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Harvard. Complete Course Offerings in Social Ethics. Descriptions, Enrollments, Final Exams. Peabody et al., 1910-1911

This post covers all of the courses taught at Harvard during the academic year 1910-11 from the subfield of social ethics that was located at the intersection of economics, philosophy, and social policy. 

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Social Ethics à la Peabody
1888-1910

A short history of Harvard’s Department of Social Ethics through 1920.

Exam questions for late 19th century versions of Francis Greenwood Peabody’s course on the Ethics of Social Reform have been transcribed and posted:

1888-18891889-18901890-18911892-18931893-18941894-18951895-1896.

Earlier 20th century course material:

1902-03. Listed as Philosophy 5. Taught by Peabody and Ireland.
1904-05. Listed as Philosophy 5 and Ethics 1. Taught by Peabody and Rogers.
1906-07. Taught by Peabody and Rogers.
1907-08. Taught by Peabody and Rogers.
1908-09. Taught by Peabody, McConnell, Ford and Foerster.
1909-10. Taught by Peabody, McConnell, Ford, and Foerster.

Francis Greenwood Peabody. The Approach to the Social Question. New York: Macmillan, 1912. “The substance of this volume was given as the Earle Lectures at the Pacific Theological Seminary in 1907.”

Peabody’s own short bibliography on the Ethics of Social Questions was published in 1910.

Social Ethics Course Instructors
1910-11

Jeffrey Richardson Brackett
Robert Franz Foerster
James Ford
Ray Madding McConnell
Francis Greenwood Peabody

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Social Ethics 1-7
1910-11

Social Ethics 1. The Ethics of Modern Industrialism
Social Ethics 2. Practical Problems of Social Service
Social Ethics 3. Criminology and Penology [omitted 1910-11]
Social Ethics 4. Selected Topics in Social Ethics
Social Ethics 5. The Moral Responsibilities of the Modern State
Social Ethics 6. Social Amelioration in EuropeSocial Ethics
Social Ethics 7. Rural Social Development

The courses in this group are designed to apply philosophical principles to the modern problems of philanthropy, industry, and social life. They begin with a general introduction to Social Ethics and proceed to methods of applied ethics which approach those of a professional school. Students should have already elected courses both in Philosophy and in Economics, and should regard the courses in Social Ethics as concerned with the transition from academic to practical life.

Source: History and Political Science, Comprising the Departments of History and Government, and Economics, 1910-11. Published in the Official Register of Harvard University. Vol. VII No. 23 (June 21, 1910), p. 65.

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The Ethics of Modern Industrialism

Enrollment Social Ethics 1
1910-11

Social Ethics 1 2hf. Professor Peabody, Dr. McConnell, Dr. Ford, and Dr. Foerster. — The Ethics of Modern Industrialism.

Total 104: 2 Graduates, 27 Seniors, 29 Juniors, 27 Sophomores, 7 Freshmen, 12 Others.

Source: Harvard University. Report of the President of Harvard College, 1910-11, p. 50.

Description of Social Ethics 1
1910-11

[Social Ethics] 1. The problems of Poor-Relief, the Family, Temperance, and various phases of the Labor Question, in the light of ethical theory. Lectures, special researches, and prescribed reading. Tu., Th., Sat., at 10. Professor Peabody Dr. McConnell, Dr. Ford, and Dr. Foerster.

            This course is an application of ethical theory to the social problems of the present day. It is to be distinguished from economic courses dealing with similar subjects by the emphasis laid on the moral aspects of the Social Question and on the philosophy of society involved. Its introduction discusses various theories of Ethics and the nature and relations of the Moral Ideal [required reading from Dewey and Tufts’ Ethics]. The course then considers the ethics of the family [required reading from Spencer’s Principles of Sociology] the ethics of poor-relief [required reading from Warner’s American Charities]; the ethics of the labor question [required reading from Adams and Sumner’s, Labor Problems and Schaeffle’s Quintessence of Socialism]; and the ethics of the drink question [required reading from The Liquor Problem; a Summary of Investigations conducted by the Committee of Fifty]. In addition to lectures and required reading two special and detailed reports are made by each student, based as far as possible on personal research and observation of scientific methods in poor-relief and industrial reform. These researches are arranged in consultation with the instructor or his assistant; and an important feature of the course is the suggestion and direction of such personal investigation, and the provision to each student of special literature or opportunities for observation. Students are advised, before beginning the study of Social Ethics, to take courses both in Economics and Philosophy; and must have taken a course, or the equivalent of a course, in one of these subjects.

Source: History and Political Science, Comprising the Departments of History and Government, and Economics, 1910-11. Published in the Official Register of Harvard University. Vol. VII No. 23 (June 21, 1910), p. 65.

SOCIAL ETHICS 1
Year-end Examination 1910-11

This paper should be considered as a whole. The time should not be exhausted in answering a few questions, but such limits should be given to each answer as will permit the answering of all the questions in the time assigned.
Answer questions in the order given.

  1. Describe the development of Employers’ Associations in the United States. (Adams & Sumner, pp. 279 ff.)
  2. Trace the development of Joint Conferences and Trade Boards of Arbitration in the United States. (Adams & Sumner, pp. 305ff.
  3. Describe in detail an example of: —
    1. The bonus system in industry;
    2. deferred participation;
    3. industrial partnership.
      On what grounds may each of these systems be criticised as hostile to the higher interests of labor? (Adams & Sumner, ch. IX.)
  4. How far has social history since Marx verified the principles of: —
    1. the class-conscious conflict;
    2. economic determinism?
  5. “Freedom of demand is a first essential of freedom in general. If the means of life and culture were somehow allotted to each from without, and according to an officially drawn-up scheme, no one could live out his own individuality or develop himself according to his own ideas; the material basis of freedom would be lost.” (Schaeffle, p. 40.) Explain this statement and indicate how far, in Schaeffle’s opinion, it correctly describes the position of demand in the Socialist State.
  6. What are the essential features of: —
    1. the doctrine of contributory negligence;
    2. the doctrine of common employment;
    3. the Employers’ Liability Act of 1880;
    4. the Workmen’s Compensation Act of 1906?
      (Dr. Foerster’s Lectures.)
  7. Millennial Socialism and Militant Socialism; — their economic and ethical effects defined and compared
  8. Methods in force in Switzerland for the promotion of employment and the control of the unemployed.
  9. Show concisely the effects of alcoholic liquors (a) in moderate use, (b) in immoderate use, on:
    1. the digestive system;
    2. the nervous system;
    3. resistance to disease.
      (The Liquor Problem, ch. I, and Dr. Ford’s Lectures.)
  10. Discuss: —
    1. Methods of granting licenses in the United States;
    2. Methods of removing the element of profit from the sale of liquor.
      (The Liquor Problem, 56 ff. & pp. 151 ff.)

