The Harvard University Press has just published a history of The Massachusetts-First National Bank, 1784–1934, by N. S. B. Gras, Professor of Business History at the Harvard School of Business. This, the fourth work to appear in the series entitled Harvard Studies in Business History, has been made available to members of the Society through the generosity of the First National Bank of Boston.

In the history of business one finds a universal inclination to oppose new techniques which threaten to undermine established enterprise. Today this tendency is seen in the United States in the fight against chain stores and mail-order houses; a hundred years ago the new auction system of wholesaling was under fire.

Through the courtesy of Mr. W. M. Angle, of Rochester, New York, the Business Historical Society has acquired the papers of the recently liquidated Moseley & Motley Milling Co., of Rochester, which had ground wheat on the Genesee for almost a hundred years. The federal processing tax hastened the demise of this concern, but its end would no doubt soon have come for other reasons, for both capital and management could find more profitable employment in other industries in Rochester.