Categories
Exam Questions Harvard Undergraduate

Harvard. Undergraduate courses taken by John F. Kennedy, Class of 1940

 

In an earlier post Economics in the Rear-view Mirror presented James Laurence Laughlin’s recollection of Theodore Roosevelt’s economics education at Harvard.

This post moves us forward to the graduate of the Class of 1940, John Fitzgerald Kennedy, who it took the standard two term principles of economics followed by three semester courses in economics at Harvard. The future president was a concentrator in the government department which accounted for much more of his studies.

We begin with a complete list of the courses taken by Kennedy that is probably not untypical for your average government major except for maybe the junior semester abroad to England where his father, Joseph P. Kennedy, Sr., happened to be serving as the U.S. Ambassador to the United Kingdom.

As it turns out, material for three of the courses taken by Kennedy have already been transcribed and posted.

Economics A. Principles of Economics (1936-37).
Economics 11bEconomics of Socialism (2nd term, 1940).
Economics 62bIndustrial Organization and Control (2nd term, 1940).

To help complete the picture this post adds the final examination for Kennedy’s junior year course Economics 61a, The Corporation and its Regulation. The reading list for this course used in the following year (Kennedy’s senior year, 1939-40) has been transcribed and posted earlier.

Fun fact: Nobel prize economist and economic adviser to JFK, Professor James Tobin of Yale was a fellow student in the Principles of Economics course taken by Kennedy. Plot spoiler: Tobin got an A in Economics A.

____________________________

Undergraduate Courses Taken by John Fitzgerald Kennedy
Class of 1940

Note: Second term senior year courses are listed without a final grade because final examination were waived for the history, government, and economics division honors examination

JOHN FITZGERALD KENNEDY
S.B. cum laude June 20, 1940
Field of Concentration Government

Freshman year (1936-37)

English A. Rhetoric and English Composition, Oral and Written. (Not Required)

English 1. History and Development of English Literature in Outline. Professor Munn. (C)

Economics A. Principles of Economics. Professor Burbank. (B)

History 1. European History from the Fall of the Roman Empire to the Present Time. Professor Merriman. (C)

French F. Introduction to France. Professor Morize. (C)

Sophomore year (1937-38)

English F1. Public Speaking. Asst. Professor Packard. (C)

Fine Arts 1e. Interpretation of Selected Works of Art: an Introduction to Art History. Professor Koehler. (C)

Government 1. Modern Government. Professors Holcombe and Elliott. (C)

History 32a1. Continental Europe; 1815-1871. Professor Langer. (D)

History 32b2. Continental Europe; 1871-1914. Professor Langer. (C)

Government 302. New Factors in International Relations: Asia. Asst. Professor Hopper. (B)

Junior year (1938-39)

Economics 61a1. The Corporation and its Regulation. Professor Mason. (C)

English A-11. English Composition. Messrs. Davis, Gordan, Bailey and McCreary. (B)

Government 7a1. The National Government of the United States: Politics. Professor Holcombe. (B)

Government 9a1. State Government in the United States. Professor Hanford. (B)

Government 181. New Factors in International Relations: Europe. Associate Professor Hopper. (B)

History 551. History of Russia. Asst. Professor Karpovich. (B)

Second Term Leave of absence (England)

Senior year (1939-40)

Economics 11b2. Economics of Socialism. Dr. P. M. Sweezy.

Economics 62b2. Industrial Organization and Control. Professor Mason.

Government 3a1. Principles of Politics. Professor Elliott. (B)

Government 4. Elements of International Law. Associate Professor P. S. Wild. (B)

Government 22. Theses for Honors. Members of the Department. (B)

Government 8a1. Comparative Politics: Bureaucracy, Constitutional Government and Dictatorship. Professor Friedrich. (B)

Government 10a2. Government of the British Commonwealth of Nations. Professor Elliott.

Government 281. Modern Imperialism. Associate Professor Emerson. (B)

Source: John F. Kennedy Academic Record at Harvard.  John F. Kennedy Personal Papers, 1917-1963, Harvard University Files, 1917-1963/Academic Records 1939-1940; John F. Kennedy Harvard Course Transcript. John F. Kennedy Personal Papers, 1917-1963, Harvard University Files, 1917-1963/Course listing.

____________________________

The Corporation and its Regulation
First Semester 1938-39

Course Enrollment

[Economics] 61a 1hf. Professor Mason and Dr. P. M. Sweezy. — The Corporation and its Regulation.

Total 209: 2 Graduates, 57 Seniors, 110 Juniors, 29 Sophomores, 1 Freshman, 10 Others.

Source: Harvard University. Report of the President of Harvard College, 1938-39, p. 98.

Reading Period Assignment
January 5-18, 1939

Economics 61a: Read one of the following

  1. Larcom, R. C., The Delaware Corporation.
  2. Flynn, Security Speculation.
  3. Lowenthal, The Investor Pays.
  4. Gordon, Lincoln, The Public Corporation in Great Britain, omit pp. 156-244.

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003. Box 2. Folder “Economics,1938-1939”, Reading Period, p.3.

Final Examination (Mid-Year)

1938-39
HARVARD UNIVERSITY
ECONOMICS 61a1

PART I

Write a critical review of your reading period work (about one hour).

PART II
Answer two questions.

  1. Discuss the influence of depreciation policies in the determination of net income.
  2. In corporate reorganizations what considerations determine the priority of claims on the assets of the reorganized company?
  3. “The large corporation is a bureaucracy of much the same type as a government agency. As such it faces all the management problems faced by bureaucracy.” Discuss.

PART III
Answer two questions.

  1. “The only people who gain from the stock market are brokers and speculators. Corporations, investors and underwriters would be better off if there were no stock market.” Analyse this statement with respect to each class of person or institution named.
  2. Discuss the direction and significance of present trends in the ownership of securities in the United States.
  3. Write on either the Securities Act of 1933 or the Securities Exchange Act of 1934. Describe the main problems with which the act in question is intended to deal, any previous efforts to solve these problems, and how the act proposes to solve them.

Source: Harvard University Archives. Mid-Year Examinations, 1852-1943. Box 13. Bound volume “Mid-Year Examinations 1939”.

Image Source: Harvard Class Album 1940.

Categories
Economists Harvard

Harvard. On Francis Bowen’s Professorial Settee. Eliot, 1898

The picture above is merely one example of an early 19th century American settee (a.k.a. a “love seat”, i.e., a chair for more than one person) that I have posted for visitors who, like the curator of Economics in the Rear-view Mirror, might have had no image in mind of what a settee actually looks like.

Harvard President Charles William Eliot was amused by this felicitous metaphor used by Dr. Oliver Wendell Holmes, Sr. to describe the breadth of his own professorial chair that covered the subjects of histology and pathology.

Eliot became president of Harvard in 1869 and saw the inherent problem in tasking a single professor with instruction in disparate disciplines. Alford Professor Francis Bowen, whose courses covered logic, metaphysics, ethics, and political economy, was Eliot’s poster-child for the lack of specialization resulting from spanning academic disciplines. Eliot appears to have been quite proud in the development of the department of Economics at Harvard that began with its first full-time professor of political economy, Charles Franklin Dunbar in 1871.

To be fair to Bowen, I thought it only right to first post a list of his book/pamphlet length publications to show that Eliot’s problem with Bowen was not so much one of Bowen being an unproductive scholar (in the bean-counting sense) but that economics apparently only accounted for a small share of Bowen’s scholarly attention. But in any event, Dunbar was definitely a big step up for Political Economy at Harvard.

__________________________

Books and articles
by Francis Bowen

1842. Critical Essays on a few Subjects connected with the History and Present Condition of Speculative Philosophy.

1849. Lowell Lectures on the Application of Metaphysical and Ethical Science to the Evidences of Religion.

1850. The War of Races in Hungary [The first of two controversial articles regarding Hungary led to Harvard’s Board of Overseers not approving appointment of Bowen to the McLean professor of history. From The North American Review (January, pp. 78-136; April, pp. 473-520.]

1851. The Rebellion of the Slavonic, Wallachian, and German Hungarians against the Magyars [The second of Bowen’s articles on Hungary to displease the Harvard Board of Overseers. From The North American Review (January, pp. 205-249).]

1854. Documents of the Constitution of England and America from Magna Charta to the Federal Constitution of 1789Compiled and edited, with notes by Francis Bowen.

1855. The Principles of Metaphysical and Ethical Science: Applied to the Evidences of Religion.

1856. The Principles of Political Economy Applied to the Condition, the Resources, and the Institutions of the American People.

1864. A Treatise on Logic or, The Laws of Pure Thought; Comprising both the Aristotelic and Hamiltonian Analyses of Logical Forms and Some Chapters of Applied Logic.

1865. The Metaphysics of Sir William Hamilton, Collected, Arranged, and Abridged for the Use of Colleges and Private Students.

1870. American Political Economy: Including Strictures on the Management of the Currency and the Finances since 1861.

1877. Modern Philosophy from Descartes to Schopenhauer and Hartmann.

1880. Gleanings From a Literary Life.

1885. A Layman’s Study of the English Bible considered in its Literary and Secular Aspect.

Links to many other articles written by Francis Bowen at Gonçalo L. Fonseca’s History of Economic Thought website.

