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Economics Programs Exam Questions Harvard

Harvard. Political Economy course enrollments and final exams, 1884-1885

 

Six of eight courses listed in Political Economy were taught during the 1884-85 year at Harvard. This post provides the enrollment information as well as the June final examinations for all of those courses. Mid-year examinations are not included with one exception.

 

Note to self: only the mid-year examination for Taussig’s Political Economy 6 is included below, the others still need to be located.

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Political Economy 1. Profs. Dunbar and Laughlin. 3 hours per week.

Laughlin’s Mill’s Principles of Political Economy. — Lectures on the Financial Legislation of the United States

Total: 166:  18 Seniors, 75 Juniors, 61 Sophomores, 4 Law, 8 Others.

Source: Harvard University. Report of the President of Harvard College, 1884-85, p. 86.

 

POLITICAL ECONOMY 1.
[Final Examination, June 1885]

  1. If a farmer had the alternative of spending a sum of money either for manures, or for the services of useless servants, in which way would he give the greater employment to the laboring class by his expenditure? Explain your answer.
  2. (a) Discuss the causes affecting the efficiency of production; and (b) point out the relation of an increase in production to cost of labor.
  3. Is it strictly true that high wages do not make high prices? What would be the effect on real wages of a considerable increase of money in the community?
  4. Make it clear that, even if the state should take possession of all the land and charge no rent, bread would not be cheapened.
  5. What is the usual relation of a low cost of production in the manufacturing industry to prices? What is the relation of a low cost of production to wages in the same industry? From your two conclusions what inference would you draw as to the effect of high wages in the United States on the ability of Americans to compete with foreigners in a common market?
  6. Give an example illustrating the working of reciprocal demand and supply, and point out its relations to cost of production.
  7. What made the coinage act of 1834 necessary?
  8. On whom does a house-tax fall?
  9. Explain the refunding operations in 1881, and state what has since been done with the bonds in question.
  10. Give the reasons which obliged the banks to suspend specie payments in 1861. In doing so, point out the necessary relation between the items in their accounts which led them to this step.
  11. Describe the two great financial successes of the war period, explain the character of the obligations offered by the Treasury, and state why success was gained.

Source: Harvard University Archives. Harvard University. Examination Papers, 1873-1915. Box 2. Papers Set for Final Examinations in Rhetoric, Philosophy, Political Economy, History, Roman Law, Fine Arts, and Music in Harvard College. June, 1885. In bound volume: Examination Papers, 1883-86, pp. 9-10.

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Political Economy 2. Prof. Dunbar. 3 hours per week.

History of Economic Theory. — Selections from Leading Writers

Total: 21:  10 Seniors, 8 Juniors, 3 Others.

Source: Harvard University.  Report of the President of Harvard College, 1884-85, p. 86.

 

 

POLITICAL ECONOMY 2.
[Final Examination, June 1885]

  1. Comment on the following:—

“Do the facts of history bear out the theory [of Ricardo]? If they do we shall find (1) that in any given area the amount of the produce of the land obtained in earlier times is greater in proportion to the number of laborers; (2) that of two countries, or two districts in the same country, if other things be equal, the one that is poorest in people is the one in which the average degree of personal wealth and comfort is the highest; (3) that the share that falls to the landlord increases, and that which falls to the laborer diminishes, as more land is brought under cultivation.” (Thompson’s Social Science, p. 93.)

  1. George says:—

“It is not necessary to the production [even] of things that cannot be used as subsistence, or cannot be immediately utilized, that there should have been a previous production of the wealth required for the maintenance of the laborers while the production is going on. It is only necessary that there should be, somewhere within the circle of exchange, a contemporaneous production of sufficient subsistence for the laborers, and a willingness to exchange this subsistence for the thing on which the labor is being bestowed.”
Is the necessity of previously produced subsistence avoided by the fact of “contemporaneous production,” etc.?

  1. George presents the current statement of the laws of distribution in this form:—

Rent depends on the margin of cultivation, rising as it falls and falling as it rises.
Wages depend upon the ratio between the number of laborers and the amount of capital devoted to their employment.
Interest depends upon the equation between the supply of and demand for capital; or, as is stated of profits, upon wages (or the cost of labor), rising as wages fall, and falling as wages rise.

“In the current statement the laws of distribution have no common centre, no mutual relation; they are not correlating divisions of a whole, but measures of different qualities.”
Can you rewrite this “current statement” so as to present the correlation which Mr. George misses?

  1. Is there in rent any force of its own, enabling it to encroach upon wages and profits, or does it merely fill the space opened before it by other forces? What limit is there to this encroachment or expansion?
  2. Criticise the following as a statement of the Wages Fund theory:—
    “The means of purchase and the motives acting upon the minds of employers jointly determine the effective demand for labor, as the means of purchase and the play of motives determine the effective demand for a commodity.”
  3. Crocker says, p. 7:—
    “Our wealthy classes, wishing to accumulate still greater wealth, sought to use a large portion of their control or power over labor in creating profitable investments for themselves….Comparatively little harm would have been done if the new investments had simply turned out to be unprofitable, and the old ones had continued to supply the rich their accustomed dividends, and to the poor their accustomed wages. The mischief has been that the new investments have, by competition, ruined for the time being the old ones; dividends and wages have stopped, and the income of all, both rich and poor, being cut down, their demands upon labor have been greatly diminished, and the laborer has been left in idleness and without the means of procuring the necessaries of life.”
    Aside from all questions of fact,— what is the flaw in the above if the reasoning is bad, and what is the remedy for the evil if the reasoning is good?
  4. What is Mr. Carey’s theory as to the tendency (1) to decline in the value of commodities, and (2) to rise in the value of land; and how is this reconciled with his principle that the law of value is universal, embracing everything, “whether land, labor, or their products”?
  5. “With every increase in the facility of reproduction, there is a decline in the value of all existing things of a similar kind, attended by a diminution in the price paid for their use. The charge for the use of the existing money tends, therefore, to decline as man acquires control over the great forces provided by the Creator for his service; as is shown by the gradual diminution of the rate of interest in every advancing country.”
    What is the difficulty in this reasoning as to the rate of interest, and how would the reasoning apply in the case of a currency of inconvertible paper?
  6. How far can apparent resulting harmonies in the general working of society (as g. in Carey’s and Bastiat’s law of distribution between capital and labor) be accepted as a test of the truth of an economic proposition?

Source: Harvard University Archives. Harvard University. Examination Papers, 1873-1915. Box 2. Papers Set for Final Examinations in Rhetoric, Philosophy, Political Economy, History, Roman Law, Fine Arts, and Music in Harvard College. June, 1885. In bound volume: Examination Papers, 1883-86, pp. 10-12.

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Political Economy 3. Prof. Laughlin. 2 hours per week. [Consent of instructor required]

Lectures and Discussion [of Practical Economic Questions]. Subjects: Money, Precious Metals, Bimetallism, American Shipping, History of Note-issues by Government and Banks. — One Thesis by each student on some practical question of the day, intended as an exercise in investigation

Total: 18:  10 Seniors, 7 Juniors, 1 Other.

Source: Harvard University.  Report of the President of Harvard College, 1884-85, p. 86.

 

 

POLITICAL ECONOMY 3.
[Final Examination, June 1885]

  1. Explain the proper theory of a subsidiary coinage. How far was this followed by Congress in first establishing our coinage?
  2. Discuss the bearing which by its advocates bimetallism is supposed to have on the stability of a standard of payments. What connection has the theory of a Multiple Standard to this discussion?
  3. How far can you safely reason from comparative tables of prices as to changes in the value of gold or silver?
  4. Discuss the efficacy of a bimetallic league of states in regulating the value of silver relatively to that of gold.
  5. Explain the causes which led to the remarkable fall of silver in 1876.
  6. State the causes which, in your opinion, led to the growth of American shipping to 1856.
  7. How far do you regard it true that the decline in American shipping was due to the consequences arising from the use of steam and iron in ships engaged in the foreign trade?
  8. What measures, if any, would you propose in order to reestablish our shipping?
  9. What is meant by an “elastic currency”? Compare, in this respect, the notes of the National Banks with the legal tender notes of the United States.
  10. Give (a) the reasons for the general adoption of the features of the New York Banking Act of 1838; and (b) the reasons which actually led to the establishment of the National Banking System in 1864.
  11. Discuss carefully some measure for giving security to National Bank notes when United States bonds shall be no longer obtainable for that purpose.

Source: Harvard University Archives. Harvard University. Examination Papers, 1873-1915. Box 2. Papers Set for Final Examinations in Rhetoric, Philosophy, Political Economy, History, Roman Law, Fine Arts, and Music in Harvard College. June, 1885. In bound volume: Examination Papers, 1883-86, pp. 12-13.

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Political Economy 4. Prof. Dunbar. 3 hours per week.

Economic History of Europe and America since the Seven Years’ War. — Lectures

Total: 152:  61 Seniors, 43 Juniors, 37 Sophomores, 5 Freshmen, 2 Law, 4 Others.

Source: Harvard University.  Report of the President of Harvard College, 1884-85, p. 86.

 

 

POLITICAL ECONOMY 4.
[Final Examination, June 1885]

Omit two questions

  1. Why was the repeal of the corn laws decisive as to the adoption of free trade by England?
  2. How did the French and Indian currencies tend to prevent the fall of gold after 1850 from being still heavier?
  3. How important a place among the causes of the decline of American shipping belongs to the civil war?
  4. The effects of the civil war on the system of landholding in the South and its probable ultimate effects on Southern industry.
  5. The steps by which the war determined the subsequent tariff policy of the United States.
  6. The causes of the suddenly increased importance of our trade in breadstuffs in the last ten years.
  7. Why did the payment of the French indemnity of 1871 seriously affect England, Austria and the United States?
  8. The real loss or gain of France and Germany respectively by the payment of the indemnity.
  9. What were the heavy demands for gold from 1871 to 1883, and why did they fail to produce serious financial disturbance?
  10. The difference in the development of city and of country banks respectively, in the United States and in England, and the inference to be drawn as to the future development of the banking systems.
  11. Why is a “triangular trade” between nations convenient and why is England the great centre for such trade?
  12. As the English government does not own nor tax the coal mines, why should fear of increasing cost of extracting coal lead Mr. Gladstone to favor an energetic reduction of the national debt.

Source: Harvard University Archives. Harvard University. Examination Papers, 1873-1915. Box 2. Papers Set for Final Examinations in Rhetoric, Philosophy, Political Economy, History, Roman Law, Fine Arts, and Music in Harvard College. June, 1885. In bound volume: Examination Papers, 1883-86, p. 13.

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Political Economy 5. Prof. Laughlin. 1 hour per week. [Consent of instructor required]

Economic Effects of Land Tenures in England, Ireland, France, and Germany

Omitted in 1884-85.

Source: Harvard University.  Report of the President of Harvard College, 1884-85, p. 86.

 

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Political Economy 6. Dr. Taussig. 1 hour per week. [Consent of instructor required]

History of Tariff Legislation in the United States, with discussion of principles. — Lectures

Total: 40:  1 Graduate, 26 Seniors, 10 Juniors, 3 Others.

Source: Harvard University.  Report of the President of Harvard College, 1884-85, p. 86.

 

POLITICAL ECONOMY 6
[Mid-Year Examination, 1885]

(Omit either question 3 or question 4.)

  1. Comment briefly on the following:—
    “There is not a single great branch of domestic manufactures which had not been established in some form in this country long before a protective tariff had been or could have been imposed. The manufacture of iron is nearly as old as the history of every colony or territory in which there is any iron ore. The manufacture of woolens is as old as the country itself, and was more truly a domestic manufacture when our ancestors were clothed with homespun than now. The manufacture of cotton is almost as old as the production of the fibre on our territory.”
  2. Compare the tariff act of 1816 with that of 1824, noting difference in (1) the general range of duties, (2) the circumstances under which they were passed, (3) the action taken in regard to them by the representatives of New England, the Middle States, and the South. It has been said that “the tariff of 1816 marks the beginning of protection in this country,” and that “the tariff of 1824 was our first tariff worthy of the name of protection.” Which of these statements is true, if either?
  3. Comment on the following:—
    “No protective duty was ever levied on a single article, the home manufacture of which grew to large proportions under that duty, without the price to the consumer growing cheaper, the duty thus being a boon instead of a tax.”
    “A duty on an imported article is invariably added to its price, at the cost of the buyer, and added also to the price of like articles made here.”
  4. State carefully the argument for the protection of young industries and mention the conditions, if any, which might justify the application of such protection.
  5. Give a brief critical statement of the views expressed by Hamilton, Gallatin, Clay, and Webster on the protective controversy.

Source:  Harvard University Archives. Examination papers in economics, 1882-1935. [Scrapbook of] Prof F. W. Taussig (HUC 7882).

