Tag: KingWV

 

In the previous post we met the 1896 Columbia University economics Ph.D., Henry C. Emery, who went on to become a professor at Yale. In preparing that post, I came across the Page Lecture Series for the senior class of the Sheffield Scientific School at Yale University and wondered who was the Sheffield alumnus who sponsored that series and so this post was born.

It appears that the series only ran from 1908-1916 with only the first eight rounds resulting in published volumes. 

The sponsor of the lecture series, Edward Day Page (1856-1918) was an 1875 graduate of the Sheffield Scientific School of Yale and a successful business man who closed down his dry goods commission partnership and retired from active business in 1911. Included below is an excerpt from an 1886 letter by Page to The Nation that provides a comparison between political economy taught at Yale and Harvard claiming the superiority of Harvard’s broader use of elective courses. This is followed by obituaries for his firm and him, respectively. Finally, we discover that his New Jersey estate was one of the list of places that have a legitimate claim to George Washington having had slept there.

Edward Day Page was a rare sort of business man (now an endangered species) who appears to have thought deeply about what constitutes ethical behavior in the conduct of business. 

__________________________

Page Lecture Series.
Addresses delivered before the Senior Class of the Sheffield Scientific School, Yale University.

“For some time prior to [1908] the authorities of the Sheffield Scientific School had been considering the possibility of a course of five lectures dealing with the question of right conduct in business matters, to be given to the members of the Senior Class toward the end of their college year. While these addresses were to be in a sense a prescribed study for members of the Senior Class, it was intended that the course should not be restricted to them but should be open to all members of the University who might desire to attend. Through the generosity of Mr. Edward D. Page, of New York City, a graduate of the Sheffield Scientific School in the Class of 1875, this course, now named for the founder, was established in the summer of 1907; and in the spring of 1908 the first lectures in the series were delivered…”

Source: Morals in Modern Business, addresses delivered in the Page lecture series, 1908, before the senior class of the Sheffield scientific school, Yale university. New Haven: Yale University Press, 1909. Publisher’s note, p. 5

 

Morals in Modern Business (1908 address, published 1909)

The Morals of Trade in the Making. Edward D. Page
Production. George W. Alger
Competition. Henry Holt
Credit and Banking. A. Barton Hepburn
Public Service. Edward W. Bemis
Corporate and Other Trusts. James McKeen

Every-day Ethics (1909 Lectures, published in 1910)

Journalism. Norman Hapgood
Accountancy. Joseph E. Sterrett
Lawyer and Client. John Brooks Leavitt
Transportation. Charles A. Prouty
Speculation. Henry C. Emery

Industry and Progress by Norman Hapgood (1910 Lectures, published in 1911).

Trade Morals: Their Origin, Growth and Province by Edward D. Page (1911 Lectures, published in  1914).

“This book is the outgrowth of a course of lectures delivered to the graduating class at the Sheffield Scientific School of Yale University in the spring of 1911. Their object was to show in some consecutive form the growth of trade morals from the social and mental conditions which form the environment of business men, and to illustrate their meaning and purpose in such a way as to clarify if not to solve some difficulties by which the men of our time are perplexed. The lecturer took for granted a basis of knowledge such as is possessed by undergraduate students of the natural and social sciences, and the effort was made to carry minds so prepared one step further along toward the interpretation of some of the problems with which they would soon be compelled to cope. Nearly all of them were shortly to come into contact with business — to engage in it, in fact — and he felt that it was important that they should make this start with some definite notion of the values and problems involved in the business side of their vocational career.

Politician, Party and People by Henry Crosby Emery (1912 Lectures, published in 1913)

Questions of Public Policy. (1913 Lectures, published in 1913)

The Character and Influence of Recent Immigration. Jeremiah W. Jenks
The Essential and the Unessential in Currency Legislation. A. Piatt Andrew
The Value of the Panama Canal to this Country. Emory R. Johnson
The Benefits and Evils of the Stock Exchange. Willard V. King.