__________________________

From President Eliot’s remarks at the 11th annual dinner of the Harvard Club of Fall River, Massachusetts

…I know most of you keep the warmest spot in your hearts for the college. Let me point out what has happened there. When I went back, I found one man, Professor Bowen, occupying the chair of political economy, philosophy and civil polity, and, as Dr. Holmes said, that “chair” should have been called a “settee.” Now there are four full professors of political economy, four in philosophy, with five or six instructors and as many assistants in each subject. That’s the change. Professor Bowen was not productive except of one book, naively called “American Political Economy”. All the professors of political economy are now productive. They belong to the advanced lines. Two have recently rendered important services to country and State, in the matters of currency and taxation….

Source: Fall River Evening News (Massachusetts), February 24, 1898.

__________________________

Oh, that Dr. Holmes

…Dr. Oliver Wendell Holmes was professor of anatomy and physiology in Harvard University down to 1871; and he really taught, in addition to these two immense subjects, portions of histology and pathology. He described himself as occupying, not a chair, but a settee. The professorship in Harvard University which was successively occupied by George Ticknor, Henry Wadsworth Longfellow, and James Russell Lowell is the Smith professorship of the French and Spanish languages and literatures. In many American colleges we find to-day the same professor teaching logic, metaphysics, ethics, and political economy. Indeed, this was the case in Harvard College down to 1871, except that moral philosophy and Christian ethics were detached from the Alford professorship from and after 1860. The specialization of instruction is by no means completed in American colleges….

Source: Charles William Eliot’s “The Unity of Educational Reform” before the American Institute of Instruction at Bethlehem, New Hampshire, July 11, 1894 in his Educational Reform: Essays and Addresses (1898). pp. 330-1.

Image Source: Settee from Salem, Massachusetts, ca. 1820. From the (sold) inventory at the Thistlethwaite Americana website.

Categories
Dartmouth Undergraduate

Dartmouth. 19th century instruction in History, Law, Politics, & Political Economy. Colby, 1796-1896.

 

 

Throughout the nineteenth century political economy taught in American colleges was just one ingredient in a hearty moral philosophical stew served to students. Economics as its own course in a social scientific menu appears relatively late in the century.

I stumbled upon an article in the Boston Evening Transcript (January 13, 1897, p. 9) that reported on a pamphlet written by Dartmouth professor James Fairbanks Colby on the history of Dartmouth instruction on constitutional law, politics, and political economy. I found the pamphlet at the hathitrust.org archive and it was interesting enough for me to prepare this post with links to all the course text books that Colby mentioned. 

Fun fact (if true): “William and Mary appears to have led by prescribing the use of Adam Smith’s Wealth of Nations as early as 1807. Most of the other Colleges followed within a few years of each other: Harvard in 1820; Yale in 1824; Columbia in 1827; Dartmouth in 1828; Princeton in 1830; Williams in 1835.” Nonetheless, the text book of choice for much of the 19th century was the English translation of Say’s Political Economy.

————————————————-

Biography

James Fairbanks Colby was born November 18, 1850, in St. Johnsbury, Vermont, the son of James K. and Sarah (Pierce) Colby. After graduating from St. Johnsbury Academy. Colby attended Dartmouth College, graduating in 1872. He received his AM from Yale in 1877 and his LL. B. from George Washington University in 1875. Colby died in Hanover, New Hampshire, October 21, 1939.

Colby was an instructor of economics and history at the Sheffield Scientific School at Yale University from 1879 until 1881 and taught international law at Yale Law School from 1883 until 1885. At Dartmouth College he was an instructor of history from 1885 until 1893, a professor of political economics from 1885 until 1898, and Joel Parker professor of law and political science from 1885 until 1916. He also taught constitutional and international law at Amos Tuck School of Business Administration from 1900 until 1908, and lectured in jurisprudence and international law at Boston University Law School from 1905 until 1922.

In 1902, he was a delegate to the New Hampshire Constitutional Convention; he compiled and edited the Manual of the Constitution of the State of New Hampshire, 1902, as well as the revised 2nd edition in 1912. Never a candidate for public office himself, Colby exerted influence on political reform and the Progressive Movement in New Hampshire.

Source: Dartmouth Library, Archives & Manuscripts. Colby, James Fairbanks, 1850-1939

————————————————-

LEGAL AND POLITICAL STUDIES IN DARTMOUTH COLLEGE, 1796-1896.

by James Fairbanks Colby,
Parker Professor of Law and Political Science

Hanover, N.H.: The Dartmouth Press, 1896.

         The studies of Law and Government have been pursued at Dartmouth for one hundred years. Meager records and their vague language leave it doubtful whether any American college except William and Mary, Philadelphia (University of Pennsylvania), and Princeton made earlier and continuous offer of instruction in both these branches. Since their first introduction into its curriculum, Dartmouth has given both these studies constant recognition in all its plans for a liberal education. This was made possible by the broad purpose of its Founder; it became practicable through the wise resolves of its Trustees and the liberal benefaction of one of its most distinguished graduates, Chief Justice Joel Parker.

         The royal charter of the College of 1769 created a corporation empowered to give instruction in “all liberal arts and sciences.” Despite this ample grant no positive evidence has been found that regular instruction was offered by the College in the particular sciences of Law and Government during the first twenty-five years after its foundation. The reasons for this delay are not hard to find. They were the original mission of Wheelock to Christianize the Indians, the scanty resources at his disposal, and the traditional limitation of the curriculum of his Alma Mater — Yale — to the Sacred and Classical Languages, Mathematics and Divinity. But the location of the College on the frontier and the stirring events which followed its founding, the Revolution, the framing of new constitutions, State and Federal, the long struggle over the New Hampshire Grants, and the rise of American political parties, aroused liveliest interest in Law and Government throughout all the region where dwelt the natural constituency of the new College, and made increasing demand upon it for legal and political training.

         Evidence of effort to satisfy this demand may be found in the first formal curriculum of the College, which was adopted by its trustees in 1796. This, under the head of “Public and Classical Exercises,” enumerates among the subjects of study for Juniors “Natural and Moral Philosophy,” and among those for Seniors “Natural and Politic Law.” Since Moral Philosophy, as then defined, treated of the State — the subject matter of Political Science — the first formal curriculum of the College appears to have included both the studies of Law and Government. Neither search in the official records of the College, nor wide gleaning among the biographies and letters of graduates of that period, yields much information about the conduct of these courses from 1796 to 1822. Instruction in Natural and Politic Law apparently fell with the general care of the Senior class to the President, and so was given by John Wheelock from 1796 to 1815, by Francis Brown from 1815 to 1820, and by Daniel Dana from 1820 to 1821. The instruction in Moral Philosophy (including Political Philosophy) apparently was assigned with the general care of the Junior class to Rev. John Smith, Professor of the Latin and Greek Languages from 1796 to 1804, and to Rev. Roswell Shurtleff, Phillips Professor of Divinity,1 from 1804 to 1823. Probably the earliest text books in each of these subjects were those known to have been in use in 18162. These were the two famous works, Burlamaqui’s Principles of Natural and Politic Law, first published in Geneva in 1747 and republished in Boston as early as 1793, and Paley’s Moral and Political Philosophy, first published in England in 1785 and republished in Boston as early as 1795. The sixth book of Paley is devoted to what is now called Political Science — the State, its origin, forms of government, civil liberty, and the administration of justice. Both these books were then coming into use in America and the former was prescribed as a text in the College as late as 1828, and the latter as late as 1838.

*  *  *  *  *  *  *  *  *  *  *

1 In 1796 it was voted by the trustees “that it be the duty of the Professor of Divinity to teach Theology, to preach and instruct the students in Logic and Moral Philosophy.” This chair was not filled till 1804.

2 “Documents relating to Dartmouth College, published by order of the Legislature of 1816,” page 32. The included report shows the amendments made to the curriculum from 1796 to 1816.

*  *  *  *  *  *  *  *  *  *  *

       Before 1810 a marked tendency among Dartmouth graduates toward the profession of law was noticeable. The records showed that the proportion of graduates entering that profession was increasing from decade to decade. The proportion of lawyers to graduates, which from 1770 to 1780 had been only 4½% per cent., increased from 1780 to 1790 to 17½% per cent., from 1790 to 1800 to 36 1/3% per cent., and from 1800 to 1810 to 46¼% per cent. Before this time attempts had been made by the University of Pennsylvania, William and Mary, Columbia, Princetown [sic], and Yale, all founded before Dartmouth, to promote good citizenship by academic training in law, but such instruction apparently had not been continuous in all these Colleges. The need of other legal training for the bar than that which could be had in the office of active practitioners was coming to be more and more felt, but the only law school then existing in New England was the famous Litchfield (Conn.) Law School, which was founded in 1784 and enrolled 1024 students before it was closed in 1823.