 

POLITICAL ECONOMY 6.
[Final Examination, June 1885]

  1. State as nearly as you can the duties on the following articles from 1846 to 1884: pig-iron, steel-rails, wool, woollen cloths, silks, coffee, copper.
    Take any one of the following articles: pig-iron, wool, woollen cloths, silks, copper; and say something as to the economic effect of the duties on that one between 1860 and 1884.
  2. Give an account of the tariff act of 1864. Compare the tariff policy adopted in the United States after the close of the civil war, and with the policy of France after 1815.
  3. What has been the practice in our tariff acts since 1842 as regards the imposition of specific and ad valorem duties? Comment on the following: “It is an economic truth that the ad valorem system is the only equitable rule for assessing duties. With the whole power of a great government behind, there is no reason why the laws of the country should not be enforced. The outcry of undervaluation is simply a trick to blind the people, as it would be impossible to enact a law imposing duties of 80, 100, even 200 per cent. in the plain unvarnished form of ad valorem duties.”
  4. Comment briefly on two of the following:—
    (1)”The fairest and most satisfactory test of the effect of the tariff on prices is to compare prices of the same article under high and low tariffs. The average gold price of pig-iron before 1860 was $28.50 per ton; in recent years it has been $33.70. The average is higher by $5.20 under a high tariff than during the period of low duties.”
    (2) “Nothing can be more false than the claim of free trade advocates than that a duty is a tax that comes out of the farmers and artisans of this country. By far the greater part of the revenue collected on importations is the toll paid by people of other countries for the admission of their goods…I was assured by a score of manufacturers in England that the recent increase in the French tariff came out of their pockets, and not from the consumers in France; that they were compelled to sell their goods in France at the same price as before the increase of duty.”
    (3) “A conclusive answer to the assertion that the protective policy secures high wages to the laborers of this country, is found in the fact that wages are higher in the United States—absolutely and in comparison with the old world rates—in those industries which do not have, or confessedly do not need, protection.”
  5. Compare the grounds on which a policy of protection has been advocated in recent years with the grounds put forward in 1820-30, and give any reasons that may occur to you for changes in the arguments.

Source: Harvard University Archives. Harvard University. Examination Papers, 1873-1915. Box 2. Papers Set for Final Examinations in Rhetoric, Philosophy, Political Economy, History, Roman Law, Fine Arts, and Music in Harvard College. June, 1885. In bound volume: Examination Papers, 1883-86, pp. 14-15.

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Political Economy 7. Prof. Dunbar. 1 hour per week. [Consent of instructor required]

Comparison of the Financial Systems of France, England, Germany, and the United States

Omitted in 1884-85.

Source: Harvard University. Report of the President of Harvard College, 1884-85, p. 86.

 

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Political Economy 8. Prof. Dunbar. 1 hour per week. [Consent of instructor required]

History of Financial Legislation in the United States.

Total: 39:  1 Graduate, 28 Seniors, 7 Juniors, 3 Others.

Source: Harvard University. Report of the President of Harvard College, 1884-85, p. 86.

 

POLITICAL ECONOMY 8
[Final Examination, June 1885]

[Omit two questions.]

  1. State the circumstances which led to the adoption of the Independent Treasury and hard money as the policy of the Democratic party.
  2. How close an approach had been made to the issue of a government currency, prior to the Act of July 17, 1861?
  3. What has been the legislation since 1861 on the taxation of United States bonds,
    (1) by national authority,
    (2) by State authority,
    and the reasons therefor?
  4. The causes of the failure of the movements for resumption from 1865-70.
  5. The reasons for and against the claim of authority, under which Mr. Richardson increased the outstanding legal tender notes from $356,000,000 to $382,000,000.
  6. Trace the origin of the present three percents of the United States.
  7. Criticise the following extract from Mr Boutwell’s Finance Report of 1872:—
    “As the circulation of a bank is a source of profit, and as the managers are usually disposed to oblige their patrons by loans and accommodations, it can never be wise to allow banks or parties who have pecuniary interests at stake to increase or diminish the volume of currency in the country at their pleasure. Nor do I find in the condition of things a law or rule on which we can safely rely. Upon these views I form the conclusion that the circulation of the banks should be fixed and limited, and that the power to change the volume of paper in circulation, within limits established by law, should remain in the Treasury Department….
    “The problem is to find a way of increasing the currency for moving the crops and diminishing it at once when that work is done. This is a necessary work, and, inasmuch as it cannot be confided to the banks, where, but in the Treasury Department, can the power be reposed?”

Source: Harvard University Archives. Harvard University. Examination Papers, 1873-1915. Box 2. Papers Set for Final Examinations in Rhetoric, Philosophy, Political Economy, History, Roman Law, Fine Arts, and Music in Harvard College. June, 1885. In bound volume: Examination Papers, 1883-86, p. 15.

Images Source:  Harvard Library, Hollis Images. Charles F. Dunbar (left) and James Laurence Laughlin (middle) and Frank W. Taussig (right).

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Minnesota. Interview about banking/financial historians. Heaton, 1955

In an earlier post we are provided with a glimpse of Minnesota professor Herbert Heaton’s wit in his answer to the question “What are economic historians made of?“. In preparing that post, I came across the following 1955 interview that provided some background assessments of economic historians who he judged might have been interesting for a Brookings project on the history of the Federal Reserve System.

A 2007 tribute from the Newsletter of the Economic History Association has been appended to this post for further biographical/career information.

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Backstory to Heaton Interview

In 1954, the Rockefeller Foundation awarded a grant to the Brookings Institution to undertake “a comprehensive history of the Federal Reserve System.” The collection consists of documents gathered or generated between 1954 and 1958, during the course of the Committee’s work.

MA (the interviewer below) was Mildred Adams “a New York journalist specializing in economic affairs”.

“Deputy Treasurer of the United States W. Randolph Burgess expressed his interest in writing a “definitive” history of the Federal Reserve System when he retired from federal service….”

“On January 21, 1954, the Rockefeller Foundation awarded a grant of $10,000 to the committee for an ‘exploratory study of the historical materials relating to the Federal Reserve System.’ The grant was to be administered by Brookings.”

“From January 1954 to June 1956, Mildred Adams served as research director of the project….Meanwhile, however, Burgess had been appointed under secretary of the Treasury and decided that he would not be able to start the planned comprehensive history any time soon. The committee spent the next two years searching for an able economic historian to assume direction of this major study.”

“By the spring of 1956, the committee’s failure to find a qualified scholar and Allan Sproul’s retirement from the Federal Reserve Bank of New York and subsequent resignation as chairman of the committee caused problems. With no historian, the committee redefined its goals and requested the Rockefeller Foundation to relieve the committee of its obligation to write a ‘definitive’ major study and instead allow it to encourage smaller, topical studies of the Federal Reserve System.”

Source:  Federal Reserve Bank of St. Louis. FRASER. Committee on the History of the Federal Reserve System: Guide to the Brookings Institution Archives.

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Notes from interview with Herbert Heaton

June 11, 1955

Internal Memorandum

Interview with Dr. Herbert Heaton, Professor of Economic History at the University of Minnesota

I went out to see Dr. Heaton on a Saturday morning at his home in Minneapolis and found him a charming Yorkshireman with a delightful sense of humor and a wide knowledge of both economics and history. Were he a little younger, he might prove to be the ideal person to do this work, although I have not yet read his books. I discussed the whole project with him in detail and then asked for any suggestions of people he might have for our purposes.

Dr. Heaton confirmed what we have already found, namely that the field is a rather arid one in the realm where history and economics meet. He himself had been on the committee which set up the economic history group with which Professor Arthur Cole of Harvard works. He agreed with Dr. [Walter W.] Stewart that that had rather worked itself out, though he said that the Hidys [Ralph Willard Hidy and Muriel E. (Wagenhauser) Hidy] were doing good work in their chosen field. They are to spend this summer in Minneapolis working on the Weyerhauser Lumber business.

Dr. Heaton said that John [K.] Langum was a brilliant student in the Harvard Business School. He had a minor in economic history and a fine historical sense.

He suggested that we talk to [Charles] Ray Whittlesey of the Wharton School who is interested in banking history. He thought that Whittlesey might have useful recommendations and called him one of the best insofar as historical interests in economic matters are concerned.

He spoke of Herman Kruse [sic, Herman E. Krooss] of New York University as someone who wrote well on financial history. He said that Mr. Kruse had energy, capacity and ability to handle material, but he seemed to think that he was lacking in tact, and he was not quite sure what he might do with an assignment in this project.

A young man named Robert Jost, now at Minnesota doing a doctor’s thesis on the Chatfield Bank, may be a possibility later on in the project, depending on what he makes of the Chatfield Bank. It is a small bank in Minnesota which, for some fortunate reason, has kept all its records and is making a very interesting study.

At the University of Wisconsin Dr. Heaton said that Rondo Cameron was working on the Credit Mobilier in Paris was worth watching. This again is a matter of seeing what he turns out.

He said that [Walter] Rostow at M.I.T., who has been devoting himself to business cycles, would ask the right questions of the material. Rostow has a quick mind and the right range of interests for this project. Oxford and Cambridge had both invited him for next year. His research expert is Mrs. [Anna] Schwartz. His brother [Eugene Rostow] is Dean of the Law School at Yale. In Dr. Heaton’s opinion, Mr. Rostow ought certainly to be explored.

Dr. Heaton says that Arthur Marget is someone he has known in the past as being brilliant on history or theory. He did not know that Mr. Marget had now gone to the Board and wondered if this might rule him out so far as the international sphere is concerned.

He also spoke of Frank A. Knox, who got his Ph.D at the University of Chicago and now writes reviews in the Canadian Journal of Economic and Political Science. Mr. Knox has not published much, but he is worth watching in Dr. Heaton’s opinion.

Dr. Heaton promised to keep the project in mind. He will talk with his associates about it and will send us any other suggestions which come up in the course of his work at the University of Minnesota.

We explored the things which he himself was doing, and he said that he had just turned 65 and did not believe that one should take on these big projects after that age. I had the feeling that he might, however, be interested in the project sufficiently so that he would take a piece of it. I had no authority to discuss it with him at that time, but I think this is worth considering. As a beginning, it might be worthwhile to read his “Economic History of Europe.”

MA:IB

Source:  Federal Reserve Bank of St. Louis. FRASER. Committee on the History of the Federal Reserve System.

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Past Presidents of the EHA:
Herbert Heaton

Herbert Heaton was one of the founding members of the Economic History Association, serving as one of its two inaugural vice presidents, ascending to the presidency in 1949, and remaining active in the association until his death. Along with E.A.J. Johnson and Arthur Cole, he drafted a grant application to the Rockefeller Foundation, which resulted in a $300,000 award in December of 1940. The grant financed research in economic history over the next four years. Heaton was a member of the original board of trustees of the EHA. Each of the five original members went on to serve as president of the association: Edwin F. Gay (1941-42), Heaton (1949-50), Earl J. Hamilton (1951-52), E.A.J. Johnson (1961-62), and Shepard B. Clough (1969).

Heaton was active in the formation of the EHA and was personally responsible for the recruitment of most of the members from the Midwest. He was an enthusiastic scholar of the evolution and applications of economic history, authoring several articles on the history of the discipline and a biography of Edwin Gay, the first president of the EHA. In an article entitled “Clio’s New Overalls,” published in The Canadian Journal of Economics and Political Science(November, 1954), Heaton was one of the first authors to discuss the marriage of clio and its metric partner in regard to the study of economic history. His discussion of the metric side of the equation was anything but enthusiastic however. Instead, he criticized the tendency of young scholars to use technical tools to make precise measurements of what he considered to be inaccurate data.

Heaton was born in England on June 6, 1890, the son of a blacksmith. He studied history and economics at the University of Leeds, earning his B.A. in 1911. He earned his M.A. in 1912 from the London School of Economics before accepting a position as assistant lecturer in economics under (Sir) William Ashley at the University of Birmingham. While there, he earned another Masters degree in 1914. He then moved to Australia and began a post as lecturer in history and economics at the University of Tasmania.

While in Tasmania Heaton developed the study of economics and encouraged research into Australian economic history. His controversial comments on the war provoked the censure of the more conservative elements of the Tasmanian press and public. In 1917 he moved to the University of Adelaide where he expanded the economics discipline and developed the diploma of commerce. Once again his liberal opinions aroused the ire of the conservative business class. Heaton argued that capitalism was the root of all the evils of individual and corporate life. He subscribed to the Marxist belief that capitalism would eventually give way to socialism. Consequently, the university refused to establish a degree in economics while Heaton led the discipline. As a means of preserving his academic career, he accepted a chair of economic and political science at Queen’s University in Kingston, Ontario in 1925. He stayed in Canada for two years before moving to the University of Minnesota, where he remained until he retired in 1958.

In 1936, Heaton compiled his research on Europe and published the Economic History of Europe, which was for a long time the standard text on the subject. Heaton said that he wrote the book especially for students with no background in economic history. He summed up economic history as the story of how man has worked to satisfy his material wants, in an environment provided by nature, but capable of improvement, in an organization made up of his relations with his fellows, and in a political unit whose head enjoys far-reaching power to aid, control, and appropriate. Such lofty views of the discipline were what made Heaton such a dedicated and valuable member of the Economic History Association.

Herbert Heaton died on January 24, 1973 in Minneapolis, survived by his three Australian-born children and his wife Marjorie Edith Ronson. He was an active scholar to the end of his life, publishing his ninth and final article in the JEH in June of 1969, nearly 28 years after his first JEH appearance.

Sources

Archives of the Economic History Association, Hagley Museum, Wilmington, DE.

Blaug, Mark, ed., Who’ s who in economics: a biographical dictionary of major economists, 1700-1986, Cambridge, MA: MIT Press, 1986, 2nd ed.

Bourke, Helen, “Heaton, Herbert (1890-1973),” Australian Dictionary of Biography, Vol. 9, Melbourne: Melbourne University Press, 1983, pp. 250-251.

Cole, Arthur H., “Economic History in the United States: Formative Years of a Discipline,” The Journal of Economic History, Vol. 28, No. 4 (Dec., 1968), pp. 556-589.

de Rouvray, Cristel, “‘Old’ Economic History in the United States: 1939- 1954,” Journal of the History of Economic Thought, Vol. 26, No. 2 (June, 2004), pp. 221-39.

Harte, N.B., “Herbert Heaton, 1890-1973: A Biographical Note and a Bibliography [Obituary],” Textile History Vol. 5 (1974), p. 7.

Payne, Elizabeth, “Herbert Heaton,” term paper for Professor Robert Whaples, Wake Forest University, 2006.