SourcePapers set for Final Examinations in History, Government, Economics, …, Landscape Architecture, Music in Harvard College. June 1911, pp. 79-80. In Harvard University Archives, Examination papers, 1873-1915 (HUC 7000.25). Box 9. Examination Papers, 1910-11.

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Practical Problems of Social Service

Enrollment Social Ethics 2
1910-11

Social Ethics 2 2hf. Dr. Brackett. — Practical Problems of Social Service: Public Aid, Charity, and Neighborhood Work.

Total 15: 7 Graduates, 3 Seniors, 3 Juniors, 2 Others.

Source: Harvard University. Report of the President of Harvard College, 1910-11, p. 50.

Description of Social Ethics 2
1910-11

[Social Ethics] 2 2hf. Practical Problems of Social Service: Public Aid, Charity, and Neighborhood Work. Lectures,  prescribed reading, and observation of work under skilled direction. Half-course (second half-year). Tu., Th., at 2.30. Dr. Brackett.

            This course is for advanced students, especially for those who plan, as ministers, teachers, or as citizens, whatever their vocation, to be actively interested in charity, correction, or any form of social work. It is also an introduction to Social Ethics 20c, the School for Social Workers. It is a study of tendencies in Social Service, of law and custom, especially in England and the United States, bearing directly on such topics as forms and sources of relief, modification of charitable trusts, treatment of special types of the needy, organization of charity, financial management, supervision of work by public and private agencies.

Source: History and Political Science, Comprising the Departments of History and Government, and Economics, 1910-11. Published in the Official Register of Harvard University. Vol. VII No. 23 (June 21, 1910), p. 66.

SOCIAL ETHICS 2
Year-end Exam 2010-11

  1. What place do you give to the changes in the English Poor Law in 1834 as reform measures making for progress?
  2. What is insanity?
    What is feeble-mindedness ?
    Choosing one of these types, give the chief features of a programme for care which a state should adopt.
    1. A young mother, unmarried, asks a child saving agency to take her infant from her: What would you do with the child?
    2. An infant is found exposed in a public place, with no trace of relatives. In what way would you care for it? Why?
  3. What do we mean by the word adequacy in the expression “adequacy of relief”?
  4. What is to be said in favor of grants of public money to private charities? What against such grants?
  5. Discuss briefly the effect of charity on the continuance of the least “fit” to survive.
  6. How do you value the field work which you have done in connection with this course?

SourcePapers set for Final Examinations in History, Government, Economics, …, Landscape Architecture, Music in Harvard College. June 1911, p. 80. In Harvard University Archives, Examination papers, 1873-1915 (HUC 7000.25). Box 9. Examination Papers, 1910-11.

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Selected Topics in Social Ethics

Enrollment Social Ethics 4
1910-11

Social Ethics 4 1hf. Dr. Brackett, Dr. McConnell, Dr. Ford, and Dr. Foerster. — Selected Topics in Social Ethics.

Dr. Brackett. — The State and Charity.
Dr. McConnell. —The Ethical Relations of the State to Industrial Affairs.
Dr. Ford. —The Ethical Aspects of Industrial Coöperation.
Dr. Foerster. —The Ethics of Immigration.

Total 14: 5 Graduates, 3 Seniors, 2 Juniors, 4 Sophomores.

Source: Harvard University. Report of the President of Harvard College, 1910-11, p. 50.

Description of Social Ethics 4
1910-11

[Social Ethics] 4 1hf. Selected Topics in Social Ethics. Half-course (first half-year). Mon., Wed., Fri. , at 12.

Subjects for 1910–11:—

Methods of Poor-Relief in Great Britain and Germany Compared. Professor Peabody.

The State and Charity. Dr. Brackett.

The Ethical Relations of the State to Industrial Affairs. Dr. McConnell

The Ethical Aspects of Industrial Coöperation. Dr. Ford.

The Ethics of Immigration. Dr. Foerster.

Source: History and Political Science, Comprising the Departments of History and Government, and Economics, 1910-11. Published in the Official Register of Harvard University. Vol. VII No. 23 (June 21, 1910), pp. 66-67.

SOCIAL ETHICS 4
Mid-year Examination
1910-11

    1. It is proposed, following English and Australian precedent, to improve the economic position of the poorly paid working people of New York, by providing that wages less than a legal minimum shall not be paid. How far may such a measure be expected to be successful? Explain your opinion.
    2. “Any one may become a bricklayer in New York City, but whosoever enters the trade as a unionist must agree not to accept less than a certain rate and must, therefore, be an efficient worker with a high standard of living. The American workingman believes that there is ample room in this country for all men who are efficient and willing to demand wages commensurate with the American standard of living.” How far do you agree with the conclusion of this statement? Explain your opinion.
  1. What economic loss does emigration signify for a country? Is there a corresponding economic gain to the country of immigration?
    1. Briefly outline the position of the Slavs in agriculture in the United States.
    2. For what reasons would you, or would you not, favor an effort systematically to settle upon the land those of our immigrants who have lived in rural districts in their country of origin?
  2. What disposition of the gross profits of business is made: —
    1. In co-operative associations of the Rochdale model?
    2. In the London Civil Service Stores?
    3. In the Belgian Socialist Stores?
  3. Which of the above methods of disposition of profits is most conducive to business strength? To working-class progress? Give reasons in detail.
  4. What are the principles of the co-partnership housing movement? Would this form of co-operation be practicable in America?
  5. Discuss the various legal provisions which could be effective in checking the evils of child labor.
  6. Discuss legislation governing hours of labor, and give special attention to (a) practicability, (b) constitutionality, (c) uniformity.
  7. Discuss the “moral quality” of each of the socialist principles of distribution — “To each according to his works,” “To each according to his needs.”

SourcePapers set for Final Examinations in History, Government, Economics, …, Landscape Architecture, Music in Harvard College. June 1911, p. 81. In Harvard University Archives, Examination papers, 1873-1915 (HUC 7000.25). Box 9. Examination Papers, 1910-11.

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The Moral Responsibilities
of the Modern State

Enrollment Social Ethics 5
1910-11

Social Ethics 5 1hf. Dr. McConnell. — The Moral Responsibilities of the Modern State.

Total 10: 2 Graduates, 3 Seniors, 1 Junior, 2 Sophomores, 2 Others.

Source: Harvard University. Report of the President of Harvard College, 1910-11, p. 50.