         Under these circumstances the Trustees of Dartmouth College deemed it wise to plan for the establishment of a collegiate professorship of law, as is shown by the following extract from the records of their meeting3 held Jan. 7, 1808:

         “Whereas, An establishment of professorships in different branches of education at universities facilitates improvement; and as a more general acquaintance with the important science of law would be greatly conducive to the welfare and prosperity of the citizens of our country; and as in promoting that end the establishment of a professorship of Law at this university is highly desirable; Therefore,

            Resolved, Unanimously that this board will proceed to establish a professorship of Law and appoint a suitable person to the office so soon as adequate means shall be furnished. And as all, the present funds are necessarily applied to other objects of education the liberal and patriotic are earnestly solicited to favor and promote by their munificence the early accomplishment of this design.

            Voted, that the secretary be requested to cause a suitable number of subscription papers to be printed for the purpose of aiding the object contemplated in the foregoing resolution.” Trustees‘ Records, vol. 1, p. 321.

*  *  *  *  *  *  *  *  *  *  *

3 Those present at this meeting were President Wheelock, Rev. Eden Burroughs, Rev. J. Smith, Hon. Peter Olcott, John A. Freeman, Nathaniel Niles, John S. Gilman, S. W. Thompson, Stephen Jacobs, Timothy Farrar Elijah Paine. Five of these trustees were eminent lawyers in their own generation in Northern New England.

*  *  *  *  *  *  *  *  *  *  *

         It does not appear whether the Secretary prepared subscription papers nor whether the aid of the liberal and patriotic was solicited, but the serious dissensions which arose in the Board of Trustees the following year and which were to issue in 1819 in the cause célèbre, indefinitely postponed the establishment of the proposed professorship. The spread of these dissensions from 1809 to 1815 and the controversy between the College and the State which filled the years from 1815 to 1819 prevented any enlargement of the courses in Law and Government until 1822.

         The circumstances of that controversy and especially the forensic triumph of Webster as the filial champion of the “small College” before the Supreme Court of the United States in 1819 seem to have awakened fresh interest in the study of American Constitutional Law and to have been the immediate occasion of its addition to the curriculum. There is no authentic record at least of such a course before 1822. The catalogue of that year, the first published by the College, enumerates among the studies for Juniors Moral and Political Philosophy, (Paley), and for Seniors Natural and Politic Law (Burlamaqui), Moral and Political Philosophy (Paley), the Federalist. No change in these three courses was made till 1828, but the appointment in 1823 of Daniel Oliver (Harvard, 1809) as Professor of Moral and Intellectual Philosophy probably made him the instructor in Political Philosophy for the next five years.

         In 1828 Prof. Roswell Shurtleff (D. C., 1799) was transferred to the newly established chair of Moral Philosophy and Political Economy, and the Trustees having voted, “that the Senior class be instructed in Say’s Political Economy so far as can be by leaving out Burlamaqui,” his Natural and Politic Law disappeared from the curriculum.

         The establishment of this chair and the almost simultaneous introduction of the study of Political Economy by other American Colleges is noteworthy.4 Probably this was due to the industrial revolution which the inventions of Arkwright, Hargreaves and Fulton had wrought, the expansion of commerce which followed the close of the Napoleonic wars, and the rise of new political issues in the United States — the tariff, the bank, slavery, and internal improvements. The addition of Political Economy to the curriculum of Dartmouth as well as other Colleges undoubtedly was facilitated by the appearance as early as 1821 of an American edition of Say’s Political Economy which presented the subject in clear, orderly and attractive form.

*  *  *  *  *  *  *  *  *  *  *

4 William and Mary appears to have led by prescribing the use of Adam Smith’s Wealth of Nations as early as 1807. Most of the other Colleges followed within a few years of each other: Harvard in 1820; Yale in 1824; Columbia in 1827; Dartmouth in 1828; Princeton in 1830; Williams in 1835.

*  *  *  *  *  *  *  *  *  *  *

         The three courses prescribed in 1828 in Political Economy, Moral and Political Philosophy (transferred from Senior to Junior year in 1833), and the Federalist, underwent no modification until the resignation of Professor Shurtleff in 1838. Throughout his long service Prof. Shurtleff was a popular and respected instructor. The marginal notes in his own handwriting in his copies of Paley and the Federalist reveal his acuteness, skill in argument and abounding humor.

         His successor, though the name of the chair was changed to that of Intellectual Philosophy and Political Economy, was Professor Charles B. Haddock (D. C., 1816). He continued the three courses previously described during his term of office and extended the instruction. In 1838 he substituted Wayland’s Moral Philosophy [Elements of Moral Science, 1835] for Paley’s, and in 1842 added a course in Kent’s Commentaries, Vol. 1, for Seniors in the second term. In 1845-6 this course, probably to enable students to work by themselves to advantage during the long winter vacation, was opened to Juniors as well as Seniors. In the catalogue of 1851-2 Story on the Constitution [1833: Volume 1; Volume 2; Volume 3], open to Juniors and Seniors, took the place of Kent’s Commentaries, Vol. 1, which probably had been used continuously since 1842, though it is not named in the catalogues of 1846-7, 1848-9. In 1852-3 the study of Guizot’s Lectures on Civilization was added to the courses previously prescribed for Seniors. In 1854 Prof. Haddock, who three years earlier had accepted the position of Charge d’ Affaires of the United States at the court of Lisbon, resigned his chair. A nephew of Daniel Webster, Prof. Haddock resembled his distinguished relative in graceful diction, luminous statement and, capacity for logical argument. These qualities, though best displayed in his brief service in the New Hampshire Legislature and his public addresses, made his class room instruction memorable and the tradition of its large value is uniform.

         His successor was Rev. Clement Long (D. C., 1828), who had served as Lecturer on Intellectual and Moral Philosophy since 1851. The courses in Law, Government and Economics when he assumed his chair were the four previously named: Political Economy, (Say), History (Guizot), Constitutional Law (Story [1833: Volume 1; Volume 2; Volume 3],), open to both Seniors and Juniors — and the Federalist. No change was made by him in these courses during his term of office, except that in 1860-61 Story on the Constitution was withdrawn and Woolsey’s International Law was offered to Juniors though it does not appear during the years immediately following. Prof. Long, like all the other incumbents of this chair, occasionally supplemented the prescribed textbooks by formal lectures. Two of his are the only ones that an extended search has discovered. One is entitled “The Justice and Expendiency of Laws Regulating Trade.” The other treats of “The Importance of the Study of Human Nature in Relation to Politics,” and discusses first, the actual interest of Americans in politics; second, urgent reasons why their political opinions should be correct; third, the certainty that there must be somewhere a basis of fact for some political theories; fourth, some principles in human nature which a political theorist should recognize, and fifth, certain errors which have sprung from a disregard of these principles. Prof. Long was a trained logician who had a scrupulous regard for facts and unusual power to stimulate thought. His professional training led him to give large place to the ethical aspect of whatever subject he taught, and his success as a teacher of Political Science and Economics and his moulding power upon his students was marked.

         Upon the death of Prof. Long in 1861 he was succeeded by Prof. Samuel Gilman Brown (D. C., 1831). During his occupancy of this chair the three courses in Political Economy (Say), History (Guizot), and the Federalist were offered in each year, and in addition the following: in 1862 Lieber’s Civil Liberty and Self Government; in 1864 May’s Constitutional History of England [1878: Volume 1; Volume 2 ; Volume 3]; in 1865 Pomeroy’s Municipal Law. Prof. Brown resigned in 1867. Widely known to American lawyers as the graceful biographer of Rufus Choate, Prof. Brown in the class room emphasized the historical phase of his work and impressed all who came under his instruction by his varied culture, exact thought, and judicial temper.

         His successor was Prof. Daniel J. Noyes (D. C., 1838), during whose term the instruction in Law and Government was greatly strengthened. He substituted Pomeroy’s Constitutional Law for the Federalist which had been used continuously in the class room at least since 1822, and Bowen’s National Economy and later Perry’s Political Economy for Say’s which had been used by successive classes since 1828. In 1867-8 International Law was offered to Juniors for whom it continued to be prescribed till 1876 when it became a Senior study.

From 1869 to 1875 Joel Parker (D.C. 1811), Chief Justice of New Hampshire from 1838 to 1848, and Royall Professor of Law in the Harvard Law School from 1847 to 1868, Trustee of the College from 1843 to 1860, annually delivered a course of lectures on law before its officers and students. Unfortunately only three of these lectures, those delivered in 1869, were published. These may be found in the volume entitled Addresses of Joel Parker, under the titles of: 1, “The Three Powers of Government;” 2, “The Origin of the United States and the Status of the Southern States on the Suppression of the Rebellion;” 3, “The Three Dangers of the Republic.” These were clear, logical and masterly discussions of some of the questions in American Constitutional Law which were then agitating the public mind. The events of the recent Rebellion which suggested these subjects, the clear and interesting exposition of the National Theory of the Constitution by Pomeroy in the class room by Professor Noyes, and the legal acumen and powerful logic with which that theory as applied by the party then dominant in the government was criticised in the lecture room by Judge Parker, gave special interest during this period to the course in Constitutional Law.

         In 1871 Benjamin Labaree (D. C., 1828), ex-President of Middlebury College, was added to the faculty as special Lecturer on International Law, and continued to instruct Juniors in this subject until his retirement in 1876, when it was transferred to the Senior year. His lectures, with illustrations drawn from our recent diplomatic history, worthily supplemented those just described on Constitutional Law.