Selected writings of Herbert Heaton

“Heckscher on Mercantilism,” The Journal of Political Economy, Vol. 45, No. 3 (June, 1937), pp. 370-93.

“Rigidity in Business Since the Industrial Revolution,” The American Economic Review, Vol. 30, No. 1, Part 2, Supplement, Papers and Proceedings of the Fifty-second Annual Meeting of the American Economic Association (Mar., 1940), pp. 306-313.

“Non-Importation, 1806-1812,” The Journal of Economic History, Vol. 1, No. 2 (Nov., 1941), pp. 178-98.

“The Early History of the Economic History Association,” The Journal of Economic History, Vol. 1, Supplement: The Tasks of Economic History (Dec., 1941), pp. 107-09.

“Recent Developments in Economic History,” The American Historical Review, Vol. 47, No. 4 (July, 1942) pp. 727- 46.

“The Making of an Economic Historian,” The Journal of Economic History, Vol. 9, Supplement: The Tasks of Economic History (1949), pp. 1-18.

“Clio’ s New Overalls,” The Canadian Journal of Economics and Political Science, Vol. 20, No. 4 (Nov., 1954), pp. 467-77.

“Twenty-Five Years of the Economic History Association: A Reflective Evaluation,” The Journal of Economic History, Vol. 25, No. 4 (Dec., 1965), pp. 465-79.

Modern economic history, with special reference to Australia, Melbourne: Macmillan & Co., 1925.

A history of trade and commerce, with special reference to Canada, Toronto: T. Nelson & Sons, 1928.

The British Way to Recovery: Plans and Policies in Great Britain, Australia, and Canada, Minneapolis: University of Minnesota Press, 1934.

Economic History of Europe, New York: Harper, 1948.

A Scholar in Action, Edwin F. Gay, Cambridge: Harvard University Press, 1952.

 

Source: Past Presidents of the EHA: Herbert Heaton, The Newsletter of the Economic History Association (ed. Michael Haupert), No. 31 (December 2007), pp. 16-18.

Image SourceNewsletter of the Economic History Association, No. 31 (December 2007), p. 16.

Categories
Economists Harvard Policy Princeton Williams

Harvard. Economics PhD Alumnus. Donald Holmes Wallace, 1931

 

The previous post included lists of books used for undergraduate and graduate courses dealing with the economics of railroad regulation taught at Harvard in the mid-1930s. The list was put together by Donald Holmes Wallace who was a recent Harvard Ph.D. graduate and soon to be appointed to an assistant professorship in economics.

His career was cut short at age 50 by a heart attack. His early promise was recognized with the award of the prestigious David A. Wells prize for his 1931 dissertation on the aluminum industry.

________________________

Ph.D. 1931

Donald Holmes Wallace, A.B. 1924, A.M. 1928.

Subject, Economics. Special Field, Economics of Corporate Organization. Thesis, “The Aluminum Monopoly in the United States.”

Source: Harvard University. Report of the President of Harvard College, 1930-31, p. 120.

________________________

Donald Holmes Wallace
(1903-1953)

Born in West Chester, PA, June 29, 1903.

1924. A.B. Harvard.

1924. Taught at the Suffield school in Suffield, CT.

1925. Instructor in economics at the University of Vermont.

1926-27. Assistant in economics at Harvard

1927-36. Instructor and tutor in economics at Harvard.

1928. A.M., Harvard.

1931. Ph.D., Harvard. Thesis: The Aluminum Monopoly in the United States.
Awarded the David A. Wells dissertation prize 1933-34.

1931-32. Year in Europe funded by a Social Science Research Council grant.

1937. Revised version of dissertation published by Harvard University Press: Market Control in the Aluminum Industry.  “The present study first took partial form as a doctoral dissertation (presented in 1931) upon the aluminum monopoly in the United States. Thereafter, the scope of the inquiry was widened to include market control in Europe and international relations in this industry.”–Preface.

1937-39. Assistant professor of economics at Harvard

1939. Associate professor of economics at Williams.

1939. Part-time economist for the Department of Labor

1940. Consultant of the National Defense Advisory Commission

1941. Consultant of the Office of Price Administration

1942-43. Director of OPA industrial manufacturing price division.

1943, Summer. Acting deputy administrator for prices of OPA.

1943-1945. (He resigned from Williams in 1945) Economic adviser to the deputy price administrator.

1945-1953. American Economic Association’s representative on the National Bureau of Economic Research.

1946-47. Member of the staff of the Council of Economic Advisers.

1948. Hired by Princeton “to inaugurate the graduate study program of Woodrow Wilson School, as well as apppointment as Professor of Economics.

1951. Vice-President of the American Economic Association.

1953, September 19. Died in Princeton, NJ. [Final position: Director of the Graduate Program of the Woodrow Wilson School of Public and International Affairs]

SourceNorth Adams Transcript (MA), September 21, 1943, p. 3; Eveline M. Burns “In Memoriam, Donald Holmes Wallace”, AER, Papers and Proceedings (May, 1954), p. 696.

Image Source: Dr. Donald H. Wallace. Head Economic Analyst, Office of Price Administration (OPA) and Civilian Supply. From the Farm Security Administration/Office of War Information Photograph Collection. Library of Congress, Prints and Photographs Division, Washington, D.C.

 

Categories
Exam Questions Harvard Suggested Reading

Harvard. Readings and Exams. Public Utilities and Transportation. 1935-37.

This post has been assembled around a list of books used in courses on transportation that were taught at Harvard in the mid-1930s. While the courses covered public utility regulation for the most part, I have not yet found complete course outlines or syllabi for the two courses considered. So paired with the final examinations for the course, the partial reading lists are all we can go on for now regarding the course content.

In the following post we meet the economics Ph.D. alumnus (Harvard, 1931), Donald Holmes Wallace who assisted Edward H. Chamberlin in teaching these courses at the time. Wallace put the lists together in response to an inquiry from a member of the Interstate Commerce Commission (see below).

_____________________________

Related Harvard Course Posts

1931. Economics of Transportation

1934. The Corporation and its Regulation Syllabus

1939-40. Regulation of Public Utilities and Transportation

1940-41.  

_____________________________

Course Announcements

1935-36

Economics 4c 2hf. Public Utilities (including Transportation)

Half-course (second half-year). Tu., Th., Sat., at 11. Associate Professor Chamberlin and Drs. Wallace and Abbott.

Economics 4a [The Corporation and its Regulation] is a prerequisite for this course.

[Economics 48. Economics of Public Utilities]

Wed., 4 to 6 (and a third hour at the pleasure of the instructor). Professor Crum and Associate Professors Mason and Chamberlin.

Omitted in 1935-36.

Source: Announcement of the Courses of Instruction Offered by the Faculty of Arts and Sciences during 1935-36, in Official Register of Harvard University, Vol. 32, No. 7 (March 4, 1935), pp. 135, 139.

*  *  *  *  *  *  *  *  *  *  *

1936-37

Economics 63b 2hf. (formerly 4c). Public Utilities (including Transportation)

Half-course (second half-year). Tu., Th., Sat., at 11. Associate Professor Chamberlin and Drs. Wallace and Abbott.

Economics 61a [The Corporation and its Regulation] is a prerequisite for this course.

Economics 163. (formerly 48). Economics of Public Utilities

Wed., 4 to 6 (and a third hour at the pleasure of the instructor). Professor Crum and Associate Professors Mason and Chamberlin.

Source: Announcement of the Courses of Instruction Offered by the Faculty of Arts and Sciences during 1936-37, in Official Register of Harvard University, Vol. 33, No. 5 (March 2, 1936), pp. 141,145.

_____________________________

Course Enrollments

[Economics] 4c 2hf. Associate Professor Chamberlin and Drs. Wallace, Abbott and Baker. — Public Utilities (including Transportation).

Total 74: 2 Graduates, 30 Seniors, 40 Juniors, 2 Sophomores.

Source: Harvard University. Report of the President of Harvard College, 1935-36, p. 82.

*  *  *  *  *  *  *  *  *  *  *

[Economics] 63b 2hf. (formerly 4c) Associate Professor Chamberlin and Dr. Wallace. — Public Utilities (including Transportation).

Total 43: 1 Graduate, 25 Seniors, 13 Juniors, 3 Sophomores, 1 Other.

[Economics] 163. (formerly 48). Associate Professors Mason and Chamberlin and Dr. Wallace.—Economics of Public Utilities (including Transportation).

Total 10: 4 Graduates, 4 Seniors, 2 Radcliffe.

Source: Harvard University. Report of the President of Harvard College, 1936-37, pp. 92, 94.

_____________________________

Harvard University
Faculty of Arts and Sciences
Department of Government

Cambridge, Massachusetts
October 19, 1936

Miss C. C. Tatnall
Department of Economics
41 Holyoke House
Cambridge, Massachusetts

Dear Miss Tatnall:

Professor [William Y.] Elliott has had an inquiry from a member of the Interstate Commerce Commission about the books which are being used in the courses on transportation in the University. Have you a bibliography, or could a bibliography be prepared, of the material in use in the courses Economics 63b and 163? We shall appreciate any material you are able to collect.

Do you know if there are any other courses in the College which deal with transportation?

Thanks so much for your trouble.

Sincerely yours,
[signed]
[first name?] Dolan

*  *  *  *  *  *  *  *  *  *  *  *

List of Books used in Economics of Transportation
October, 1936
D. H. Wallace

Undergraduate course entitled Public Utilities including Transportation:

Locklin: Economics of Transportation

Mosher and Crawford: Public Utility Regulation

Daggett: Principles of Inland Transportation

Owen: Highway Economics

Bauer and Gold: Public Utility Valuation for Purposes of Rate Control

Bonbright and Means: The Holding Company

Reports of the Federal Coordinator.

Graduate course students make use of the following

Cunningham: American Railroads

Grodinsky: Railroad Consolidation

Jones: Principles of Railway Transportation

Miller: Inland Transportation

Ripley: Railroads 

Ripley: Report on Consolidation for I.C.C.

Sharfman: American Railway Problem

Sharfman: Interstate Commerce Commission

Simnett: Railway Amalgamation in Great Britain

Vanderblue and Burgess: Railroads

I.C.C.: Annual Reports

I.C.C.: Decisions

Clark: Economics of Overhead Costs

Chamberlin: Theory of Monopolistic Competition (Duopoly and oligopoly)

Pigou: Economics of Welfare (Discrimination)

Robinson: Economics of Imperfect Competition (Discrimination)

Source: Harvard University Archives. Department of Economics. Correspondence & Papers 1902-1950. Box 25. Folder “Suggested Readings”.

_____________________________

Reading Period Assignment
May 4-26, 1936

Economics 4c: Read one of the following:

  1. First Report of the Federal Coordinator of Transportation, pp. 1-37.
    Third Report of the Federal Coordinator of Transportation, pp. 3-129.
  2. Stuart Daggett, Principles of Inland Transportation (revised edition), Chs. 36-38
    and H.E. Dugall, two articles on French railways, Journal of Political Economy, June, 1933, pp. 289-333 and June, 1934, pp. 385-392.
  3. Bauer, J. and Gold, N., Public Utility Valuation for Purposes of Rate Control, pp. 155-362.

Source: Harvard University Archives. Syllabi, course outlines and reading lists in economics, 1895-2003. Box 2, Folder “Economics, 1935-36”.

_____________________________

1935-36
HARVARD UNIVERSITY
ECONOMICS 4c2
[Final Examination]

Answer questions 1 and 5 and TWO others. All questions are of equal weight.

  1. Answer the question appropriate to your Reading Period choice.
    1. Discuss the alternatives for a national policy toward the transportation problem in this country and explain which measures should in your opinion be included in such a program.
    2. Compare the chief developments in railway regulation in France and the United States during the past fifteen years.
    3. “The concept of ‘present value’ represents an unreal combination of judicial prejudice and economic abstraction.” Discuss.
  2. The economic surgery required by the provisions of the Public Utility Holding Company Act compelling realignment of companies into integrated regional systems is no less deplorable than an appendicitis operation upon a boy who has eaten too many green apples. A much more sensible policy was adopted in the consolidation provisions of the Transportation Act of 1920 which enabled a judicious mixture of private and public planning of combination.” Discuss.
  3. “The original cost method of valuation cannot provide a satisfactory way of determining rate bases in the case of competing railroads built at different times over different terrains. Under such circumstances the use of original cost will result either in robbing the stockholders of one road of the advantages of perspicacious management, or in forcing shippers to reward the stockholders of the other for building an expensive road.” Discuss.
  4. You are asked by one of the political parties to prepare a memorandum to serve as a basis for a plank concerning public utilities. It is requested that you explain specifically: (1) the economic criteria which seem to be the most useful for distinguishing industries which should be subjected to public ownership and operation or public regulation of investment, prices, and earnings; and (2) the legal principles used by the courts in recent cases involving the rights of Federal or state governments to regulate investment, prices, or earnings.
  5. Discuss two of the following quotations.
    1. “The ordinary consumer of utility services is interested only in price and quality of service. His disposition to leave to investors all concern over security structures, holding companies, and service charges finds a sound basis in the fact that these things affect only the division of the profits.”
    2. “Whatever may be urged to the contrary, regulation of transportation agencies in the United States has been imposed as a result of unfair treatment of the shipping public.”
    3. “Personal discrimination is bad enough in that it confers an unwarranted favor upon one of two producers located in the same place; long and short haul discrimination is worse because it gives an undue advantage to the producer who is located farther away from raw materials or markets.”

Source: Harvard University Archives. Harvard University, Examination Papers, Finals 1936. (HUC 7000.28, Vol. 78).