Description of Social Ethics 5
1910-11

[Social Ethics] 5 2hf. The Moral Responsibilities of the Modern State. Lectures and prescribed reading. Half-course (second half-year). Mon., Wed., Fri., at 12. Dr. McConnell.

This course considers the fundamental ethical principles involved in the organization of the modern State, and the duties of public authorities in regard to crime, defectives, charity, the child, and public health.

Source: History and Political Science, Comprising the Departments of History and Government, and Economics, 1910-11. Published in the Official Register of Harvard University. Vol. VII No. 23 (June 21, 1910), p. 67.

SOCIAL ETHICS 5
Mid-year Examination
1910-11

    1. Differentiate the theories of Lombroso and Ferri with reference to the origins of crime.
    2. What are the chief agencies which society may utilize with the express aim at prevention of crime?
    3. Briefly suggest the principal advantages and defects of the jury. (Omit either a, b, or c.)
  1. Argue against “reformation” as the rightful aim of punishment.
  2. Argue in favor of each of the following propositions, and show how they may be maintained consistently together: “All criminals are morally irresponsible for their deeds,” “All criminals are socially accountable for their deeds.”
  3. Briefly suggest the successive steps, with underlying principles, from beginning to end of the treatment of a case of juvenile delinquency in a modern juvenile court.
    1. “The whole prison problem so far as it concerns philanthropy is largely an unnecessary problem. … Improving the economic status of the people would cut the prison problem in half.” To what classes of prisoners do these statements of Gray’s refer?
    2. Discuss “The Law of Settlement” and “Settlement Laws.”
    1. Discuss the necessity of public agencies for the relief of the poor.
    2. Discuss the proper division of labor between public and private charities.
  4. Outline the work of the State Board of Charity of Massachusetts.
    1. State the leading causes of death in the United States. (Give approximate rates, or state the causes in the order of their importance.)
    2. State approximately the ratio of preventability of death from each of these causes.
    3. Explain the means on which such prevention depends.
  5. Mention the various duties of the Health Department of the city of Boston.

SourcePapers set for Final Examinations in History, Government, Economics, …, Landscape Architecture, Music in Harvard College. June 1911, p. 82. In Harvard University Archives, Examination papers, 1873-1915 (HUC 7000.25). Box 9. Examination Papers, 1910-11.

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Social Amelioration in Europe

Enrollment Social Ethics 6
1910-11

Social Ethics 6 2hf. Dr. Foerster. — Social Amelioration in Europe.

Total 20: 4 Graduates, 4 Seniors, 6 Juniors, 3 Sophomores, 3 Others.

Source: Harvard University. Report of the President of Harvard College, 1910-11, p. 50.

Description of Social Ethics 6
1910-11

[Social Ethics] 6 2hf. Social Amelioration in Europe. Lectures and prescribed reading. Half-course (second half-year). Mon., Wed., Fri., at 11. Dr. Foerster.

This course is mainly concerned with schemes of social amelioration that have so far been little considered in the United States. Remedial methods of dealing with poverty will be treated only incidentally. Chiefly the course will make a comparative study of the preventive and constructive measures, public and private, of several countries. After a brief consideration of the place of thrift institutions, unemployment and the important recent efforts to meet it will be discussed at some length. The experience of several countries in providing for the indigent in case of accident, sickness, invalidity, and old age will, in turn, be examined. As far as time permits, a study of legislation governing conditions of labor, and of the housing movement, will be included.

Source: History and Political Science, Comprising the Departments of History and Government, and Economics, 1910-11. Published in the Official Register of Harvard University. Vol. VII No. 23 (June 21, 1910), p. 67.

SOCIAL ETHICS 6
Year-end Examination
1910-11

Answer the questions in the order asked. So allot your time that you can answer all questions.

  1. “Mr. H— is devoting his life to the solution of the problem of the unemployed. He proposes an amendment to the constitution of Missouri which declares that it is the duty of the State to provide relief works, including factories and farms, to employ men when necessary.” How far has the experience of France with such a measure as this been successful? of England? of Germany? What have been the causes of success or failure? What would be the probable outcome of the establishment of relief works in the United States?
    1. What share of the cost of the compensation for accidents falls to the employer in Germany? in Austria? in Norway? in England?
    2. A distinguished lawyer holds: “The funds required to make compensation should be raised by contributions from both employer and employee, preferably in equal shares.” What arguments can be advanced for and against this opinion?
    3. What division of cost should, in your opinion, be made? Why?
  2. Discussing the bill recently introduced into the English Parliament for compulsory insurance of workmen (premiums to be paid by employer, employee, and State) against unemployment and sickness, a Boston newspaper editorial says: “American workmen want nothing of this kind… they would be the first to realize that any socialistic scheme of the Lloyd-George kind would inevitably harm them”; because, “As President Hadley well says: ‘The payments to the insurance funds must chiefly, if not wholly, come out of wages. Even though they be nominally levied upon the employer, he is compelled, by competition with other employers not subject to the levy, to reduce in corresponding degree the wages he pays?’”
    Discussing the same bill, a London newspaper says: “Including the existing old age pensions charge of £13,000,000, £18,500,000 will be contributed by the general taxpayer… The greater part of this £18,500,000 which is said to be supplied by that metaphysical entity, the state, will be really supplied, in their capacity as taxpayers, by the same persons who, in their other capacity of employers, are called upon to produce about £9,000,000 under the new bill.”
    Criticise the reasoning of these positions, and indicate your own reasoning as to the burden of insurance.
    1. What are the kinds, and advantages and disadvantages, of the several types of savings banks?
    2. What are your reasons for thinking that savings accounts would or would not increase in number and size in a country which had such an old age pensions system as that of England? Such an old age insurance system as that of France?
  3. Discuss the nature and development of
    1. the insurance of widows and orphans in Europe;
    2. the industrial insurance of the casualty insurance companies of the United States.
  4. Describe as fully as you can the nature of the measures which has been taken by the Social Insurance authorities of Germany to reduce risks.
    1. Are the functions of employers’ welfare establishments (such as the activities embraced under the “Welfare Fund” of the firm of D. Peters & Co.) more properly assumed by the State?
    2. On the basis of the success or failure of plans discussed in this course, what general attitude do you consider that the State should adopt toward the amelioration of social conditions?
  5. (To be answered if you have time.) What can, and what cannot, a well-organized system of labor exchanges do toward solving the problem of unemployment?

SourcePapers set for Final Examinations in History, Government, Economics, …, Landscape Architecture, Music in Harvard College. June 1911, pp. 83-84. In Harvard University Archives, Examination papers, 1873-1915 (HUC 7000.25). Box 9. Examination Papers, 1910-11.