         In 1883 Professor Noyes resigned. Of him no discriminating pupil could say less than that he had “the beauty of accuracy in his understanding and the beauty of righteousness in his character.” In the class-room he always showed thorough command of the material of his text books and constantly “aimed to secure the thorough mastery of these, as being for most students the best preparation for broad and thorough supplementary study of other authors, and other aspects of each subject.”

         During the two following years the regular courses in Political Economy, in Constitutional Law, and in International Law were conducted by Samuel G. Brown, Professor of Intellectual Philosophy and Political Economy, 1863–7 and ex-President of Hamilton College, and Henry A. Folsom, Esq., (D.C., 1871), a member of the Suffolk Bar of Massachusetts.

         In 1882 the study of American Political History was added to the curriculum for Seniors, and during the collegiate years 1882-5, there being no chair of history, instruction in this subject was generously given by Charles F. Richardson, Winkley Professor of the English Language and Literature. The manual used as a basis in this course was Johnston’s American Politics.

         In 1885 a legacy to the College from Chief Justice Parker, whose death occurred ten years earlier, became available for the establishment of such a collegiate professorship of law as had been planned by the Trustees in 1808. This distinguished jurist, whose many and unrequited services to his Alma Mater were not limited to or measured by his faithful discharge of the duties of Trustee and Lecturer on Law during a whole generation, intended to found a Law Department in Dartmouth College. The inadequacy of the realized endowment for that purpose and the difficulties that were anticipated in the attempt to conduct an additional law school in New England, apart from any populous center and remote from courts, led the Trustees, when duly authorized thereto, in 1885, to apply this legacy to the establishment of the Joel Parker Professorship of Law and Political Science. In the same year the present incumbent of this chair was elected and also was made Instructor in History. The courses offered under his tuition during the next ten years, 1885-95 (except when transferred to his colleagues as below specified), included the following:

  1. Constitutional Law (Required for Seniors). Text, Cooley’s Principles of Constitutional Law.
  2. Elementary Law (Elective for Seniors). Text, Hadley’s Roman Law and Markby’s Elements of Law, or Holland’s Jurisprudence.
  3. International Law (Elective for Seniors). Text, Woolsey’s or Davis’ International Law.
  4. Elementary Political Economy (Required for Seniors). Text, Walker’s Political Economy. This course was transfered to the Professor of Social Science in 1893.
  5. Advanced Political Economy (Elective for Seniors). An historical and critical study of some present economic problems, such as Taxation, Tariff History of the United States Banking, Bimetallism. Among the texts used in different years were Cossa’s Principles and Methods of Taxation, Taussig’s Tariff History of the United States, Dunbar’s Theory and History of Banking, Hadley’s Railroad Transportation, and the Annual Reports of the Secretary of the Treasury and the Comptroller of the Currency. This course was introduced in 1888 and a part of its work was transferred to the Professor of Social Science in 1893.
  6. Advanced Political Economy (Elective for Seniors). Economic History. Lectures with use of Rand’s Economic History since 1763 and Wells’ (D. A.) Recent Economic Changes. This course was introduced in 1888 and was transferred to the Professor of Social Science in 1893.
  7. Mediaeval and Modern History (Required for Sophomores). Text, Freeman’s General Sketch of European History or Myers’ Mediaeval and Modern History. In 1888 this course was transferred to Librarian Marvin D. Bisbee to give place to course 9 below described.
  8. American Political History (Elective for Seniors), Lectures on the Physical Geography of the United States, the Planting of the English Colonies, the Formation of the Union, and a study of the period 1783-1860. Manuals used were Fiske’s Critical Period of American History, Johnston’s American Politics. This course was transferred to the Professor of History in 1893, though taught during that year by Prof. D. Collin Wells.
  9. English Constitutional History (Elective for Seniors), Texts, Taswell-Langmead’s or May’s Constitutional History of England [1878: Volume 1; Volume 2 ; Volume 3].

         During these years, 1885–95, while many new electives were being added to the curriculum the number of students pursuing the studies above described is shown in the following table:

Class

Constitutional Law
(Required)
Elementary Law (Elective) International Law (Elective) American Political History (Elective) English Constitutional History (Elective) Elementary Economics (Required) Advanced Economics (Required) Economic History (Elective)

1886

55 17 47 45 55
1887 63 9 26 38 63

1888

48 23 24 30 48 10
1889 52 8 21 27 8 52 4

7

1890

53 12 25 38 8 53 23 4
1891 46 21 29 43 4 46 25

20

1892

55 13 20 43 11 55 31 24
1893 56 18 20 42 18 56 26

9

1894 65 18 7 15 13 65 33

15

         In 1893 a notable enlargement and marked improvement in the work of the College was made possible by the establishment of chairs of Social Science and of History. The resulting division of the labor of the Parker Professor of Law and Political Science, the addition of numerous courses5 in Social Science and History, and the mutual helpfulness of each of these departments whose subject matters are interdependent, have united to give Dartmouth exceptional means among smaller colleges for the pursuit of those studies which directly promote good citizenship.

*  *  *  *  *  *  *  *  *  *  *

5 See “Study of Sociology at Dartmouth,” by Prof. D. C. Wells, in The Dartmouth, June 14, 1895, and “Teaching of History at Dartmouth,” by Prof. H. D. Foster in The Dartmouth, May 22, 1896.

*  *  *  *  *  *  *  *  *  *  *

         In Law and Political Science the courses offered during the current year, 1895–96, the object proposed and the method used are as follows:

  1. American Constitutional Law (Prescribed for Seniors, First Term). This course is designed to give students a knowledge of the general principles of the Constitutional Law of the United States, both federal and statal. Such knowledge is exacted of all students because it is deemed essential to intelligent citizenship. The historical aspect of the subject is emphasized and particular attention is given to the origin and development of American political institutions, to the merits of written and unwritten constitutions, and to the immediate causes of the adoption of the federal constitution and to the most important parts of its text. The system of State and Federal courts is also described, frequent reference is made to reports, and students are urged to read leading cases and those of present practical interest. Recitations, supplemented by lectures and examination. Forty-two exercises, three hours weekly. (Cooley’s Principles of Constitutional Law).
  2. English Constitutional History and Law (Elective for Seniors, Second Term). This course is planned with special reference to the needs of students who expect to enter the profession of law. It traces the growth of English political and legal institutions from the earliest times to the present. Forty-eight exercises, four hours weekly. (Taswell-Langmead’s English Constitutional History, or Anson’s Law and Custom of the Constitution [1886: Part 1 Parliament ; 1896 Part 2 The Crown], with use of the Statutes of the Realm, and Select Charters).
  3. The State (Elements of Politics). (Elective for Seniors, Second Term). This course is historical as well as comparative and critical. It treats of the origin and development of the state, its forms, functions, and ends. It includes a brief study of the governments of Greece and Rome, the Teutonic (Mediaeval) Polity, and comparison of the present constitutions of England, France, Germany and the United States. Recitations and lectures. Twenty-four exercises, two hours weekly. Manual, Wilson’s The State.
  4. Elementary Law. (Elective for Seniors, Third Term), This course is intended for students who expect to enter the profession of law, and is planned to give a general view of the whole field of the law and an introduction to its terminology and its fundamental ideas. It consists of (a) an historical survey of the Roman Law and of the English Common Law and (b) a critical examination of the fundamental ideas in both these systems of law. Recitations and lectures with reports on assigned topics in the history of law. Forty exercises, four hours weekly. Texts, Hadley’s Introduction to Roman Law, Markby’s Elements of Law.
  5. International Law. (Elective for Seniors, Third Term). This course is historical and explanatory of present international relations. It treats of the origin and development of the rules that generally govern the intercourse of modern civilized states, the most important European treaties since 1648, and some subjects of recent interest in American Diplomacy such as the Northeast Fisheries, Asylum on American Merchant Vessels in Foreign Waters, Jurisdiction over Behring Sea, Recognition of Cuban Belligerency. Lectures and readings. Twenty exercises, two hours weekly. Manual, Lawrence’s Principles of International Law.
  6. Graduate Course. This is an extension of courses 1, 2, 3 and 4. The work includes American Constitutional History, 1789-1865, English Constitutional History, 1760-1870, the History of the Common Law, and Comparative Constitutional Law.

         In all these six courses the method of instruction is a combination of recitation upon text book and of lectures. The proportionate use of each varies both with the subject matter and with the class or division and its adjudged requirements; but in all cases a text-book with set lessons, followed by examination, both oral and written, is prescribed as a basis for the class or division work.

         In 1894, through the liberality of Gardiner G. Hubbard, Esq., (D. C. 1841), a Lectureship on United States History during and since the Civil War was established which has been filled for the past three years by ex-Senator Henry L. Dawes. His large ability, long experience in both branches of Congress and ripe judgment have made these lectures authoritative expositions of constitutional law, economic policy and recent political history, and greatly strengthened the regular work of the College. The subjects of these lectures were as follows:

In 1894: The Dual Character of Our Government; The Respective Powers of the Legislative, Executive, and Judicial Branches of the Government; The Executive Department; The Battle Before the War; The Reconstruction and Rehabilitation of the Seceding States; The History of Tariff Legislation.

