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Curriculum Undergraduate Washington University

Washington University. Undergraduate economics curriculum, 1897-98

 

In most U.S. colleges and university at the turn of the 20th century, an economics department was basically a one-man band. The courses at Washington University for the academic year 1897-98 were taught by the University of Chicago Ph.D. alumnus (1897), Henry Rand Hatfield.

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Washington University
Announcement of Courses in
Economics
1897-1898

Department of Economics.
Henry Rand Hatfield, Ph.D., Instructor.

 

Course 1, to be followed by 2a, or 2b, is required of all taking work in the department, except of those taking Course 3, which is given independently and requires no other economic study.

The courses offered in Economics are as follows:

FIRST TERM.

COURSE 1. Elementary Economics.

A course for beginners, using Mill’s Principles of Political Economy (Laughlin’s edition) as text book. An attempt will be made to train the student in accurate economic reasoning and to show the vital connection between economic theory and the practical questions of the day. This course must be followed by either 2a or 2b.

COURSE 3. Economic History since 1763.

A course of lectures with collateral reading and reports, treating of the economic effects of the great inventions, of the American and French revolutions, of the free-trade movement in England, of the gold discoveries, of the civil war, of the crises of 1873 and 1893, etc.
No previous economic study is required for this course. Course 1 may, with advantage, be taken simultaneously.

COURSE 4. Financial History of the United States.

Lectures with collateral reading. The course will cover such topics as the management of the national debt, the use of customs duties as a revenue measure, the first and second United States Bank, the financial policy of the war of 1812 and of the civil war, the independent treasury, etc. An attempt will be made to trace the relation between the financial policy and the politics of the time, and, especially, to treat the financial history so as to throw light on the problems of today.

COURSE 6. Tariff History of the United States.

Lectures with collateral reading and study of Taussig’s Tariff History of the United States.
This course and Course 4 will be given in alternate years.

 

SECOND TERM.

COURSE 2a.  Advanced Economics.

This course continues the training in theory begun in Course 1, using Marshall’s Principles of Economics as the text-book with reading in Cairnes, Taussig, Hadley and Böhm-Bawerk. It should be taken by all who wish to continue the study of Economics.

COURSE 2b.  Descriptive Economics.

A practical course, designed to supplement Course 1, for those who desire only a general acquaintance with the subject. The topics discussed will be money, banking, coöperation, socialism, taxation and transportation.

COURSE 5. Money and Banking.

Discussion of the theory of money, bi-metallism, note issues and the function of bank credits. Short theses will be prepared by the students and discussed in class.

COURSE 7. Social Economics.

An examination of the economic aspects of certain social problems. The questions considered will be those relating to state interference including poor-relief, immigration, the control of monopolies, etc., and certain schemes of economic reform, such as coöperation, profit-sharing, and trades unions.
This course and Course 5 will be given in alternate years.

 

Source:  University of Chicago. Office of the President. Harper, Judson and Burton Administrations. Records, Box 29, Folder #8 “Chicago, University of, professional schools, School of Commerce and Administration, 1896-1924”, Special Collections Research Center, University of Chicago.

Image Source: Found in several family trees at ancestry.com without citation.

 

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Chicago Economists Johns Hopkins

Chicago. The Edward W. Bemis controversy, 1895

 

 

 

This post turns out to include nearly twenty pages worth of artifacts bearing on the so-called Bemis controversy at the University of Chicago in 1895. Edward W. Bemis was a student of Richard T. Ely at Johns Hopkins University where he earned a Ph.D. in 1885 with the thesis “Local Government in Michigan and the Northwest.” Bemis was an early hire for the University Extension division at the University of Chicago, teaching courses in economics and sociology. I originally intended only posting three newspaper articles that presented claims and counterclaims regarding the grounds for his controversial dismissal. This academic affair was framed by the press as one of academic freedom being attacked by money-interests. The closer I looked at the case, the more complicated it seemed. 

Once I gathered most of the artifacts transcribed below, I looked for secondary literature and found Harold E. Bergquist Jr.’s “The Edward W. Bemis Controversy at the University of Chicago” published in the AAUP Bulletin, Vol. 58, No. 4 (Dec., 1972), pp. 384-393. Looking at essentially the same material, Bergquist concluded that Bemis’s views on labor and municipal gas monopolies attracted so much negative attention that Chicago president William R. Harper chose to sacrifice the lone-scholar Bemis in the interests of the university. Compared to other attacks on academic freedom from about the same time at Stanford (Ross) and Wisconsin (Ely), the Bemis incident appears to me to be far-more of an in-house affair where the merit assessments of an individual professor and the institutional powers have significantly diverged.

Following a few biographical items, I present a roughly chronological set of artifacts that reveal the complexity of this one man’s academic fate. For what it is worth, I see the tale to be ultimately one of rejection of a Richard T. Ely transplant into the Chicago host departments. The university department heads of political economy (J. Laurence Laughlin) and sociology (AlbionW.  Small) thought well enough of Bemis for the adult-education and outreach Extension program but didn’t really want him in their own departmental backyards. Bemis’ positions on labor disputes and municipal gas monopolies certainly attracted the displeasure of the actual and potential donors to the University of Chicago, but their displeasure appears much less important than the fact that Bemis had not been particularly successful in generating income for the infant university extension program as originally hoped.

For background a convenient first-stop: Edward W. Bemis, 1860-1930 at the History of Economic Thought Website. Includes a list of major works.

RESEARCH TIP:   The Guide to the University of Chicago Office of the President, Harper, Judson and Burton Administrations Records 1869-1925  includes links to scans of the documents.

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Biographical Notes on Edward W. Bemis
Western Reserve Historical Society

BEMIS, EDWARD W. (7 Apr. 1860-25 Sept. 1930), a college professor, expert on public taxation, and proponent of municipal ownership, was a political ally of TOM L. JOHNSON, serving as superintendent of the Cleveland Water Works from 1901-09. Born in Springfield, Mass., Bemis, son of Daniel W. and Mary W. Tinker Bemis, was educated at Amherst College (A.B., 1880; A.M., 1884) and Johns Hopkins (Ph.D., 1885), studying history and economics. He reportedly taught the first university extension course in America, at Buffalo, N.Y., in 1885, then taught economics at Amherst (1885-86); Vanderbilt (1888-92); the University of Chicago (1892-95), which he had to leave because of his “radical” views; and Kansas State Agricultural College (1897-99). Bemis prolifically wrote about local government, tax policy, municipal ownership of utilities, working conditions, labor strikes, trade unions, socialism, and religion and social problems.

Tom Johnson gave Bemis an opportunity to enact his reforms as head of the municipal waterworks, a department described as “a nest of party hacks.” Bemis replaced the spoils system with the merit system, unleashing protests from both the department and the local Democratic organization. Bemis ran the department in a businesslike manner, installing a record 70,000 meters and reducing rates. The elimination of graft and incompetent workers enabled completion of the water-intake tunnel. Bemis also crusaded for higher tax evaluations on properties owned by utilities and railroads. After 1909, Bemis moved to New York City, where he served in similar capacities and worked as a consultant.

Married on 28 Oct. 1889 to Annie L. Sargent, Bemis had three children: Walter S., Alice L., and Lloyde E. Bemis died in Springfield, MO and was buried in New York City.

Source:  Bemis, Edward W. in Encyclopedia of Cleveland History.

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From the 1911 Encyclopaedia Britannica

BEMIS, EDWARD WEBSTER (1860-[1930]), American economist, was born at Springfield, Massachusetts, on the 7th of April 1860. He was educated at Amherst and Johns Hopkins University. He held the professorship of history and political economy in Vanderbilt University from 1887 to 1892, was associate professor of political economy in the university of Chicago from 1892 to 1895, and assistant statistician to the Illinois bureau of labour statistics, 1896. In 1901 he became superintendent of the Cleveland water works. He wrote much on municipal government, his more important works being some chapters in History of Co-operation in the United States (1888); Municipal Ownership of Gas in the U.S. (1891); Municipal Monopolies (1899).

Source: 1911 Encyclopaedia Britannica Vol. 3, p. 714.

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A handwritten letter from J. Laurence Laughlin to President William R. Harper, August 1893

 

Beaver River Station,
via Herkimer, N.Y.
Aug. 31, 1893

My dear President Harper,

Yours of 29that hand.

The real difficulty in re Bemis, is that (1) he was acquiesced in solely for University Extension work, and I never for a moment thought of him as holding a permanent position in the regular officers of instruction. And (2) at that time also you emphasized the clear line of demarcation between the Extension Dep’ts & the University—proper. Now, nothing has occurred to change these two things. But from a desire for “uniformity” simply, a move is made which, in the judgment of a Head-Professor seriously impairs the morale of his department. It is my duty to enter my protest, both as a matter of policy & principle. (1) I do not believe Bemis is a man of such value to you that he is worth the injuring of a department. Consequently I suggest that he be transferred to another department. Would it not be perfectly easy to put both his courses into Social Science? Bemis really wishes to lecture on Labor etc rather than on Trades Unions etc., & the Labor course might go under Soc. Sci.—if Small does not object. Then, I have no objection to his remaining in charge of the Extension work in Economics; although I do not believe he is competent to treat a difficult economic problem. (2) Is it fair to hold a head-professor responsible for the working of his department if action is taken contrary to his judgment? In this case, I think your are unwittingly doing us harm; and consequently, I must ask to be relieved of settling questions arising from it, or of responsibility for the efficiency of the work. Of course, if it is your policy to take on yourself a large part of the responsibility hitherto laid on the head-professor, and yourself to watch many of the details, that is another matter; no doubt, you can do it far better than I. Only we should clearly understand what you expect me to do. I need not say it would be a great relief to have these matters taken off my mind; then I could occupy myself entirely with my own economic studies.

I am very sorry indeed to trouble you with this matter; but I should be disloyal to you and to the University if I did not point out the dangers inherent in this case. It is no easy matter to keep in harmonious adjustment the work and careers of six or seven men in a new department, as you will be the first to appreciate.

Very sincerely yours,

Laurence Laughlin

 

Source:   University of Chicago. Office of the President. Harper, Judson and Burton Administrations. Records, Box 57, Folder #13 “Laughlin, J. Laurence, 1892-1917”, Special Collections Research Center, University of Chicago.

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Bad news from Harper to Bemis
January 1894

Office of the President

The University of Chicago
Founded by John D. Rockefeller

Chicago January 1894

Copy.

My dear Prof. Bemis:-

I write you this letter because I think I can state what is in my mind more easily in writing than in conversation. You will remember that I was very anxious to have you take hold of the work with us in the University, and you will recall the battle I had with some of our gentlemen in reference to it, a battle fought and won. I counted upon great results from the Extension work, and I hoped that as time passed there would be opportunities for your doing a larger amount of work in the University Proper. As matters now stand the Extension work has been this year largely a failure so far as you are concerned, and instead of the opportunity becoming better on your part for work in the University Proper, the doors seem to be closing. You will perhaps be surprised, but it is necessary for me to say that it does not seem best for us to look forward to your coming more definitely into the work of the University Proper. After a long consideration of the matter, and a study of all circumstances; looking at it too from your point of view and with a view to your interests, I am persuaded that in the long run you can do in another institution because of the peculiar circumstances here, a better and more satisfactory work to yourself than you can do here. I am very sorry to say this, for as I need not assure you, I am personally very much attached both to you and to Mrs. Bemis. You are, however, man of the world enough to know that unless one is in the best environment, he cannot work to the best advantage. You are so well known and your ability so widely recognized that there will surely be no difficulty in securing for you a good position, one in which you will be monarch, and one in which you will be above all things else independent. I wish to say that I will do all I can, and I think I can do much to help you in this matter, and I beg you to understand that I have come to this conclusion after much study and with greatest reluctance. If you will accept this and allow me to help you, I am sure that we can arrange matters in a first rate way. The interests of all I think would be conserved if the new arrangement could be made for the year beginning July 1stor Oct 1st. I shall be very glad to meet you, not to discuss this, for I think it best to call it settled, but to discuss the question of your future work, in which I wish to express the deepest interest. You will, I am confident, distinguish in your mind between the official act which I am compelled to perform, and the personal attitude which I wish now and always to assume toward you. I should be glad to see you at your earliest convenience.

Yours very truly,

Source:   University of Chicago. Office of the President. Harper, Judson and Burton Administrations. Records, Box 11, Folder #4 “Bemis, Edward W., 1892-1895”, Special Collections Research Center, University of Chicago.

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Handwritten letter from Bemis to Harper
July 1994

5835 Drexel St.

July 23-94

My dear President Harper!

Having been informed today on second hand but apparently trustworthy authority that some of the authorities (trustees I assume) of our University are displeased with what they suppose has been my attitude in this great RR strike, I write to correct any possible false reports.

I wrote a letter to Mr. Debs just before the strike urging him, for I knew him slightly, not to have the strike.

Then when all the trades were considering the propriety of a general strike in the city I spent several hours in trying to dissuade the leaders of some of the unions. Later when the officers of many national unions came here to consider the further extension of the strike I feel sure I contributed to strengthening the resolution of Pres’t Gompers & Sec’y Evans of the American Federation of Labor not to participate.

In every way have I tried to calm the troubled waters, while making use of the opportunity to urge upon large employers a conciliatory Christ-like attitude & the recognition of the trusteeship of wealth as suggested in the parable of the ten talents, and endorsed by modern philosophy.

I realize how easily in times of ferment one’s views may be misquoted as were yours last winter & trust you will believe me ever determined to be both scientific and judicial though earnest in treating these great problems & that you will always wait to hear both sides before judging.

Very sincerely yours

[signed]
Edward W. Bemis

 

Source:   University of Chicago. Office of the President. Harper, Judson and Burton Administrations. Records, Box 11, Folder #4 “Bemis, Edward W., 1892-1895”, Special Collections Research Center, University of Chicago.

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From handwritten letter from J. Laurence Laughlin to President William R. Harper, Aug 1894

Newman, N. Y.
Aug. 6, 1894

Dear Pres. Harper,

[…]

This recalls Bemis. I fear the affair in Dr. Barrows’ church has been a last straw to some good friends of the University, like A. A. Sprague. And in antagonizing Pres. Hughitt he is quaking very hard the establishment of a great railway interest in the University. And Bemis is wholly one-sided on this railway question. I have looked into it, but I could do nothing without throwing out all his railway lectures. This was sometime ago. At every turn in Chicago, in July, I heard indignant remarks about Bemis, & I had nothing whatever to do in introducing the subject. I know you have done what seemed best to stop him; and Small has told me regretfully how he somewhat spoiled your arrangement; but in my opinion, the duty to the good name of the University now transcends any soft-heartedness to an individual. I do not now see how we can escape saving ourselves except by letting the public know that he goes because we do not regard him as up to the standards of the University in ability and scientific methods. It would have been better for him to have gone quietly. You probably know he told Small that his hold on the working classes was so strong that the University dare not drop him—or something to that purpose. I believe you will find the Extension men of my opinion—certainly Mr. Butler.

