diff --git a/src/cpp/ripple/Application.cpp b/src/cpp/ripple/Application.cpp
index 700f0b2ef..c78f377bc 100644
--- a/src/cpp/ripple/Application.cpp
+++ b/src/cpp/ripple/Application.cpp
@@ -57,6 +57,7 @@ extern int RpcDBCount, TxnDBCount, LedgerDBCount, WalletDBCount, HashNodeDBCount
 
 void Application::stop()
 {
+	cLog(lsINFO) << "Received shutdown request";
 	mIOService.stop();
 	mJobQueue.shutdown();
 	mHashedObjectStore.bulkWrite();
diff --git a/src/cpp/ripple/InstanceCounter.cpp b/src/cpp/ripple/InstanceCounter.cpp
index 564010282..8f551dff3 100644
--- a/src/cpp/ripple/InstanceCounter.cpp
+++ b/src/cpp/ripple/InstanceCounter.cpp
@@ -1,6 +1,7 @@
 #include "InstanceCounter.h"
 
 InstanceType* InstanceType::sHeadInstance = NULL;
+bool InstanceType::sMultiThreaded = false;
 
 std::vector<InstanceType::InstanceCount> InstanceType::getInstanceCounts(int min)
 {
diff --git a/src/cpp/ripple/InstanceCounter.h b/src/cpp/ripple/InstanceCounter.h
index ffb3665f5..aaec9efcd 100644
--- a/src/cpp/ripple/InstanceCounter.h
+++ b/src/cpp/ripple/InstanceCounter.h
@@ -32,6 +32,7 @@ protected:
 
 	InstanceType*			mNextInstance;
 	static InstanceType*	sHeadInstance;
+	static bool				sMultiThreaded;
 
 public:
 	typedef std::pair<std::string, int> InstanceCount;
@@ -42,17 +43,32 @@ public:
 		sHeadInstance = this;
 	}
 
+	static void multiThread()
+	{
+		// We can support global objects and multi-threaded code, but not both
+		// at the same time. Switch to multi-threaded.
+		sMultiThreaded = true;
+	}
+
 	void addInstance()
 	{
-		mLock.lock();
-		++mInstances;
-		mLock.unlock();
+		if (sMultiThreaded)
+		{
+			mLock.lock();
+			++mInstances;
+			mLock.unlock();
+		}
+		else ++mInstances;
 	}
 	void decInstance()
 	{
-		mLock.lock();
-		--mInstances;
-		mLock.unlock();
+		if (sMultiThreaded)
+		{
+			mLock.lock();
+			--mInstances;
+			mLock.unlock();
+		}
+		else --mInstances;
 	}
 	int getCount()
 	{
diff --git a/src/cpp/ripple/JobQueue.cpp b/src/cpp/ripple/JobQueue.cpp
index b029dab5e..5abfbb81a 100644
--- a/src/cpp/ripple/JobQueue.cpp
+++ b/src/cpp/ripple/JobQueue.cpp
@@ -181,6 +181,7 @@ void JobQueue::shutdown()
 	mJobCond.notify_all();
 	while (mThreadCount != 0)
 		mJobCond.wait(sl);
+	cLog(lsDEBUG) << "Job queue has shut down";
 }
 
 void JobQueue::setThreadCount(int c)
diff --git a/src/cpp/ripple/LedgerFormats.cpp b/src/cpp/ripple/LedgerFormats.cpp
index 1e553398a..ae443179c 100644
--- a/src/cpp/ripple/LedgerFormats.cpp
+++ b/src/cpp/ripple/LedgerFormats.cpp
@@ -103,6 +103,13 @@ static bool LEFInit()
 		<< SOElement(sfFeatures, SOE_REQUIRED)
 		;
 
+	DECLARE_LEF(FeeSettings, ltFEE_SETTINGS)
+		<< SOElement(sfBaseFee,				SOE_REQUIRED)
+		<< SOElement(sfReferenceFeeUnits,	SOE_REQUIRED)
+		<< SOElement(sfReserveBase,			SOE_REQUIRED)
+		<< SOElement(sfReserveIncrement,	SOE_REQUIRED)
+		;
+
 		return true;
 }
 
diff --git a/src/cpp/ripple/LedgerFormats.h b/src/cpp/ripple/LedgerFormats.h
index 3bc0afb50..e39e7a894 100644
--- a/src/cpp/ripple/LedgerFormats.h
+++ b/src/cpp/ripple/LedgerFormats.h
@@ -16,6 +16,7 @@ enum LedgerEntryType
 	ltCONTRACT			= 'c',
 	ltLEDGER_HASHES		= 'h',
 	ltFEATURES			= 'f',
+	ltFEE_SETTINGS		= 's',
 };
 
 // Used as a prefix for computing ledger indexes (keys).
@@ -32,6 +33,7 @@ enum LedgerNameSpace
 	spaceContract		= 'c',
 	spaceSkipList		= 's',
 	spaceFeature		= 'f',
+	spaceFee			= 's',
 };
 
 enum LedgerSpecificFlags
diff --git a/src/cpp/ripple/SerializeProto.h b/src/cpp/ripple/SerializeProto.h
index 286cf617f..e536f9d19 100644
--- a/src/cpp/ripple/SerializeProto.h
+++ b/src/cpp/ripple/SerializeProto.h
@@ -60,6 +60,9 @@
 	FIELD(LastLedgerSequence,	UINT32, 27)
 	FIELD(TransactionIndex,		UINT32, 28)
 	FIELD(OperationLimit,		UINT32, 29)
+	FIELD(ReferenceFeeUnits,	UINT32, 30)
+	FIELD(ReserveBase,			UINT32, 31)
+	FIELD(ReserveIncrement,		UINT32, 32)
 