In 1895: The Amendments of the Constitution, Their History and Character; The Origin and Basis of Nullification and Secession; The History and Character of Our Territorial Acquisitions; The Presidency in Court (Impeachment and Counting the Electoral Vote); Thaddeus Stevens and His Leadership in the War and Reconstruction; The United States and the Indian.

In 1896: Politics in Appointments; The Constitution and Interstate Commerce; Inter-Oceanic Commerce; The History and Scope of the Monroe Doctrine; England During and After Our Civil War; Fifty Years of Development and Expansion in a Written Constitution.

         No account of instruction in Law and Economics in Dartmouth College would be complete which failed to mention the work which has been done in its Associated Institutions. In the Chandler Scientific School at different times between 1853 and its closer union with the College in 1893, brief elective courses were offered in Municipal, Constitutional and International Law, and Political Economy. Instruction in these subjects commonly was given by the same person who taught them in the College, but in Municipal Law, from 1883–6, by Henry A. Folsom, Esq., and in Political Economy from 1884–92 by Charles P. Chase (D. C. 1869), the present Treasurer of the College.

         In the Medical School lectures on Medical Jurisprudence were given as early as 1838 and a professorship of Medical Jurisprudence was established as early as 1847. This chair has been held in succession by three eminent graduates of the College whose contributions to legal literature and whose services as teachers of law have added to their high reputation, Chief Justice Joel Parker, Chief Justice Isaac F. Redfield and Prof. John Ordronaux.

         The Law Library of the College numbers by recent count 2700 volumes, made up of statutes, histories of law, treatises, English and American reports, and numerous works on Roman Civil Law. A large part of the treatises and reports were received from Chief Justice Parker. The more recent additions are due to the liberality of some of the Alumni of New York. There is need of constant though small additions to this library for which there is no permanent fund.

         Such have been the civic studies offered by Dartmouth for one hundred years. With what measure of success they have been taught by the different instructors named must be judged by the Historian of the College. But it is permissible, so plain is the record, for any one to affirm that all of them, Shurtleff, Haddock, Long, Brown, and Noyes, and the special Lecturers have been faithful to their high trust of training American youth for good citizenship. This implies, since Dartmouth has constantly insisted that all candidates for its degrees should have some knowledge of Political Science and the fundamental laws of their country, that none of its graduates have gone forth wholly unprepared for the intelligent discharge of their duties as citizens. The circumstance that a large proportion of these graduates have entered the profession of law and the subordinate place commonly given to the topics of Political Science, Public and International Law in Law Offices and Law Schools also have contributed to make these collegiate instructors important though silent forces in the Commonwealth. The extent of the influence of a college upon public affairs is not susceptible of exact statement, but an unmistakable sign that that of Dartmouth has been large is found not only in the number of its distinguished graduates whose names are part of our legal and political history, among whom are Webster, Choate, Chase, Parker, and Redfield, but also in the marked tendency of its graduates toward the profession of law. This tendency, challenging attention in the early years of the century and continuing to its close, is shown in the following table compiled from the General Catalogue:

Years

Total Graduates Lawyers Per cent
1771-1780 89 4

4 ½

1780-1790

165 29 17 ½+
1790-1800 363 132

36 1/3 +

1800-1810

337 156 46 ¼ +
1810-1820 400 109

27 ½ +

1820-1830

335 101 30 +
1830-1840 388 104

26 ¾

1840-1850

588 163 27 ¾ +
1850-1860 565 178

31 ½ +

1860-1870

495 143 29 –
1870-1880 616 184

30 –

1880-1890

538 130 24 +
4879 1433

29 +

         Whatever Dartmouth College has been able to accomplish during the long period under review by the offer of political, legal, and economic studies in promoting good citizenship and in contributing to the broad training of lawyers has been due in no small degree to two causes. One is the strong character of the youth who have formed its constituency and who have come to its portals mainly from New England where township government already had awakened their political instincts and made them unusually receptive of the ideas of political philosophers and eager for a practical knowledge of law. The other is the wise refusal of its Founder to prescribe any such test of political orthodoxy for its teachers as was set up by Jefferson in the University of Virginia or Wharton in the School of Finance and Economy in the University of Pennsylvania, and its trustful commission to them to teach untrammelled and without regard to sect or party what they believed to be the truth.

Source: James Fairbanks Colby, Legal and Political Studies in Dartmouth College, 1796-1896.

Categories
Economics Programs Harvard

Harvard. Fin de siècle look at the economics department. 1896

The department of political economy at Harvard University was not even two decades old when a Boston newspaper printed the following report about the expansion in economics course offerings that took place between the single prescribed course taught seniors by Francis (a.k.a. Fanny) Bowen in 1849-50 to the twenty or so courses taught in 1896.

_________________________

1896 Newspaper Report

HARVARD UNIVERSITY.

Development of the Department of Economies and the Large Increase in the Number of Students Electing the Study.

The interests aroused during the progress of the recent campaign undoubtedly account to some extent for the unusually large number of men here electing work this year in the department of economics. This increase has been already noted. Courses in finance which have never before numbered above twenty or thirty men have more than doubled, while the course known as economics 1, which last year opened with 370 men, now has 510. [In the President’s Report for 1896-1897 the final number enrolled in Economics 1 was reported as 464] The number of men electing economics 1 has increased from year to year, and now practically every undergraduate takes the course at some time or other during his college career. If he intends to specialise in economics he takes the course usually in his sophomore year; if he does not so intend, he may take it in his junior or senior year.

Within the department of economics are grouped together, with courses purely economic in character, others more properly sociological, political and financial. Those in social ethics are included in the department of philosophy, while those which deal with the forms of government and with the development of social institutions are given in the department of history and government. Within these several departments are minor groups of courses devoted to pretty well-defined lines of social inquiry, and so special and interdependent as to suggest the formation of new departments. The double title of the department of history and government indicates the extent to which the process of bifurcation has gone here, and the lines of separation are unmistakably forming within the department of economics.

A glance at some of the earlier catalogues reveals curious groupings of courses. Professor Francis Bowen, McLean professor of ancient and modern history and instructor in political economy, conducted as early as the year 1849-50 a course in political science, which was prescribed for seniors. In it Professor Bowen used as reference books John Stuart Mill’s “Political Economy,” [1848 ed., Volume I, Volume II] a book which is still used as a basis for the lectures given in the introductory course in economics; and Story’s “Commentaries on the Constitution.” After Professor Bowen was created Alford professor of natural religion, moral philosophy and civil polity he continued to give the only instruction in economics which the university offered at that time, and his course in philosophy came eventually to embrace a much wider range of topics than those indicated above, and was extended through the entire year. He lectured upon political economy and upon the English and American constitutions, and upon such a wide range of other topics, moral, ethical and metaphysical, that the ground covered by this single course is now apportioned among four departments.

With some modifications from year to year Professor Bowen continued his instruction along these lines, down through the period of the civil war, to the year 1871, when a professor of political economy was appointed. [It is interesting that the name of Charles F. Dunbar is not mentioned here, perhaps he wrote this article? Possibly Taussig?] In the year following two courses were offered under the heading “Political Science,” Mill’s “Political Economy” [1871, seventh edition. Volume I, Volume II] being reintroduced and used along with Bowen’s “Political Economy” and Adam Smith’s “Wealth of Nations,” [e.g., 1869, Rogers’ edition. Volume I,Volume II] as a basis for discussion and criticism.

These courses were soon after absorbed in the department of philosophy, where they continued to be offered until the year 1879-80, when the department of political economy was established. Development since, that date has been characterised by a gradual increase in the number of courses, from three in 1880 to the nineteen or twenty courses and half-courses that are now given. The department in the year 1886 began the publication of the Quarterly Journal of Economics, which was the first journal devoted exclusively to the advancement of economic theory that was ever printed in English.

Among the more advanced courses are two devoted to the study of economic history[,] two to the history of economic theory, one to the scope and method of economics, three to subjects distinctly sociological — the principles of sociology, socialism and communism, and the labor question in Europe and America — another to the theory and methods of statistics, and a number of half courses devoted to special subjects in taxation, finance, international payments, tariff legislation, railway transportation and the like.

Another significant step was taken in 1891-92 in the organisation of the Economic Seminary, the importance of which can hardly be overestimated. Prior to the establishment of the seminary there had been no systematic provision made for the conduct of graduate work. Graduate students in the department who were working up their doctor’s theses did so under the guidance of the several instructors, but without any very satisfactory or clearly defined official status. All this has been changed and every provision is now made for graduate work. An advanced student may study entirely in connection with the seminary, and so he is freed from the necessity of registering in a certain number of courses where the work outlined is adapted to students less advanced. The Economic Seminary numbers at the present time some twenty-five men, each of whom is engaged in original work. The seminary meets once a week, and at each meeting some member reports upon the results of his investigations, receiving at the same time the criticism of his fellow students and of the instructors in the department.

Source: Boston Evening Transcript, December 16, 1896, p. 10.