At any rate, I see Bemis is no longer in my department: and I understand that his economic lectures will not be announced next year by the Extension Division. The labor subjects will be covered by Brooks. As regards the money lectures, I have a suggestion. How would it do to tie to us in this way Prof. Kinley, of the University of Illinois? Is it feasible? Could he not be asked to give 6 or 12 lectures on money, appear in our list as an Extension lectures, & yet hold his position at Champaign? His work is of a radically different kind from Bemis’, & yet he was one of Ely’s men. You can also get Miller’s idea of Kinley. I quite like him; & he would, I think, welcome getting closer to us. His book on the “Independent Treasury” is quite good. This is only a suggestion. If it is worthless—then better no lectures at all on money than those Bemis gives.

[…]

Sincerely yours,
Laurence Laughlin

Source:   University of Chicago. Office of the President. Harper, Judson and Burton Administrations. Records, Box 57, Folder #13 “Laughlin, J. Laurence, 1892-1917”, Special Collections Research Center, University of Chicago.

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From “Prof. Bemis’ Secret Out.”
Chicago, Ill., Aug. 17 [1895]
(Special Correspondence to The Voice]

… “President Harper and certain wealthy trustees of the university have at sundry times indicated to Professor Bemis that while his work was not radical nor inappropriate for universities in general, there were inflections of truth which the University of Chicago could utter more gracefully and sincerely than the principles of practical economics. It was not desirable, they intimated, for this institution, with its own particular way of being born and nurtured, to be in close touch either with the labor question or with municipal and monopoly problems.

In the presence of Professor Bemis’ success as a member of the university faculty, and in the absence of any enlightenment as to the cause of his “resignation,” people generally have had the effrontery to imagine that the fact that the president of the big Standard Oil Combine has been a heavy benefactor of the university, has in some way had something to do with the peculiar pedagogical disability hinted at from time to time by President Harper.

But members, attachés of the University of Chicago, are not the only persons who have been unable to appreciate the naïve and reckless manner in which Professor Bemis has neglected to obscure the facts of the new political economy. The manager of the consolidated gas companies of this city refused, a short time ago, to allow to the university the customary reduction in gas rates, because Professor Bemis was a member of the faculty. A prominent officer of the largest gas trust in this country—a trust controlling the gas supply in over 40 cities—said to Professor Bemis not long ago: “Professor Bemis, we can’t and don’t intend to tolerate your work any longer. It means millions to us. And if we can’t convert you, we’re going to down you.” Such intellectual discharges, considered in connection with President Harper’s eloquent silence and capital’s fraternal relations to the university, are not absolutely meaningless…”

 

Source:   University of Chicago. Office of the President. Harper, Judson and Burton Administrations. Records, Box 11, Folder #4 “Bemis, Edward W., 1892-1895”, Special Collections Research Center, University of Chicago.

 

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President Harper’s Statement
From a Convocation Address at the University of Chicago, Oct. 1 [1895]

From the beginning the university has believed in the policy of appointing to positions in the same department men who represent different points of view. No instructor in the university has been or will be asked to separate himself from the university because his views upon a particular question differ from those of another member of the same department, even though that member be the head.

From the beginning of the university, there has never been an occasion for condemning the utterances of any professor upon any subject, nor has any objection been taken in any case to the teachings of a professor, and in reference to the particular teachings of an instructor no interference has ever taken place.

The university has been, in a conspicuous way, the recipient of large gifts of money from wealthy men. To these men it owes a debt of sincere gratitude. This debt is all the greater, moreover, because in absolutely no single case has any man, who has given as much as one dollar to the university, sought by word or act, either directly or indirectly, to control, or even to influence, the policy of the university in reference to the teachings of its professors, in the departments of political economy, history, political science or sociology. To be still more explicit, neither John D. Rockefeller, Charles T. Yerkes, Martin A Reyerson, Marshall Field, Silas B. Cobb, Sidney Kent, George C. Walker, nor any other benefactor of the university, has ever uttered a syllable or written a word in criticism of any theory advocated by any professor in any department of the university.

This public statement is made because the counter statement has been published, far and wide, and because it is clear that a serious injury will be done the cause of higher education if the impression should prevail that in a university, as distinguished from a college, there is not the largest possible freedom of expression—a freedom entirely unhampered by either theological or monetary considerations.

 

Source:   University of Chicago. Office of the President. Harper, Judson and Burton Administrations. Records, Box 11, Folder #4 “Bemis, Edward W., 1892-1895”, Special Collections Research Center, University of Chicago.

 

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Bemis sends three clippings to Walter F. Willcox of Cornell

477 Dearborn St.
Chicago
Oct. 25 [1895]

Dear Professor Willcox:

Please show the enclosed, which I send at your request to Prof. Jenks & write me what you both think.

Very sincerely
[signed]
Edward W. Bemis

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Chicago Chronicle
Oct 9, 1895

The controversy between Professor E. W. Bemis and the University of Chicago faculty and officials have led the dismissed instructor to issue a public statement giving his side of the matter. It is the first direct expression he has made since the trouble arose. Professor Bemis is to lecture at the University of Illinois four days next week, when it is expected that he may give public utterance to his views. The statement is as follows:

“Despite the urgent advice of many and the demand for the facts from the greater portion of hundreds of editorials in newspapers which have been sent me I have hitherto refused to publish the reasons for my leaving the University of Chicago. To injure the university or to have newspaper notoriety is as distasteful to me as to dwell on my personal relations with a great institution.

“The University of Chicago is doing an important work, and throughout the country there is sympathy with all our great universities which I would not wish in any way to disturb.

“During my three years’ connection with the university my personal relations with the president and my colleagues in the sociological department, where I have done all my work the past year and more, were always pleasant. But President Harper’s emphatic denial at convocation, Oct. 1, of any interference with college independence by Mr. Rockefeller, Mr. Yerkes and other donors is producing the natural and apparently intended inference that the university had other and justifiable grounds for my dismissal.

REFUTES HARPER’S STATEMENT.

“I have also since Oct. 1 had conclusive evidence that the president is privately stating that I leave because incompetent. Silence is no longer possible, not alone from personal considerations, but because the vital principle of college freedom is also at stake.

“It has been stated by some influential papers on the authority of the president himself, as I am reliably informed, that I was engaged at the University of Chicago for a period of three or five years, and that period having expired the university simply did no renew the appointment.

“I desire to deny emphatically the truth of this statement. In none of the negotiations between the university and myself respecting my coming to the university was there a single word as to any limit of time.

“I was to devote at first two-thirds of the college year to university extension. But I insisted, as a condition of leaving what all assured me was practically a life position at Vanderbilt university to go to Chicago in 1892, that I should not only have one-third of the year for inside or class teaching, but that I should have a gradual increase of it. Both the presidents and the heads of the departments of economics and sociology gave me this assurance, as has often been admitted. Jan. 5, 1894, President Harper wrote me: ‘I hoped that as time passed there would be opportunity for your doing a larger amount of work in the university proper.’

ASKS HARPER TO EXPLAIN.

“Now what I wish the president to do is not to give a general denial of Mr. Rockefeller’s having criticized ‘any theory advanced by any professor,’ but to explain why the above ‘hope’ and understanding were not carried out, and what he meant by the following in the letter above quoted: ‘Instead of the opportunity becoming better for work on your part in the university proper, the doors seem to be closing. * * * I am persuaded that in the long run you can do in another institution, because of the peculiar circumstances here, a better and more satisfactory work to yourself than you can do here. I am personally very much attached to you. You are, however, man of the world enough to know that, unless one is in the best environment, he cannot work to the best advantage. You are so well known and your ability so widely recognized that there will be surely no difficulty in securing for you a good position, one in which you will be monarch, and one in which you will be, above all things else, independent.’

“I have never had occasion to doubt the president’s implication above that ‘the peculiar circumstances,’ and the ‘environment’ at the university were the true explanation of its action.

“On receipt of this letter I should have resigned had I not very soon been led to believe, erroneously as it proved, that the situation was improving.

“I very much regret the necessity of publishing this and other letters and conversations which, while not considered confidential, would not under any ordinary circumstances, be made public by me.

ASSOCIATES SATISFIED.

“I cannot have been dropped because of dissatisfaction on the part of my associates, for on Aug. 7, 1895, President Harper emphatically declared that the head of the economic department was not responsible for my going, and that the head of the sociological department had, almost to the very end, ‘pleaded for’ my retention.

“I cannot have been dismissed because personally not agreeable to the president, for his letter above quoted states: ‘I am personally very much attached to you.’

“Neither can the university’s action have been due to failure in my university extension work, which was done with constantly growing and, with the exception of a few places the first year, with almost uniform success. In judging of the success of extension courses designed to be educational in character, in economics and sociology, due regard must be had to the fact that the subjects do not appeal to so many of the usual supporters of extension courses, chiefly women, as do literature and history.

“In November and December, 1894, my extension work kept me busy nearly every night, and at least one long engagement had to be refused on this account. Yet in the face of my most popular and really most successful university extension season, my name was dropped from the budget or salary list by the trustees Christmas week, 1894, to take effect the following summer. The singular fact that I was not informed of the above action until March 7, 1895, more than two months afterward, I pass without comment.

NOT LACK OF ABILITY.

“President Harper’s reasons for dropping me could not have been lack of ability or personal character, for Sept. 29, 1894, after observing my work for two years, he wrote me: ‘I have great respect for you and your work.’ In view of this written statement, I cannot understand his recent private declaration that I was dropped for incompetency.

“March 7, 1895, speaking of the reason for my going he said: ‘It is not a question of competency; simply, the general situation is against you here. Of course you are an A No. 1 man, just as much as when we got you, but you are a misfit here.’

“I cannot have been dropped because of dissatisfaction with my classroom work, for Professor Small, under whom I carried on all my extension work and my spring and summer courses of class work in 1894 and 1895, to constantly growing classes of seniors and graduate students, has repeatedly declared to others and to myself that there was no fault or criticism of my class work.

“A considerable portion of my students have taken a second course with me, and I invite the fullest inquiry among them all as to my work. Their attitude was shown in an editorial in their organ, the University of Chicago Weekly, Aug. 1, 1895: ‘His work here has been of the best.’ The president’s comment to me on Aug. 7 last was: ‘Students don’t count. Anybody that knows how can get around students.’ Yet many of my pupils were graduate students and even teachers elsewhere. Again, I repeat, that only the most extreme provocation has overcome my great reluctance to publish such conversations.

QUOTES A LETTER.

“In this connection, I am permitted to quote the following letter to Dr. Charles B. Spahr of the Outlook, written Aug. 27, 1895, by the chancellor of Vanderbilt university, Dr. James H. Kirkland:

“It affords me greatest pleasure to testify to the high character of Professor Bemis’ work at Vanderbilt university. He had a strong hold upon his Students and was regarded by them as an unusually able and strong instructor. I give this communication cheerfully and without reserve. You may make whatever use of it you wish.’

“I am not a socialist, but I am a believer in the wisdom of a gradual taking over of some of our local monopolies by cities, as in Glasgow and Birmingham, but have never urged that it should be done at once in all places, and have held that many cities cannot be urged to go further at present than the leasing for moderate periods, as has been done with the street car lines in Toronto, Canada, with ample provision for city ownership on easy terms at the close of the lease, if then desired by the citizens. Yet the then president of the so-called gas trust of Chicago refused in 1893 to render a financial favor to the university because I was on the faculty. President Harper has since denied that he was influenced thereby.

“The manager of the largest aggregation of gas capital in America, outside of Chicago, referring to my monograph in the publications of the American Economic association, and to other writing on municipal gas works, such as in the February, 1893, issue of the Review of Reviews, declared to me in the summer of 1893: ‘If we can’t convert you we are going to down you. We can’t stand your writing. It means millions to us.’

HIS AID SOLICITED.

“As illustrative of how my work is regarded by many prominent businessmen acquainted with it, I may add that some weeks ago so conservative a magazine as the Bibliothecra Sacra, whose sociological department is edited by a conservative businessman of Chicago, asked me to become an associate editor.

“In an interview March 13, 1895, as at other times before and since, President Harper fully agreed with my assertion that I was not radical, and that it was true conservatism to favor moderate social changes; but when I asserted that the university ought to be in close touch with the labor question and with municipal and monopoly problems in the way I had been trying in a moderate spirit, in the Civic Federation and elsewhere, to effect, he replied: ‘Yes, it is valuable work, and you are a good man to do it, but this may not be—this is not the institution where such work can be done.’

“I spoke in the First Presbyterian church of Chicago July 15, 1894, in condemnation of the great railway strike, but ventured to suggest that the railroads had also been law-breakers in the past and should set a better example. Realizing the gravity of the situation and my position in the university, I spoke from carefully prepared manuscript, and can publish it, if any doubt the general verdict of very prominent men in the congregation who have commended its moderate tone. The only sentences afterward criticized were these:

“’If the railroads would expect their men to be law-abiding they must set the example. Let their open violation of the interstate commerce law and their relations to corrupt legislatures and assessors testify as to their part in this regard. I do not attempt to justify the strikers in their boycott of the railroads; but the railroads themselves not long ago placed an offending road under the ban and refused to honor its tickets. Such boycotts on the part of the railroads are no more to be justified than is a boycott of the railroads by the strikers. Let there be some equality in the treatment of these things.’ The rest of the address criticized the strikers more than their employers.

OFFERS THE PROOF.

“A prominent railroad president, immediately after the dismissal of the congregation, challenged me for proof of boycotting and I replied that not only were the newspapers full of such things, but I had proof in my study which I would send him in writing. He said: ‘It is an outrage. That a man in your position should dare to come here and imply that the railroads cannot come into court with clean hands is infamous.’ He complained to one or more trustees and to President Harper. The latter then wrote me, July 28, 1894: ‘Your speech at the First Presbyterian church has caused me a great deal of annoyance. It is hardly safe for me to venture into any of the Chicago clubs. I am pounced upon from all sides. I propose that during the remainder of your connection with the university you exercise great care in public utterances about questions that are agitating the minds of the people.’

“In view of this letter of President Harper, I am at a loss to understand the statement he made at convocation: ‘From the beginning of the university there never has been an occasion for condemning the utterance of any professor upon any subject.’

INFLUENCE OF MONEY.

“The benumbing influence of a certain class of actual or hoped-for endowments, whether this influence is directly exerted by donors or only instinctively felt by university authorities and instructors, is a grave danger now confronting some of the best institutions.

“A wealthy and leading trustee of the university spoke to me in 1893 of ‘our side’ in some club discussion of a noted strike. By ‘our side’ you mean–?’ I asked. ‘Why, the capitalists’ side, of course,’ was the quick reply.

“To a gentleman of unquestioned veracity the president, when referring to me, said in substance: ‘It is all very well to sympathize with the workingmen, but we get our money from those on the other side and we can’t afford to offend them.’

