series contain original papers by persons connected with the University. The series formerly issued as the Economics, Political Science, and History series was discontinued with the completion of the second volume and has been replaced by the Economics and Political Science series and the History series. Persons who reside in the state of Wisconsin may obtain copies of the Bulletin free by applying to the Secretary of the Regents and pay. ing the cost of transportation. No. 1 of Vol. 1 of the Economics, Political Science, and History series, Nos. 1 and 3 of Vol. 2 of the Philology and Literature series, No. 2 of Vol. 2 of the Science series, and Nos. 1-5 of Vol. 1 and No. 4 of Vol. 2 of the Engineering series are now out of print and can no longer be furnished. Bulletins issuer since May 1, 1898, are entered as second-class mail matter and nc charge is required by the University to cover cost of postage. The postage required for such of the earlier numbers as can now be furnished is as follows: Econ. ser., Vol. 1, No. 2, 8c; No. 3, 13c; Vol. 3, No. 1, 4c; Phil. ser., Vol. 1, No. 1, 5c; Sci. ser., Vol. 1, No. 1, 2c; No. 2, 2c; No. 3, 3c; No. 4, 3c; No. 5, 10c; Vol. 2, No. 1, 2c; Eng. ser., Vol. 1, No. 6, 2c; No. 7, 3c; No. 8, 2c; No. 9, 4c; No. 10, 3c; Vol. 2, No. 1, 4c; No. 2, 2c. Any number of the Bulletin now in print will be sent postpaid to persons not residents of Wisconsin from the office of the Secretary of the Regents on receipt of the price. Title pages and tables of contents to completed volumes of all series, have been issued and will be furnished without cost on application to the University Editor. Communications having reference to an exchange of publications should be addressed to the Librarian of the University of Wisconsin, Madison, Wis. NO. 843 ECONOMICS AND POLITICAL SCIENCE SERIES, Vol. 6, No. 2, PP. 327-447. THE MOST-FAVORED-NATION CLAUSE IN COMMERCIAL TREATIES ITS FUNCTION IN THEORY AND IN PRACTICE AND ITS RELATION TO TARIFF POLICIES BY STANLEY KUHL HORNBECK, A. B. Instructor in Political Science, University of Wisconsin MADISON, WISCONSIN JANUARY, 1910 |