_____________________________

Reading Period Assignment
May 10-June 2, 1937

Economics 63b: Read one of the following:

  1. First Report of the Federal Coordinator of Transportation, pp. 1-37,
    and
    Third Report of the Federal Coordinator of Transportation, pp. 3-129.
  2. Stuart Daggett, Principles of Inland Transportation (revised edition), Chs. 36-38
    and H.E. Dugall, two articles on French railways, Journal of Political Economy, June, 1933, pp. 289-333 and June, 1934, pp. 385-392.
  3. Bauer, J. and Gold, N., Public Utility Valuation for Purposes of Rate Control, pp. 155-362.

 

Source: Harvard University Archives. Syllabi, course outlines and reading lists in economics, 1895-2003. Box 2, Folder “Economics, 1936-37”.

_____________________________

1936-37
HARVARD UNIVERSITY
ECONOMICS 63b2
[Final Examination]

Write on four questions, including the first and the last. Divide your time about equally between them.

  1. Choose either (a) or (b):
    1. “The fact that ‘charging what the traffic will bear’ develops under unregulated competition is no excuse for permitting the practice when rates are regulated by public authority. It is simply another form of discrimination which it is the duty of the I.C.C. to put down.” Discuss.
    2. Comment on the following figures for the electrical industry for 1935:

Customers
Per cent
Consumption
Per cent
Revenue
Per cent
Domestic: 82.6 18.0

36.6

Commercial:
   Retail

14.9

18.3

28.0

   Wholesale

2.0

53.1

27.5

Municipal, Street railways and miscellaneous

0.5

10.6

7.0

100.0

100.0

100.0

  1. “With the Act of 1920 the policy of regulation of railroads reached its highest development. If that policy fails, the only alternative is public ownership.” Discuss.
  2. Discuss the merits and defects of the policies adopted in in this country for public planning of operating systems either in electricity supply or in railroad transportation.
  3. “In the last analysis, it has been the presence or absence of monopoly which determined whether or not an industry was held to be a public utility. Actually, there are several other elements which ought to be given important consideration.” Discuss.
  4. Answer the question appropriate to your reading period choice:
    1. (Eastman report.) Do you think that all agencies of transport should be subjected to the same or to different sorts of regulation? Explain.
    2. (Bauer and Gold.) Explain briefly what you understand by “fair value” according to the law of the land and discuss its significance for the regulation of earnings of public utilities.
    3. (Foreign railways.) What significant comparisons may be made between the post-war railroad problems of France, Germany and England? What light has your reading here thrown upon the problems of this country?

Source: Harvard University, Examination Papers, Finals 1937. (HUC 7000.28, Vol. 79).

_____________________________

Reading Period Assignment
January 4-20, 1937

Economics 163: Read the following:

Bonbright and Means, The Holding Company.

Source: Harvard University Archives. Syllabi, course outlines and reading lists in economics, 1895-2003. Box 2, Folder “Economics, 1936-37”.

_____________________________

1936-37
HARVARD UNIVERSITY
ECONOMICS 163
[Mid-Year Examination]

All six questions are of equal weight. Answer the first question, the last question, and any two among questions 2 to 5.

  1. The Public Utility Act of 1935 authorizes an examination of holding company systems with a view to determining “the extent to which such holding company systems and the companies therein may be simplified, unnecessary complexities therein eliminated, voting power fairly and equitably distributed among the holders of securities thereof, and the properties and business thereof confined to those necessary or appropriate to the operations of integrated public utility systems.” What facts with respect to these questions would you expect such an examination to disclose?
  2. Discuss either of the following statements by Burns:
    (a) “Vertical integration thus dictated by the opportunity to secure technical economies of production is not directly caused by the decline of price competition although it may contribute to that decline.”
    (b) “In common with all forms of integration, however, this type (of the production of commodities requiring similar selling organizations) hinders the comparison of costs and prices for each separate branch of production.”
  3. Discuss either of the following statements:
    (a) “Closely related and also a chief point of controversy, was the effect of limitation of liability upon the position of the creditor.” Hunt (commenting upon the Royal Commission Report of 1854).
    (b) “It is to be noted that hardly anywhere in these reports (those of 1837, 1850, 1851, and 1854) was a pure measure of limited liability discussed. What was discussed at great length was this mixed form (of the en commandite type) with unlimited and limited partners.” Shannon.
  4. (a) Discuss the significance and usefulness of either ratio analysis, with illustrative comment upon important types of ratios, or analysis by use of so-called statements of source and disposition of funds.
    (b) Outline the major arguments against enforced publicity of corporate accounts.
  5. (a) Discuss the effect of each of the following devices in bringing about separation of control from ownership in corporations: (i) the stockholder’s proxy, (ii) classification of stock.
    (b) Outline the main considerations determining a corporation’s dividend policy.
  6. Write on either (a) or (b):
    (a) What difficulties, if any, are created by the corporate form of organization for the theory of profits?
    (b) What effect do you think a sizeable tax on the transfer of securities (say 1 or 2 per cent of the market price) would have on the behavior of security prices?

Source: Harvard University Archives. Harvard University, Mid-year examinations, 1852-1943. Box 13, Folder “Mid-year examinations, 1936-1937”.

_____________________________

Reading Period Assignment
May 10—June 2, 1937

Economics 163: No additional assignment.

Source: Harvard University Archives. Syllabi, course outlines and reading lists in economics, 1895-2003. Box 2, Folder “Economics, 1936-37”.

_____________________________

1936-37
HARVARD UNIVERSITY
ECONOMICS 163
[Final Examination]

Write on four questions, including number 6. Divide your time about equally between them.

  1. “To justify the principle of discrimination is not to justify either particular instances or particular types of discrimination.” Discuss.
  2. Discuss the possibilities for regulating the earnings of public utilities either (a) with, or (b) without, valuation.
  3. Discuss the possible effects of regulation upon efficiency. What suggestions as to public policy can you make for strengthening the incentives towards efficient operation?
  4. “The arguments for and against public ownership are the same as the arguments for and against regulation.” Discuss.
  5. Discuss the problems of public planning for the size and structure of operating units and the relations between them, with reference to either (a) railroad transport, or (b) electricity supply.
  6. Write on transport coordination: its meaning, significance and possibilities.

Source: Harvard University, Examination Papers, Finals 1937. (HUC 7000.28, Vol. 79).

Image Source: Cover of the 1946 Harvard Album.

 

Categories
Economic History Funny Business Minnesota

Minnesota. What are economic historians made of? Heaton, 1949

 

My serious blog work has regrettably kept me lately from adding more to the series of “Funny Business” posts in Economics in the Rear-view Mirror. So as a late St. Nicholas present for 2020, I give you today’s post “What are economic historians made of?” composed by the University of Minnesota economic historian, Herbert Heaton.

Chapters from Heaton’s textbook Economic History of Europe (Revised, 1948) were assigned in the first economic history course I ever took; Harry Miskimin at Yale (Fall Semester, 1971) taught that class.

Heaton began his Presidential address before the Economic History Association with the following “foul doggerel” based on the children’s rhyme about “Snips and snails / And puppy dogs’ tails” (boys) and “Sugar and spice / And everything nice” (girls) and published in The Journal of Economic History, vol. 9, Supplement: The Tasks of Economic History (1949), pp. 1-18.

Heaton was the chair of the University of Minnesota’s history department from 1954 until 1958 when he retired. His short obituary in the New York Times (Jan. 26, 1973) also noted that Heaton was a visiting professor at Princeton in 1939-1940.

Of further interest

Heaton, Herbert. Edwin Gay, A Scholar in Action (1952).

Herbert Heaton papers at the University of Minnesota.

Biographical leads

Bourke, Helen. Heaton, Herbert (1890-1973). Australian Dictionary of Biography.

King, Jack. Herbert Heaton: A Scholar ‘Exiled’. History of Economics Review, Winter 2006

_____________________

What are economic historians made of?

Open fields and lord’s domains,
Venice loses, Antwerp gains.
Gold and silver that were Spain’s,
Factories, slums, and smelly drains.
Oople1 profits, workers’ chains,
Secular trends, depression pains.
Westward movements cross the plains,
Marx, Max Weber, Sombart, Keynes,
That’s what economic historians are made of.

1That is the English pronunciation of “entrepreneurial.”

_____________________

Biographical Snapshot from 1931
John Simon Guggenheim Memorial Foundation

HERBERT HEATON

Fellow: Awarded 1931
Field of Study: Economic History
Competition: US & Canada
Born: 06-06-1890
Died: 01-24-1973

As published in the Foundation’s Report for 1931–32:

HEATON, HERBERT:  Appointed to complete collection of material in Yorkshire and London for a volume on the Industrial Revolution in the Yorkshire woolen and worsted industries; tenure, twelve months from August 1, 1931.

Born June 6, 1890, in England. Education: University of Leeds, B.A., 1911, M.A., 1912, D.Litt., 1921; University of Birmingham, M. Com., 1914.

Assistant Lecturer in Economics, 1912–14, University of Birmingham; Lecturer in History and Economics, 1914-16, University of Tasmania; Lecturer in Economics, 1917-25, University of Adelaide; Head of Department of Economic and Political Science, 1925-27, Queen’s University, Canada; Professor of Economic History, 1927—, University of Minnesota.

Publications:  History of the Yorkshire Woolen and Worsted Industries from the Earliest Times to the Industrial Revolution, 1920;  Modern Economic History, with Special Reference to Australia, 1921. Articles in Thoresby Society Transactions, Economic Journal, Journal of Economic and Business History, Economic History Review, Quarterly Journal of Economics, Australian Economic Record, American Economic Review, Dalhousie Review, Proceedings of the Royal Society of Tasmania, Journal of Canadian Bankers Association, Queen’s Quarterly, Minnesota History, Virginia Quarterly Review. Contributor to Encyclopaedia of the Social Sciences.

Source (also source of the image): John Simon Guggenheim Memorial Foundation. Fellows page for Herbert Heaton.

 

Categories
Chicago Economic History Economists Harvard Nebraska Northwestern

Chicago. Economics Ph.D. alumnus. Ernest H. Hahne, 1930

I have mentioned this before, the papers of the economic historian Earl Hamilton are a grab-bag of essentially unsorted material. Sometimes you find a rough gem to include in Economics in the Rear-view Mirror. For this post below we have a brief description of Harvard economic history professor Edwin Francis Gay’s seminar. To complete the post I have uncovered a few career facts about the author of the letter to Earl Hamilton that congratulates him for his memorial article about Gay.

______________________

Ernest Herman Hahne
(b. Oct. 20, 1890; d. November 25, 1952)

1911. University of Nebraska, B.A.

1913. University of Nebraska, LL.B.

1914. Harvard University, A.M.

1916. Doctoral Dissertation in preparation. AER 1916, p. 503: The History of the meat packing industry in the United States.

1930. University of Chicago, Economics Ph.D. “Special Assessment Theory and Practise with Special Reference to Chicago.”

Listed among graduate students of political economy in the 25th year report of the University of Chicago department of political economy:

Academic career:

Taught sociology at the University of Chicago.

Taught economics and sociology at Dakota Wesleyan University (Mitchell, South Dakota)

Professor of economics, Northwestern (1919-1946)

Assistant dean of liberal arts college and director of the summer session at Northwestern.

President of Miami University (Oxford, Ohio)  April 1, 1946- November 25, 1952)

Chairman of the board of the Cincinnati branch of the Cleveland Federal Reserve

______________________

Miami University
Oxford, Ohio

Office of the President

December 22, 1947

Professor Earl J. Hamilton
Department of Economics
University of Chicago
Chicago 37, Illinois

Dear Earl:

Thanks for the complimentary copy of the memorial you have written on Edwin Francis Gay in the June issue of the American Economic Review. As I read it, it brought back many a fond memory. I don’t know whether I ever told you that I started writing my doctor’s thesis, the history of the parking industry, and Gay recommended that I go to University of Chicago and carry on additional work and get first-hand information there. Therefore I went to Chicago in 1915, eventually to wind up as an assistant in sociology under E. W. Small and Scott E. W. Bedford. I not only took Gay’s courses in economic history but followed them with his course on French and German economists. Most of us were taking the work not only to brush up on continental theory but also to master the languages preparatory to the general exams. We met in Gay’s home. The course was supposed to last about two hours. I doubt if it ever broke up in less than three and a half to four hours. It was a small group that sat at the feet of Gamaliel but it included Rice of Dartmouth, Stehman of Minnesota, Van Sickle of Wabash, and two graduate students who went into business.

I remember writing a term paper for Gay in French history on the origin of the British labor exchanges. I never worked so hard on a paper in my life, but when it came back with the word “Excellent” sighed E.F.G. I felt well repaid. In fact I still have that paper in my library. I prize it highly. All this is simply to say that your admiration of one of Harvard’s greatest teachers does not exceed mine.

Your memorial is splendidly done.

With the Season’s greetings and best wishes from the Hahnes to the Hamiltons,

Cordially yours,
[signed]
Ernest

Source: Duke University. David M. Rubenstein Rare Book and Manuscript Library. Economists’ Papers Archives. Earl J. Hamilton Papers, Box 2, Folder “Correspondence — misc. 1919, Aug. 26; 1920s-1970s and n.d.”

Image Source: Yearbook of Miami University, Recensio 1946, p. 13.

Categories
Berkeley Columbia Dartmouth Economist Market Economists Germany Iowa Northwestern

Columbia. Economics Ph.D. alumnus who killed his Dean and self at Syracuse. Beckwith, 1913

 

Imagine what can possibly go wrong when a narcissist finds himself (herself) terminated from nine jobs over the course of a decade. The worst case scenario of murder-suicide as the culmination of professional decline and fall for the 1913 Columbia Ph.D. alumnus, Holmes Beckwith, is documented below using a few contemporary press accounts. His story was sensational and reported widely across the country.