“The name of the last gentleman quoted cannot be given to the public or to the university, but he is ready to assert the truth of the above to any disinterested and honorable gentleman the president may name.

“President Harper, as the press has intimated, has privately claimed that by speaking he can ruin me, and that he is keeping quiet on my account. It is time that these innuendoes ceased.

“Altogether aside from my personal interest in the question is the far larger issue of the subjection of college teaching to any lower aims than the pursuit of truth.”

*  *  *  *  *

DR. HARPER REPLIES.
ANSWERS PROF. BEMIS’ CHARGES
Chicago Record, Oct. 18, 1895.

Says the Lecturer’s Financial Failure Was Alone Responsible for His Retirement from the University of Chicago—Letter in Full

President William R. Harper of the University of Chicago has written a reply to the statement made by Prof. Edward W. Bemis which was published in The Record Oct. 9.

The following is Dr. Harper’s reply in full, exactly as the president of the university, with the assistance of Prof. Albion W. Small, head professor of sociology, and Prof. Nathaniel Butler, director of the university extension department, prepared it:

“In view of the desire of the public as manifested in various ways to know the facts in reference to the work of Mr. Bemis as a university extension associate professor in the University of Chicago, and in order to remove certain impressions which his letter of a recent date occasions, we, who have been from the beginning most thoroughly conversant with the facts, and, indeed, connected officially with his work, desire to make the following statement:

“1. Mr. Bemis’ position in the university from the beginning has been that of a university extension associate professor, the understanding being that his work should be largely in this department, since his services were not needed in the class work of the university proper, in view of the large number of professors there employed.

Attendance at Lectures Decreased.

“2. During the first year (’92-’93) of his connection with the university he delivered fifteen courses of extension lectures. During the second year (’93-’94) he gave seven courses. During the third year (’94-’95) he gave six courses of lectures. It was a striking fact that, except in one instance, Mr. Bemis never returned to an extension center for a second course. In his course given during ’94-’95 in Joliet on ‘Questions of Labor and Social Reform’ the attendance at the first lecture was 124; second, 108; third, 76; fourth, 79; fifth, 75, and sixth, 44. The actual earnings of Mr. Bemis in university extension work were about $1,000 a year, his salary being $2,500 a year. A portion of this salary, it is true, was paid him for courses offered in the university proper, but he was permitted to offer a larger number of courses in the university than he would otherwise have done, because the administrative officers of the extension division were unable to persuade university extension centers to avail themselves of his lectures. It should be added that no man who has ever given a dollar to the university has ever directly or indirectly entered objection to the views taught by Mr. Bemis in his lectures; and that so far as the university knows, his teaching upon subjects of municipal reform, trusts, etc., are teachings to which the authorities would not think of interposing objection.

“3. In no discussion of Mr. Bemis’ relations to the university, between ourselves as officers of the university or with the president of the university, has the question of Mr. Bemis’ views on questions of political economy or sociology been raised. Mr. Bemis himself acknowledged in our presence early in August, 1895, that he was then convinced that no outside pressure had been brought to bear in reference to his resignation.

Dependent on the Fees.

“4. The simple fact is that the university extension division, which at present has no regular endowment to pay the salaries of professors engaged in this particular work, is dependent upon the fees received from the lecturers for the money with which to pay the salaries of such lecturers. Inasmuch as the officers of the department were not able to make arrangements with extension centers for Mr. Bemis to lecture before them it was evident from a business point of view that the work of Mr. Bemis in this division of the university must cease.

“5. The president’s letter to Mr. Bemis, in which he expressed cordial good will and appreciation of his ability represented the feelings of all who were associated with Mr.

Bemis at that time. It was, however, the opinion of the head of the university department in which Mr. Bemis worked, and of the director of the university extension division as well as the president, that Mr. Bemis could find a better field for his work in a smaller institution, in which he could be free to confine his teaching to the class-room, and not be dependent upon the general public through university extension centers.

“6. The letter of President Harper to Mr. Bemis in reference to his remarks in the First Presbyterian church was written at a time when the citizens of Chicago were in great anxiety because of the disturbed condition of affairs. It should be noted that President Harper’s request that Mr. Bemis should exercise care in his statements was not made with reference to any utterances which Mr. Bemis was making in university work or in a university extension lecture, but in an outside capacity before a promiscuous audience. This was, as already intimated, at a time when agitation of any kind was universally regarded as imprudent. It should not even then take issue with Mr. Bemis on any ‘doctrine,’ but that he requested him to be careful about making untimely and immature statements.

“7. Mr. Bemis was more than a year ago given to understand that it seemed desirable for the reasons recited above, that he should seek another field of usefulness. This intimation was made and was apparently received by him in the kindest spirit, and efforts were made on the part of the University of Chicago to secure him a position better adapted to his abilities. One of several such positions might have been secured had not Mr. Bemis himself by his public attitude rendered it out of the question that these positions should be offered him. We refer later to influences which may account for the unfortunate light in which Mr. Bemis allowed his personal affairs to be presented. The whole case is one in which a university instructor is found to be not well adapted to the position which he holds. Such cases arise almost continually in universities. In almost any other department of instruction than the one in which Mr. Bemis occupied a position such a case would attract no general comment, nor would it be regarded as involving injustice to the instructor. It was perhaps inevitable that Mr. Bemis’ department of teaching, and the fact that the University of Chicago has been generously endowed by private munificence, would occasion the construction which has been put upon this matter. That construction, however, is absolutely without foundation in truth.

As to Another Position.

“8. Mr. Bemis’ real complaint was not that he was asked to resign from the university extension staff, but that he was not transferred to a corresponding position on the staff of instructors inside the university. We state now only our opinion when we say that, so far as we are able to judge, every member of the faculty who is acquainted with Mr. Bemis would indorse the president’s conclusion that such transfer would have placed Mr. Bemis in a position which he is not strong enough to fill. Mr. Bemis dissents from this opinion and repeatedly urged the head of the department of sociology to recommend his appointment as a member of the sociological staff. The answer had to be made that if the trustees would appropriate money without limit to the sociological department, work might be assigned to Mr. Bemis which would be important and valuable in itself, but that the money which would be available for some time to come was much more needed for kinds of instruction which he was not competent to give.

“Some of the elements which entered into the failure of his extension work would be fatal objections to a university instructor. In attempting to be judicial he succeeded in being indefinite. Instead of erring by teaching offensive views the head and front of his offending was that he did not seem to present any distinct views whatever.

“9. We have urged President Harper, throughout the campaign of abuse which has been waged during the last summer, not to depart from his purpose of silence respecting the reasons which led him to call for Mr. Bemis’ resignation. We know that President Harper was more considerate of Mr. Bemis than the latter knew how to be for himself. We had and still have the most friendly feelings for our former associate and agreed with President Harper that the university could afford to suffer rather than cause needless injury to an individual by publication of facts which a discreet person would wish to suppress.

Believes Bemis Was Influenced.

“10. We have changed our view of what is just to all interests concerned, because we are obliged to believe that the prominence which this case has attained through the press is not the result of misunderstanding, but that it is the carrying out of a deliberate design to misrepresent the facts. We believe that Mr. Bemis has received advice which has made him the tool of private animosity toward the university, under the mistaken notion that he is vindicating his violated rights. Our reasons for this view are in part as follows:

“Soon after Mr. Bemis was informed, more than a year ago, that his services were no longer desired by the university, one of the signers of this paper was notified by a friend of Mr. Bemis, first by letter and afterward verbally, that ‘If Prof. Bemis is not retained a newspaper agitation will be begun from which the university will not recover in a generation.’ The reply was that if this was intended as a threat, no more direct means could be taken to hasten the termination of Mr. Bemis’ connection with the university. That it was intended as a threat was evident from the response that ‘the newspapers are all ready to begin the attack if Bemis is sent away, and the University will drop him at its peril.”

“The name of the person who made the threat has repeatedly crept into the published statements for which Mr. Bemis has been directly or indirectly responsible. Both Mr. Bemis and his mentor have refused to act in accordance with the positive testimony of those who knew the facts and have persisted in misconstruction of indirect evidence to suit their purpose of detraction. We therefore think it our duty to the university to add these things to previous official statement in behalf of the university.

Compelled to Discuss the Case.

“11. To summarize, Mr. Bemis has compelled us to advertise both his incompetency as a university extension lecturer and also the opinion of those most closely associated with him that he is not qualified to fill a university position. We wish to make the most emphatic and unreserved assertion which words can convey that the ‘freedom of teaching’ has never been involved in the case. The case of Mr. Bemis would have been precisely the same if his subject had been Sanskrit or psychology or mathematics.

“12. As final evidence that the university had no quarrel with Mr. Bemis’ ‘doctrines’ we add that the university offered to continue to announce Prof. Bemis’ extension courses in the university lists to give him all possible assistance to make lecture engagements, Mr. Bemis to retain all the fees, without the customary deduction for office expenses. This offer was to hold good until Jan. 1, 1896, and Mr. Bemis did not decline it until August 1895. Had he not chosen to represent himself as a martyr he might have been lecturing today under the auspices of the university, although on his own financial responsibility.

Albion W. Small,
“Head Professor of Sociology.
Nathaniel Butler,
“Director the University Extension Division.”

Concurred in by President Harper.

“The above has my concurrence and approval. I think that this recital of facts will be sufficient to assure all candid persons who have become interested in the case, first, that no principle has been involved about which there was occasion ro public solicitude; second, that the university was guarding Prof. Bemis’ interest in attempting to avoid the necessity of publishing an official judgment about the value of his services.

William R. Harper, President”

Chicago, October 16, 1895.

Source:  U. S. Library of Congress, Manuscript Division. The Papers of Walter Willcox, Box 3, Folder “General Correspondence A-C”.

*  *  *  *  *

The above statement was prepared and put in type for the purpose of submitting it to the trustees and leaving the question of its publication to their decision. The proofs of the statement were stolen from the University printing office and given to the public. The employé who committed the theft has been discovered and discharged. If it had been decided to publish the statement, the phraseology would probably have been somewhat changed, and certain additions would have been made. The statement, however, as it was published, is correct. Under the circumstances it seems proper to add the following:

  1. The statement placed in my mouth: “It is all very well to sympathize with the workingmen, but we get our money from those on the other side, and we cannot afford to offend them,” I absolutely deny. I have never even entertained the thought implied in the statement. The University has received contributions from hundreds of workingmen. One, however, can feel no sympathy with those agitators who draw lines between the rich and the poor and seek to array them against each other. It is, of course, true that the president of a university could have no wish to offend the patrons of his institution. But the patrons of the University embrace all classes in the community. The issue raised is an entirely false one, and based on charges without the shadow of a foundation.
  2. Mr. Bemis, recognizing that there was no longer a work for him to do in ordinaryUniversity Extension, proposed that the University pay his salary and allow him to work in the city in connection with the Civic Federation and other public and charity organizations, this work being, as he suggested, University Extension work in a broad sense. To thisproposition it was, of course, necessary to reply that it was a valuable work, and he a good man to do it, but that it was a kind of work which the University could not undertake.
  3. It is understood that when an instructor withdraws at the request of the University, his case shall, in no instance, be prejudiced before the public. The University will assist him in every possible way. The real facts in the case of Mr. Bemis would, under ordinary circumstances, never have been given to the public. In the convocation statement care was taken to utter no word which would in the slightest degree injure him. His recent publication of abstracts of letters, in which the facts were grossly misrepresented, has made this statement necessary.
  4. Once more it is desired to say that neither the expressed nor the supposed wishes and views of the patrons of the University have had anything to do with the case in hand. It has been merely a question of finance, in the effort to bring the expenditures of the division of University Extension within its income. There is not an institution of learning in the country in which freedom of teaching is more absolutely untrammeled than in The University of Chicago. The history of the University during its first three years is sufficient guarantee to those who will examine into it that the policy of the Trustees of the University in reference to this whole subject will not be changed.

William R. Harper.
October 21 [1895]

 

Source:   University of Chicago. Office of the President. Harper, Judson and Burton Administrations. Records, Box 11, Folder #4 “Bemis, Edward W., 1892-1895”, Special Collections Research Center, University of Chicago.

*  *  *  *  *

PROF. BEMIS’ DEFENSE.
REPLY TO PRESIDENT HARPER.
Chicago Record, Oct 19, 1895

The Professor of Sociology Makes Vigorous Rejoinder to the Head of the University of Chicago—Chance for Harper to Explain.

The celebrated case of Harper vs. Bemis was given an interesting airing exclusively in the columns of The Record yesterday, the plaintiff filing his brief, as it were in reply to the statement of the defense which appeared in The Record Wednesday, Oct. 9. Now comes Prof. Bemis, the defendant, with a vigorous rejoinder, which he prepared for The Record last evening and which is reproduced in full.

“When I issued my first statement, Oct. 9, I realized the limits to which the university might go in seeking to reply, for on Aug. 7 President Harper said to me: ‘If I speak you will be damned forever. If we say we did not like you here you can’t get another college place in America.’ He then made some such denial of monopoly influence as at convocation and, having held up a sufficiently frightful fate in store for me, said: ‘I have a stenographer waiting in the next room. I desire to call him in have you make a statement to the public at once that proof has been shown you (for I have said so, and you don’t believe me a liar) that you were entirely mistaken in supposing that monopoly influence had anything to do with your leaving here.’

“It is possible that in the excitement of the moment I admitted a general belief in the truthfulness of the president, but I declined to sign such a statement, saying, however, that I was willing to state that he then denied monopoly influence.

“’Oh, that will do no good,’ he replied; ‘people won’t believe it. They would say that of course I would deny it.’

“But, while I realize the seriousness of the situation, I cannot rest under such unfounded charges of incompetency as are publicly made, with the president’s indorsement, this morning, and which I first learned of on my return to Chicago this afternoon.

Charges Answered Seriatim.

“Time at my disposal does not admit of an adequate reply, but a few things must be said:

“1. With regard to my university extension work. In order to make up a case against me the attendance at Joliet is given, showing a marked falling off the last night as compared with the first. Now, as I have repeatedly stated, this is the one and only center among all the ten where I gave twelve courses in 1894 where there was want of enthusiasm in my work. On the first night at Joliet, if I remember correctly, many complimentary tickets were issued, while the last lecture was suddenly and without due notice changed to another evening in the week to enable courses to begin elsewhere.

“That was the place, too, which complained that I too much avoided making positive statements. It was the first place where I lectured after receiving that letter from President Harper quoted in my previous statement and ending with ‘I propose that during the remainder of your connection with the university you exercise great care in public utterances about questions that are agitating the minds of the people.’ From even Joliet, however, business men have come to me unsolicited to tell me how much they valued my course.

Opinions of the Lectures.

“Relative to a course in Washington, Iowa, early in 1894, the secretary of the center, the Rev. Arthur Fowler, wrote, Feb. 24, 1894, to the head of the university-extension department of the University of Chicago: ‘Nothing but favorable reports have been given of Prof. Bemis’ lectures. He is well liked here.’ To another he wrote, June 8, 1895: ‘Our engagement with Mr. Bemis was entirely satisfactory. The audience increased with each successive lecture. He did us much good.’