Categories
Cornell Exam Questions Harvard Industrial Organization Labor

Harvard. Exams for labor economics and industrial organization. Durand, 1902

This post adds to the growing collection of transcribed course examinations from the Harvard economics department. The “labor question” and “problems of industrial organization” courses were taught during the second semester of 1901-1902 by a visiting instructor hired by the department, E. Dana Durand. In the Harvard Archive’s collection of course syllabi and reading lists I found a four page printed leaflet, “Systems of Agreements and Arbitration”, from Durand’s labor course. It is added to this post.

Archival Tip: 5 manuscript boxes for Edward Dana Durand (1885-1959) are found at the Herbert Hoover Presidential Library and Museum in West Branch, Iowa.

__________________________________

Backstory

Following the resignation of Edward Cummings in the summer of 1900, William Franklin Willoughby was hired for the year (1900-1901). The exams for Willoughby’s Economics 9 courses for 1900-01 have been transcribed earlier. 

William Franklin Willoughby, Instructor in Economics, resigned, effective September 1, 1901.

Source. Report of the President of Harvard College, 1900-1901, p. 290.

Temporarily taking the Cummings/Willoughby courses next was Edward Dana Durand who was appointed Instructor in Economics, December 2, 1901.

Source. Report of the President of Harvard College, 1901-1902, p. 319.

Durand was also appointed for the first term of 1902-1903.

Source. Report of the President of Harvard College, 1901-1902, p. 321.

Along with material for his first semester course taught 1902-03 on taxation, you will find some additional information about Durand’s life and career in this earlier post

__________________________________

Short Biography
from U.S. Census Bureau

Edward Dana Durand (Director, 1909-1913): Durand was born, in 1871, in Romeo, Michigan. When he was still a child, however, his parents moved to a homestead in South Dakota. Durand attended Yankton College for one year before transferring to Oberlin College. He received a Ph.D. from Cornell University in 1896. After receiving his doctorate, Durand moved between several government and academic positions until 1909, when he became deputy commissioner of corporations. Later that year, President Taft appointed him the new director of the census. He replaced Samuel North, who had left after repeated clashes with the secretary of commerce and labor, and took over the Census Bureau well into the planning process for the 1910 census.

Durand concentrated much of his energy on improving the preparation of census reports. He pioneered several lasting innovations in the presentation of data at the Census Bureau. For example, Durand introduced the publication of state-level reports and the early release in press releases of statistics for which there was the greatest demand (such as the total population of individual cities, states, and the United States population). These releases were be followed by bulletins, abstracts, and final reports with greater detail.

After leaving the Census Bureau in 1913, Durand eventually took a place on the U.S. Tariff Commission, where he served from 1935 until his retirement in 1952. He died in 1960.

Source: United States Census Bureau website. Webpage Directors 1909-1921.

__________________________________

Course Enrollment
for Economics 9

For Undergraduates and Graduates:—

[Economics] 9 2hf. Dr. Durand. — The Labor Question in Europe and the United States.

Total 116: 5 Graduates, 20 Seniors, 46 Juniors, 32 Sophomores, 1 Freshman, 12 Others.

Source: Harvard University. Report of the President of Harvard College, 1901-1902, p. 77.

__________________________________

Course Description
Economics 9

[Economics] 92 hf. The Labor Question in Europe and the United States. Half-course (second half-year). Tu., Th., Sat., at 10. Mr. [William Franklin] Willoughby.

Course 9 is chiefly concerned with problems growing out of the relations of labor and capital in the United States and European countries. There is careful study of the methods of industrial remuneration — the wages system, profit sharing, sliding scales and collective bargaining; of the various forms of coöperation; of labor organizations; of factory legislation and the legal status of laborers and labor organizations; of state and private efforts for the prevention and adjustment of industrial disputes; of employer’s liability and compulsory compensation acts; of the insurance of workingmen against accidents, sickness, old age, and invalidity; of provident institutions, such as savings banks, friendly societies and fraternal benefit orders; of the problem of the unemployed.

While the treatment will necessarily be descriptive to a considerable extent, the emphasis will be laid on the interpretation of the movements considered with a view to determining their causes and consequences, and the merits, defects, and possibilities of existing reform movements.

A systematic course of reading will be required, and topics will be assigned for special investigation.

The course is open not only to students who have taken Course 1, but to Juniors and Seniors who are taking Course 1

Source: Harvard University Archives. Official Register of Harvard University 1901-1902, Box 1. Bound volume: Univ. Pub. N.S. 16. History, etc. Faculty of Arts and Sciences, Division of History and Political Science comprising the Departments of History and Government and Economics (June 21, 1901), p. 40.

__________________________________

ECONOMICS 9
SYSTEMS OF AGREEMENTS AND ARBITRATION.

Agreements at present existing between the Stove Founders’ National Defense Association and the Iron Moulders’ Union of North America.

Conference, 1891. — Whereas there has heretofore existed a sentiment that the members of the Stove Founders’ National Defense Association and the members of the Iron Moulders’ Union of North America were necessary enemies, and in consequence a mutual dislike and distrust of each other and of their respective organizations has arisen, provoking and stimulating strife and ill-will, resulting in severe pecuniary loss to both parties; now this conference is held for the purpose of cultivating a more intimate knowledge of each other’s persons, methods, aims, and objects, believing that thereby friendly regard and respect may be engendered, and such agreements reached as will dispel all inimical sentiments, prevent further strife, and promote the material and moral interests of all parties concerned.

Clause 1, conference 1891.Resolved, That this meeting adopt the principle of arbitration in the settlement of any dispute between the members of the I. M. U. of N. A. and the members of the S. F. N. D. A.

Clause 2, conference 1891. — That a conference committee be formed, consisting of six members, three of whom shall be stove moulders appointed by the Iron Moulders’ Union of North America and three persons appointed by the S. F. N. D. A., all to hold their offices from May 1 to April 30 of each year.

Clause 3, conference 1891. — Whenever there is a dispute between a member of the S. F. N. D. A. and the moulders in his employ (when a majority of the latter are members of the I. M. U.), and it can not be settled amicably between them, it shall be referred to the presidents of the two associations before named, who shall themselves or by delegates give it due consideration. If they can not decide it satisfactorily to themselves, they may, by mutual agreement, summon the conference committee, to whom the dispute shall be referred, and whose decision by a majority vote shall be final and binding upon each party for the term of twelve months.

Pending adjudication by the presidents and conference committee, neither party to the dispute shall discontinue operations, but shall proceed with business in the ordinary manner. In case of a vacancy in the committee of conference it shall be filled by the association originally nominating. No vote shall be taken except by a full committee or by an even number of each party.

Clause 4, conference 1892. — Apprentices should be given every opportunity to learn all the details in the trade thoroughly, and should be required to serve four years. Any apprentice leaving his employer before the termination of his apprenticeship should not be permitted to work in any foundry under the jurisdiction of the I. M. U. of N. A., but should be required to return to his employer. An apprentice should not be admitted to membership in the I. M. U. of N. A until he has served his apprenticeship and is competent to command the average wages. Each apprentice in the last year of his apprenticeship should be given a floor between two journeymen moulders, and they, with the foreman, should pay special attention to his mechanical education in all classes of work.

Clause 5, conference 1892. — The general rate of moulders’ wages should be established for each year without change.

Clause 6, conference 1892. — When the members of the Defense Association shall desire a general reduction in the rate of wages or the Iron Moulders’ Union an advance, they shall each give the other notice at least thirty days before the end of each year, which shall commence on the first day of April. If no such notice be given, the rate of wages current during the year shall be the rate in force for the succeeding year.

Clause 7, conference 1892. — The present established price of work in any shop should be the basis for the determination of the price of new work of similar character and grade.

Clause 8, conference 1892. — Any existing inequality in present prices of molding in a foundry or between two or more foundries should be adjusted as soon as practicable upon the basis set forth in the foregoing paragraphs, by mutual agreement or by the decision of the adjustment committee provided by the conference of March, 1891.

Clause 9, conference 1896. — Firms composing the membership of the S. F. N. D. A. should furnish in their respective foundries a book containing the piece prices for moulding, the same to be placed in the hands of a responsible person.

Clause 10, conference 1896. — New work should always be priced within a reasonable time, and under ordinary circumstances two weeks is considered a reasonable time, and such prices, when decided upon, should be paid from the date the work was put in the sand.

Clause 11, conference 1896. — The members of the S. F. N. D. A. shall furnish to their molders: Shovels, riddles, rammers, brushes, facing bags, and strike-off; provided, however, that they charge actual cost of tools so furnished, and collect for the same, adopting some method of identification; and when a moulder abandons the shop, or requires a new tool in place of one so furnished, he shall, upon the return of the old tools, be allowed the full price charged, without deducting for ordinary wear; any damage beyond ordinary wear to be deducted from amount to be refunded.

Clause 12, conference 1896. — When there is a bad heat, causing dull iron, the foreman’s attention shall be called to it, and payment shall be made for work that is lost from this cause only when poured by foreman’s order, or person next in authority.

If sufficient iron is not furnished the moulder to pour off his work, and such work has to remain over, he shall be paid for such work remaining over at one half the regular price.