For this post I have added a chronology along with a pair of genealogical tables to help readers distinguish among the members of the Beckwith and the Holmes families mentioned. Warning: I have encountered numerous errors in the contemporary newspaper accounts.

The final entry included in the post paints a much more sympathetic portrait of Holmes Beckwith, reminding us all of the tragedy of mental illness.

The annual reports of the Hawaiian Mission Children’s Society served as a sort of “Alumni notes” with contact information as well as personal and professional news that were useful in keeping track of Holmes Beckwith’s movements over his brief professional career.

Useful genealogical information found at a roots.web Beckwith page.

Note: Holmes Beckwith does not appear to have been closely related (if at all) to William Erastus Beckwith, husband of 1925 Radcliffe Ph.D. Ethelwynn Rice).

_________________________

Chronology

1884. Born October 5 in Haiku, Maui of the Hawaiian Kingdom. Parents: Frank Armstrong Beckwith (1854-1885) and Ellen Warren Holmes.

1900. Lived with his mother (Ellen), sister (Ruth), and aunt (Mary G. Holmes) in Los Angeles.

Holmes went to high school in Los Angeles.

Attended Pacific Theological School at Berkeley, CA, completing about half the course, transferred to University of California.

1906. Address: 2231 Dana St., Berkeley, CA. (Source: Hawaiian Mission Children’s Society)

1907. Address: 2231 Dana St., Berkeley, CA. (Source: Hawaiian Mission Children’s Society)

1908. B.L. from University of California, Berkeley.

Address: 2223 Atherton St., Berkeley, CA. (Source: Hawaiian Mission Children’s Society)

1909. M.L. from University of California, Berkeley.

Address: 2223 Atherton St., Berkeley, CA. (Source: Hawaiian Mission Children’s Society)

1909. June 22. Marriage to Helen Frances Robinson in Berkeley, CA. (Source: Hawaiian Mission Children’s Society)

1910. Address: Columbia University, New York City. (Source: Hawaiian Mission Children’s Society)

1911. Address: Columbia University, New York City. (Source: Hawaiian Mission Children’s Society)

1911. Summer. Research trip to Germany for dissertation.

“To learn at first hand from German experiences, I spent the summer of 1911 investigating industrial education in Germany. The cities visited were selected with a view to their importance industrially and include a number of the chief industrial centers in various lines of manufacture. The following cities were visited: The city State of Hamburg; Leipzig, Dresden, Chemnitz, and Plauen in Saxony; Munich in Bavaria; Mannheim, in Baden; and Berlin, Magdeburg, Frankfort on Main, Coblenz, Cologne, Dusseldorf, Elberfeld, Barmen, Dortmund, Essen, Duisburg, Crefeld, Munchen-Gladbach, Rheydt, and Aachen, in Prussia.” From the Preface of his dissertation.

1911-12. Dartmouth College. Instructor in economics.

Entered Federal service, Children’s Bureau (the Bureau of Education published his dissertation). The Children’s Bureau was established April 9, 1912 by President William Howard Taft. Initially part of the Department of Commerce and Labor. After 1913 it became part of the Department of Labor.

1913. Ph.D. from Columbia University.

German Industrial Education and its Lessons for the United States. Printed in the U.S. Bureau of Education [Department of the Interior], Bulletin No. 19, 1913. [Professor Henry R. Seager acknowledged in the preface]

1913-14. University of California. Assistant in economics and political economy.

“The Rev. F. H. Robinson of 2809 Russell street, Berkeley, his former father-in-law, states that his severity toward the students at that time caused them to demand his resignation.” The San Francisco Examiner. 3 April 1921, p. 8.
“According to colleagues in the department of economics in the university, he was ‘very eccentric.’” Oakland Tribune, Apr. 2, 1921, p. 1.

1914. Address: 3008 Benvenue Ave., Berkeley, CA.  “Mr. Holmes Beckwith is a professor in the State University at Berkeley, Calif., and has recently received the degree of Ph.D.” (Source: Hawaiian Mission Children’s Society)

1914. August-December as bank examiner with the California State Banking Commission.

“Officials of the commission said the bankers complained he ‘lectured them like students’ on the theories of their own business instead of confining himself to the actual examination work”. New York Herald, April 3, 1921, p. 17.

1915. Address: Department of Labor, Washington, D.C. (Source: Hawaiian Mission Children’s Society)

1915-16. Officers’ training camp at Plattsburgh. [according to NYT: discharged for physical disability.] First Lieutenant of artillery (?), U.S. Army. [Note: I have not been able to confirm the reported military service claims yet.]

1916-17. Grinnell College.

“Several years ago a Holmes Beckwith was an assistant professor in the department of business administration at Grinnell college. He was here about a year and was never popular with the students. He left Grinnell about the middle of 1917.” The Gazette (Ceder Rapids, Iowa), April 2, 1921, p. 1.

1917. Address: Department of Labor, Washington, D.C. (Source: Hawaiian Mission Children’s Society)

1918. Address: Department of Labor, Washington, D.C.  (Source: Hawaiian Mission Children’s Society)

1919. Address: 1724 Chicago Ave., Evanston, Ill. (Source: Hawaiian Mission Children’s Society)

1918-19Northwestern University, Assistant Professor of Banking.

“…where he was described as being nervous and erratic.” New-York Tribune April 4, 1921, p. 5.

1919-20. Colorado College, College Springs, CO.

“He had a penchant for telling stories that were considered risqué for a Christian college.” New York Herald, April 3, 1921, p. 17.

1920. Address: 817 N. Tejon St., Colorado Springs, Col. (Source: Hawaiian Mission Children’s Society)

1920-21. Syracuse University, College of Business Administration. Instructor in Insurance.

1921. April 2. Suicide (+Murder). See below.

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Cast of relatives
[boldface denotes persons mentioned in the newspaper accounts]

Holmes Beckwith: Father’s side

(Grandparents)
Edward Griffin Beckwith (1826-1909)

(Granduncle)
George Ely Beckwith (1828-1898)
m. Harriet

(father)
Frank Armstrong Beckwith (1854-1885)

m. Ellen Warren Holmes in Montclair NJ

(Aunt)
Martha Warren Beckwith
(1871-1959)
(Aunt)
Mary E. Beckwith (1867-) teacher, artist
Holmes Beckwith
(1884-1921)
m. Helen Frances Robinson in 1909.
(sister)
Ruth Beckwith
(1882-1968)
m. Amasa Archibald Bullock

Note: (Professor) Aunt Martha Beckwith in Poughkeepsie, N.Y. had been a protégé of Columbia anthropologist Franz Boas. She became chair of the Vassar folklore department.

Holmes Beckwith: Mother’s side

(maternal grandparents)
Samuel Holmes (1824-1897) and Mary Howe Goodale (1829-1899)

(mother)
Ellen Warren Holmes (1857-1902) m. Frank Armstrong Beckwith in 1881
(uncle)
David Goodale Holmes (1865-1944) m. Elizabeth Ann Bates (1862-1940) in 1886
(aunt)
Mary Goodale Holmes (1862-1960)

(uncle)
George Day Holmes (1867-1953) m. Julia Georgiana Rogers Baird, (1868-1928) in 1896.

Note: Uncle David Goodale Holmes of East Orange, N.J. was President of the Utility Company, 636 West Forty-fourth Street, New York City according to the report of New York Times, April 4, 1921, p. 17. Uncle George Day Holmes lived with his wife Julia in Montclair, N.J. Since she died in 1928, we can presume she was the ill aunt (presumably Aunt “Hattie”) who was not to be told of Holmes’ death.

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Professor Slays Dean, and Himself
Former U.C. Instructor Ends His Life After Fatal Shooting At Syracuse University; Note Tells of Plans
Dr. Holmes Beckwith, Once Employed As Examiner for State Banking Commission, Well Known in Berkeley

Oakland Tribune
02 Apr 1921, Page 1

By Associated Press.

SYRACUSE, N. Y., April 2. — J. Herman Wharton, dean of the College of Business Administration, Syracuse University, was shot and killed by Holmes Beckwith, professor of financial and insurance subjects, in the college this morning. Beckwith then turned the gun on himself and committed suicide. The shooting occurred in. the office of the School of Administration, in the College of Agriculture building. Professor Beckwith had been unpopular with the students, it was said, and petitions had been circulated among the student body asking for his removal.

Note tells of plan to commit suicide

In a statement issued soon after the shooting, Chancellor Day declared that it was his belief that Dean Wharton died trying to prevent Professor Beckwith from committing suicide. [Later reports note this is incorrect.] This was indicated in a note left for Dean Wharton by Prof. Beckwith, the chancellor said, in which he intimated that he was going to kill himself and referred to alleged unjust treatment of himself based on the fact that he had been dismissed, the dismissal to take effect at the end of the year. Dean Wharton’s chair, a stout one, was broken. He evidently leaped from it when Beckwith tried to kill himself, the gun was turned on him and the dean was shot through the head. Beckwith was shot in the chest. He also stabbed himself to make death certain. [This is apparently incorrect, though he was found to have had knife with him.]

Suicide was once artillery lieutenant

Dr. Beckwith was a first lieutenant, field artillery, in the world war. He joined the Syracuse University Faculty last September [1920]. He was head of the department of finance and insurance. Dean Wharton was a graduate of Syracuse university and has been an instructor there for the last few years. Two years ago he conceived the idea of a college of business administration and he was appointed to carry out the plan.

San Francisco, April 2. — Dr. Holmes Beckwith was an examiner for the State Banking Commission from August to December, 1914, and was dismissed upon complaint of the banks that he was not a proper person for the position, according to the commission’s records. These records show that he obtained the highest marks of those who participated in the test for examiner.

Beckwith was well known on U. C. campus Berkeley, April 2. — Holmes Beckwith was well known in Berkeley. At the University of California, where he was both a student and an instructor, he bore a reputation for being somewhat peculiar. According to colleagues in the department of economics in the. university, he was very eccentric.

Beckwith was a graduate of the State University of the class of 1908 and took his master’s degree a year later. Going East to study, he was granted a doctor of philosophy degree in Columbia in 1913. After receiving the Columbia degree he came to the University of California from Los Angeles to occupy a place on the college faculty. For the college year 1913-14 he was an assistant in economics at the university. He was reappointed for the following year of 1914-15, but did not serve.

_________________________

The Philadelphia Inquirer
April 3, 1921, pp. 1, 10.

“Beckwith failed to attend a meeting of the college faculty yesterday afternoon [April 1] and instead sent a letter to Dean Wharton, intended to be read at the meeting. The letter was found on Professor Wharton’s desk today after the murder.”

_________________________

Fires Five Bullets into Victim’s Body; Commits Suicide
John Herman Wharton of Syracuse University Slain by Prof. Beckwith in Revenge for Dismissal of Latter — Apparently Crazed by An Obsession of Persecution, as He Had Written of Impending Tragedy.

The Buffalo Times
April 3, 1921 [pp. 21-2.]

By Associated Press.

SYRACUSE, N. Y., April 2. — Dr. Holmes Beckwith, a former United States army lieutenant and California bank examiner, shot and killed his superior, Dean John Herman Wharton at Syracuse University, this morning, before commiting suicide himself, was probably insane as a result of chagrin over losing his position here, according to statements made by the authorities and Chancellor James R. Day of the University late tonight.

That Beckwith had premeditated suicide had not been clearly established, the instructor having left several letters showing his intention in that respect.

At first it was believed that Dr. Wharton had been killed in an unsuccessful attempt to prevent Beckwith’s suicide but this theory has now been cast aside.

Shot After Quarrel.

Coroner C. Ellis Crane, District Attorney Frank Malpass and Chancellor James R. Day are all agreed in the belief that Dr. Wharton was shot following an argument when Beckwith presented a letter in answer to Wharton’s notification that the university would have no need of Beckwith’s services after the close of college in June.

Five bullets were found in Dr. Wharton’s body indicating that Beck with had made sure his superior was dead before he turned his revolver upon himself and committed suicide.

Dean Wharton was in his 32d year and had been an instructor at Syracuse University since his graduation from that institution eight years ago. He was made dean of the College of Business Administration two years ago and Beckwith was one of the instructors under him.

Beckwith had been the butt of several jokes by the college student body during the last year. He had established the practice of locking the doors of the class room at the exact minute passes were due to begin and he would not admit tardy pupils.

He was strict in discipline and in the matter of time devoted to his classes and he had some peculiarities which made him more or less of a victim for students’ pranks and he was decidedly unpopular with them. It is claimed they circulated a petition for his discharge last fall.

University authorities had convinced themselves that Beckwith was a liability rather than an asset and last Monday he received his notification to look elsewhere for a teaching assignment next fall.

He protested but his arguments were without avail.

“Cornered Rat Will Fight.”

Friday night, it has been established, he spent hours in his room writing letters, one of which was addressed to Dean Wharton. It was lengthy document saying among other things, a “cornered rat will fight.”

His uncle Holmes of Montclair, N. J., be notified and that his action be kept from an aunt who is ill.

He wrote two aunts, Dr. Martha Beckwith and Miss Mary Beckwith of No. 50 Market Street, Poughkeepsie. N. Y., and to “Aunt Hattie,” believed to reside in Montclair. The letters thanked the relatives for their love and care assuring them that he loved them.

That he had a rather turbulent career and regarded at least two persons, outside of Syracuse, who had figured in his troubles in the educational world, as being worthy subjects for murder is shown in the story of his life, written under date of March 30, and turned over, according to his written wishes, to Prof. John O. Simmons, a faculty member here.