 	// 64-bit integers
 	FIELD(IndexNext,			UINT64, 1)
@@ -69,6 +72,7 @@
 	FIELD(BaseFee,				UINT64, 5)
 	FIELD(ExchangeRate,			UINT64, 6)
 
+
 	// 128-bit
 	FIELD(EmailHash,			HASH128, 1)
 
diff --git a/src/cpp/ripple/TransactionFormats.cpp b/src/cpp/ripple/TransactionFormats.cpp
index 683517892..b428ed764 100644
--- a/src/cpp/ripple/TransactionFormats.cpp
+++ b/src/cpp/ripple/TransactionFormats.cpp
@@ -76,6 +76,14 @@ static bool TFInit()
 		<< SOElement(sfFeature,			SOE_REQUIRED)
 		;
 
+	DECLARE_TF(SetFee, ttFEE)
+		<< SOElement(sfFeatures,			SOE_REQUIRED)
+		<< SOElement(sfBaseFee,				SOE_REQUIRED)
+		<< SOElement(sfReferenceFeeUnits,	SOE_REQUIRED)
+		<< SOElement(sfReserveBase,			SOE_REQUIRED)
+		<< SOElement(sfReserveIncrement,	SOE_REQUIRED)
+     ;
+
 	return true;
 }
 
diff --git a/src/cpp/ripple/TransactionFormats.h b/src/cpp/ripple/TransactionFormats.h
index a9cab9ba8..602b1fb3e 100644
--- a/src/cpp/ripple/TransactionFormats.h
+++ b/src/cpp/ripple/TransactionFormats.h
@@ -6,6 +6,7 @@
 enum TransactionType
 {
 	ttINVALID			= -1,
+
 	ttPAYMENT			= 0,
 	ttCLAIM				= 1, // open
 	ttWALLET_ADD		= 2,
@@ -21,6 +22,7 @@ enum TransactionType
 	ttTRUST_SET		= 20,
 
 	ttFEATURE		= 100,
+	ttFEE			= 101,
 };
 
 class TransactionFormat
diff --git a/src/cpp/ripple/ValidationCollection.cpp b/src/cpp/ripple/ValidationCollection.cpp
index 9057bd082..173dc3d65 100644
--- a/src/cpp/ripple/ValidationCollection.cpp
+++ b/src/cpp/ripple/ValidationCollection.cpp
@@ -260,6 +260,7 @@ void ValidationCollection::flush()
 {
 		bool anyNew = false;
 
+		cLog(lsINFO) << "Flushing validations";
 		boost::mutex::scoped_lock sl(mValidationLock);
 		BOOST_FOREACH(u160_val_pair& it, mCurrentValidations)
 		{
@@ -276,6 +277,7 @@ void ValidationCollection::flush()
 			boost::this_thread::sleep(boost::posix_time::milliseconds(100));
 			sl.lock();
 		}
+		cLog(lsDEBUG) << "Validations flushed";
 }
 
 void ValidationCollection::condWrite()
diff --git a/src/cpp/ripple/main.cpp b/src/cpp/ripple/main.cpp
index fa3606777..515d6b6a6 100644
--- a/src/cpp/ripple/main.cpp
+++ b/src/cpp/ripple/main.cpp
@@ -90,7 +90,7 @@ int main(int argc, char* argv[])
 	//
 	// Set up option parsing.
 	//
-	po::options_description desc("Options");
+	po::options_description desc("General Options");
 	desc.add_options()
 		("help,h", "Display this message.")
 		("conf", po::value<std::string>(), "Specify the configuration file.")
@@ -99,12 +99,21 @@ int main(int argc, char* argv[])
 		("test,t", "Perform unit tests.")
 		("parameters", po::value< vector<string> >(), "Specify comma separated parameters.")
 		("quiet,q", "Reduce diagnotics.")
-		("verbose,v", "Increase log level.")
+		("verbose,v", "Verbose logging.")
 		("load", "Load the current ledger from the local DB.")
 		("start", "Start from a fresh Ledger.")
 		("net", "Get the initial ledger from the network.")
 	;
 
+	po::options_description hidden("Hidden Options");
+	hidden.add_options()
+		("trace,vvv",		"Trace level logging")
+		("debug,vv",		"Debug level logging")
+	;
+
+	po::options_description all("All Options");
+	all.add(desc).add(hidden);
+
 	// Interpret positional arguments as --parameters.
 	po::positional_options_description p;
 	p.add("parameters", -1);
@@ -129,7 +138,7 @@ int main(int argc, char* argv[])
 		// Parse options, if no error.
 		try {
 			po::store(po::command_line_parser(argc, argv)
-				.options(desc)											// Parse options.
+				.options(all)											// Parse options.
 				.positional(p)											// Remainder as --parameters.
 				.run(),
 				vm);
@@ -141,11 +150,17 @@ int main(int argc, char* argv[])
 		}
 	}
 
-	if (vm.count("verbose"))
+	if (vm.count("trace"))
 		Log::setMinSeverity(lsTRACE, true);
+	else if (vm.count("debug"))
+		Log::setMinSeverity(lsDEBUG, true);
+	else if (vm.count("verbose"))
+		Log::setMinSeverity(lsINFO, true);
 	else
 		Log::setMinSeverity(lsWARNING, true);
 
+	InstanceType::multiThread();
+
 	if (vm.count("test"))
 	{
 		unit_test_main(init_unit_test, argc, argv);