These rules shall apply excepting in case of break down of machinery or other unavoidable accident, when no allowance shall be made.

Clause 13, conference 1898. — Whenever a difficulty arises between a member of the S. F. N. D. A. (whose foundry does not come under the provisions of clause 3, 1891 conference) and the moulders employed by him, and said difficulty can not be amicably settled between the member and his employees, it shall be submitted for adjudication to the presidents of the two organizations, or their representatives, without prejudice to the employees presenting said grievance.

Clause 14, conference 1898. — In pricing moulding on new stoves, when there are no comparative stoves made in the shop, the prices shall be based upon competitive stores made in the district, thorough comparison and proper consideration being given to the merits of the work according to labor involved.

Form of agreement adopted and recommended by the National Association of Builders to secure the establishment of arbitration committees, with plan of organization of the same, for the use of associations of employers and associations of workmen in all branches of the building trade.

Agreement.

For the purpose of establishing a method of peacefully settling all questions of mutual concern [name of organization of employers] and [name of organization of employees] severally and jointly agree that no such question shall be conclusively acted upon by either body independently, but shall be referred for settlement to a joint committee, which committee shall consist of an equal number of representatives from each association; and also agree that all such questions shall be settled by our own trade, without intervention of any other trade whatsoever.

The parties hereto agree to abide by the findings of this committee on all matters of mutual concern referred to it by either party. It is understood and agreed by both parties that in no event shall strikes and lockouts be permitted, but all differences shall be submitted to the joint committee, and work shall proceed without stoppage or embarrassment.

The parties hereto also agree that they will incorporate with their respective constitutions and by-laws such clauses as will make recognition of this joint agreement a part of the organic law of their respective associations. The joint committee above referred to is hereby created and established, and the following rules adopted for its guidance:—

Organization or joint and rules for its government.

  1. This committee shall consist of not less than six members, equally divided between the associations represented, and an umpire, to be chosen by the committee at their annual meeting, and as the first item of their business after organization. This umpire must be neither a journeyman craftsman nor an employer of journey-men. He shall preside at meetings of the committee when necessary.
  2. The members of this committee shall be elected annually by their respective associations at their regular meetings for the election of officers.
  3. The duty of this committee shall be to consider such matters of mutual interest and concern to the employers and the workmen as may be regularly referred to it by either of the parties to this agreement, transmitting its conclusions thereon to each association for its government.
  4. A regular annual meeting of the committee shall be held during the month of January, at which meeting the special business shall be the establishment of “working rules” for the ensuing year; these rules to guide and govern employers and workmen, and to comprehend such particulars as rate or wages per hour, number of hours to he worked, payment for overtime, payment for Sunday work, government of apprentices, and similar questions of joint concern.
  5. Special meetings shall be held when either of the parties hereto desire to submit any question to the committee for settlement.
  6. For the proper conduct of business, a chairman shall be chosen at each meeting, but he shall preside only for the meeting at which he is so chosen. The duty of the chairman shall be that usually incumbent on a presiding officer.
  7. A clerk shall be chosen at the annual meeting to serve during the year. His duty shall be to call all regular meetings, and to call special meetings when officially requested so to do by either body party hereto. He shall keep true and accurate record of the meetings, transmit all findings to the association interested, and attend to the usual duties of the office.
  8. A majority vote shall decide all questions. In case of the absence of any member, the president of the association by which he was appointed shall have the right to vote for him. The umpire shall have casting vote in case of tie.

Clauses to be incorporated with by-laws of parties to joint agreement.

A. All members of this association do by virtue of their membership recognize and assent to the establishment of a joint committee of arbitration (under a regular form of agreement and governing rules), by and between this body and the ______, for the peaceful settlement of all matters of mutual concern to the two bodies and the members thereof.

B. This organization shall elect at its annual meeting ______ delegates to the said joint committee, of which the president of this association shall be one, officially notifying within three days thereafter the said ______ of the said action and of the names of the delegates elected.

C. The duty of the delegates thus elected shall be to attend all meetings the said joint committee, and they must be governed in this action by the rules jointly adopted by this association and the said ______.

D. No amendments shall be made to these special claims, A, B, C, and D, of these by-laws, except by concurrent vote of this association with the said ______, and only atter six months’ notice of proposal to so amend.

Rules for the Year 1900

Boston, February 8, 1900.

The Mason Builders’ Association of Boston and vicinity has, through the joint committee on arbitration, made the following agreement with Bricklayers’ Unions Nos. 3 and 27 of Boston and vicinity, as follows:—

  1. Hours of labor. — During the year not more than eight (8) hours’ labor shall be required in the limits of the day, except it be as overtime, with payment of same as provided for.
  2. Working hours. — The working hours shall be from 8 A.M. to 12 M. (one hour for dinner during February, March, April, May, June, July, August, September, and October). During November, December, and January it shall be optional with the men on jobs whether they work half hour at noon and quit at 4.30 p.m.
  3. Night gangs. — Eight hours shall constitute a night’s labor. When two gangs are employed, working hours to be from 8 p.m. to 12 m. and from 1 a.m. to 5 a.m. Where regular night gangs are employed, from 1 a.m. to 5 a.m. Sunday morning, the minimum rate shall be paid.
  4. Overtime. — Except in cases of emergency no work shall be done between the hours of 5 and 8 a.m. and 5 and 6 p.m. Overtime to be paid for as time and one half, except the hour between 5 and 6 p.m. which shall be paid for as double time, but this section as to double time is not to be taken advantage of to secure a practical operation of a 9-hour day.
  5. Holiday time. — Sundays, Fourth of July, Labor Day, and Christmas Day are to be considered as holidays, and work done on either of these days is to be paid for as double time.
  6. Wages. — The minimum rate of wages shall be forty-five (45) cents per hour.
  7. That the bricklayers shall be paid their wages on or before 5 p.m. on the regular pay day.
  8. If an employee is laid off on account of a lack of material, or for other causes, or is discharged, and if said employee demands his wages, intending to seek other employment, he shall receive his money.
  9. The business agent of the Bricklayers’ Union shall be allowed to visit all jobs during working hours to interview the steward of the job.
  10. In the opinion of the joint committee the best interests of the employing masons demand that all journeymen bricklayers shall belong to the Bricklayers’ Union. Therefore preference of employment shall be given to union bricklayers by the members of the Mason Builders’ Association.

Issued by order of the joint committee on arbitration.

John T. Healy, Secretary of Committee.

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003. Box 1. Folder “Economics, 1901-1902”.

__________________________________

ECONOMICS 9
Final Examination
(1902)

  1. Discuss the charge that labor organizations, by fixing a standard rate of wages, injure both the most efficient and the least efficient workmen.
  2. How far do labor organizations enforce restrictions upon the number of apprentices? Give fully one reason for and one against the justice of this policy of restriction.
  3. Describe fully but in general terms the more systematic process of collective bargaining, as practiced, for example, by the coal miners or the glass workers.
  4. Distinguish the two chief classes of boycotts. What do you think of their justice and legality, and why?
  5. What in a broad war has been the movement of nominal and real wages in the United States since 1870, and since 1890? Name three leading sources of information as to wage statistics.
  6. State briefly four causes which contribute to the evils of the “sweating system.” Discuss one thoroughly.
  7. Give briefly three arguments in favor of the eight hour day, and criticise one fully.
  8. Describe the existing legislation regarding child labor, in the United States and England.
  9. Has the employment of women in gainful occupations increased in the United States, or not, and why? Give three reasons why the wages of women average less than those of men.
  10. What is the doctrine of the common law in the United States regarding the liability of employers for injuries to employees by their fellow servants? What do you think of this doctrine, and why?
  11. Distinguish three main forms of coöperation. What degree of success has each attained in the United States, and England (statistics unnecessary)?
  12. State the leading arguments in favor of further restriction of immigration.

Source: Harvard University Archives. Harvard University, Examination Papers, 1873-1915. Box 6, Bound volume: Examination Papers, 1902-03. Papers Set for Final Examinations in History, Government, Economics, Philosophy, Education, Fine Arts, Architecture, Landscape Architecture, Music in Harvard College (June, 1902), pp. 28-29.

__________________________________

Course Enrollment
for Economics 9a

For Undergraduates and Graduates:—

[Economics] 9a 2hf. Dr. Durand. — Problems of Industrial Organization

Total 45: 5 Graduates, 19 Seniors, 12 Juniors, 7 Sophomores, 2 Others.

Source: Harvard University. Report of the President of Harvard College, 1901-1902, p. 77.

__________________________________

Course Description
Economics 9a

9a2 hf. Problems of Industrial Organization. Half-course (second half-year). Mon., Wed., Fri., at 9. Mr. [William Franklin] Willoughby.

This course will give a critical study of modern industry with special reference to the efficiency of production and the relations existing between employers and employees. The actual organization of industrial enterprises will first be considered. Under this head will be treated such subjects as corporations, the factory system, the concentration and integration of industry, and the trust problem in all its phases. Following this, or in connection with it, will be studied the effect of the modern organization of industry, and changes now taking place, upon efficiency of production, stability of employment, and industrial depressions. Careful attention will be given to the relations existing between employers and employees, and the functions of organizations of both classes. Finally will be considered the position of the individual under the present system, – his preparation for a trade through apprenticeship, technical education, or otherwise; his opportunities for advancement: his economic independence. Conditions in Europe as well as in the United States will be shown.