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Rural Social Development

Enrollment Social Ethics 7
1910-11

Social Ethics 7 1hf. Dr. Ford. — Rural Social Development.

Total 13: 4 Graduates, 3 Seniors, 1 Junior, 2 Sophomores, 3 Others.

Source: Harvard University. Report of the President of Harvard College, 1910-11, p. 50.

Description of Social Ethics 7
1910-11

[Social Ethics] 7 1hf. Rural Social Development. Lectures and prescribed reading. Half-course (first half-year). Mon., Wed., Fri., at 10. Dr. Ford.

This course is concerned with rural life as a problem in itself and as a solution of urban problems. It will study the distribution of population and its consequences; the development of country life from without, through suburban, “Garden-city,” “Back-to-the-land,” and other movements, — and rural reconstruction from within, through private initiative (e.g., the country church, village improvement societies), coöperative movements (e.g., the Irish Agricultural Organization Society), and State activity (e.g., homestead commissions, departments of agriculture).

One hour will be devoted each week to the discussion of prescribed reading.

Source: History and Political Science, Comprising the Departments of History and Government, and Economics, 1910-11. Published in the Official Register of Harvard University. Vol. VII No. 23 (June 21, 1910), pp. 67-68.

SOCIAL ETHICS 7
Mid-year Examination
1910-11

  1. In how far is a natural tendency to industrial decentralization recorded (by the U.S. Statistics of Manufactures for 1905) for the United States as a whole? For the Boston Industrial District (500 square miles)? What are the causes of this tendency? In what types of industry is it inoperative?
  2. “In no field does corporate (philanthropic) operation promise more for the betterment of human conditions; for a higher standard of morals, and of education, or great certainty of profit for capital, than by systematically aiding (city) men to obtain farms.” Examine and criticise this statement in detail.
    Under what conditions will “aiding men to obtain farms” assure fair profits for capital? better rural society? better society in general?
  3. What is the sociological significance of the “abandoned” farm in New York State? (Bailey, “The State and the Farmer,” Pt. I.)
    1. Show by example what part physical environment plays in the social history of Blanktown.
    2. What forms of “selection” are described as operative in Blanktown? (Williams, “An American Town.”)
  4. What are the comparative advantages of (1) district, (2) township, (3) county school systems with reference to
    1. Maintenance of rural schools?
    2. Supervision of rural schools?
    3. The use of agriculture as a means of general training?
    4. The teaching of professional agriculture?
  5. “The ideal of rural betterment is to preserve upon our farms the typical American farmer. …
    “What is wanted … is the breaking down of those barriers which have so long differentiated country from urban life; the extinction of that social ostracism which has been the farmer’s fate.”
    Examine both quotations critically. What institutions or lines of social effort could be made to contribute to both ends?

SourcePapers set for Final Examinations in History, Government, Economics, …, Landscape Architecture, Music in Harvard College. June 1911, pp. 84-85. In Harvard University Archives, Examination papers, 1873-1915 (HUC 7000.25). Box 9. Examination Papers, 1910-11.

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Economics Programs Education England Oxford

Oxford. Studying Political and Social Science. Ritchie, 1890-1891

In 1891 Francis Ysidro Edgeworth was appointed Drummond Professor of Political Economy at Oxford. In the following essay written by the philosopher David George Ritchie we have a snapshot of how instruction in political and social science (where political economy was to be found) was organized at Oxford towards the end of the 19th century. 

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David George Ritchie (1853-1903)

[David George RITCHIE] born at Jedburgh on 26 Oct. 1853, was only son of three children of George Ritchie, D. D,, minister of the parish and a man of scholarship and culture, who was elected to the office of moderator of the general assembly of the Church of Scotland in 1870. His mother was Elizabeth Bradfute Dudgeon. He matriculated in 1869 at Edinburgh University, where he made a special study of classics under Professors W. Y. Sellar and J. S. Blackie, while he began to study philosophy under Prof. Campbell Fraser, in whose class and in that of Prof. Henry Calderwood (on moral philosophy) he gained the highest prizes. After graduating M.A. at Edinburgh in 1875 with first-class honours in classics, Ritchie gained a classical exhibition at Balliol College, Oxford, and won a first-class both in classical moderations (Michaelmas 1875) and in the final classical school (Trinity term, 1878). In 1878 he became a fellow of Jesus College and in 1881 a tutor. From 1882 to 1886 he was also a tutor at Balliol College…In 1894 Ritchie left Oxford on being appointed professor of logic and meta-physics at St. Andrews University. …He remained at St. Andrews until his death on 3 Feb. 1903, and was buried there. Ritchie was made hon. LL.D. of Edinburgh in 1898, and was president of the Aristotelian Society in 1898-9…Both at Oxford and at St. Andrews Ritchie wrote much on ethics and political philosophy.

Source: Haldane, Elizabeth Sanderson. “Ritchie, David George” in Dictionary of National Biography, 1912 supplement, Volume 3, pp. 208-209.

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The teaching of political science
at Oxford

David George Ritchie

                  I HAVE been asked to give an account of the Teaching of Political and Social Science at Oxford, but in order to do this in a way which will not be unintelligible or misleading, it is necessary to give some preliminary explanations as to the relation between the Universities and the colleges, and as to the system of examination for the degree of B.А.

                  Professor Bryce has helped English readers to understand the relations between the States and the Nation in the American Union, by the analogy of the relation between the colleges and the University in Oxford and in Cambridge; and American readers may profitably reverse the analogy in order to understand roughly an academical system that exists in no country except England. The analogy is, indeed, only a rough one: the University existed before there were any colleges, and there are at the present time collegiate students whom we might perhaps compare to citizens of the United States living in a Territory. But just as every citizen of a State is also a citizen of the United States, so every member of a college is also a member of the University, and is thus subject to two different sets of institutions and rules. The University alone confers degrees and regulates the examinations for them. Instruction is, however, provided by both the University, through its “professors” and “readers” (the latter may be compared with the “extra-ordinary professors” of a German university), and by the colleges, through their tutors and lecturers. University lectures are open to all members of the University. College lectures are intended primarily for the members of particular colleges, but of late years, through the system of combined lectures, college lectures have become in many cases as much “open” as University lectures. Most of the teaching, especially in some subjects, is done by the colleges. The University provides more of the instruction, relatively to what is done by the colleges, in natural science and in law than in other subjects.

