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For a number of years this monograph written in German by Michaelis has been a standard reference for workers in physical chemistry. The translation of the second edition should have a wide circulation among American students in this field. The ten chapters revised by Michaelis to include the most significant recent advances are arranged in two parts. The first five chapters constitute part one and deal with the chemical equilibrium of the ions as follows: the laws of electrolytic dissociation, the theory of the quantitative determination of acidity and alkalinity, the dissociation of strong electrolytes, the state of dissociation of acids and bases during actual salt formation and electrolytic dissociation in nonaqueous solutions. Part two is a discussion of the ions, particularly the H-ions, as sources of electric potential differences, and the titles of these chapters are the electrode potentials, diffusion potentials, potentials at phase boundaries, membrane potentials, and adsorption