Topics will be assigned for special investigation, and the results of such inquiries will be considered in class.

This course is open to students who have taken Course 1, and it is desirable that they shall have taken Course 9 as well.

Source: Harvard University Archives. Official Register of Harvard University 1901-1902, Box 1. Bound volume: Univ. Pub. N.S. 16. History, etc. Faculty of Arts and Sciences, Division of History and Political Science comprising the Departments of History and Government and Economics (June 21, 1901), pp. 40-41.

__________________________________

ECONOMICS 9a
Final Examination
(1902)

  1. Discuss methods by which corporation stockholders may be defrauded by officers, directors, and other stockholders.
  2. What form and degree of publicity would you think desirable to require from great corporations, and why?
  3. Describe a typical case of the methods of promoting, capitalizing, and floating the securities of a modern industrial combination.
  4. Describe the trust form of combination and contrast it with two leading forms of combination in single corporations.
  5. Discuss the relation of the principle of increasing returns to monopoly, distinguishing between possible meanings of the phrase.
  6. Discuss economies from the integration of plants performing different processes into a single corporation. How far do such economies tend toward monopoly?
  7. Define four unfair advantages or unfair methods of competition which may strengthen a combination, and discuss one fully.
  8. What do you think of reduction of the tariff as a remedy for abuses by industrial combinations, and why?
  9. and 10. Discuss fully the character and scope of such Federal legislation regarding corporations and combinations as seems to you desirable.

Source: Harvard University Archives. Harvard University, Examination Papers, 1873-1915. Box 6, Bound volume: Examination Papers, 1902-03. Papers Set for Final Examinations in History, Government, Economics, Philosophy, Education, Fine Arts, Architecture, Landscape Architecture, Music in Harvard College (June, 1902), p. 29.

Image Source: E. Dana Durand. Library of Congress, Prints and Photographs Division. Washington, D.C. 20540.

Categories
Exam Questions Harvard Money and Banking

Harvard. Money, Banking, and International Payments. Exams. Andrew, Sprague, Meyer 1901-1902

 

 

The reading list for the first semester (4 pages) of the money, banking, and international payments course taught at Harvard in 1901-02 along with some biographical information for one of the instructors, Abram Piatt Andrew, has been posted earlier.

While I have not found a reading list for the second semester of the course, it is safe to assume that the enlarged second edition of  Dunbar’s Chapters on the Theory and History of Banking, edited by O.M.W. Sprague (1901) was assigned as the primary text. 

______________________________

Course Enrollment

For Undergraduates and Graduates:—

[Economics] 8. Drs. [Abram Piatt] Andrew [Jr.] and [Oliver Mitchell Wentworth] Sprague, and Mr. [Hugo Richard] Meyer. — Money, Banking and International Payments.

Total 78: 5 Graduates, 35 Seniors, 30 Juniors, 4 Sophomores, 4 Others.

Source: Harvard University. Report of the President of Harvard College, 1901-1902, p. 78.

______________________________

Course Description

  1. Money, Banking, and International Payments. Tu., Th., Sat., at 11. Drs. Andrew and Sprague, and Mr. Meyer.

The first part of the year will be devoted to a general survey of currency legislation, experience, and theory. The course will begin with a history of the precious metals, which will be connected, in so far as possible, with the history of prices, and with the historical development of theories as to the causes underlying the value of money. The course of monetary legislation in the principal countries will be followed, with especial attention to its relation to the bimetallic controversy; but the experiences of various countries with paper money will also be reviewed, and the influence of such issues upon wages, prices, and trade examined. Some attention, moreover, will be given in this connection to the non-monetary means of payment and to the large questions of monetary theory arising from their use.

The second part of the course will begin with an historical account of the development of banking. Existing legislation and practice in various countries will be analyzed and compared. The course of the money markets of New York, London, Paris, and Berlin will be followed during a series of months, and the various factors, such as stock exchange operations and foreign exchange payments, which bring about fluctuations in the demand for loans and the rate of discount upon them, will be considered. The relations of banks to commercial crises will also be analyzed, the crises of 1857 and 1893 being taken for detailed study.

The course will conclude with a discussion of the movement of goods, securities, and money, in the exchanges between nations and in the settlement of international demands. After a preliminary study of the general doctrine of international trade, it is proposed to make a close examination of some cases of payments on a great scale, and to trace the adjustments of imports and exports under temporary or abnormal financial conditions. Such examples as the payment of the indemnity by France to Germany after the war of 1870-71, the distribution of gold by the mining countries, and the movements of the foreign trade of the United States since 1879, will be used for the illustration of the general principles regulating exchanges and the distribution of money between nations.

Course 8 is open to students who have passed satisfactorily in Course 1. With the consent of the instructors, it may be taken by Seniors and Graduates as a half-course in either half-year.

Source: Harvard University Archives. Official Register of Harvard University 1901-1902, Box 1. Bound volume: Univ. Pub. N.S. 16. History, etc. Faculty of Arts and Sciences, Division of History and Political Science comprising the Departments of History and Government and Economics (June 21, 1901), pp. 42-43.

______________________________

Mid-year Examination, 1901-02
ECONOMICS 8

Arrange your answers strictly in the order of the questions.
Omit one question.

  1. Describe and illustrate with two examples (giving approximate dates): (a) the double standard, (b) the limping standard, (c) the parallel standard, (d) the single standard.
  2. Explain some of the different motives which in earlier centuries led to the debasement of the coins, and show the measure of their justification.
  3. Show how the levying of a seignorage will affect the value of money (a) if the owner of bullion is given back the same number of coins but of lighter weight, (b) if he receives fewer coins but of the same weight.
  4. During the entire century which preceded England’s adoption of gold as her single standard, less than one million pounds sterling of silver were issued from her mints, while in a period of less than a hundred years since then the silver coinage has amounted to fifty millions.
    How do you explain (a) the small amount of silver coined before its “demonetization”? (b) the larger amount coined subsequently?
  5. Before 1873 the United States had coined only about eight million silver dollars ($8,031,238) but since that year, which is often assumed to mark the beginning of demonetization, we have coined over five hundred millions ($522,795,065).
    Explain these two facts.
  6. “No experiment of bimetallism has ever been inaugurated under circumstances more favorable for its success… No fairer field for its trial could have been found.” Describe the conditions under which bimetallism was tried in the United States, and give your opinion of the passage quoted as a characterization of American monetary history.
  7. “Inasmuch as gold [before 1848] was more valuable in the market than at the French mint, relatively to silver, it was impossible that gold should circulate in France.”
    Is this a necessary conclusion?
  8. What does Darwin mean by the labor standard? By the commodity standard? Explain the merits claimed for each, and show the exemplification of the two standards in the history of the precious metals between 1873 and 1896.
  9. What were the reasons which induced Europe to abandon the free coinage of silver during the seventies (a) according to Laughlin? (b) according to Walker? (c) in your own opinion?
  10. State the factors that increased India’s power to purchase in the international markets in the period from 1850 to 1870, and explain what use India made of that increased power, together with the reasons for the use made.

Source:  Harvard University Archives. Mid-year examinations, 1852-1943. Box 6. Bound Volume: Examination Papers, Mid-years 1901-1902.

______________________________

Year-end Examination, 1901-02
ECONOMICS 8

  1. The strength or weakness of the United States in the so-called struggle for the world’s stock of gold.
  2. Applying Mill’s reasoning upon international trade to the situation in the United States, state what you would expect to be the course of prices of imports and exports in the years immediately following.
  3. Why is long exchange quoted at lower rates than sight exchange? If sight is $4.84 and long $4.80, what will be the effect (1) of a reduction of 1% in English rates for money? (2) of the increase of the price of eagles at the Bank of England?
  4. New York Bank Statement, May 31, 1902:—
Loans

$855.60

Increase

15.1

Deposits

$948.30

Increase

16.6

Reserve

$249.00

Increase

1.8

Complete the statement and explain the probable reasons for the increase of deposits and reserve.

  1. Comment on the following: —
    1. 3 per Mills against us.
    2. Bank statement based on falling averages.
    3. U.S. Bond account.
    4. National gold banks.
    5. Recepisse.
  2. Discuss the following:—
    1. The limitation of note issue to capital.
    2. The retirement of the legal tender notes as an essential part of any plan for an asset currency.
  3. Compare the safety fund and the free banking systems of New York.
  4. Regulations of the national banking system other than those of note issue.

Source: Harvard University Archives. Harvard University, Examination Papers, 1873-1915. Box 6, Bound volume: Examination Papers, 1902-03. Papers Set for Final Examinations in History, Government, Economics, Philosophy, Education, Fine Arts, Architecture, Landscape Architecture, Music in Harvard College (June, 1902), p. 28.

Image Sources:
Left to right: Andrew (Harvard Classbook 1906, p. 6), Sprague (Harvard Classbook 1912), Meyer, The Minneapolis Messenger, October 12, 1905, Page 4, from Wikipedia.