                  As a general rule every undergraduate member of the University, except the “selected candidates” for the Indian Civil Service, who under present regulations cannot stay long enough, is supposed to be studying for the degree of B.A. But, as a matter of fact, the course of study is very different according as the student merely wishes to “pass” and obtain the degree, or aspires to “honours.” The degree cannot be obtained in less than three years, and candidates who wish to take “honours” must not be of more than four years’ standing when they come up for their final examination. The higher degree of M.A. follows upon the B.A. simply “through the progress of time and the payment of fees.” Every candidate must pass “responsions” before or soon after the outset of his academical career. This examination practically takes the place of an entrance examination, which as such does not exist in the University. Every college in Oxford requires intending students to pass an entrance (matriculation) examination, the standard of which is in some places considerably higher than “responsions.” “Responsions” is an examination in school work (Latin and Greek, arithmetic, elementary geometry and algebra). The student must next pass or obtain “honours” in the “first public examination” (commonly known as “moderations”), an examination mainly in Greek and Latin, taken during the second academical year. The student who is going to take “honours jurisprudence” or “honours modern history” as his final school, may, under certain conditions, substitute for the classical moderations what is known as the “preliminary examination in jurisprudence.” It is only in the “trial” or “second public examination” that subjects connected with political science come in. In this second public examination, a candidate may either take a “pass” in certain subjects, in which he has a limited range of choice, or he may seek to obtain “honours” (1st, 2d, 3d, or 4th class) in one of the seven “honour schools.” These are (1) Literæ Humaniores (an examination mainly in certain Greek and Latin philosophical and historical books, and in kindred subjects), (2) Mathematics, (3) Natural Science, (4) Jurisprudence, (5) Modern History, (6) Theology, and (7) Oriental Studies. There is no special “school” of political and social science, but political philosophy (including political economy) is one of the subjects prescribed for the school of Literæ Humaniores. The questions set on this subject form only half of one paper in the examination, being combined either with moral philosophy, or with a general paper on ancient history. Candidates may offer “political economy” or “theories of the State” with a special study of one or more treatises selected by them as “special subjects” in addition to the ordinary work; but special subjects do not flourish much in this school, the ordinary work being sufficiently varied and arduous for even the best students. In the school of jurisprudence (and in the kindred examination for the degree of B.C.L.), jurisprudence, English constitutional law, and international law form a part of the prescribed course. The school of jurisprudence, as already said, is one of the avenues to the degree of B.A. No one can obtain the degree of B.C.L. without having previously obtained the degree of B.A. This degree he need not, however, have obtained through the school of jurisprudence. Certain books are “recommended” for special study. It should be added that this work in law is not in the strict sense a training for the legal profession, the qualifying examinations for which have in England no connection with the University examinations or degrees. In the school of modern history, political science and political economy are prescribed and constitute an important element in the examination. A knowledge of certain books is required, viz.: Aristotle’s Politics (subject matter), part of Hobbes’ Leviathan, Bluntschli’s Theory of the State, Maine’s Ancient Laws, and Mill’s Political Economy. One of the subjects very commonly taken up for the final pass examination is the “Elements of Political Economy,” read in Walker’s Political Economy, and parts of Adam Smith. The candidate for the Indian Civil Service, studying at Oxford under the regulations in force (until 1892), is occupied to a considerable extent with Indian law, Roman law, English law, jurisprudence and political economy, as well as with Oriental languages.¹

1 At present candidates, not above nineteen years of age, selected by government after a competitive examination, have to spend two years at an approved university, if they wish to receive the government allowance. By the regulations which will come into force in 1892, no candidate must be under twenty-one years nor over twenty four, and the subjects have been so altered that candidates who have studied for an “honour school” at Oxford will have a fair chance of success without further preparation. The time of special professional study after selection will, under the new system, be only one year, which will have to be devoted almost entirely to the vernacular languages of the presidency to which the civilian is going, and to Indian laws. My friend, Mr. F.C. Montague, of Oriel College (the editor of Bentham’s Fragment on Government), who has had much to do with the instruction of Indian civilian students in Oxford, summarizes the intentions of the present and of the future systems somewhat as follows: “The present system is a good general school education, followed by two years of professional education, obtained in the intellectual atmosphere of Universities, where general rather than professional education is the rule; the future system is intended to be the best University education with a minimum of professional training.” I have thought it worth while to refer to the Indian Civil Service because it offers the only example in Great Britain of an attempt to regulate systematically the preparation for an administrative career.

                  In what precedes, we have described the place of political and social science in the Oxford examinations, and it now remains to show the actual provision for their instruction. This is given, as already explained, in part by the University and in part by the colleges. Annexed to this article will be found lecture lists of subjects connected with political and social science for 1890-1891 (extracted from its official lecture lists) which will serve as average specimens. As there is no special school of political science there is no regular course in the subject, and some departments of it are often not represented on the lecture lists at all. The professors, readers, and lecturers in the faculty of law deal largely with political science; and the well-known names of Professors Dicey, Holland, Bryce, Sir F. Pollock, Sir William Anson, Sir William Markby, are all to be found in the lecture lists of the school of jurisprudence. There is a professorship of political economy in the University, recently vacant by the death of Professor Thorold Rogers, and now filled by the election of F. Y. Edgeworth. Lectures on political science, political economy, and economic history are given also by college tutors and lecturers in connection with the modern history school; and lectures on political philosophy (which does not differ much, if at all from political science, except in name) by college tutors and lecturers in connection with the school of literæ humaniores. The professor of moral philosophy, Prof. W. Wallace, who succeeded the late T. H. Green, occasionally lectures on social institutions or some such subject as a part of his course on ethics. It must be remembered that the giving of a formal course of lectures represents only a small part of a college tutors teaching work, and that some professors are also college tutors.

                  The University prescribes or recommends certain textbooks. Lectures are to a great extent supplementary to the study of these. Work which corresponds to the American recitation, in which students are called upon to answer questions and invited to ask them, is not very usual, except where only members of the lecturer’s own college are present. We should designate such a mode of teaching as a “catechetical lecture” or “informal instruction.” It is more frequent in “pass” than in “honour” subjects. The large combined lecture has, as yet, proven less suitable for the more elementary teaching. It should be added that lectures occur, as a rule, twice or three times a week, and last nominally one hour, but as many undergraduates have to come from one college to another, most lectures do not begin until about ten minutes after the hour.

                  This is the formal instruction which has been described. There is another side to instruction at Oxford. The chief part of a college tutors work consists in hearing and criticising the essays and papers which he prescribes to his pupils. The essay writing is the most characteristic feature of Oxford education. As a rule, every undergraduate reading for an “honours” final school, such as literæ humaniores, jurisprudence or modern history,2 brings at least one essay to his tutor every week. Lecturers ocсаsionally set papers to those attending the lecture, and most colleges have college examinations at the end of the terms to test the term work.