“Relative to a course given in Quincy, Ill., early in 1894, the secretary of the center, Edwin A. Clarke, wrote the head of the University of Chicago extension department, March 19, 1894: ‘The course given us by Dr. Bemis has been to those few who attended the lectures the most interesting and valuable of any we have had so far.’

“Relative to a course at Mason City, Iowa, in the fall of 1894, the Rev. C. C. Smith wrote a gentleman in Montana:

“ ‘In the beginning we had considerable fears as to the result, because of the difficulty we have had in making anything in the line of lectures succeed in this town. Now, however, the success of another course is insured, the enthusiasm is great, and this is due wholly to Prof. Bemis as a man and to the excellency of his lectures. He is a teacher, clear, concise, conclusive. His lectures bristle with facts and figures up to date and each has a point and pertinency to the present pressing problems. His patriotism is free from party prejudice, so far, at least, as his lectures are concerned.’

More Words of Praise.

“Relative to two courses at Burlington, Iowa, in the fall and early winter of 1894, the secretary, E. M. Neally, wrote the University of Chicago:

“ ‘We believe Prof. Bemis to be unusually qualified for this sort of work and the desire has even been expressed that we may arrange for a further course by the same lecturer at some future date.’

“In a letter in August, 1895, to a large newspaper Mr. Neally wrote:

“ ‘Having had occasion, as secretary of the Burlington center, to look into the record of Prof. Bemis’ work at various centers, I find it almost invariably described by the secretaries as very successful. No adverse criticism from any local secretary has ever come to my notice.’

“The secretary of the Waterloo (Iowa) center wrote to an inquirer relative to my course there in 1894:

“ ‘His audiences were attentive and the numbers kept up. Prof. Bemis, in my individual opinion, has the right idea of the extension lecture and carried it out.’

“Relative to a course at Osage, Iowa, in the fall of 1894, the Rev. W. W. Gist, secretary of the center, wrote the university Jan. 2, 1895: ‘Dr. Bemis gave us a good, strong course of lectures here.’

“In short, I can quote favorable letters from the secretaries of at least eight of my ten centers in 1894 and from a good proportion of those in the preceding years.

An Error Corrected.

“It is claimed that I never returned to an extension center for a second course, save one. In fact, I did so three times, for I gave twelve lectures at Burlington and two courses to the wage-workers of Chicago. To be sure, the Burlington center engaged the two courses at the start, but they did not manifest the slightest regret over this when the first six lectures were finished. One of the other extension lecturers, who is retained in full favor, was only recalled a second time to three centers prior to this fall, and two prominent officials in the office tell me that it is customary to advise a place not to recall the same lecturer for some time, but to try variety.

“The university has always claimed that its extension work was scientific and worthy of indorsement by a great university because of its strictly educational features. Yet the university now attempts to apply rigid financial tests, as though the extension lecturers must return to the university in fees all their salary, as in a girls’ ‘finishing’ school. March 7 last President Harper told me that every lecturer must earn his own salary in this work. Such conditions were never mentioned to me when I agreed to take hold of the work.

The Financial Account.

“Yet, as a matter of fact, prior to Christmas week, 1894, when the trustees dropped me from the salary list, to take effect this last summer, the university had paid me only $5,625 and had received from my extension fees about $3,600, and the salary for my two and one-half quarters of inside work equaled the entire balance of the $5,625. Though the university now states that some of my inside work was given simply to atone for some lack of extension courses, it certainly was not true of any of the above, however true it may have been of my work in July and August of this year. During 1894 the university received in fees for my work $1,335 or more than my salary for that part of the year devoted to extension work, and as given in my previous statement my last two months of work before the action of the trustees Christmas week, 1894, were crowded with courses, and these the most successful I had ever given.

A Breach of Agreement.

“2. The university does not deny that the understanding under which I came was that I should have a gradual increase of inside or class teaching. Neither does the president explain what he meant in his letter of Jan. 15, 1894, when he intimated that I had better leave and could not have more inside work ‘because of the peculiar circumstances here,’ adding:

“ ‘You are man of the word enough to know that, unless one is in the best environments, he cannot work to the best advantage. You are so well known and your ability so well recognized that there will be surely no difficulty in securing for you a good position, one in which you will be monarch and one in which, you will be, above all things else, independent.’

“3. As to my inside work—does Prof. Small deny having repeatedly told myself and others, as late even as last August, that he had never had any fault or criticism to find with my class work and scientific writing?

“4. On March 9, 1895, Prof. Small told me: ‘When President Harper claims that I stand in your way he is joking, and you know it.’ I replied: ‘Do you mean that the president is speaking in a Pickwickian sense?’ ‘Certainly I do, and you can see it all the time,’ was Prof. Small’s rejoinder.

“On Aug. 7 last he admitted using that exact language, but said he was joking when he said it! Perhaps a similar humorous interpretation is to be put upon the statement in The Record this morning.

“5. My classes at the university averaged about four students to a class the first year and over ten the last quarter, while I know of other men conducting similar graduate work without criticism at the university to-day, and even in sociology, to classes of one. Although my classes averaged as large in size as did most of the others, they would probably have been larger had not Prof. Laughlin, head of the department of political economy and of my work the first two years, advised students not to elect my courses.

As to Prof. Bemis’ Qualifications.

“6. Since the university has seen fit in a most unjust and unwarranted way to attack my class work, I will quote the following from a letter of one of the most famous economic and sociological teachers and writers of the world, Prof. John B. Clark. He thus wrote to a college president April 27 last:

“ ‘I should like to say that Dr. Bemis has unusual qualifications for giving instruction in sociology in an institution where this branch of science is to be taught in a scientific way. His range of learning is very extensive and his training in economics has been very thorough. He has clear insight and sound judgment. His views are conservatively progressive, and he seems to me to be a safe guide for students.’

“The chancellor of Vanderbilt university, where I was professor for the third year preceding my call to Chicago, wrote April 27 to the same president:

“ ‘I have a very high regard for Prof. Bemis both as a scholar and as a teacher. His work with us was very successful in both respects, and it was a source of great regret that we could not keep him. I wish we were able to call him back again.’

Questions for the President.

“7. Does President Harper deny having told me Aug. 7 that he had decided as he had, despite the fact that the head professor of sociology had ‘pleaded for’ my retention and had used an almost convincing argument therefor?

“I do not find in the statement by the university this morning any denial of the president’s remark to me, March 13 last, that for the university to be in close touch with the labor question and with municipal and monopoly problems in a moderate spirit was ‘valuable work and you are a good man to do it; but this may not be, this is not the institution where such work can be done.’ Indeed, I hardly find a denial of anything in my previous statement except in the implication that what was there quoted of the letters and words of the president relative to the excellence of my class work was not to be taken seriously.

“Too Close to Social Movements.”

“8. On Jan. 15, 1895, Prof. Small told me that I was too much identified with modern social movements, while the necessities of the case forced him in his own lectures to go off more and more into ‘transcendental philosophy.’

“9. Since the university tries to make out my incompetency for inside or class work at so large a university, perhaps an explanation will be given of the statement of Prof. Small, March 7, in the presence of the president, that I was the best man in the country to write books on many of the following—immigration, population, cooperation, profit-sharing, building and loan associations, life insurance, labor organizations, arbitration, factory and other labor legislation, but these subjects were ‘too specialized for university instruction.’

“10. In the university’s statement this morning there is no denial of the absolute contradiction between a letter of the president’s July 28, 1894, and his convocation address. In the former he declares that because of my address at the First Presbyterian church (which was very moderate and wholly true ‘it is hardly safe for me to venture into any of the Chicago clubs,’ and ‘proposes’ that I exercise ‘great care in public utterances’ henceforth. In the latter he states: ‘From the beginning of the university there never has been an occasion for condemning the utterance of any professor upon any subject.’

Peculiar Use of Language.

“11. The president’s peculiar use of language was illustrated by his statement to me March 7, that a signed resignation, which at his request I soon gave, was no resignation, and we could both so state, until he chose to date it, the date being left blank by me at his suggestion.

“12. I desire to deny that my action in making my previous statement was due to the ‘mentor’ that the university seems to have in mind. I had not seen the one I suppose to be referred to for some time and acted contrary to his advice anyway, but in conformity to the advice of all but two of the many prominent friends heard from since Oct. 1.

An Unmade Denial.

“13. It will be noticed that President Harper does not deny having told a gentleman of unquestioned veracity, when referring to me: ‘It is all very well to sympathize with the workingmen, but we get our money from those on the other side and we can’t afford to offend them.’

“14. Another gentleman—one of national and very high reputation—is prepared to assert to any honorable and disinterested third party the president may name that the latter stated to him: ‘I am on the capitalist side. There is where I get my money.’

“In conclusion, and I wish to speak judicially and fairly, I must say that the statement of certain professors, as indorsed by the president, seems to me evasive and disingenuous and not at all worthy of a great institution of learning. I regret, exceedingly, that the unfounded and injust attacks of the university upon my work have compelled me to make the above statement. Edward W. Bemis.”

Source:  U. S. Library of Congress, Manuscript Division. The Papers of Walter Willcox, Box 3, Folder “General Correspondence A-C”.

*  *  *  *  *

DR. HARPER WAS EMBARRASSED.
Chicago Record, Oct 19, 1895

Says That the Statement Signed by Him Was Meant to Be Kept Secret.

Dr. Harper was asked yesterday why he had made answer to Prof. Bemis at this late day, after having declared that he would not notice the professor’s letter.

“I have made no statement,” said the doctor, “and the publication in The Record this morning was embarrassing to me. The matter was prepared for submission to the board of trustees this afternoon, and if they had desired to make it public they could, of course, have done so. But it is unfair to say I have made any public statement concerning the matter.”

“The document published was the one prepared with your knowledge and consent, was it not?”

“Yes, I do not intend to assert that there is anything wrong with the document, but if it had been prepared for the public no doubt many things it does not contain would have been incorporated.”

“In the printed statement it is said that the extension lectures of Prof. Bemis were a failure financially. Does this mean that the extension work is languishing?”

“Not at all. It only means that Prof. Bemis did not succeed, and there was no sense in our keeping him when we could get men who would put money in our treasury instead of being a drag upon us.”

Source: U. S. Library of Congress, Manuscript Division. The Papers of Walter Willcox, Box 3, Folder “General Correspondence A-C”.

__________________

MEMORANDUM OF AGREEMENT between E. W. BEMIS and WILLIAM R. HARPER:
[undated]

  1. Bemis agrees to give Mr. Harper his resignation as University Extension Associate Professor in the University of Chicago, the date to be left blank and to be filled out by Mr. Harper, but not before Mr. Bemis has secured a position in another institution, provided that the date shall in no case be later than July 1, 1896.
  2. Bemis agrees to receive as compensation for his services in the University after July 1, 1895, in case service is rendered, the receipts from such lecture courses as he may give in the Extension Division and the sum of Six Hundred and Twenty-five ($625.00) dollars, for six weeks of instruction during the summer quarter of 1895.
  3. Bemis agrees, in case the above arrangement is carried out by Mr. Harper, to release the University from any obligation to pay him a fixed salary for the year beginning July 1, 1895, should he remain connected with the University during that year.
  4. Harper agrees to carry out the above arrangements in connection with University Extension work and in connection with University work during the summer quarter of 1895.

[Signed by both]
Edward W. Bemis
William R. Harper

 

Source:   University of Chicago. Office of the President. Harper, Judson and Burton Administrations. Records, Box 11, Folder #4 “Bemis, Edward W., 1892-1895”, Special Collections Research Center, University of Chicago.

__________________

Image Source:  Chauncey L. Moore (Springfield, MA) photograph of Edward Webster Bemis from Johns Hopkins Sheridan Libraries, Graphic and Pictorial Collection.

 

Categories
Exam Questions Undergraduate

Wesleyan. Comprehensive undergraduate economics exam, 1931

 

Over the past few days Economics in the Rear-view Mirror has posted comprehensive undergraduate economics exams around 1930 from Harvard, Princeton, and Swarthmore. Today I add an economics comprehensive exam from Wesleyan University to round out this cross-section.

________________

Comprehensive Examination in Economics
Wesleyan University, 1931

Part I

(Two hours)
Answer TWO of the following questions.

  1. Snowden of the British Exchequer in explaining his land value tax proposal in the House of Commons, on May 4, 1931, said:

“By this measure we assert the right of the community to ownership of the land. If private individuals continue to possess a nominal claim to land they must pay a rate to the community for the enjoyment of it. They can not be permitted to enjoy the privilege to the detriment of the community.

“Land differs from all other commodities in various respects. Land was given to us by the Creator, not for the private use of the dukes but for the equal use by all His children. Restriction of freedom in the use of land is a restriction on human liberty.

“To restrict the use of land by arbitrary will, the owner enhances its price, raises rents, hampers industry and prevents municipal development and the increase of amenities. Every increase in population, every expansion in industry, every scientific development, every improvement in transportation, every child that is born, increases the rent of land. Rent enters into the price of every article produced, into the cost of every public service.”

What economic principles are involved in the above analysis? What was the position of the classical economists with reference to the various problems involved?
To what extent do you agree with Mr. Snowden’s analysis and what are the reasons that contribute to your present conviction?

  1. Write a brief essay on the subject “Laissez Faire in Economic Theory: Its Past Significance and Its Applicability to the Present American Economic Order.”
    In your essay show how economists of the past regarded laissez faire, the reasons for their attitude, and the adequacy of this philosophy for the problems of the present.
  2. What is the basis for the assertion that we have an acquisitive society? Indicate the strong and the weak points of such a society. Outline in general terms, the nature of a so-called functional society. Present the case for and against such a social order.
    Indicate your conclusion as to the relative merits of these two types of societies as applied to past eras and as applied to the present period.
  3. (a) Enumerate and describe each of the important wage theories that has been suggested in the evolution of classical economic doctrines.
    (b) Indicate what wage theories were held by each of the authors you have studied and explain why he advocated the theory in question.
    (c) What do you regard as valid and what invalid in all these wage theories? Present and defend your own explanation for the general wage level.

 

Part II

(Two and one-half hours)
Answer THREE of the following questions.

  1. (a) What are the causes of the present economic depression in the United States and the rest of the world?
    (b) What agencies, if rightly directed, can contribute toward the elimination of business fluctuations? Explain in what manner and to what extent each of these agencies may be expected to assist.
  1. Contrast Russia and the United States at the present time as to the organization of economic institutions, the direction of production and the distribution of wealth.
    Give and explain your opinion as to the relative merits of the two systems.
  2. Compare the conditions of farming and industry that make for a special agricultural problem in the United States.
    Evaluate the measures that have been suggested for the solution of this problem.
  3. The Labor Government is in power in Great Britain. A collectivist system supported by the industrial wage earner exists in Russia while organized labor in the United States is relatively weak and ineffective. Discuss and explain these contrasts.
  4. (a) The late President Hadley believed that public utilities should be subjected to no more regulation than any private enterprise. Can you suggest any arguments in support of such a position? What are the arguments on the other side?
    (b) What do you consider necessary as a means of insuring adequate regulation of public utilities and how would you proceed to the attainment of this objective.
    Outline in detail some of the things that you would prescribe.