Discussing his discharge at Colorado College, Dr. Beckwith speaks of a Mr. Howbert, a bank president, apparently one of the board of governors, and writes:

“Mr. Howbert’s anger knew no bounds, I have never met him. I think a man to take the action he did is so unjust he should be shot.”

In his written story of his life he discusses troubles he had at Grinnell College in Iowa, which evidently culminated while he was serving in the army. He wrote:

“I would have murdered Mr. Main who certainly deserves this end in having treacherously betrayed one in his country’s service. Then I would have shot my self.”

Born in Hawaii.

The story of Beckwith’s life shows he was born October 5, 1884, in Kaiku, Island of Maui, then one of the Hawaiian kingdom. His father and grandfather were Congregational ministers and his one sister, Ruth Beckwith Bullock, is a missionary in Siang-Tan, China. He attended the Pacific Theological School at Berkeley, Calif., but did not complete the course. In 1911 he was graduated from Columbia, to which university he transferred in 1908. He married Helen Frances Robinson in California before entering Columbia. They had separated some time ago.

After graduation he spent a short time in Germany and returned to America as a teacher at Dartmouth. He condemned Dartmouth “as the toughest college In America, all men, the dominant element of whom delights in toughness.” He had trouble there, blaming his trouble on Prof. George R. Wicker, of whom he says “this humane cur, Wicker, has since died.”

His story tells of engagements in California, Colorado and Iowa, finally reverting to Syracuse.

Dismissed as Bank Examiner.

SAN FRANCISCO, Calif., April 2. — Dr. Holmes Beckwith was an examiner for the State Banking Commission from August to December, 1914, and was dismissed upon complaint of the banks that he was not a proper person for the position, according to the commission’s records.

The records show that he obtained the highest marks of those who participated in the test for examiner but was unable to meet the standards of the position in the financial field. Officials of the commission said that the bankers complained that he “lectured them like students” on the theories of their own business instead of confining himself to the actual examination work. He went to the banking commission from the University of California, where he was an instructor in economics and political economy.

Letter Beckwith Wrote Shows He Resented Wharton’s Act

SYRACUSE, April 2. — The following letter, written to Dean Wharton by Professor Beckwith, was found on Dean Wharton’s desk. In it the professor claims that he was in difficulties with the students only because he refused to permit them to run his classes.

“My attitude toward the students is that of seeking their best good,” Professor Beckwith wrote, protesting against his dismissal.

His letter follows:

The School of Business Administration.
John Herman Wharton, Director.
Department of Banking and Finance.

Holmes Beckwith,
Early Childs.
April 1, 1921.

To Dean John Herman Wharton and to whom it may concern:

I received last Saturday morning a letter from you stating that you did not care for further services on this faculty after this year. This was a great surprise to me, despite several conferences we have had in which some friction with students was discussed. I thought the matter was solving itself. I visited you at your home on Monday afternoon, and we discussed the matter, and I protested to you against the injustice done me. This was in vain.

Your only statement of causes was that certain disciplinary troubles and friction had arisen in my classes, and that I was not popular with my students. Now popularity Is NOT always easy to explain, or the lack of it, but certainly a man’s right to his position should not be dependent on such a fickle force. I believe that it is evident in the present case that this unpopularity is due primarily to my maintenance of relatively high scholastic standings, and to my suppressing certain tendencies toward running of the class by students.

The chief trouble was in money and banking class in the first semester. There was a very large registration, yet the whole number only filtered into class days late. This delayed the process of dividing into sections and started a spirit of unrest. Then the students objected to assignments averaging about two hours’ preparation per hour of recitation or lecture, which is I believe a proper standard for bona fide institutions. They walked out in a body on the day of any important game. The net result was, in one direction, that their grades suffered severely, and I had, after very careful consideration, to mark 33 out of 50 as failed. Those who failed, or many of them, I am told, objected seriously to this, and called me unfair.

I deny the charge, and assert that I have tried to be entirely fair throughout, and believe I have been so. I have no motive to be otherwise; and justice means much to me, not only toward myself, but towards others. These facts stated above explain any opposition on the part of any students, I believe sufficiently.

The dean says that other instructors have not had similar trouble. I know positively that some others have had. Though not so much as I. He says “force has its limitations in controlling students, and personality” must be used. I recognize this, and neither used force nor authority exclusively, nor failed to use personality.

Here inconsistency is shown by his suggesting at one time greater strictness, at another time less. My attitude toward my students is that of always seeking their best good. But that best good is not to be sought by slipshodness and making things too easy. I may say, without pressing the point, that a number of the faculty on the hill are too lax in standards, both of scholarship and discipline, seeking and obtaining popularity in degree thereby. These men constitute unfair competition to those of us who try to bring the students to higher levels in these respects. I am not naturally strong as a disciplinarian but with any proper students and any proper administration or support do well.

My subjects are technical and my students find them hard. This explains some of their reasons. They are not as a group, willing to pay the price for this knowledge and ability. Among them, I am glad to say, are some, whose earnestness is excellent and a few quite capable students. The student attitude in my classes, and I believe toward me personally, has been bettering. Dean Wharton did not care to consider this. Syracuse University is notably low in scholarship and low in discipline, honesty and general student morale. These facts are notorious, every faculty man knows and deplores them; many students also.

The dean’s action follows the line of least resistance, and shows little or no principle. It is easier to suit a number of disaffected students than one professor; to do injustice to one and to support that one in maintaining or securing some one higher standard. And certainly as to scholarship, who knows better or as well what is a requisite standard than the specialist in charge?

Such treatment is not new to me. This may seem to excuse the treatment but does not, I leave this point to ethical students. My rights are independent of the misconduct of others, as in the present instance, students or certain students. Unfortunately, by consent of the general student body, or of all in a class, the tone is often given more by the poorer or less desirable student than by the better element. It is the psychology of the mob in a degree. This matter at present is slowly improving in the college, due to student co-operation action.

I have a right to earn my living, to serve and be served. The world owes me a living — provided I can earn it. This right, is independent of whether I am given an opportunity to earn it or not. I am entitled to that opportunity in proportion to my ability. My physical qualifications are admittedly high and there is no criticism, expressed or implied as to them, or as to my technical conduct of teaching, or ability to impart. My recommendations on file in the dean’s office bear sufficient testimony to my ability.

[New York Herald,  Apr 3, 1921, p. 17 reported the previous paragraph followed by the following two paragraphs.]

Even a cornered rat will fight. With others primarily, as I believe, at fault, should I alone bear the burden? I have written a general statement of my earlier experiences, which will aid in interpreting me for any who so desires.”

(This paragraph reported in other accounts as the end of Beckwith’s longer, autobiographical letter) “I shall cease to exist. My consciousness, a function or product, in some sense of my whole organic life, will cease and will remain a memory only. I trust I have bettered the world rather than the reverse. Om mane padne om! (The dew droops slips into the shining sea).”]

What did I mean by claiming right? The cynic denies that there is such a thing. The political scientist sometimes says there are no rights in society, organized as a State, has not formally granted by law.

Unfortunately the right to earn a living is not one of those thus far recognized by law. I believe it is a right notwithstanding. I am not embracing the so-called rights fallacy — or not the fallacious part of it. This fallacy consists in thinking that there are any rights, always and anywhere valid, not dependent on circumstances. Yet the heart of the doctrine is true that right exist, whether men recognize them or not. I consider that rights in the best sense, that is expedient or rational rights, are claims which are within accord with social or public expediency — mine for continuous employment in accord with my abilities and recognition of such abilities? Social interest in this case requires, I believe, administrative support, continuous support, and pressure, to raise the student standard, rather than the ousting of me. I have only asked reasonable standards of them and even compromised to the extent of raising every student 10 per cent, in most classes, who would thereby pass.

The present situation is intolerable to me, in the strict sense. This isn’t largely due to the repetition here of similar treatment elsewhere received. Despite similar injunctions I have arisen, by inherent ability and hard work. I have had so many changes of location, also so many different courses, and developed them so much, by mimeographed notes and otherwise, that I have not had time to write for publication yet. My rise has been due to my ability; the obstacles and injustices due to conditions not primarily my fault.

I have been bruised for others’ iniquities.

I informed the dean that he had made the situation intolerable to me and presented my case, asking for justice. He refused, and said his action was final. I cannot continue thus — subject to lack of confidence of those in authority, worry, depression often-times as now marked, lack of incentive and of hope. Some students and others simply do not like my type of man, or the standards which I represent; though I think and many friends think (I believe) that the type is a high one, of much potentialities of good for the world.

Dean Wharton and some others in authority have given way to this pressure, taking “the easiest way” for them, and in doing so repeatedly confirmed my suspicions that the world, as a whole, as indicated by the attitude of those who control the situation, is unfriendly to me. I cannot be hardly accused of ingratitude if I do not accept this opinion and consider that the world has not even given me a semblance of justice. The dean is fully responsible, as he accepted this proposition. He could support me, and should but refuses. Collectively the students who oppose me (I am glad that that does not include all my students, and I believe the dean underestimates the extent of their loyalty to me) have the main responsibility.

[New York Times, p. 14 includes the following:
“They started this and are about to see their handiwork come to fruition. Perhaps they may earn something from this that will benefit themselves and others. The tyranny of the mob over the individual is here very evident, and the individual is not strong enough to permanently stand against the mob.
I do not believe I have been appreciated. I have not done injustice to anyone. I have fought the good fight and my conscience is clear. I am too idealistical ethically, not philosophically, for my own good. I realize that principle means too much to me. Even a cornered rat will fight. With others, I believe, primarily at fault, should I alone bear the burden.
The law was established to settle quarrels, not to establish justice, which is incidental only. I quote from a prominent New York attorney. Since the world has so greatly failed to give me justice, why would not I, as fully as my power permits, attempt to secure a modicum of justice?
If society would have it otherwise, let them establish it.”]

** ** ** ** ** ** **

Beckwith Butt Of Jokes from First Class Day

SYRACUSE, N. Y., April 2. — Professor Beckwith was the butt of jokes by the students from the first day that he took a class. When he was registering a class in banking and finance, some jokester wrote a fake registration in the name of “Makiswash Blivitz” and turned it in. The professor failed to realize that the name was false, and he put it in his registration book, and never failed to call it out when taking the attendance or calling the roll.

The name of “Blivitz” always drew a laugh from the students. To make their joke more certain, they occasionally imported a law school student, a stranger to Professor Beckwith, who answered to the call of “Blivitz.”

The joke was too good to be retained within the student body. The faculty heard of it, and of course, some of the professors laughed about it, too. Then it reached the ears of Chancellor Day, and he instructed Professor Beckwith to take the name of Blivitz from his lists.

Professor Beckwith refused to do this, however, thinking that some day he would catch the student who sometimes answered to the name and make an object lesson of him. One result was that the newspapers heard of it, and one printed a series of “Blivitz” stories, which annoyed the professor tremendously.

Another thing for which the professor became noted was that he operated his classes under lock and key. As soon as the bell rang for a class he locked the door, and if a student came late he was admitted by the professor himself.

It was also noticed by the students that if Professor Beckwith’s class concluded its work a few minutes ahead of time he always held them in the class room until the exact minute scheduled for closing of classes.

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Murder and Suicide Verdict Given in Syracuse Tragedy
Dr. Wharton, Victim of Radical Professor’s Bullet,
Was About to Marry a Rich Woman, Friends Say

New York Tribune
April 4, 1921 [p. 5]

SYRACUSE, N. Y., April 3. “Murder and suicide” was the coroner’s verdict to-day in the double tragedy at Syracuse University yesterday when Professor Holmes Beckwith shot and killed Dean John Herman Wharton, of the College of Business Administration, and then, reloading the gun, fired two bullets into his own body, killing himself.

Beckwith fired five bullets into the body of the dean as it lay on the floor turned the revolver on himself and fell ten feet away.

Professor Wharton’s body was removed to his home in Clarendon Street where funeral services will be held. Beckwith’s body has been claimed by David G. Holmes, of East Orange, N.J., an uncle.

Authorities are still delving into the mass of letters, papers, essays and other documents left by the murderer in his home and sent, to various friends and college associates, most of them; written after he had been asked to resign from the Syracuse faculty at the end of the college year. It was learned to-day that Dr. Wharton was about to be married. So far as can be learned he had not given out the name of his prospective bride even among his intimate friends. The woman is understood to have been of independent means. Beckwith’s last literary effort, his life story, given to the public by Professor J. O. Simmons, reveals the entire philosophy of the assassin, American-born in Hawaii, intellectual apostate Christian, athletic dilettante, reader of strange tongues, sociologist, egoist, professed lover of humanity, army officer, dabbler in Far East religions, radical, atheist, murderer and self-slayer.

Among his effects was found a snap-shot photograph of his father and former President Taft as classmates at Yale, where they wore contestants for the presidency of the class.

That the crime was premeditated shown by Beckwith’s own writings. Desperate because of repeated failures to hold a place in the teaching profession, having been dismissed in disgrace from all of the nine places he had he since graduation from the University of California ten years ago, he determined to leave a world in which could not succeed and to take the man he held responsible for his latest failure along with him.

On several other occasions, when he had been dismissed from college faculties, he had planned murder, sometimes suicide in addition. Once was at Northwestern University at Evanston, Ill., where he was described as being nervous and erratic.

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Suicide and Deathwished in Biography
Slayer in Syracuse Tragedy Was Obsessed With Belief of Persecution at Hands of University Executives
Had Murder of His Employees [sic] in Mind Frequently and Brooded Over Trouble With Wife, His Writings Reveal

Oakland Tribune (California). April 3, 1921, p. 33.

By Universal Service. Leased Wire to Tribune.