2 Of course, I am not speaking of subjects such as mathematics, physics, natural science, etc., where the work is necessarily of a different kind.

                  The instruction, as before stated, is given partially by the University and partially by the colleges. It goes without saying that all the students of Oxford have equal privileges with regard to University instruction. On the contrary the instruction of the colleges is intended primarily for the members of each particular college. In most “honour” subjects, however, the colleges are now combined on a principle of reciprocity, i. e., every college which provides a lecture in any school is entitled to send its men to other lectures in the same school, without any special fee. In some cases a small fee is charged to those coming from another college than that of the lecturer.

                  The advantages of Oxford education are in a certain measure open to others than students of the University. Some professors  lectures are “public lectures,” and anyone who likes may attend. Indeed, cases have been known where professors who deal with subjects that have no examination value have lectured entirely or mainly to a non-academical audience. But this is, of course, an abnormal phenomenon. Students of the Oxford Association for the Higher Education of Women obtain leave to attend a large number of professional and college lectures along with the men. They pay a small fee. It is quite exceptional and contrary to custom for any college lecture to be attended by anyone not a member of the University (except in the case of the women students just mentioned, who can go in for most of the same examinations as the men, though the University gives them only a certificate and no degree). Neither the University nor the colleges give any recognition to members of other universities, simply as such. Thus a member of a German or an American university, even if a graduate, can only obtain the privileges of the University of Oxford by fulfilling the same conditions as if he had just come from school. Members of Cambridge and of Trinity College, Dublin, may become members of Oxford on easier terms, and a few English local colleges and Colonial universities are now “affiliated” to Oxford, so that students coming from them may count some portion of their previous academical course. The educational inhospitality of the English universities is on every ground much to be regretted. It is a falling away from the international character of the mediæval universities, and arose out of the peculiarity of the English Reformation, which cut off the Church of England alike from the Catholicism and from the Protestantism of the rest of Europe. In the English universities, ecclesiastical “tests” are now abolished (except for theological professorships and degrees in divinity), but the tradition of exclusiveness survives, though the original reason for it has disappeared.

                  The academical year consists nominally of four, practically of three terms, viz.: Michaelmas Term, from about the middle of October to the middle of December; Hilary, or Lent Term, from about the middle of January to the middle of March; Easter and Trinity, counting as one term for all educational purposes, from some time in April (earlier or later according to the date of Easter) to some time in June. College lectures are given during eight weeks of each term, professional lectures generally for six weeks only. As a rule, at combined college lectures, attendance is ascertained at least occasionally and a report is made from time to time to the various colleges from which undergraduates come. It is less common for professors to ascertain attendance, and the audience fluctuates more. It is the business of the college tutor to advise his pupils what lectures to attend, what books to read, etc., and it is he who also endeavors to secure their regular attendance at lectures, whether his own or those of other lecturers. If necessary, college discipline can be brought to bear upon frequent defaulters, i. e., the undergraduate who “cuts” lectures does it at his own risk; needless to say, it is sometimes done.

                  Every undergraduate, in residence, pays his college each term seven pounds sterling or more, i. e., annually twenty-one pounds sterling or more, as tuition fee. This, as a rule, covers all expense of his tuition, unless he chooses to go to a private “coach” in addition. Whether he attends many or few lectures makes no difference. As a rule, an undergraduate is advised not to have more than about eight lectures to hear each week, exclusive of the time he spends with his tutor with essays, etc., or for informal instruction. But, of course, the number of lectures he attends will vary according to the stage at which he has arrived in his work, the lectures that happen to be available for the term, his need of help, or his power of working by himself, and so on. As to expense, it may be noted that tuition is a small part of the expenses of an Oxford or Cambridge undergraduate. One hundred and fifty pounds sterling per annum may be set down as the minimum at which a fairly careful man, at an average college, can get through his academical terms without depriving himself of many of the social advantages of the place. At some colleges the average expense would be lower, at others higher. A really able man who has been well taught at school can make pretty sure of obtaining a scholarship, generally of eighty pounds sterling per annum.

                  As to work done in political science apart from professional and combined college lectures, it is impossible to give any precise information. It may be said that nearly every college tutor who has to do with preparing pupils for the final schools of literæ humaniores, modern history, or jurisprudence, is at some time or to some extent engaged in such teaching. Every tutor in these schools is assumed to have some general acquaintance with political and social science, and no undergraduate can read for any of these schools without having the subject brought before him. When it is understood that what in Oxford is called a “classical” education, includes, e. g., political economy (though in most cases not very much of it), the liberal character of our educational system may be estimated. Whether a great University should not likewise do more for the advancement of learning in special studies, is a question that may very well be asked. At present, we have to a very large degree “the defects of our qualities.” What is known as the “college system,” i. e., the system according to which education is chiefly cared for by the college instead of by the University, has its ardent admirers; but one result of it is that, for many purposes, where there might be one magnificent University, we have twenty small ones existing side by side.

                  I have annexed a list of the lectures on political and social science, open to all students of the University during the academic year of 1890-1891.3

D. G. RITCHIE.

Oxford University.

3 For a brief but careful account of many of the most puzzling peculiarities of the two ancient English universities, I would refer the American reader to Baedeker’s Great Britain (pp. 224-227, of 2d ed.). I have said nothing about Cambridge, as there are many differences from Oxford, both as to the examination system, and as to the arrangement for tuition. The system of study in Oxford is described in detail in a semi-official publication called The Students Handbook to the University and Colleges of Oxford, which will be found less unintelligible than the official Examination Statutes; both are published at the Clarendon Press, Oxford.

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

LECTURES IN POLITICAL AND SOCIAL SCIENCE:
UNIVERSITY OF OXFORD, 1890-91.

[Lectures marked * are open to all by special arrangement. The numbers after each lecture indicate the number of hours each week.]

FACULTY OF LAW.

Michaelmas Term, 1890.

T. Raleigh, M.A., Reader in English Law: Constitutional Law, Executive Government, etc. 2.

Sir William Anson, D.C.L., Warden of All Souls: Constitutional Law, The Courts. 2.

T. E. Holland, D.C.L., Chichele Professor of International Law and Diplomacy: International Law, The Rights of Nations in Time of Peace. 2.

Hilary Term, 1891.

T. Raleigh: Constitutional Law, Parliament, etc. 2.

T. E. Holland: International Law, Treaties and Embassy, Belligerency. 2.

Easter Term, 1891.