(Each student will be examined orally as per schedule already announced.)

  1. [The consumer pays $10 for a given goods. Four of the $10 go to the manufacturer. What important economic problems are suggested by this situation? Indicate and defend a program for meeting these problems.]

 

[Note: question 6 of part II of this exam was not included followed by the note “Question presented elsewhere”. In the list of 65 selected questions for review in the cited source below, there was a single optional 50 minute question. I have included that question in square brackets above, but this represents only an educated guess on my part.]

 

Source:  Edward S. Jones. Comprehensive Examinations in the Social Sciences, Supplement to the December, 1933 Bulletin of the Association of American Colleges,pp. 36-38.

Image Source: Olin Memorial Library at Wesleyan University, built in 1925-27 and dedicated in 1928. From Wikipedia entry “Wesleyan University”.

Categories
Exam Questions Swarthmore Undergraduate

Swarthmore. Senior comprehensive economics exam, 1931

 

The two previous posts provided undergraduate comprehensive examinations for Harvard and Princeton from the early 1930s that were published in the Bulletin of the Association of American Colleges (December, 1933). The cross-section of comprehensive economics exams is now expanded with this post to include Swarthmore College’s economics department.

A decade later Swarthmore College brought in external examiners (many of whom recruited from Wolfgang Stolper’s network of Harvard graduate buddies), e.g.

_________________

Senior Comprehensive Examination in Economics

Swarthmore College, 1931

  1. a. Why have railroads been subject to an unusual amount of regulation?
    b. Appraise reproduction cost as a basis for the valuation of public utilities.
    c. Explain the operation of the principle of joint costs in the determination of rates for specific services.
  2. Discuss:
    a. “One of the unions’ chief errors is restriction of output, which is always against the social interest and even fruitless for the workers.”
    b. “To the extent that employee representation seems to the worker to be just an employer’s weapon against trade unionism, it will be still less popular in the future than today and even its good points will be ignored.”
  3. Is it necessary to make goods in order to make money? Give the answers of T. N. Carver, S. & B. Webb, F. M. Taylor, T. Veblen, Adam Smith, R. H. Tawney, and Alfred Marshall. Why have these scholars come to such contrary conclusions after examining the facts? Is it possible that both groups are right; that neither one is right? How so? If not, which group is right and why?
  4. a. Since it is understood that all kinds of money in this country are to be maintained at a parity of value with standard money, would not inconvertible paper money issued by our government be quite as acceptable and useful as any kind? Explain.
    b. In the United States there are many kinds of money. What are they, and what is the security behind each one? Does Gresham’s Law operate? Why, or why not.
  5. a. It is said that the United States is evolving into a commission form of government; that the government set up by the Constitution is gradually delegating its duties to “expert commissions.” Bearing in mind the frailty of commissioners and their staffs, do you believe this is a wise movement? Why? Be specific.
    b. Giving generous reference to the history of governmental regulation in the United States, what do you believe will be the position of the government as a regulator of business twenty-five years hence?
  6. According to present estimates, the federal government will complete this fiscal year, June 30, 1931, with a deficit of nearly one billion dollars. Outline, in detail, the causes of this deficit. Suggest, with reasons, the fiscal program which the government should adopt, for the coming year, in view of this deficit.
  7. Philip Snowden, British Chancellor of the Exchequer, has proposed the imposition of a tax on the site value of land as a means of balancing the British budget. It is argued that such a tax would have less of a repressive effect upon industry than any other type of tax which might be imposed. Give in detail the reasoning which supports this position.
  8. Give an historical account of the currency agitation and legislation from the end of the Civil War to the end of the last century. What issues were involved and how did they arise? On the whole, do you think that our currency history of this period refutes or verifies the quantity theory of money?
  9. a. Imagine yourself a Congressman in the year of 1828 and make a brief argument for the high tariff policy adopted in that year. Would you argue in the same way today? If not, why not? Is your supposed speech that of a representative from South Carolina or Pennsylvania? Give reasons.
    b. Briefly comment upon what you regard as three important causes or factors in the present industrial depression.
  10. a. How important for price theory and for practical life are differences in the elasticity of demand for commodities? Illustrate, using diagrams.
    b. Translate, and if necessary, correct the following popular statements into the more exact language of economic theory:

(1) “We produce too much coal and people freeze to death; we raise too much cotton and people go naked.”
(2) “Great Britain’s foreign trade is in a bad way; she has an extremely unfavorable balance.”
(3) “The price of corn is low because you can buy good corn land so cheaply.”
(4) “Depressions are due to over-production, and by this I mean that more goods are produced than can be sold, for two reasons; rich people save too much, and the workers do not get high enough wages.”

(Answer five questions. Use the first half-hour to study and select your questions. Then devote about thirty minutes to answering each question.)

 

Source:  Edward S. Jones. Comprehensive Examinations in the Social Sciences, Supplement to the December, 1933 Bulletin of the Association of American Colleges, pp. 41-43.

Image Source: Parrish Hall, Swarthmore College  .

 

Categories
Exam Questions Princeton Undergraduate

Princeton. Two undergraduate comprehensive exams in economics, 1929 and 1932

 

Another catch in my trawling for exams, we have below two undergraduate comprehensive examinations from Princeton (1929 and 1932).  These exams were selected and published in a supplement to the Bulletin of the Association of American Colleges dedicated to the subject of comprehensive exams. The style of the questions is rather different from those seen for Harvard from 1931 that were transcribed for the previous post.

__________________________

Senior Comprehensive Examination
Princeton University, 1932

Part I
Use a separate book for each question

I
(20%)

  1. Contrasting the England of 1700 with the England of the Middle Ages, R. H. Tawney states: ” Opinion ceased to regard social institutions and economic activity as amenable, like personal conduct to moral criteria.”
    How far was this true (1) of price; (2) of the money reward for human labor? Give the reasons.
  2. Compare Henry George’s theory of rent with Ricardo’s theory of rent.

II
(40%)

  1. What was the Marxian theory of “surplus value”? Discuss the present price and wages policy in Russia in the light of the Marxian theory.
  2. “Socialization will proceed, step by step, from one industry to another, according as circumstances in each country may permit. Objectionable as private profit-making enterprise is to Socialists, they will refrain from destroying it in any industry until they are in a position to replace it by a more efficient form of organization.” (From a resolution of the Labor and Socialist International.)
    What is the “more efficient form of organization” proposed for the “nationalized industries,” as illustrated in the Webb Constitution for the Socialist Commonwealth of Great Britain? Would it be more efficient than “private profit-making enterprise” in these industries? Give your reasons.

III
(40%)

Answer one of the three following questions: A, B, or C.

A

Discuss the Interstate Commerce Commission in its present status as a regulator of interstate commerce. Is it lacking any powers which it should possess? Should it be deprived of any powers that it now has? Are there any powers it should retain which could be made more effective by legislation? Give reasons for your answers.

B

At the time of the Napoleonic Wars the following statement was made as to the ability of Great Britain to make remittances to the continent to support her armies and subsidize her allies:

“A favorable balance of trade is a very probable consequence of large drafts on Government for foreign expenditure; an augmentation of exports, and a diminution of imports, being promoted and even enforced by the means of such drafts.”

A few weeks ago, in a discussion of the payments of inter-allied debts, it was stated:

“The essential fact about war debt payments is that they are foreign payments. Many people seem to think that the French Government may tax its citizens, deposit the money in the Bank of France, and then either draw a check upon the Bank of France to pay the United States on war debts, or use the same money for armament expenditures. The essential difference is that a check drawn in francs by the French Government upon the Bank of France to the credit of the American Treasury is of no value to us until it is transferred into dollars.”

On the basis of these statements, discuss critically the topic, “Divergent Views on the Payment of International Obligations,” laying particular emphasis on the economic principles which are involved. Where possible, use historical illustrations in your discussion.

C

A certain industrial corporation has outstanding common stock of par value of $10,000,000; also a first mortgage bond issue, amply secured by the plant, of $2,000,000.

Below is a list of five possible methods of voluntarily revising the capital structure of this company.

  1. The issuance of convertible bonds,
  2. The declaration of a stock dividend,
  3. The declaration of a privileged stock subscription,
  4. The purchase of the company’s own stock in the open market,
  5. The formal reduction of the corporation’s capital by amendment of the certificate of incorporation.

Discuss thoughtfully four of these five methods.

While it is not desirable to lay down any rigid plan to be adhered to in discussing all of these methods, your answer should explain (1) what is involved in the use of the method in question, (2) the objective or objectives ordinarily sought to be attained by its use, (3) what conditions other than those stated in the first paragraph should prevail in order to justify the use of the method, and (4) any special disadvantage which might be suffered.

__________________________

Senior Comprehensive Examination
Princeton University, 1929

Examination in Special Field I

I

Case A

During the latter part of the period of inconvertible paper currency in this country (1862-1879) trade dollars (a silver coin somewhat heavier than the standard silver dollar and possessing at that time the right of free coinage) began to appear in circulation alongside the greenbacks, although the trade dollar was intended for use only in foreign trade.

Case B

In Russia, the chervonetz, a paper monetary unit issued in 1923, kept at a high value by relative limitation of quantity and backed by a considerable gold reserve, quickly drove the Soviet paper rouble, an enormously depreciated paper monetary unit, out of circulation.

Case C

In Germany, in 1923, foreign gold standard currencies appeared in considerable volume in ordinary commercial transactions, which up to that time had for years been carried on almost entirely with highly depreciated paper marks.

In all these cases “bad” money not only did not drive out good but the reverse was more nearly true. Explain each case and state Gresham’s Law so as to make it universally applicable.

II

Suppose that the United States in 1893 had abandoned the gold standard, taken from gold the legal tender quality and made all paper currency redeemable in silver dollars which were no longer freely coined.

(a) What would have been the upper and lower limits on the exchange rates of the dollar against gold standard currencies?

(b) What influences would have affected the gold value of the dollar?

(c) How, if at all, would the gold price of silver have been affected?

(d) Could the rise in prices, which took place after 1896, have been prevented under the monetary system outlined above? Reasons.

III

Compare the check and deposit system of banking, such as prevails in Anglo-Saxon countries, with the French system where checks are little used and practically the whole of the circulating medium is issued by the Bank of France which shares its profits with the government of the republic.

Your answer should attempt to assess, from the point of view of the general interest, the relative virtues and vices of the two types of banking, showing specifically and precisely in what manner advantages or disadvantages accrue under the one or the other system.

IV

Assume that in any given country:

(a) central bank reserves are very high;

(b) exports are increasing relative to imports;

(c) stock speculation has been and continues rampant and stock prices have risen greatly;

(d) commodity prices are stable.

What policy do you think the central bank should pursue, and why?

V

Spain is now on an inconvertible paper monetary standard. Suppose that political disturbances lead to a sharp decline in confidence with regard to Spain’s economic prospects, that present foreign lenders to Spain seek to withdraw their capital and that further loans are refused. Trace through the resulting movement of exchange rates the probable course of trade and industry in Spain up to the point of restoration of a stable economic equilibrium. Assume no further inflation of the Spanish currency.

VI

  1. Give a brief description of the Dawes Plan of reparations payments, criticizing adversely where such criticism seems to you to be warranted.
  2. Compare the economic effects on both paying and receiving countries of reparations in cash and reparations in kind.

 

Source:  Edward S. Jones. Comprehensive Examinations in the Social Sciences, Supplement to the December, 1933 Bulletin of the Association of American Colleges, pp. 38-41.

Image Source:John E. Sheridan, Princeton Poster, c. 1901  . Library of Congress Prints and Photographs Division Washington, D.C. 20540 USA.

 

Categories
Exam Questions Harvard Undergraduate

Harvard. Three economics subject exams from divisional comprehensives, 1931

 

Being a scavenger for old economics exams, I just had to transcribe the following three comprehensive subject examinations from the Harvard Division of History, Government, and Economics battery of comprehensive exams from 1931.  These exams were selected and published in a supplement to the Bulletin of the Association of American Colleges dedicated to the subject of comprehensive exams. The subjects examined were History of Economic Thought, Public Finance, and Labor Problems.

For some strange reason two of the questions were omitted, with a note that the questions were presented “elsewhere”. I have identified what I think to be the likely missing questions from a list of 65 questions discussed earlier in the monograph. These two questions are placed in square brackets in the public finance and labor problems examinations.

__________________________

History of Economic Thought

Harvard University, 1931
(Three hours)

Answer either FOUR or FIVE questions, including TWO from each group. If you answer FOUR questions, write about an hour on one of them and mark your answer “Essay.” This question will be given double weight.

A

Use a separate blue book for the questions in this part.

  1. Discuss the economic policies of one of the following in the light of theory and contemporary conditions: Colbert, Hamilton, Turgot, Bismarck, Andrew Jackson, Gladstone, Cromwell.
  2. Compare the part played by economic theories in the French Revolution and the Russian Revolution.
  3. In what ways do you think the economic thought of the Greeks reflects the social, intellectual, and political conditions of the period?
  4. Discuss the influence of economic fallacies upon public policy during the past hundred years.
  5. To what extent do you think the social and economic organization of medieval towns is reflected in the economic views of medieval thinkers?
  6. “Mercantilism is, in substance, the sum of all efforts to bring about a self-sufficient empire.” Discuss.
  7. How did contemporary writers explain the price revolution of the sixteenth century? Were these new or already accepted doctrines?
  8. Discuss the importance of economic theory for an understanding of British colonial policy during the period from 1783 to 1867.

B

Use a separate blue book for the questions in this part.

  1. What were some of the more widely held theories of wages during the nineteenth century?
  2. Discuss one of the following topics: The Medieval Doctrine of Just Price; The “Dismal Science”; Economic Stages.
  3. “Though the real problem of Distribution was sometimes approached by the Classical Economists, it was never properly presented, nor was an attempt made at its solution.” Discuss.
  4. What were the chief contributions to economic thought of one of the following writers: Senior, J. B. Clark, Walker, Cantillon?
  5. Explain the meaning of three of the following terms and tell with what writer or group they are chiefly associated: produit net, lucrum cessans, preventive check, productive forces, non-competing groups.
  6. ” There are no terms in economics which bear about them more palpable traces of the conflicts through which they have gone than ‘production’ and ‘productive.'” Discuss.
  7. What were the principal doctrines of the Austrian school of economics?
  8. Discuss the relation between the work of one of the following writers and the work of earlier thinkers: Smith, J. S. Mill, Marshall.