Ethics in Service by William Howard Taft. (1914 Lectures, published in 1915).

Industrial Leadership by H. L. Gantt. (1915 Lectures, published 1916).

Character and Conduct in Business Life by Edward D. Page. (1916 Lectures)

__________________________

Harvard-Yale Comparison (1886)
by Edward D. Page

The second cause which has determined the progress of Harvard is the great extension of optional studies which has taken place under the administration of President Eliot. It is not my purpose to enter into any argument of the merits of the optional system. It has existed at Harvard for forty-five years, during the last fifteen of which it has had broad extensions and thorough trial. Facts speak for it. It is undeniably popular among both students and instructors. It has been denounced by Yale’s venerable triumvirate and their backers as wasteful and demoralizing. Yet they yielded so far to popular clamor, some five years since, as to formulate the system of limited election which now prevails in the two upper classes. If elective studies are good, why were they not adopted years ago? If, on the contrary, they are bad, why adopted at all?

The following table shows, for the college year 1885-86, the number of hours weekly which the student can devote to the studies of his own choice:

HOURS OF ELECTIVE STUDIES (PER WEEK).
	Yale.	Harvard.
Freshman Class	None	9
Sophomore Class	None	All
Junior Class	9	All
Senior Class	13	All

In this respect, then, Yale stood till five or six years ago just where she stood in the eighteenth century, and stands to-day almost exactly where Harvard stood in 1841. Of course the opportunities of choice are far greater at Yale to-day than they could be at any American college forty-five years ago: but they are still far inferior to the advantages which Cambridge now affords.

Subjoined is a table showing the courses given in the Academical Department of each university, and the number of hours of instruction offered weekly in each course:

	Yale.	Harvard.
Semitic Languages	1	17
Indo-Iranian Languages	4	12
Greek	13 ½	39 ½
Latin	17 ½	37 ½
Greek and Latin Philology, etc.	…	6
English and Rhetoric	10	24
German	15	20
French	18	26
Italian	6	10 ½
Spanish	6	10 ½
Philosophy and Ethics	11	25
Political Economy	4 ½	14
History	11 ½	24
Roman Law	1 ½	4 ½
Fine Arts	…	10 ½
Music	…	14
Mathematics	30 ½	42 ½
Physics	4	23 ½
Chemistry	2	24
Natural History	11	49 ½
International Law, etc.	1 ½	…
Linguistics	½	…
Hygiene	1	…
	170	434 ½

In other words, the Harvard undergraduate has the allurement and opportunity of over two and a half times the amount of instruction that is offered by Yale. In this respect the latter is somewhat behind where Harvard was in 1871, when 168 hours were offered in the elective courses alone.

Thoroughness of instruction is a more difficult factor to estimate, and one which I approach with great diffidence. I shall be contented with a table of comparison showing the courses given in political economy, which, in importance to the citizen, yields to no other science. At Harvard the instruction is given by a professor, an assistant professor, and an instructor. At Yale one man performs all these functions and is Professor of Social Science as well. The time occupied by each course is reduced to the number of hours per week annually offered:

YALE.		HARVARD.
Elementary course.	1 ½ hrs.	Elementary course.	3 hrs.
Longer elementary course	2 hrs.
		History of economic theory	3 hrs.
		Economical history of America and Europe	3 hrs.
		Tariff legislation	1 hr.
		Financial legislation	1 hr.
Discussion and investigation	1 hr.	Discussion and investigation	3 hrs.
		Independent research say	3 hrs.
For Seniors	4 ½ hrs.	For Sophomores, Juniors, and Seniors.	17 hrs.

From this it is apparent that something more is offered at Harvard than a merely superficial knowledge of a subject which few men have the time to pursue in after life. Yale now devotes scarcely more time to the subject than Harvard did in 1872.

It may be well to note in passing that while psychology is a required study for four terms at Yale, political economy is an optional study, which can be pursued at utmost for but two. It is difficult to discern the principle on which this discrimination is based, unless, indeed, that otherwise a smaller attendance would flatter the one course given by the President of the University!