Syracuse, N.Y., April 2. —

That death and suicide ran continuously through the mind of Dr. Holmes Beckwith of the college of business administration of Syracuse University, who today shot and killed Dean John Herman Wharton, and then committed suicide, is shown in his farewell biography.

That document shows:

First, that Dr. Beckwith had in his mind the murder of President John Hanson Thomas Main of Grinell College.

Second, that Dr. Beckwith thought that President Irving Howbert, of the First National Bank of Colorado Springs “should be shot.”

Third, that Dr. Beckwith considered the late Dr. George Ray Wicker, his superior at Dartmouth, a “human cur” and a man “who would stab his best friend in the back if he saw an advantage in it.”

Suicide Obsessed by Idea of Persecution

Dr. Beckwith finally was crazed by the obsession that he was the target for persecution at nearly every college where he taught, and this was aggravated by mourning for his wife, who had divorced him and whom, he believed, had married again.

Dr. Wharton had advised Dr. Beckwith that his services would be no longer required at Syracuse after June.

Dr. Beckwith, a native of the Hawaiian Islands, was a former bank examiner in California and expert in finance and statistics. Before coming to Syracuse Dr. Beckwith was professor of similar subjects at Colorado college, Colorado springs. Also he was formerly with Iowa State University [sic, Grinell college] and the school of commerce at Northwestern University, Evanston, Ill. He had degrees of bachelor of law and master of law at the University of California and doctor of philosophy from, Columbia University.

In his farewell biography Dr. Beckwith says:

“In 1909, before going to Columbia I had married Helen Frances Robinson of Berkeley a fellow philosophical student. We also went to Germany together. On return from Germany we settled at Hanover, N.H., where I had a position as instructor in economics in Dartmouth college.

“The start here was extremely unfortunate, as Dartmouth is the toughest college in the country. I had some disciplinary trouble with my students. Another element was the personality of the professor in charge of the beginning course, in which all my work lay. He, Professor George Ray Wicker, is a bright man, an idealist in the abstract, but as my office mate stated, he would “stab his best friend in the back if he saw an advantage in it. He sought my discharge and evidently demanding it from his chief, I was left to shift for myself.”

Wife Finances Him When Out of Work

Later, the Beckwiths landed in New York, “broke.” Beckwith details:

“Karl and his wife, Sadie Robinson, my wife’s first cousin, took us in and got Helen a position as his secretary in a war relief organization. She financed us in the main, all that year, aided by the proceeds or sale of my share and by realty dividends. My wife deserves all credit for this aid, aptly given to a hard-pressed husband.

“In August, 1916, I went to Plattsburgh officers’ training camp at infantry. I then left to take a position as assistant professor of business administration in Grinnell college, Grinnell, Iowa. An affair had developed between Karl Robinson and my wife. She later ceased to love me and the upshot prolonged over a number of heart-rending years (for we had been for years very well and thoroughly married) was that my former wife is now Mrs. Karl Davis Robinson of New York City; the former Mrs. Robinson is now alone with two children; and I am alone. In this matter I may say that the guilty pair have, I believe, the sympathy of no one who knows the case, though their families can not fail to regard them as still blood relations and friends. I am, I am glad to say, still enrapport with my wife’s family and especially, good friends with her mother.”

Then came a period of military service. Discharged for disability, Beckwith went back to Grinnell. The instructor was met with a refusal of his old berth on the faculty. Beckwith held President Main responsible.

“I would have murdered Mr. Main, who certainly deserves this end in thus treacherously betraying one in his country’s service,” he writes.

Colorado College Afford Trouble

Next came his connection with Colorado college. He styles President Diniway as “a weak, unscrupulous man, the tool of the trustees.” He claims President Irving Hawbert, of the Colorado Springs First National bank, demanded his discharge because Beckwith used another bank than his.

An atheistical religious lecture also was involved in the controversy, Beckwith says: “Mr, Judson M. Bemis, self millionaire and founder of the department in which I taught, learned of the religious lecture, took violent opposition thereto and had his private detectives look up all the incumbents of the department chair.”

In conclusion, Beckwith says:

“The world as a whole has not given me justice, or anything like justice. I am comforted in a measure by the loyalty and appreciation of some friends. But it seems that the employing class, the executives who hold my fate in their hands, have been notably unfriendly as a class. Injustice rankles; it cuts like a knife. The worry, the fears, the uncertainty, the depression due to the injustice and lack of appreciation, the constant moves, the lack of incentive to good work, are not permanently endurable. They must end—in some way.”

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Beckwith Leaves Estate To Aunt; Gives Sister Only $10

Buffalo Courier, April 9, 1921 p. 2

Syracuse, April 8. – Prof. Holmes Beckwith, who shot and killed Dean Wharton and himself at Syracuse university last Saturday, leaves practically his entire estate, valued at $4,500, to an aunt, Mrs. Mary G. Holmes of Los Angeles. The will was filed for probate by David G. Holmes of East Orange, N. J., an uncle, today. A sister, Ruth B. Bullock, doing missionary work in China, is cut off with $10 because, “in my years of severe trouble she, unsister-like, gave me no economic aid and only scant sympathy.”

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Report from the Hawaiian Children’s Society, 1922

Holmes Beckwith.–The tragic circumstances attending the death of Holmes Beckwith may lead those who did not personally know him to misunderstand his life and character. It was perhaps to the completely feminine control under which he grew up that he owed a sensitiveness almost woman-like. His exacting Puritan ancestry gave him his habit of introspection and his dependence upon an absolute justice which never allowed him the relief of compromise. Intellectually he was as honest and open as the sun. He loved to be out of doors, had disciplined his body to long tramps and his mind to the love of solitude in the open. Yet he was the most social of beings. He was a quick and accurate observer; as a boy of eleven he knew the rigging of every craft in New York harbor. His habit of systematic thinking made him able, without practical experience, to grasp difficult technical subjects with astonishing readiness and clearness and to delight in such acquisition. He collected and sorted knowledge as other men collect objects of value. He was gentle with women. Children adored him. A fellow-boarder who knew him during his last year at Syracuse writes of “his fidelity to intellectual honesty and industry, with an eye single to the welfare of humanity which was his guide and passion in all he said and did,” of “his character sound to the core, the high aspirations, the honesty, simplicity and courage, together with a warm heart, zeal for service and brilliant intellect.” She says, “He cared more for religion even in these last years, than for anything else in the world.”

A friend and fellow-student in his university days writes, “No man held in reverence a higher standard of right in private and in public. He was not like other men, nor did he know men well enough to make allowances for their weaknesses. He applied to them the same rigid exactness he did to himself. His fine strong life and adherence at all costs to what he felt right and true will leave a lasting impression on all students he has studied with. He was always so genuinely interested in every detail of life, and without a cantakerous feeling in the world, was so frank and open and free, I shall always be his debtor. I can see him now as he swung along fast, yet firm down a street, every nerve and both eyes intent on his present plan I can hear his hearty greeting: ‘Hello, Arch, how do you function in your philosophic soul?’ He never lost one whit of his direct boyish appeal and immediate contact with everyone. He took every one straight into his thought just as he tried to get straight into theirs.” Those who knew and appreciated his brilliant capacities and un swerving honesty of life and purpose, and who watched his brave struggle with those inherent difficulties of temperament which blocked his progress among men, can say with confidence that his life was at no moment an unworthy one; and the tragedy of his death was such that those who best knew the circumstances and who suffered most directly from them, have attached to him no blame.

Source: The Seventieth Annual Report of the Hawaiian Mission Children’s Society, 1922, pp. 68-69.

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Image Source: Pittsburgh Press (April 6, 1921), p. 36.

Categories
Economics Programs Johns Hopkins

Johns Hopkins. Activities of department of political economy, 1935-1936

 

Annual reports by university presidents often include chapters submitted by individual faculties, schools, and/or departments about their instructional, research, and outreach activities. Economics in the Rear-view Mirror is as good a place as any to serve as a digital depository of such dispersed material that can document time-lines for individual economics departments and economists. It would be boring for both the curator and subscribers to be subject to a long continuous stream of such material from any one department, so from time to time, I’ll just add additional years and gradually complete the time-series of reports.

_____________________

1935-1936
POLITICAL ECONOMY
[at Johns Hopkins University]

The instruction in Political Economy was directed by Professor Hollander, who met students daily in seminary organization for formal study and for cooperative research. The courses were designed to afford systematic instruction in general economic principles, intimate acquaintance with special fields of economic activity, and, most important of all, knowledge of and ability to employ sound methods of economic research. Dr. George E. Barnett, Professor of Statistics; Dr. William O. Weyforth, Associate Professor of Political Economy; Dr. Broadus Mitchell, Associate Professor of Political Economy; Dr. George H. Evans, Jr., Associate Professor of Political Economy; Dr. Howard E. Cooper, Associate in Political Economy; and Dr. Roy J. Bullock, Associate in Political Economy, assisted in the conduct of the work.

ECONOMIC SEMINARY

The papers and reports presented to the Seminary were as follows: Gregory King, the Political Arithmetician, by Professor Barnett; The History of British Preference Shares, by Dr. Evans; The Baltimore Wholesale, Fresh Fruit and Vegetable Market, by Mr. Deupree; Tench Coxe and the Federal Constitution, by Mr. Hutcheson; Hamilton’s Early Financial Papers, by Dr. Mitchell; Constitutional Restrictions on Economic Liberty, by Dr. Kahn; The Historical Development of the Massachusetts Municipal List, by Mr. Hickman; Food Marketing and Public Policy, by Dr. Bullock; The Baltimore Clearing House Association, by Mr. Hales; Real Property Tax Delinquency in Maryland, by Miss Wolman; The Trade Acceptance in America, by Mr. Wilcox; The Banking Principle and the Currency Principle, by Dr. Weyforth; The Settlement of Frederick County, Maryland, by Mr. Douglas; The Literary and Economic Influences upon Alexander Hamilton, by Mr. Rappeport; Tench Coxe’s Plea for a National Economy, by Mr. Hutcheson; Real Property Tax Delinquency in Baltimore, by Miss Wolman; Administrative Control of Labor Relations, by Mr. Ziskind; The Fiduciary Nature of the Savings Bank, by Mr. Hickman; The Street Railway Industry, by Mr. Saks; The History of Marsh Market, by Mr. Deupree; The Origin of the Baltimore Clearing House, by Mr. Hales; Industrial Corporate Surplus, by Dr. Cooper; The Concept of Self Interest in Adam Smith and Related Writers, by Mr. Lovenstein; The Growth of Municipal Indebtedness in the United States, by Mr. Shattuck; Investment Affiliates in Recent American Banking, by Mr. Peach; Small Scale Enterprise in the Anthracite Coal Fields, by Mr. Lanyon.

Appreciable progress has been made by members of the Seminary in the study of special aspects of the several questions chosen for investigation. The income of the Lessing Rosenthal Fund for Economic Research has been of aid in connection with Mr. W. Braddock Hickman’s study of “The Legal Control of Savings Bank Investments in Massachusetts” and with Mr. Harold Hutcheson’s study of “Tench Coxe.” The Fund was also drawn upon for temporary advances toward defraying the cost of publication by the Johns Hopkins Press of Dr. Evans’ “British Corporation Finance,” of Dr. Wyckoff’s “Tobacco Regulation in Colonial Maryland,” and also a second impression of five numbers of the Economic Tracts, out of print.

The Hutzler Collection has continued to add to its works disclosing the development of American economic thought and American economic history. During the present session we have also acquired an admirable copy of the rare first edition of Graunt’s “Bills of Mortality,” and photostat copies of important writings of Gregory King and Charles Davenant for use in the forthcoming series of Economic Tracts. The recataloguing and the rearrangement of the collection, in progress for the past two years, will be completed in the coming months.

Professor Hollander lectured one hour a week on the Development of Economic Theory and one hour a week on Theory and Practice of Public Expenditure.

Professor Barnett lectured one hour a week throughout the year on American Trade Unionism.

Associate Professor Weyforth lectured one hour a week throughout the year on Industrial Fluctuations.

Associate Professor Mitchell lectured one hour a week throughout the year on The Slave South.

Associate Professor Evans lectured one hour a week during the first half-year on Index Numbers.

Dr. Cooper gave a series of lectures in the second half-year on The Interpretation of Financial Statements.

Dr. Bullock gave a series of lectures in the second half-year on Marketing of Consumers’ Goods by Manufacturers.

Members of the staff were called upon for public service in various capacities. Professor Barnett continued his service as a representative of the American Economic Association on the Advisory Committee of the Census. He was also appointed chairman of the Nominating Committee of the American Economic Association and Vice-President of the American Statistical Association. Dr. Weyforth was reappointed to the Maryland State Board of Examiners of Public Accountants. Dr. Mitchell served as consultant to the Director, Division of Review of the N. R. A. from November 1935 to March 1936. He was elected for the second time to membership on the Executive Committee of the American Economic Association.

The following undergraduate courses were given:

1. Elements of Economics. Three hours weekly, through the year. Associate Professor Weyforth, Associate Professor Mitchell, and Associate Professor Evans.