__________________________

Public Finance

Harvard University, 1931
(Three hours)

Part I
(About one hour)

  1. White an essay on one of the following topics:

(a) The general property tax,
(b) British budget principles since 1860,
(c) The sales tax,
(d) Postal rate problems in the United States,
(e) Financial problems of highway construction and maintenance.

Part II
(About one hour)

Answer TWO questions only.

  1. Do you think it wise for a government to exempt its own bonds and notes from taxation? Why, or why not?
  2. Indicate the nature and significance of the “grant in aid” in British public finance.
  3. Discuss recent tendencies in state and municipal expenditure.
  4. Discuss the fiscal aspects of a system of protective tariff duties.
  5. [In what ways do the problems of government finance affect currency systems and the control of currency?]

Part III
(About one hour)

Discuss THREE of the following quotations.

  1. “Modern taxation or tax making in its most characteristic aspect is a group contest in which powerful interests vigorously endeavor to rid themselves of present or proposed tax burdens.”
  2. “Though differential rents of land have complete ability to bear taxation directly imposed upon them, and cannot shift such taxation, they cannot be reached by a tax imposed upon their produce.”
  3. “To tax investment income at a higher rate would seem to be trebly unjust; for ‘savings’ are first taxed as ‘earned income’; the income derived from them is then taxed as ‘investment income’; and, thirdly, a portion of the invested capital, is confiscated by the ‘death duties’—a triple penalty upon thrift.”
  4. “It must not be supposed that a government’s safe borrowing power is anything like its national wealth, for the wealth belongs to the people and can be taken from them only by law and the laws are made by the people indirectly and eventually.”
  5. “Taxes should fall proportionately to the wealth of the taxed, that is, the sacrifice should be equally felt by all. This rule is easy to keep when taxation is light; but when taxation must be heavy, the rule is difficult to keep.”

[Note: Part II, Question 6 has been identified from a list of 65 questions as likely. It was appears to be the better “fit” of  two optional, 20-minute public finance questions.]

__________________________

Labor Problems

Harvard University, 1931

Part I
(About one hour)

  1. Write an essay on one of the following topics:

(a) the legal status of trade unions in Great Britain,
(b) unemployment and the business cycle,
(c) standard wage rates,
(d) the family allowance system,
(e) the policy of organized labor towards new machinery.

Part II
(About one hour)

Answer TWO questions only.

  1. To what extent does welfare work contribute to the solution of the labor problem?
  2. What is a sweated industry? What are the best correctives for this abuse?
  3. Compare the policies of the trade unionists in any two of the following countries:

(a) United States,
(b) France,
(c) Germany,
(d) Australia.

  1. Discuss the policy and objectives of the British Labor Party.
  2. Discuss the tendencies of judicial interpretations of “liberty of contract” in labor cases in the United States.

Part III
(About one hour)

Discuss THREE of the following questions.

  1. “Only the most formal conception of the idea of equality and the most unrealistic attitude toward groups in our community could think of the ordinary forms of labor legislation as class legislation.”
  2. “If no general fund exists which can be diverted from some other form of surplus income into wages, trade unionism becomes a mere device for adding to certain well organized groups of workers a scarcity wage paid by less favorably placed workers.”
  3. “Wages are more of a question for business than they are for labor. Low wages will break business far more quickly than they will labor.”
  4. “Scientific management, properly applied, normally functioning, should it become universal, would spell the doom of effective unionism as it exists today.”
  5. [“As long as there is liberty there will be strikes, for a strike is nothing more or less than liberty to stop work and to wait for a bargain.”]

 

[Note: Part III, Question 11 has been identified from a list of 65 questions as an optional optional labor question for about 20 minutes and that fits the discuss the quotation format]

 

Source:  Edward S. Jones. Comprehensive Examinations in the Social Sciences, Supplement to the December, 1933 Bulletin of the Association of American Colleges, pp. 33-36.

 

Categories
Chicago Curriculum Economics Programs

Chicago. First detailed announcement of Political Economy program, 1892

 

The founding Head-Professor of Political Economy, J. Laurence Laughlin, arrived at the University of Chicago in June 1892. The following printed announcement of the programme of courses in political economy ends with a call for fellowship applications with a last-submission date of June 1, 1892. Thus we can presume that Laughlin had organized his department’s course offerings and staffing before he physically reported for duty,  and I would guess this announcement was published in the late winter/early spring of 1892. Besides being an artifact we can date to the Big Bang moment of creation of the University of Chicago’s department of political economy, the announcement provides us relatively thick descriptions of the respective courses in the political economy programme at that early date.

 

_______________

THE UNIVERSITY OF CHICAGO
1892-3

PROGRAMME OF COURSES IN POLITICAL ECONOMY

CHICAGO
The University Press of Chicago
1892

*  *  *  *  *  *  *

DEPARTMENT OF POLITICAL ECONOMY.
1892-3.

OFFICERS OF INSTRUCTION:

J. LAURENCE LAUGHLIN, Ph. D., Head-Professor of Political Economy.

ADOLPH C. MILLER, A. M., Associate-Professor of Political Economy.

WILLIAM CALDWELL, A. M., Tutor in Political Economy.

*  *  *  *  *  *  *

INTRODUCTORY.

The work of the department is intended to provide, by symmetrically arranged courses of instruction, a complete training in the various branches of economics, beginning with elementary work and passing by degrees to the higher work of investigation. A chief aim of the instruction will be to teach methods of work, to foster a judicial spirit, and to cultivate an attitude of scholarly independence, (1) The student may pass, in the various courses of instruction, over the whole field of economics; (2) when fitted, he will be urged to pursue some special investigation. (3) For the encouragement of research and the training of properly qualified teachers of economics, Fellowships in Political Economy have been founded. (4) To provide a means of communication between investigation and the public, a review, entitled The Journal of Political Economy, has been established, to be edited by the officers of instruction in the department; while (5) larger single productions will appear in a series of bound volumes to be known as Economic Studies of the University of Chicago.

REMARK: In the following list the term Minor, is applied to a course which calls for four or five hours of class-room work per week for a period of six weeks. A Double Minor is a Minor running through two periods of six weeks.

 

LIST OF COURSES OF INSTRUCTION.

STARRED * COURSES ARE NOT GIVEN IN 1892-3.

  1. First Quarter: Principles of Political Economy. — Exposition of the Laws of Political Economy in its present state. — Mill’s Principles of Political Economy (Laughlin’s edition).

5 hrs. a week, Double Minor.
Associate Professor A. C. Miller.

Second Quarter:

Either, 1A. Advanced Political Economy. — Cairnes’s Leading Principles of Political Economy. — Marshall’s Principles of Economics (vol. I.).

5 hrs. a week, Double Minor.
Mr. Caldwell.

Or, 1B. Descriptive Political Economy. — Lectures and Reading on Money, Banking, Cooperation, Socialism, Taxation, and Finance. — Hadley’s Railroad Transportation. — Laughlin’s Bimetallism.

4 hrs a week, Double Minor.
Associate Professor A. C. Miller.

  1. Industrial and Economic History. — Leading Events in the Economic History of Europe and America since the middle of the Eighteenth Century. — Lectures and Reading.

4 hrs. a week, 2 Double Minors.
Mr. Caldwell.

  1. Scope and Method of Political Economy. — Origin and Development of the Historical School. — History of Political Economy in Germany. — Lectures and Reports.

4 hrs. a week, Double Minor.
Mr. Caldwell.

  1. Unsettled Problems of Economic Theory. — Questions of Exchange and Distribution.— Critical Examination of selections from leading writers.

4 hrs. a week, Double Minor.
Professor Laughlin.

  1. History of Political Economy. — History of the Development of Economic Thought, embracing the Mercantilists and the Physiocrats, followed by a critical study of Adam Smith and his English and Continental Successors. — Lectures and Reading. — Reports.

5 hrs. a week, Double Minor.
Mr. Caldwell.

  1. Recent German Systematic Writers*. — Wagner, Cohn, Schmoller, Schäffle, and Menger. — Exposition, critical comments, and reading of authors. — Reports.

4 hrs. a week, Double Minor.
Mr. Caldwell.

  1. Socialism. — History of Socialistic Theories. — Recent Socialistic Developments. — Lectures and Reports.

4 hrs. a week, Double Minor.
Dr. Veblen.

  1. Social Economics. — Social questions examined from the economic standpoint.

A*. Social Reforms. — Future of the Working-classes. — Immigration. — State Interference. — Insurance Legislation. — Arbeitscolonien.

4 hrs. a week, Double Minor.
Mr. Caldwell.

B. Coöperation. — Profit-Sharing. — Building Associations. — Postal Savings. — Trade Unions. — Factory Legislation. — Public Charities.

4 hrs. a week, Double Minor.
Associate Professor Bemis.

  1. Practical Economics. — Training in the Theoretical and Historical Investigation of Important Questions of the Day. — Lectures and Theses.

4 hrs. a week, Double Minor.
Associate Professor A. C. Miller.

  1. Statistics. — Methods and practical training. — Organization of Bureaus. — Tabulation and Presentation of Results.

4 hrs. a week, Double Minor.
Mr. Fisher.

  1. Railway Transportation. — History and Development of Railways. — Theories of Rates. — State Ownership.

4 hrs. a week, Double Minor.
Professor Laughlin.

  1. Tariff History of the United States. — Legislation since 1789. — Economic Effects. — Reading.

4 hrs. a week, Double Minor.
Professor Laughlin.

  1. Financial History of the United States.— Rapid Survey of the Financial Experiences of the Colonies and the Confederation. — Detailed Study of the Course of American Legislation on Currency, Debts, and Banking since 1789. — Lectures and Reports.

4 hrs. a week, Double Minor.
Associate Professor A. C. Miller.

  1. Taxation. — Theories and Methods of Taxation. — Comparative Study of the Revenue Systems of the Principal Modern States. — Problems of State and Local Taxation in America. — Lectures and Reports.

4 hrs. a week, Double Minor.
Associate Professor A. C. Miller.

  1. Public Debts and Banking. — Comparative Study of European and American Methods of Financial Administration. — The Negotiation, Management, and Effects of Public Debts. — Examination of Banking Problems and Banking Systems. — Lectures and Reports.

4 hrs. a week, Double Minor.
Associate Professor A. C. Miller.

  1. Problems of American Agriculture*. — Comparison with European Systems of Culture. — Land Tenures. — Lectures, Reading, Reports.

4 hrs. a week, Double Minor.
Professor Laughlin.

  1. Seminary. — Intended only for mature students capable of carrying on independent researches.

4 hrs. a week, 3 Double Minors

 

 

DESCRIPTION OF COURSES
GENERAL.

The courses may be roughly classified into —

Group I., Elementary. — Courses 1, 1A, 1B, and 2;
Group II., Theoretical. — Courses 3, 4, 5, 6, and 7;
Group III., Practical. — Courses 8, 9, 10, 11, 12, 13, 14, 15, and 16.

Students are advised to begin the study of economics not later than the first year of their entrance into the University College; and students of high standing, showing special aptitude for economic study, may properly take Course 1 in the last year of the Academic College.

For admission into the courses of Groups II. and III., a prerequisite is the satisfactory completion of Course 1 (with either 1A or 1B), or its equivalent. Those desiring only a general acquaintance with the subject are expected to take Course 1B during the second quarter; but those who intend to make a serious study of economics are advised to take 1A during the second quarter.

After passing satisfactorily in Course 1 (with either 1A or 1B), the student will find a division of the courses into two general groups: Group II. will be concerned chiefly with a study of economic principles, their historical development, and the various systems of economic thought; Group III., while making use of principles and economic reasoning, will be devoted mainly to the collection of facts, the weighing of evidence, and an examination of questions bearing on the immediate welfare of our people. For a proper grasp of the subject, Courses 3, 4, and 5 are indispensable; and in the second year of his study of economics the student should supplement a course in Group I. by a course in Group II.

Ability to treat economic questions properly can be acquired only if the student, being possessed of some natural aptitude for the study, devotes sufficient time to it to enable him to assimilate the principles into his thinking, and to obtain certain habits of mind, which are demanded for proficiency in this, as in any other important branch of study. Tests of proficiency will be exacted at the end of each period, six weeks.

 

 

SPECIAL.

COURSE 1.

First Quarter: Principles of Political Economy. —Exposition of the Laws of Political Economy in its Present State. — Mill’s Principles of Political Economy (Laughlin’s edition).

5 hrs. a week, Double Minor.

Second Quarter:

Either, 1 A. Advanced Political Economy.— Cairnes’s Leading Principles of Political Economy. — Marshall’s Principles of Economics (vol. I).

5 hrs. a week, Double Minor.

Or, 1B. Descriptive Political Economy. — Lectures and Reading on Money, Banking, Cooperation, Socialism, Taxation, and Finance. — Hadley’s Railroad Transportation. — Laughlin’s Bimetallism.

4 hrs. a week, Double Minor

All students beginning the study of Political Economy will take Course 1. At the second quarter the class will divide. Those desirous of laying the foundation for work in the advanced courses will take 1A; those who, while giving their attention mainly to other departments, seek simply that general knowledge of economics demanded by a liberal education, and cannot devote more time to the study, will take Course 1B. Course 1 is designed to give the student an acquaintance with the working principles of Political Economy.

Course 1A will continue the theoretical training in the principles of Political Economy. The discussions will be based on Cairnes’s Leading Principles of Political Economy, and Marshall’s Principles of Economics (vol. I). Only those students who have passed satisfactorily in Course 1A, will be admitted to Courses 3, 4, 5, 6, 7 and 9.

Course 1B is mainly descriptive and practical; in it will be considered the various practical questions illustrating the application of economic principles, the lectures and reading supplying the student with the knowledge necessary for the more intelligent discharge of the duties of citizenship. The subjects discussed will be: Money, banking, coöperation, socialism, taxation, finance, and railway transportation. Students will be expected to read Hadley’s Railroad Transportation, and Laughlin’s History of Bimetallism in the United States.

COURSE 2.

Industrial and Economic History. — Leading Events in the Economic History of Europe and America since the middle of the Eighteenth Century. Lectures and Reading.

4 hrs. a week, 2 Double Minors.

This course endeavors to present a comprehensive survey of the industrial, commercial, and economic development of the western world since the middle of the last century. After a preliminary study of the industrial revolution and the rise of the factory system, attention will be called to the economic and social effects of the American and French revolutions; to the development of American commerce; to the introduction of steam transportation; to the adoption of free trade by England; to the new gold discoveries and their wide-spread effects; to the civil war in the United States; to the French indemnity; to the crisis of 1873; and to the economic disturbances of the past twenty years. The course is conducted mainly by lectures, but a course of collateral reading will be prescribed upon which students will be expected to report from time to time.

No previous economic study is required of students entering this course, but it will be taken to best advantage by those who already have some knowledge of economic principles, or who are taking this course in connection with Course 1.

COURSE 3.

Scope and Method of Political Economy. — Origin and Development of the Historical School. — History of Political Economy in Germany. Lectures and Reports.

4 hrs. a week, Double Minor.