Source: From Edward D. Page, “A Comparison” the Nation, 25 February 1886. A follow-up to his article “Two Decades of Yale and Harvard” 18 February, 1886.

__________________________

Edward Day Page’s Business Career

Old Dry Goods Firm to Quit
Faulkner, Page & Co., in Business 78 Years, to End with the Year.
The New York Times. 9 October 1911

Conformable to the wishes of the two senior partners, who are eager to retire, the dry goods commission firm of Faulkner, Page & Co., of 78 Worth Street and 80 Fifth Avenue, will go out of business at the end of the current year, after seventy-eight years of activity.

The business was founded in Boston in 1834, by Charles Faulkner, who had been a salesman for Thomas Tarbell, a dry goods jobber of Boston. Faulkner’s family operated several woolen mills, and he united the agency for these mills with the business of Mr. Tarbell, under the namerof Thomas Tarbell & Co.

In 1850 the name of the firm was changed to Faulkner, Kimball & Co., Thomas Tarbell retiring, and M. Day Kimball and Robert C. Billings being admitted. The importing end of the business was dropped at the outbreak of the civil war, and the house went more largely into the sale of goods, both woolen and cotton, manufactured by New England mills. On Jan. 1, 1859, Henry A. Page, a nephew of Mr. Kimball, who had been brought up in the retail dry goods business in Haverhill, Mass., was admitted to partnership. Mr. Page came to New York and opened a branch office, the business of which grew rapidly, and within three years its sales had passed those of its Boston parent. On the death of Mr. Kimball in 1871 the name of the firm was changed to Faulkner, Page & Co. In 1870 Joseph S. Kendall, formerly senior partner of Kendall, Cleveland & Opdyke, had been admitted, and in 1878 Alfred W. Bates, formerly of Leland, Allen & Bates, and George M. Preston, a nephew of Mr. Faulkner, became members of the firm.

Edward D. Page, now the senior partner, entered its employ as an office boy in 1875, upon his graduation from Yale. He was admitted to the firm in 1884. Charles Faulkner died later in the same year.

Shortly after the death of Henry A. Page in 1898, and of Robert C. Billings in 1899, the firm was reorganized. George W. Bramhall, formerly of Bramhall Brothers & Co., joined on Jan. 1, 1900, and on Jan. 1, 1903, Nathaniel B. Day, formerly of H.T. Simon & Gregory of St. Louis, but at that time selling agent for the Mississippi Mills, was admitted to partnership. Alfred W. Bates died in 1892; Joseph S. Kendall died in 1903.

Satisfactory arrangements haven made for transferring the mill accounts of the retiring firm to other well established houses.

__________________________

Obituary for Edward Day Page
The Morning Call (Patterson, New Jersey). 26 December 1918. Pages 1, 9.

STRICKEN FATALLY AT DINNER TABLE
Edward Day Page, Scientist and Art Patron, Dies While Entertaining Friends.

ESTATE AT OAKLAND.
Was Known in This City for His wonderful collection of Paintings and His Library.

Edward Day Page, known in the mercantile and scientific circles of this country and Europe, died of heart failure yesterday afternoon while eating a Christmas dinner with his family and guests at his residence in Oakland. Mr. Page, a graduate of the Sheffield scientific school of Yale university, class of 1875, was a member of forty-two scientific societies and other organizations In the United States and European countries. The library attached to his late home contains 40,000 volumes.

For the past three weeks Mr. Page had been suffering from influenza and pleurisy. His physician reported that he was on the road to recovery, therefor his sudden death yesterday came as a great shock to the family. News that Mr. Page had passed away brought forth many expressions of deep regret in Oakland, where the deceased man was the leading and wealthiest citizen.