J. Williams, B.C.L.: The Law of the Constitution. 2.

A. Grant, B.A.: Questions in International Law. 2.

E. A. Whittuck, B.C.L.: Jurisprudence, Public and Private Law. 2.

FACULTY OF ARTS.

Michaelmas Term, 1890. — Honour Lectures: Literæ Humaniores.

W. Wallace, M.A., Whyte’s Professor of Moral Philosophy: Social Institutions, chiefly in their Ethical Aspects. 2.

W. G. Smith, M.A.: Political Philosophy. 2.

D. G. Ritchie, M.A.: Political Philosophy. 2.

H. Rashdall, M.A.: Political Philosophy. 2.

Modern History.

D. J. Medley, M.A.: English Economic History. 2.

W. A. Spooner, M.A.: Political Philosophy. 1.

D. G. Ritchie: see above.

A. L. Smith, M.A.: Political and Social Questions. 3.

C. H. Roberts, B.A.: Political Science. 2.

Pass Lectures: Literæ Humaniores.

C. N. Jackson, M.A.: Political Economy. 3.

* W. Hawker Hughes, M.A.: Political Economy. 3.

* F. York Powell, M.A.: Political Economy. 3.

* E. M. Walker, M.A.: Political Economy. 3.

* J. A. R. Marriott, M.A.: Political Economy (with papers on Walker). 2.

Hilary Term, 1891. — Honour Lectures: Literæ Humaniores.

W. Wallace: Social Institutions, continued. 1.

H. D. Leigh, M.A.: Greek Political Ideas. 1.

W. G. Smith: Political Philosophy, continued. 2.

D. G. Ritchie: Political Philosophy, continued. 2.

C. H. Roberts: Political Philosophy. 2.

Modern History.

D. G. Ritchie: see above.

C. H. Roberts: Political Science. 2.

L. R. Phelps, M.A.: Political Economy, General Course. 3.

Pass Lectures: Literæ Humaniores.

S. Ball, M.A.: Political Economy. 3.

L. R. Phelps: Political Economy (Adam Smith). 3

* F. York Powell: Political Economy. 3.

* J. A. R. Marriott: Political Economy. 2.

* W. Hawker Hughes: Political Economy. 3.

Easter Term, 1891. — Honour Lectures: Literæ Humaniores.

A. Robinson: Aristotle’s Politics (selected portions). 2.

D. G. Ritchie: Aristotle’s Politics (subject matter). 2.

Modern History.

F. Edgeworth, Professor of Political Economy: Informal Instruction.

S. Ball: Political Economy (questions and papers). Fee £ 1 2s.

Pass Lectures: Literæ Humaniores.

J. R. Marriot: Political Economy. 2.

S. Ball: Political Economy. 3.

F. York Powell: Political Economy. 3.

W. Hawker Hughes: Political Economy. 3.

Source: Annals of the American Academy of Political and Social Science, Vol. II (July 1891), p. 85-95. Copy at archive.org.

Categories
Exam Questions Finance Harvard Transportation

Harvard. Railroad and Corporate Finance. Description, enrollment, exam. Ripley, 1910-1911

The course content is at the intersection of the economics department and the business school. 

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Course Announcement and Description
1910-11

[Economics] 30 1hf. Problems in Railroad and Corporation Finance. Half-course (first half-year). Tu. and Th., hours to be arranged. Professor Ripley.

This course in research will afford opportunity for detailed examination of typical cases of financing, both American and European. The method will be by conference and special reports on chosen topics. Students should preferably have taken Economics 5 and 9b; but this condition is not imperative.

Source: History and Political Science, Comprising the Departments of History and Government, and Economics, 1910-11. Published in the Official Register of Harvard University. Vol. VII No. 23 (June 21, 1910), p. 61.

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Course Enrollment
1910-11

Economics 301hf. Professor Ripley. — Problems in Railroad and Corporation Finance.

Total 11: 2 Graduates, 9 Seniors.

Source: Harvard University. Report of the President of Harvard College, 1910-1911, p. 50.

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ECONOMICS 301
Mid-year Examination 1910-1

  1. Trace the development of the principle that valuation of assets is a factor in fixing reasonableness of charges, in the decisions of the Supreme Court of the United States.
  2. What was the first use made of collateral trust bonds by the old Union Pacific railroad in connection with its dealings with the United States?
  3. State four main reasons why convertible bonds have been so popular of late years.
  4. A stock is selling at $165 per share. One new share at par is offered to stockholders for each four shares held. What will the “rights” be normally worth; and what the market price of shares “ex-rights”?
  5. Explain, in detail, the method used in “Intercorporate Relations” for ascertaining the net capitalization of the railway system of the United States.
  6. Has the Union Pacific railway been mainly financed by means of stock or bond issues since 1900? What is its present status in a general way?
  7. State the main elements in the problem of reorganizing a bankrupt railway, numbering each distinct feature separately.
  8. What is the main argument adduced in favor of abolishing the par value of capital stock?
  9. Discuss the issuance of bonds below par as an expedient for raising funds. How does it appear in the accounts?

Source: Harvard University Archives. Harvard University, Mid-year Examinations, 1852-1943. Box 8, Bound vol. Examination Papers, Mid-Years, 1910-11.

Image Source: Luther Daniels Bradley, “Design for a Union Station”. From 1906-07 the holdings and business practices of railroad administrator and financier Edward Henry Harriman, became the focus of an investigation by the Interstate Commerce Commission. The committee charged that Harriman’s use of Union Pacific resources (the company of which he was president since 1903) to invest in the stocks, bonds, and securities of competing railways, was an unlawful attempt to squelch competition and gain control of the market.
Published in: Chicago Daily News, October 18, 1907.
Image from Library of Congress Prints and Photographs Division Washington, D.C.

Categories
Agricultural Economics Exam Questions Harvard

Harvard. Economics of Agriculture. Description, enrollment, exam. Carver 1910-1911

In 1911 Harvard economics professor Thomas Nixon Carver published a textbook Principles of Rural Economics  that undoubtedly encompassed the content of his course on agricutural economics first taught in 1903-04. Somewhat unusually his book is prefaced with an eight page bibliography.

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Earlier material

ca. 1904 Problem set
1903-04 Final exam
1905-06 Final exam
1908-09 Description, enrollment, final exam

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Course Announcement and Description
1910-11

[Economics] 23 2hf. Economics of Agriculture, with special reference to American conditions. Half-course (second half-year). Tu., Th., at 2.30. Professor Carver.