This course attempts to define the province, postulates and character of Political Economy; to determine its method, and to examine the nature of economic truth. The methods of proof and the processes of reasoning involved in the analysis of economic phenomena and the investigation of economic problems, and the position of Political Economy in the circle of the Moral Sciences — its relation to Ethics, Political Science, and Sociology — will be studied. In view of the controversies which have arisen on these fundamental topics, a critical estimate will be made of the views of leading writers on Methodology, such as Mill, Cairnes, Menger, Wagner and Schmoller.

The origin and development of the modern historical school will be described, special attention being devoted to Knies, Die Politische Oekonomie vom Geschichtlichen Standpunkte.

In connection with this work, the course of German economic thinking will be traced from the earlier writers, Rau, von Thünen, and Hermann; after which the influence of the English writers, the later formation of various groups, with their distinguishing tenets, and the German point of view, will be presented. The statements of the writers themselves, rather than opinions about them, will be studied.

Students will be required to prepare critical studies on books, or subjects, selected by the instructor. Course 3 is preliminary to Course 6.

COURSE 4 .

Unsettled Problems of Economic Theory. — Questions of Exchange and Distribution. Critical examination of selections from leading writers.

4 hrs. a week, Double Minor.

Little use will be made of text-books, or lectures, in this course, it being intended to take up certain topics in economic theory and to follow out their treatment by various writers. The more abstruse questions of exchange and distribution will be considered. No student, therefore, can undertake the work of this course with profit who has not already become familiar with the fundamental principles. The course is open only to those who have passed satisfactorily in Course 1A., or who can clearly show that they have had an equivalent training.

The subjects to be considered in 1892-3 will be as follows: The theories of final utility and cost of production as regulators of value, the wages-fund and other theories of wages, the interest problem, manager’s profits, and allied topics. The discussion will be based upon selected passages of important writers. The study of wages, for example, will include reading from Adam Smith’s Wealth of Nations, Ricardo’s Works, and the writings of J. S. Mill, Longe, Thornton, Cairnes, F. A. Walker, Marshall, George and Böhm-Bawerk. Students will also be expected to discuss recent important contributions to these subjects in current books or journals; and they will be practised in the exposition of special points before their fellow students.

COURSE 5 .

History of Political Economy. History of the Development of Economic Thought, embracing the Mercantilists and the Physiocrats, followed by a critical study of Adam Smith and his English and Continental Successors. Lectures, Reading, and Reports.

5 hrs. a week, Double Minor.

This course treats of the history of economic theory, not of the history of economic institutions; of the origin and development of our existing knowledge of economic principles, not of the phenomena of wealth with which these economic principles are concerned. Since it investigates the evolution of economic thinking as expressed in a growing collection of principles, the student will have little occasion to study writers previous to the XVI century. The time will be given to the economic theories and commercial policy of the Mercantile system; to the Physiocratic school; to Adam Smith and his immediate precursors; to the English writers from Adam Smith to the present day; and to a brief review of French, Italian, and American writers. From the multiplicity of writers, selections will be made of those who have had great influence, or who have made marked contributions to political economy. The whole study will aim to present the continuity of development of economic doctrine from its origin to the present time.

The work, however, is not intended merely as a means of information. It is expected that the student himself should in every case read portions of the great authors bearing on cardinal principles, and, by critical comment and comparison, it is hoped he may gain much in discipline and in judicial insight. It is believed that a more fresh, original, and just understanding of the history of political economy can be obtained by this mode of treatment than by taking a knowledge of the authors at second-hand. The work of this course, therefore, must largely be carried on in the Economic Library. In this, as in other courses, the instructor will pay early attention to bibliography and to the best methods of using books.

COURSE 6.

Recent German Systematic Writers. Wagner, Cohn, Schmoller, Schäffle, and Menger. Exposition, critical comments, and reading of authors. Reports.

4 hrs. a week, Double Minor.

It is the object of this course to present the point of view of the leading recent German writers in Economics, through a study of the character and contents of their systematic treatises. In this way it is hoped that the desire for a direct acquaintance with the particular economic doctrines which are actually taught in Germany at the present day can be adequately met. The student will be helped to appreciate the spirit, quality, and tendency of German economic thinking, and thus be enabled to broaden his view of fundamental economic ideas.

The instructor will outline the system of each writer, give the substance of less important portions, and, with comments, translate in the class-room considerable selections. The student will be expected to have a working knowledge of German, and will be required to read parts of the authors not read in the class-room, upon which reports and critical studies in writing must be made. An incidental aim of this course will be to assist the student in acquiring a rapid reading knowledge of economic German.

The authors to be used are as follows:

Wagner, Volkswirthschaftslehre. Grundlegung.
Schmoller, Ueber einige Grundfragen des Rechts und der Volkswirthschaft.
Schäffle, Bau und Leben des socialen Körpers (ed. 1881).
Cohn, System der Nationaloekonomie. Grundlegung.
Menger, Grundsätze der Volkswirthschaftslehre,

COURSE 7.

Socialism. History of Socialistic Theories. Recent Socialistic Developments. Lectures and Reports.

4 hrs. a week, Double Minor.

The origin of the present socialistic movements, whether popular or scientific, will be traced to their beginnings previous to the middle of the present century; the events ending in 1848 will be described; and an examination will be made of the writings of Rodbertus, Marx, Lassalle, Karl Marlo, and William Thompson, from the economic standpoint. The criticisms offered, among other writers, by Leroy-Beaulieu, Rae, H. Spencer, and Schäffle, will be brought under review. A study of the “International” will be followed by an account of the spread of Socialism to England and America. The position and tenets of the Fabian Society in England; the popular agitations of the present day in Europe and America; the socialistic tendencies imputed to George’s Progress and Poverty, Gronlund’s Coöperative Commomwealth, and Bellamy’s schemes for Nationalism, will be taken up. Practical work will be done with the programs and platforms of socialistic, labor, and trade organizations.

Attention will then be given to the alleged socialistic trend of development, to State Socialism, to the economic factors in operation, and to the ethical aspect of the economic questions involved.

Students will be expected to make written reports and critical studies from time to time, in addition to selected reading. Those who have not examined questions of value and distribution carefully will be at a disadvantage in this course.

COURSE 8.

Social Economics. Social questions examined from the economic standpoint.

Course 8 includes two separate courses, known as Course 8A, and Course 8B. Under these heads many subjects into whose treatment ethical and social considerations enter, but which have a distinct economic character, will be considered.

COURSE 8A. Economic Reforms — Future of the Working-classes. Immigration. — State Interference. — Insurance Legislation. — Arbeitscolonien.

4 hrs. a week, Double Minor.

Under this head the ethical, sociological and political principles underlying proposed practical reforms and methods of social improvement will be noticed and criticised, and their economic values and effects will be considered and estimated. It will be sought to determine, as far as possible, the teaching of history and experience on these matters, and also the conditions and range, the merits and defects of various experiments.

COURSE 8B. Coöperation. — Profit-Sharing. — Building Associations. — Postal Savings. — Trades Unions. — Factory Legislation. — Public Charities

4 hrs. a week, Double Minor.

In this course schemes of economic reform will be studied and presented with a view to inform the student how they may be carried out into actual practice. It is hoped that members of this course, under the guidance of the instructor, may be familiarized with the process of organizing desirable movements of a philanthropic character in various parts of the community.

Both of these courses may well be elected by candidates for the ministry, who have already passed in Course 1. Reading and reports will accompany the lectures.

COURSE 9.

Practical Economics.Training in the Theoretical and Historical Investigation of Important Questions of the Day. Lectures and Theses.

4 hrs. a week, Double Minor.

Preliminary training for investigation is combined in this course with the acquisition of desirable statistical information on practical questions of the day. The student is instructed in the bibliography of a subject, taught how to collect his data, and expected to weigh carefully the evidence on both sides of a mooted question. The short theses form a connected series, and give practice in written exposition as well as in the graphic representation of statistics. Mere compilation is objected to, and the student is urged to reach his conclusions independently and solely on the facts before him. Fresh and independent judgments are encouraged. The work of writing theses is so adjusted that it will correspond to the work of other courses counting for the same number of hours.

The instructor will criticise the theses before the class, and members of the class will be frequently called upon to lecture on the subjects of their theses and answer questions from their fellow-students.

The subjects taken up will be chosen from the following: Money, prices, bimetallism, note-issues, shipping, and commercial crises.

COURSE 10.

Statistics. Methods and practical training. Organization of Bureaus. Tabulation and Presentation of Results.

4 hrs. a week, Double Minor.

The purpose of this course is to train students in the theory and methods of statistics. Inasmuch as economic principles throw light upon the proper choice and comparison of statistical data, a knowledge of Course 1 is a prerequisite to entrance into this course. On the other hand, statistical methods are needed for the correction and furthering of our knowledge of economic principles.

Attention will be given to the vast statistical material at hand, and the student will have an introduction into the bibliography of the subject. The growth of the study; establishment of statistical offices and their organization; collection and elaboration of data; detection and elimination of errors; presentation of results in tabular form; training in graphic representation; — will form a part of the work.

Practical exercises will be required of each student in connection with the collection and presentation of statistics of mortality, insurance, production, population, wages, prices, trade, crime, etc. The great libraries of the City of Chicago will furnish exceptional advantages for this work.

COURSE 11.

Railway Transportation. History and Development of Railways. — Theories of Rates. — State Ownership.

4 hrs. a week, Double Minor.

The economic, financial, and social influences arising from the growth of modern railway transportation, especially as concerns the United States, will be discussed. The history of railway development in Europe and America; its social and economic influence; railway accounts; competition and combination; various theories of rates; railway legislation in the United States; state railway commissions; the Inter-State Commerce Act; government ownership; and a comparison with the railway systems of Great Britain, France, Germany, Austria, Italy, and Australia, — will form the essential work of the course.

Studies in writing will be exacted from each student. In addition to the lectures, the student is expected to read Hadley’s Railroad Transportation, and Acworth’s The Railways and the Traders.

COURSE 12.

Tariff History of the United States. Legislation since 1789. Economic Effects. Lectures and Reports. Reading.

4 hrs. a week, Double Minor.

Course 12 is fitly taken in connection with Course 13, which runs parallel with it. An historical study will be made of the legislation on the tariff in the United States from the beginning in 1789 to the present day. Study will be given to the provisions of each act, the causes of its passage and its economic effects. The growth of the principal industries of the country will be sketched in connection with the duties affecting them.

Students will be required to present studies on special topics connected with the course.

COURSE 13.

Financial History of the United States.— Rapid Survey of the Financial Experiences of the Colonies and the Confederation. — Detailed study of the course of American Legislation on Currency, Debts, and Banking since 1789. Lectures and Reports.

4 hrs. a week, Double Minor.

Without excluding the history of taxation, this course concerns itself chiefly with the history of our national legislation on currency, loans, and banking. The study will be based upon a careful examination at first-hand of the leading provisions of the Acts of Congress, and other materials important in our financial history. These will be reviewed from the political as well as from the financial standpoints, it being one of the objects of the course to develop the relation between finance and politics in our history. Special attention will be given to Hamilton’s system of finance and the changes introduced by Gallatin; to the financial policy of the War of 1812; to the establishment of the Second United States Bank and the struggles over its re-charter; to the crisis of 1837-9 and the establishment of the independent Treasury; to the financial problems and management of the Civil War; to the establishment of the national banking system; the refunding and reduction of the debt; and the resumption of specie payments.

COURSE 14.

Taxation. Theories and Methods of Taxation. — Comparative Study of the Revenue Systems of the principal modern States. — Problems of State and Local Taxation in America. Lectures and Reports.

4 hrs. a week, Double Minor.

This course is both theoretical and practical, and the method of presentation historical as well as systematic. A critical estimate of the theories of leading writers — such as Wagner, Cohn, Leroy-Beaulieu — will be made with a view of discovering a tenable basis of taxation. Principles are discussed; the various kinds of taxes are examined and their complementary functions in a system of taxes determined; the methods in vogue in different countries are described, special attention being given in this connection to the experiences of France. In their proper places the incidence of taxes, progressive taxation, the single tax, and the special problems of American taxation will be carefully considered. All questions will be discussed from the twofold standpoint of justice and expediency. A reading knowledge of either French or German will be expected of all students entering this course.

COURSE 15.

Public Debts and Banking. — Comparative Study of European and American Methods of Financial Administration. — The Negotiation, Management, and Effects of Public Debts. — Examination of Banking Problems and Banking Systems. Lectures and Reports.

4 hrs. a week, Double Minor.

This course treats of the organization and methods of financial administration; the formal control of public expenditures by means of the budget; the development of public debts and their economic and social effects. Consideration will be given to the various problems involved in the management of public debts, such as modes of issue, conversion, and reduction; and the methods practised in our own and other countries will be described. This course also treats of the development and history of banking; the leading systems are compared, and proposed changes in legislation examined. The relations of the banks to the public and their management in a time of crisis will receive special attention.

COURSE 16.

Problems of American Agriculture. Comparison with European systems of culture. Land Tenures. Lectures, Reading, and Reports.

4 hrs. a week, Double Minor.

Special study will be given to the extension and changes of the cultivated area in the United States; the methods of farming; the influence of railways and population, and of cheapened transportation; the fall in values of Eastern farm-lands; movements of prices of agricultural products; European markets; competition of other countries; intensive farming; diminishing returns; farm mortgages, and the comparison of American with European systems of culture. Systems of holdings in Great Britain, Belgium, France, and Germany will be touched upon, together with the discussion of forestry legislation.

Reports will be prepared by students on topics assigned.

COURSE 17.

Seminary. Intended only for mature students capable of carrying on independent researches.

4 hrs. a week, 3 Double Minors.

Under this head are placed the arrangements for Fellows, graduates, and suitably prepared persons, who wish to carry on special researches under the guidance of the instructors. Candidates for the higher degrees will find in the seminary a means of regularly obtaining criticism and suggestion. It is hoped that each member of the Seminary will steadily produce from time to time finished work suitable for publication. Emphasis will be placed on accurate and detailed work upon obscure or untouched points.

Students may carry on an independent study upon some special subject, making regular reports to the seminary; or, several students may be grouped for the study of a series of connected subjects. For this purpose, during 1892-3, the following topics are offered:

(a) American Shipping, with a retrospect to the experience of Great Britain and Holland since 1650, and a comparative study of modern European policies.

(b) A Study of Modern Currency Problems, treated theoretically and historically.

(c) A critical and historical examination of the Internal Revenue System of the United States.

 

FELLOWSHIPS.

Independently of the fellowships offered by the departments of Political Science and Social Science, at least three Fellowships, yielding an annual income of $500, will be assigned to students within the department of Political Economy for the year 1892-3. Appointments will be made only on the basis of marked ability in economic studies, and of capacity for investigation of a high character. Candidates for these fellowships should send to the President of the University a record of their previous work and distinctions, degrees and past courses of study, with copies of their written or printed work in economics. Applications for 1892-3 should be sent in not later than June 1, 1892.