The deceased man was born in Haverhill, Mass., in 1856. He was a resident of Oakland for several years and was known in Paterson. At the outbreak of the war between this country and Germany. Mr. Page was appointed as chairman of the civilians’ advisory committee to the quartermaster’s department and acted also as the expert on textiles for the department. He continued in this service until the quartermaster’s department was reorganized. In New York Mr. Page was a member of the Century club, Merchants’ club, and up to the time of his death took an active interest in the affairs of the Merchants’ association of New York. Mr. Page published several books on political and economical subjects which were well received throughout the country. At the time of his death he was editor-in-chief of the Sussex Register, part of the estate of his late son, Harry S. Page, who passed away about a year ago. Until several years ago, Mr. Page was a member of the late firm of Falkner, Page & Co., commission merchants, of New York.

The Page property, consisting of 700 acres of ground and the most up-to-date equipment and buildings, was looked upon by residents and farmers throughout the northern part of the state as an ideal farm. It has been said that the Page home has no equal In beautiful surroundings. The residence holds an exceedingly valuable collection of paintings, Mr. Page having been a connoisseur of the art, and a magnificent organ. Mr. Page’s library of 40,000 books is believed to have no equal as a private collection in the country.

In naming his property Mr. Page selected “Die Tweeligen,” which, in the German language, means “The Twins.” This name was chosen because of two great boulders found on the property. Mr. Page named his farm “The Vygeberg.”

Mr. Page was a resident of Oakland since 1896. His son, Lee Page, is a professor of civics in Yale college. The first wife of the deceased man, who was Miss Nina Lee, of Orange, died in 1915. He married again less than a year ago, to the present Mrs. Page, who formerly was Miss Mary Hall, of Newton, by whom he is survived. A daughter, Mrs. Nelson Deitch, of Oakland, and son, Lee Page, also survive him. Funeral arrangements have not been completed.

__________________________

Fun Fact:
Washington Slept There

“It was a mere 235 years ago that General George Washington temporarily used the then-home of Hendrick Van Allen as his headquarters on July 14 and 15, 1777. The home’s history begins in 1748, when Hendrick Van Allen, his wife Elizabeth, and their ten children moved to what is today Oakland. Hendrick was a deacon at the Ponds Church, which was located approximately one mile west of his home. The stone masonry home that Hendrick built consisted of four rooms. Its architecture reflects the Dutch design of the period…

Hendrick Van Allen lived in the home with his wife and children until his death in July 1783, at the age of 76. Van Allen’s property was divided amongst his children. Records indicating the ownership of the property between 1788 and 1864 are illegible. Between 1864 and 1900, three other families owned the property.

In 1900 the property was transferred to Edward Page, a successful merchant and businessman. Edward Day Page was born in Haverhill, Massachusetts in 1856, but by 1860 was living in South Orange, New Jersey with his family. Because of his father’s business connections, Page became a partner at the wholesale dry goods firm Faulkner, Page & Co., located in New York. Page began his employment as an office boy and became a full member of the firm in 1884, eventually working his way to senior partner. The business continued until December 1911.

Edward Page’s purchase of the property in 1900 corresponds with a period in the region’s history when many wealthy New York merchants and industrialists moved from the urban centers to the rural countryside and modern suburbs of northeastern New Jersey. The 700 acres of land that Page purchased became the Vygeberg Estate, which he built for himself and his family. The estate was a working farm that encompassed almost all of the Mountain Lakes section of Oakland. Seeing the need for fresh dairy products in Oakland, the farm was primarily a dairy farm with several cow barns. As part of the estate, Page constructed a family mansion, known as De Tweelingen, barns and other necessary outbuildings, including the Vygeberg Office (Stream House), which was built in 1902 on the Van Allen House property….

Page belonged to a number of organizations and served several elected positions in Oakland including councilman from 1902 to 1908, mayor from 1910 – 1911, recorder in 1912 and as vice president of the Board of Education in 1913. Page passed away at his home in Oakland on December 25, 1918 at the age of 62.”

Source: “From Dutch Homestead to Dairy Farm Estate: The Van Allen / Vygeberg Property” in The Oakland Journal, 16 January 2014.

Image Source: Find A Grave Website, Edward Day Page.