2. Statistics. Three hours weekly, through the year. Associate Professor Evans.

3. Money and Banking. Three hours weekly, through the year. Associate Professor Weyforth.

6. Corporation Finance and Investments. Three hours weekly, through the year. Professor Barnett.

11. Principles of Accounting. Three hours weekly, through the year. Dr. Cooper.

12. Economic History. Three hours weekly, through the year. Associate Professor Mitchell.

14. Advanced Principles of Accounting. Three hours weekly, through the year. Dr. Cooper.

16. The Money Market. One hour weekly, through the year. Professor Hollander.

18. Wages and Employment. One hour weekly, through the year. Professor Barnett.

20. Marketing. Three hours weekly, through the year. Dr. Bullock.

21. Advanced Marketing. Three hours weekly, through the year. Dr. Bullock.

22. Commercial Law. Two hours weekly, through the year. Dr. Howell.

23. Mathematics of Finance and Statistics. Three hours weekly, through the year. Dr. Richeson.

 

EVENING COURSES IN BUSINESS ECONOMICS

During the past twenty years The Johns Hopkins University has offered a series of Evening Courses in Business Economics under the general direction of the Department of Political Economy. Such instruction is made available at hours and under conditions designed to meet the convenience of those likely to make use thereof. While designed in the main to offer instruction to young men and women actually engaged in or contemplating entrance into business, industry and commerce, the courses are planned to meet the needs also of those who have a more general interest in the subjects. The following courses were offered during the year:

Current Economic Problems, Professor Hollander; Investments, Professor Barnett; Money and Banking, Associate Professor Weyforth; Political Economy, American Economic History, Associate Professor Mitchell; Business Statistics, Corporation Finance, Associate Professor Evans; Corporation Accounting, Dr. Cooper; Elements of Business Administration, Marketing, Dr. Bullock; Elementary Accounting, Dr. Bryan; Mercantile Credit, Mr. Clautice; Auditing Principles and Practice, Federal and State Tax Accounting, Mr. Baker; Advanced Commercial Law, Dr. Watkins; Salesmanship and Salesmanagement, Mr. Ramsen; Advanced Auditing and Accountant’s Working Papers, Mr. Stegman; Applications of Psychology to Business, Dr. Bentley; Advanced Accounting Problems, Mr. McCord; Principles of Advertising, Mr. Corner; Commercial Law, Mr. Thomsen; Specialized Accounting, Cost Accounting, Mr. Smith; Business English, Public Speaking, Dr. Lyons.

SCHOOL OF BUSINESS ECONOMICS

The academic year 1935-36 marked the fourteenth year of operation of the School of Business Economics. The School was established to take care of the increasing need of specialized academic training for men contemplating a business career. In planning the curriculum of the School of Business Economics there was kept in mind the need for an adequate training in certain fundamental subjects, as well as for specialized instruction in economics and business subjects. Accordingly, during the first two years the studies are rather closely prescribed and are selected so as to furnish an essential background for a career in any field of business. In these years the curriculum is very similar to that which would be taken in the College of Arts and Sciences. In the third year greater latitude is allowed the student in the selection of subjects, and in the fourth year nearly all the subjects are elective. During these last two years it is intended that there should be intensive specialization in studies in business economics.

Students in the School of Business Economics are called upon, in partial fulfillment of the requirements for the degree of Bachelor of Science in Economics, to submit in the last year of residence an essay dealing with some business or economic subject. A wide range of choice is permitted to students in the selection of subjects. A suggested list of topics is submitted to them, but they are not restricted to such topics. It is believed that one of the principal benefits that a student may derive from the writing of such an essay is the experience obtained in the independent gathering and organization of material; and the industry and zeal of the student is likely to be enhanced if the subject on which he is working is one of special interest to him. The subjects on which essays were written in the year 1935-36 included the following: Interest as a Cost to Manufacture; The Chain Store Movement in Men’s Wear Merchandising; Control and Planning of Department Store Merchandising; Accounting Presentation for the Executive; Production Indexes; Should Public Utility Holding Companies be Eliminated?; Advertising Agencies in the United States; Investment Value of Low, Medium, and High Priced Common Stocks; Public Policy Toward Chain Stores; The Federal Securities Act of 1933 and Its Amendments; Revaluation of Fixed Assets; The American Paper Industry; The Baltimore Consumer Market. Several students wrote on the Analysis of Financial Statements, each one selecting a different corporation as the basis of his study.

In 1936, 17 students were graduated. These students were awarded the degree of Bachelor of Science in Economics.

PUBLICATIONS

George E. Barnett.

Review of History of Labor in the United States, 1896-1932, volumes III and IV, in American Economic Review, June 1936, pp. 339-342.

George Heberton Evans, Jr.

British Corporation Finance 1775-1850; A Study of Preference Shares. (Baltimore, The Johns Hopkins Press), pp. 208.

Jacob H. Hollander.

Two Letters on the Measure of Value by John Stuart Mill, 1822 (Editor). Fourth number of fourth series of Reprint of Economic Tracts. (Baltimore, The Johns Hopkins Press, 1936), pp. 24.

Broadus Mitchell.

American Radicals Nobody Knows, in South Atlantic Quarterly, October 1935, pp. 394-401.

Economists and the Depression, in Social Frontier, April 1936, pp. 215-217.

Articles in Dictionary of American Biography, as follows: vol. XV—Enoch Pratt, pp. 171-172; John Rae, pp. 321-322; vol. XVI—Edward Van Dyke Robinson, pp. 42-43; Jacob Schoenhof, pp. 450-451; XVII—Stephen Simpson, pp. 183-184; Lysander Spooner, pp. 466-467; XVIII—Philip Evan Thomas, pp. 442-443; Robert Ellis Thompson, pp. 469-470; Daniel Augustus Tompkins, pp. 581-583.

—and reviews as follows:

Parmelee, Farewell to Poverty, in Social Frontier, January 1936, p. 122.

Lawrence, Stumbling into Socialism, in The Annals, January 1936, pp. 281-282.

Ely and Bohn, The Great Change, in The Annals, November 1935, pp. 191-192.

Douglas, Controlling Depressions, and Fledderus and van Kleeck, On Economic Planning, in New Republic, August 28, 1935, p. 81.

Harvey, Samuel Gompers, in Journal of Political Economy, February 1936, pp. 106-107.

Baker, Concerning Government Benefits, in The Survey, June 1936, p. 188.

Keynes, The General Theory of Employment, Interest and Money, in Virginia Quarterly Review, July 1936, pp. 453-457.

William O. Weyforth.

Review of A New Monetary System of the United States (Related Studies), in Weltwirtschaftliches Archiv, November 1935, pp. 308-309.

Jacob H. Hollander,
Abram G. Hutzler Professor of Political Economy.

 

Source: Johns Hopkins University. University Circular. Annual Report of the President, 1935-1936, Vol. 481, (November 1936), pp. 99-103.

Categories
Columbia Economists Salaries

Columbia. Economics Ph.D. alumnus. Frederick C. Mills, 1917

 

There are two principal purposes for this post. The first is to provide the salaries received by Columbia economics Ph.D. (1917) and later professor of economics, Frederick C. Mills, over his academic career. The second purpose is to provide a pair of obituaries for Mills and to insert him into the series “Meet an economics Ph.D. alumnus/a”. 

Fun Fact: “In May 1914, twenty-two-year-old Frederick C. Mills accepted his first job: a two-month mission, authorized by the California Corn mission on Immigration and Housing, to join the itinerant work force in central California and investigate hobo connections with the violent clashes involving the Industrial Workers of the World (IWW).” See the transcribed blurb below for the 1992 book based on Mills’ notes and reports from his observer/participant hobo experience.

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Frederick Cecil Mills

(B.L., California, 1914; A.M., 1916; Ph.D., Columbia, 1917)
(born March 24, 1892)

Columbia University Service:

1919    Instructor in Economic, $1,500

1/1/29 Salary increased to $2,200

1920 Assistant Professor of Business Organization, School of Business, $3,000

1922    Salary increased to $3,300

1923    Associate Professor of Business Statistics at $4,500

1925    Salary increased to $5,000

1927    Professor of Statistics at $6,000

1928    Salary increased to $7,500

1931    Change of title — Professor of Economics and Statistics

1937    Salary increased to $9,000

1946    Salary increased to $10,000

1/1/47 Salary increased to $11,000.

1/7/53 Hepburn Professor of Economics at $12,000

Executive Officer of Department of Economics from 7/1/43 to 6/30/46.

Source: Columbia University Archives. Central Files 1890—, Box 396, Folder: “Mills, Frederick Cecil (1/1)”.

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In the Floating Army:
F.C. Mills on Iterant Life in California, 1914.

by Gregory Ray Woirol, Frederick Cecil Mills
University of Illinois Press, 1992.

In the Floating Army chronicles the awakening of social consciousness in a well-educated urban progressive and offers one of the most detailed personal accounts available of itinerant life in California just prior to the United States’ entry into World War I. In May 1914, twenty-two-year-old Frederick C. Mills accepted his first job: a two-month mission, authorized by the California Corn mission on Immigration and Housing, to join the itinerant work force in central California and investigate hobo connections with the violent clashes involving the Industrial Workers of the World (IWW). Mills set out, self-consciously clad in rags, expecting adventure. What he experienced firsthand, however, appalled and angered him. Using Mills’s daily journal and his reports to the commission, Gregory Woirol follows the young man’s progress. To meet migrant workers and study their employers, Mills took jobs in the orange industry, in a Sierra lumber camp, and on a road-building crew. He slept in ramshackle sheds and fresh-cut haystacks, and he learned to hop a freight with his fellow travelers, despite the railroad guards’ efforts to eject freeloaders. Throughout the Sacramento and San Joaquin valleys, he shared meals and boxcars with bitter men forced by a recession to seek menial jobs far from home, footloose men driven by wanderlust to accept only short-term employment, con artists who filled their pockets by less strenuous means, and pathetic wretches endlessly in search of a drink. In the decade before World War I, large numbers of men took to the road, seeking employment whenever and wherever it was offered. California already depended heavily upon seasonal workers to pick citrus fruits and other crops, build roads, and lay railroad tracks. But farmers and businessmen were rarely grateful for this convenient source of labor. They expected seasonal employees to accept squalid housing, inadequate rations and sewage provisions, insulting treatment on the job, and the “bum’s rush” out of town the moment work ended. Itinerant workers were shunned by the citizenry, cheated by employment agencies, and harassed by lawmen for loitering. This “floating army” of hungry, homeless men, assisted by IWW activists, protested these injustices both peaceably and violently. Mills spent several days conversing with IWW members, and he concluded “I have seen, to a very limited degree, some of the workings of the inner circle, the brains of this great army, the organizing force that is trying to tell this army of its strength, trying to teach them how to get their share of the goods of this world. And the message they bring, the message millions of men are listening to, is one of violence, bloodshed, ‘Direct Action’ they call it”.

Source: Book blurb from Google books.

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CU Emeritus Prof. F. Mills Dies Sunday
Was One of Columbia’s Foremost Economists

Frederick C. Mills, Hepburn Professor Emeritus of Economics and one of the nation’s leading economists, died Sunday after a long illness. He was 71.

A memorial service will be held today at 2 p.m. in St. Paul’s Chapel

Dr. Mills retired from the faculty of the Graduate School of Business in 1959. He had been a faculty member since 1919.

In 1953 Professor Mills represented all the Columbia faculties in delivering greetings at the installation of Dr. Grayson Kirk as president of the University. In that same year he was named Barton Hepburn Professor of Economics.

Professor Mills was born in Santa Rosa, Calif. He received his B.A. in 1914 and M.A. in 1916, both from the University of California, Berkeley. He was awarded his doctorate by Columbia in 1917.

Professor Mills was associated with the National Bureau of Economic Research from 1925 to 1953, as a member of the research staff. For the last ten years he has been a member of the board of directors of that group.

He also served as director of the survey of federal statistical agencies for the Hoover Commission. In 1934 he was president of the American Statistical Association and was elected president of the American Economic Association in 1940.

One of his numerous works in the field of economics, “The Behavior of Prices,” was chosen by the Social Science Research Council as the outstanding American contribution to economics since World War I. He received honorary degrees from both the University of California and Columbia. Professor Mills is survived by his widow, the former Dorothy K. Clarke, two sons and a daughter.

Source: Columbia Daily Spectator, Vol. CVIII, No. 68, 11 February 1964.

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U.C ‘Hobo’ Prof Dies In East

Dr. Frederick C. Mills, 71, who before he became a professor of economics posed as a hobo to gather labor statistics is dead in New York city.

Friends have learned of memorial services Tuesday in the chapel at Columbia University, where he was professor for 40 years until 1959.

In 1947 he received an honorary degree from his alma mater, the University of California at Berkeley, and was honored at a reception by his 1914 class mates. In 1961, Columbia University gave him an honorary degree.

LABOR STUDENT

At U.C, where he was a member of Phi Beta Kappa, honorary scholastic fraternity, he became one of the early day students of labor economics. While doing graduate work he posed as an itinerant laborer to work in hop fields and road camps.

It was on the basis of these investigations into the problems of itinerant labor done under the sponsorship of the Immigration and Housing Division that he was awarded his doctor of philosophy degree at Columbia. It was regarded as “an exciting” thesis.

He had received his masters degree at U.C. in 1961.

His work was not confined to academic halls. He was former president of the American Statistical Association, the American Economic Association, was special agent for the U.S. Commission on Industrial Relations, 1914-15 and a member of the Bureau of Economic Research from 1924-54.

SANTA ROSA NATIVE

A native of Santa Rosa, he was a graduate of Fremont High School in Oakland and has served overseas with the American Expeditionary Forces in World War I.

Dr. Robert Gordon Sproul, president emeritus of U.C, who was one of his lifetime friends, recalls that at U.C. Dr. Mills was an outstanding soccer player.

He is survived by his widow, Dorothy Clarke Mills; three children, William, Helen and Robert, two brothers, Harold F., and Robert, both of Oakland and two sisters, Mary Mills, of 1163 Ashmont Ave., Oakland, and Mrs. Ethel Smith of Nogales, Ariz.

Source: Oakland Tribune, Feb. 15, 1964, p. 22.

Image Source: Columbia Daily Spectator, Vol. CVIII, No. 68, 11 February 1964.