Fellows are forbidden to give private tuition, and will be called upon for assistance in the work of teaching in the University; but in no case will they be expected or permitted to devote more than one-sixth of their time to such service.

 

PUBLICATIONS.

As a means of communication between investigators and the public, the University will issue quarterly The Journal of Political Economy, beginning in the autumn of 1892. Contributions to its pages will be welcomed from writers outside as well as inside the University, the aim being not only to give investigators a place of record for their researches, but also to further in every possible way the interests of economic study throughout the country. The Journal will aim to lay more stress than existing journals upon articles dealing with practical economic questions. The editors will welcome articles from writers of all shades of economic opinion reserving only the privilege of deciding as to merit and timeliness.

Longer investigations, translations of important books needed for American students, reprints of scarce works, and collections of materials will appear in bound volumes in a series of Economic Studies of the University of Chicago. Announcement of works already in preparation will be made at an early date.

 

LIBRARIES.

In the suite of class-rooms occupied by the department will be found the Economic Library. Its selection has been made with great care, in order to furnish not only the books needed for the work of instruction in the various courses, but especially collections of materials for the study of economic problems. It is believed that ample provision has thus been made for the work of serious research. The work of the students will necessarily be largely carried on in this Library.

Arrangements have been made with other libraries in the city for supplementing the Economic Library of the University on a large and generous scale. The combined library facilities of Chicago are exceptional. The Public Library, maintained by a large city tax; the Newberry Library, under the supervision of W. F. Poole, with a fund of several millions of dollars; and other possibilities, will enable the student to obtain any books he may need in the prosecution of detailed investigation. In the near future, it is confidently believed, the supply of reference books for students in the libraries of Chicago will be greater than anywhere else in this country; and graduate students will have exceptional opportunities for specialized research.

The officers of the department will cheerfully answer any inquiries from institutions looking for suitable teachers of Political Economy.

Inquiries and applications of students should be addressed to

THE EXAMINER,
The University of Chicago,
Chicago.

 

Source:  The University of Chicago: programme of courses in political economy, 1892-1893. Chicago, IL : University of Chicago Press, 1892.

Image Source: University of Chicago yearbook, Cap and Gown , 1900 , p. 19.

Categories
Columbia Rochester

Columbia. Economics PhD Alumnus, Meyer Jacobstein, 1907

 

Today in our continuing historical series “Get to know an economics Ph.D.”, we meet Meyer Jacobstein (1880-1963), a Columbia University Ph.D. (1907) who, before serving as a member of the U.S. House of Representatives (1923-1929), taught economics at the University of North Dakota and the University of Rochester.

Jacobstein’s disssertation was published by the Columbia Faculty of Political Science in its house journal:

Meyer Jacobstein. The Tobacco Industry in the United States. Studies in History, Economics and Public Law (Vol. XXVI, No. 3), 1907.

In his introduction Jacobstein thanks E.R.A. Seligman, H. R. Seager and H.L. Moore for criticism and suggestions.

______________

From: Columbia University Catalogue of Officers and Graduates

Meyer Jacobstein, A.B., 05; A. M., 05; Ph. D, 07; Asst. Prof. Univ. N. Dak. (University, N. Dak.)

Source:  Catalogue of Officers and Graduates of Columbia University from the Foundation of King’s college in 1754.(XVI edition, 1916), p. 200.

______________

From: Biographical Director of the U.S. Congress

JACOBSTEIN, Meyer, a Representative from New York; born in New York City, January 25, 1880; moved with his parents to Rochester, N.Y., in 1882; attended the public schools and the University of Rochester, Rochester, N.Y.; was graduated from Columbia University, New York City, in 1904; pursued postgraduate courses at the same university in economics and political science; special agent in the Bureau of Corporations, Department of Commerce, Washington, D.C., in 1907; assistant professor of economics, University of North Dakota at Grand Forks 1909-1913; professor of economics in the University of Rochester 1913-1918; was a director in emergency employment management at the University of Rochester under the auspices of the War Industry Board 1916-1918; elected as a Democrat to the Sixty-eighth, Sixty-ninth, and Seventieth Congresses (March 4, 1923-March 3, 1929); was not a candidate for renomination in 1928; delegate to the Democratic National Conventions in 1924 and 1932; declined the nomination of mayor of Rochester, N.Y., in 1925; engaged in banking in Rochester, N.Y., 1929-1936; in 1936 became chairman of the board of the Rochester Business Institute; member of the Brookings Institution staff 1939-1946; economic counsel in the legislative reference service of the Library of Congress from 1947 until his retirement May 31, 1952; resided in Rochester, N.Y., until his death there on April 18, 1963; interment in Mount Hope Cemetery.

Source: Biographical Directory of the United States Congress.

______________

Obituary

Dr. Meyer Jacobstein, Noted Economist and Educator, Dies in Rochester
(Apr. 21, 1963)

Funeral services were held here for Dr. Meyer Jacobstein, former member of the U.S. Congress, college professor and publisher of the Rochester Journal-American, who died last Thursday at the age of 83.

Born in New York, Dr. Jacobstein spent most of his life in Rochester. He was elected in 1922 to Congress on the Democratic ticket, and was the second Democratic representative from the 38th Congressional District since the Civil War. He was reelected twice but chose not to run in 1928. He was assistant professor of economics in the University of North Dakota from 1909 until 1913. In 1913 he joined the faculty of the University of Rochester as professor of economics.

Dr. Jacobstein was publisher of The Journal American here, from 1924 until the newspaper suspended in 1937. He then became a research consultant for the Brookings Institute in Washington. In 1944, he was director of a Senate special committee on postwar economic policy and planning. He retired from public life in 1957, after completing a one-year study of Rochester employment at the request of Governor Averell Harriman. He is survived by his widow, Lena (Lipsky), two daughters and eight grandchildren.

Source: Jewish Telegraphic Agency, April 22, 1963.

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Image Source: Campaign button from U.S. Congress, History of the House websiteMeyer Jacobstein in Wikipedia.

Categories
Funny Business M.I.T.

M.I.T. Economics Christmas skit with basketball theme, 1961

 

Spoiler alert: you are about to encounter one of the least funny economics skits in the history of the genre, so this artifact is regrettably low on entertainment value.  Still the six acts have a certain seven-acts-of-man structure: Act I (the department recruits), Act II ( advising the first-year student), Act III (graduate student complaints), Act IV (choosing guest speakers), Act V (general examinations), Act VI (job market). 

After reading the skit, you might need a palate cleansing or better: for that purpose here are a few links to the key word “Funny Business” at Economics in the Rear-view Mirror that take you to some of the greatest hits of economics skits.

____________________

ANOTHER TWO POINTS FOR THE FACULTY,
ANOTHER FOUL ON THE STUDENTS

A Christmas Drama (with suggestions for a cast), December 15, 1961

ACT I

(The curtain rises on a scene of [Edgar Cary] Brown, [Franklin Marvin] Fisher, [Charles Poor] Kindleberger and [Abraham J.] Siegel seated around a table reading applications.

SIEGEL: Here’s a guy who may be OK…No…the place is no good. A cow college. They average only 50 points a game.

BROWN:  Here’s a good one.

FISHER: What’s his record?

BROWN: Pretty darn good. Worth at least tuition plus $500. Maybe $750.

FISHER: What’s his record?

BROWN: Pretty darn good. He’s from Podunk. And they’re pretty good. He was the best they had.

FISHER: How did he score, for crying out loud?

BROWN: He’s six-feet-five, weighs 195 pounds, and fast; he averaged 23.7 points a game. He has a great set shot, never misses from the foul line, and superb off the backboard. He’s just what we need in Graduate Economics at M.I.T.

 

ACT II

(An office: Siegel is advising a student.)

SIEGEL: For the first year I would take pretty standard fare: theory, history, statistics, finance, and international, plus of course the workshop. There’s no use trying to take too much. Pace yourself.

STUDENT (perhaps [Stephen Herbert] Hymer?): I don’t have much math. Why do I need to take statistics?

SIEGEL: Ando is very good. He doesn’t always make things completely clear, but you have to take statistics if you want to be able to handle averages, to work out the point per game and point per shot records; and you need probability to help compute odds on all the league games. Statistics is a must.

STUDENT: Why the history, finance and international?

SIEGEL: International is important. You ought to know how to schedule the Harlem Globetrotters, and who has the best chance in the Olympics. One of our best graduates played on the Oxford team against Poland and Czechoslovakia. That was Chuck Cooper, and it got him a job as Walter Heller’s assistant at the Council. Finance is important. When the gamblers start bribing players you need to know how to invest the funds. And history is vital. On the general exams they always ask who was James Naismith, the man who invented basketball. That’s for every student. The good students they ask when it was invented…of course 1891. And the very best students they ask where…past, Springfield, Mass. Remember, it’s not Springfield, Illinois. That’s Abe Lincoln.

STUDENT: OK. But tell me about the last one.

SIEGEL: Theory isn’t much. [Paul Anthony] Samuelson teaches about how to make inputs for two points, and when to dribble.

STUDENT: Samuelson teaches drivel?

 

ACT III

(A group of students, griping.)

STUDENT 1 (Francis Michel Bator?): This place is no good. It’s theory, theory, theory all the way. Anyone knows that the way to win at basketball is to practice. Practice makes perfect. Theory makes perfect fools. All you do is study and take exams. “Who was James Naismith? Who was Adam Yea-Smith? When do you chop down the tree?” Bah! I say we ought to study policy. With a two-point lead and three minutes to go, should you freeze the ball or plop in an input for an output of two points?

STUDENT 2 ([Paul Narcyz] Rosenstein-Rodan?): They tell me [Robert Merton] Solow has been converted from theory to policy. He is no longer interested in questions like whether the best set shot is an inverted rectangular parabola, but real issues, like the queuing problem: how many substitutes does a team need to field five men for an hour, with one personal foul every six minutes and four personal fouls per man disqualifying. If you have too many players on the bench you get unemployment. The team needs growth. Maybe you ought to add a man and play six.

STUDENT 3 ([Robert] Evans?): What’s bad is to have to play far away from the Sloan building. Those workshops on top on Walker and over in the Armory are OK, but they are too far away. We need the Ford Foundation to give us a workshop right here.

STUDENT 1: Haven’t you heard? The talk is that the new building to go up in the back lot is a library. But as I see its dimensions unfold- 90 feet by 50 – and transparent backboards and netting and grandstands, I can’t believe it’s a library. It must be a basketball court.

 

ACT IV

(A meeting of the G.E.A.)

RALPH BULL (played by [Robert Lyle] Bishop?): Do any of you fellows have suggestions for speakers besides Cousy, Russell, Jungle Jim Lusketoff, and that 6.8 outstanding economist, [John Kenneth] Galbraith, who can stand with his head coming up through the basket?

STUDENT B: What about Milton Friedman? He is under the five feet which some say is the minimum allowable in a monetary theorist, but he sure is good at the far-fetched shot.

STUDENT B: Why not get Clifford Odets?

RALPH BULL: Clifford Odets? Why him?

STUDENT B: Don’t you remember the famous line in “Awake and Sing”? “My brother Sam joined the Navy. He don’t know from nothin’, that dumb basketball player.” I want to know whether the emphasis is “that dumb basketball player” or “the [sic] dumb basketball player”. Are there any smart basketball players?

 

ACT V

KINDLEBERGER: As chairman of this exam, let me tell you that you have the right to pick the order of your exam. Do you want to start with Theory, or Statistics?

STUDENT (Samuelson?): I think I’ll start by jumping against Fisher, your professorship, sir. Ando’s the smaller, so I’ll take him last when I’m tired.

KINDLEBERGER: All right. (Student and Fisher face each other. Kindleberger blows whistle and throws imaginary ball. Cheers of amazement from faculty.)

FISHER: Very well. I have decided to let you combine Theory and Economic History.

STUDENT: Hey, Ref, your Ph.D.ship, sir, I’m not responsible for History. Isn’t that a foul?

KINDLEBERGER: I didn’t see nuthin’.

FISHER: Consider the population explosion of the last 150 years. Discuss the relative roles of (a) men and (b) women in this affair.

ANDO [Albert Keinosuke] : Good shot. That’s two points for our side.

STUDENT: I don’t know that, your cap-and-gownship, sir, but I know the roles are neither reflexive, symmetric, or transitive.

KINDLEBERGER: (blows whistle) Foul. You used big words in a generals. That’s only permitted the faculty.

FISHER: I’ll give Albert my free throw.

ANDO: (taking the foul shot) Please discuss the role of the nearly decomposable take-off in the application of a priori oligopoly theory to the A&P case.

STUDENT: Hey! You guys are ganging up on me.

ANDO: Well, you outnumber us in class.

STUDENT: (driving hard for basket) It can be set up as a nine-dimensional matrix problem and the latent roots dispensed with. I think the take-off is fine if done along the turnpike, watching out for model changes in passing cars.

ANDO: Fantastic! (Faculty huddle.)

KINDLEBERGER: That was a good answer. We’ve decided to give you an Excellent minus for being a good scorer, but to ask you to leave the Institute for fouling out on personals.

KINDLEBERGER, ANDO, FISHER: Rah, team!

 

ACT VI

DOMAR [Evsey David]: Well, you have the degree wrapped up, and now want a job. Not bad. You got a good grade on the orals, and would have gotten a top grade if you hadn’t thought that Stilt Chamberlain played for the Celtics and failed to distinguish Slippery Sam Jones from Casey Jones. Your thesis was entirely satisfactory, on a good topic: How to Get to the Boston Garden from Madison Square Garden: An Application of the Turnpike Theorem. And you even did languages: basketball communication in the Ivy League, or basketball with a broad A. Now the job. What do you think? Big Ten? Ivy League? Small liberal arts? Girls’ rules like Wellesley or Vassar? Or maybe the real big time: Kentucky, Long Island University, St. Joseph’s in Brooklyn, Notre Dame. L.I.U. is to economics like M.I.T. was to economics.

STUDENT (perhaps [Max Franklin] Millikan?): I don’t now if I’m ready for the Big Time.

DOMAR: What about applying some of your basketballmetrics for the government? They need our graduates. Or for an oil company. Maybe you would like to take a ball and a whistle and go abroad, demonstrating technical assistance to underdeveloped countries. There are jobs like that.

STUDENT: No. I guess I’m fussy. What I’d like is just what all the gang would like, to stay here at Cambridge with Harvard and the Celtics, and to referee like you and [Robert Lyle] Bishop and Samuelson, always blowing off your whistle and shouting foul, going first class to conferences, and shouting foul, foul, foul at the students.

 

Source:  M.I.T. Archives. MIT Department of Economics records, Box 2, Folder “GEA 1961-67”.

Image Source:  Boston Celtics players Tom Heinsohn, Bill Russell, Bob Cousy, Bill Sharman and Frank Ramsey in 1960. “Twelve of the greatest Celtics players of all time”  from Boston.com website (March 18, 2018)