A study of the relation of agriculture to the whole industrial system, the relative importance of rural and urban economics, the conditions of rural life in different parts of the United States, the forms of land tenure and methods of rent payment, the comparative merits of large and small holdings, the status and wages of farm labor, the influence of farm machinery, farmers’ organizations, the marketing and distribution of farm products, agricultural credit, the policy of the government toward agriculture, and the probable future of American agriculture

Source: History and Political Science, Comprising the Departments of History and Government, and Economics, 1910-11. Published in the Official Register of Harvard University. Vol. VII No. 23 (June 21, 1910), p. 60.

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Course Enrollment
1910-11

Economics 23 2hf. Professor Carver. — Economics of Agriculture, with special reference to American conditions.

Total 73: 5 Graduates, 21 Seniors, 24 Juniors, 10 Sophomores, 5 Freshmen, 8 Others.

Source: Harvard University. Report of the President of Harvard College, 1910-1911, p. 50.

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ECONOMICS 23
Year-end Examination, 1910-11

  1. and 2. What do you understand by small scale, medium scale, and large scale farming, and what are the chief advantages and disadvantages of each.
  1. What are the chief reasons for the decline of the rural population relatively to the urban population?
  1. and 5. What were the principal changes in American agriculture between 1830 and 1865, between 1865 and 1887, and since 1887?
  1. What were the principal contributions of each of the following countries to American agriculture: France, Spain, Holland, and Great Britain?
  2. It is stated that the average yield of corn per acre is higher in Massachusetts than in Iowa. Does this indicate better agriculture in Massachusetts? Explain your answer.
  3. Give a brief description of the Raiffeisen system of agricultural credit.
  4. What are the advantages of non-competing as compared with competing crops?
  5. How does the productivity of the farm labor of the United States compare with that of European countries, and how is the difference to be accounted for?

SourcePapers set for Final Examinations in History, Government, Economics, …, Landscape Architecture, Music in Harvard College. June 1911, p. 59 In Harvard University Archives, Examination papers, 1873-1915 (HUC 7000.25). Box 9. Examination Papers, 1910-11.

Image Source: Udo J. Keppler “America’s Knight, the World’s Challenger” Published in Puck, v. 70, no. 1801 (6 September 1911). Illustration from Library of Congress, Prints and Photographs Division, Washington, D.C.
Summary: A large knight sits on a horse, holding a lance with a banner that states “American Crops”; he has thrown a gauntlet to the ground before him. In the background, Uncle Sam and Columbia sit beneath a canopy in front of a building that appears to be the U.S. Capitol.

Categories
Barnard Biography Columbia Harvard

Columbia. Harvard AM becomes economics instructor. A.M. Day, 1899

This post provides a snapshot of Harvard graduate (A.B./A.M., 1892) Arthur Morgan Day who briefly held junior instructional ranks at Harvard, Columbia and Barnard Colleges. From his March 1942 obituary we learn that he left economics teaching to enter the world of finance in 1900.

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An earlier post with seven reports made by Arthur Morgan Day to his 1892 Harvard class.

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DAY, Arthur Morgan, 1867-
Born in Danbury, Conn., 1867; graduate of Harvard (both A.B. and A.M.) in 1892; Assistant in History, Harvard, 1893-94; Assistant in Economics, Columbia, 1894-99; Instructor in Economics Barnard College, since 1895; Instructor in Economics Columbia, 1899-.

ARTHUR MORGAN DAY, A.M., Instructor in Economics at Columbia, was born in Danbury, Connecticut, April 12, 1867, the son of Josiah Lyon and Ellen Louisa (Baldwin) Day. He graduated at Harvard in the Class of 1892, receiving at the same time the degree of Master of Arts, and in the following year entered the Corps of Instructors in that University as Assistant in History. In 1894 he took the position of Assistant in Economics at Columbia, advanced to Instructor in 1899, and in 1895 was made Instructor in the same branch at Barnard College.

Text and Image Source: Universities and their sons; history, influence and characteristics of American universities, with biographical sketches and  of alumni and recipients of honorary degrees, Vol. II (1899), p. 453.

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Arthur M. Day Dies
Known as Economist

Danbury, March 7. (AP) Arthur M. Day, 74, widely-known economist, financial analyst, and adviser to a number of large corporations, died today at his home here.

Born in Danbury, April 12, 1867. Day was graduated from Harvard in 1892, receiving his bachelor’s and master’s degree simultaneously. He had worked five years in the insurance business after graduating from the public high school here before entering college.

Day taught economics at Harvard for two years following his graduation, and later was a member of the faculty of Barnard College and Columbia University.

He left Columbia in 1900 to become associated with the Prudential Insurance Company.

Some years later he joined Wood, Struthers and Company, New York firm.

Seven years ago he became associated with the Studley Shupert Company, Boston financial consultants.

A bachelor, Day leaves a sister, Mrs. William F. Starr, of Danbury.

SourceHartford Courant. 8 Mar 1942, p. 46.

Categories
Harvard History of Economics Syllabus

Harvard. Reading list for History of Economics through Ricardo. Probably Ashley, 1899-1900

The Harvard Archives has five folders of undated syllabi/reading lists from the economics department. Every so often as curator of Economics in the Rear-view Mirror I cannot resist the urge to attempt dating artifacts that have been unceremoniously dumped into folders labelled e.g. “Economics, Undated (5 of 5)”. 

The following prescribed reading list can be dated with extremely high probability to the course taught by William James Ashley from the turn of the 20th century (1899-90) for which exams have already been transcribed. I have used square brackets to designate additional bibliographic information.

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Evidence of
(i) Ashley’s course and (ii) 1899-1900

Note the close correspondence of the authors in the prescribed reading list to the course announcement below for the 1897-98 academic year (it was not offered 1898-99 when Ashley was on leave). The course description for 1899-1900 would have been helpful, but I have not located a copy yet.

Economics in the Rear-view Mirror posted a first term reading list in the Harvard Archives for Ashley’s course Economics 11: The Modern Economic History of Europe that has a stamp: “Harvard College Library, Cambridge, Mass. Jan 15, 1900” along with a handwritten note in pencil on the second term’s reading list “1899-1900”. Those semester reading lists bear distinct similarities to the reading list featured in this post, both begin with “Prescribed Reading” and we see that almost all authors of items in the reading list are only identified by last name.

The translation of Turgot’s Réflexions in Ashley’s own series Economic Classics was published in 1898. Also the use of many other texts from Ashley’s Economic Classics as well as his use relevant chapters of his own Economic History are strong evidence that we are dealing with Ashley’s course.

Ashley resigned from Harvard effect September 1, 1901. He did not offer Economics 15 in his final year.

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Course Enrollment

Primarily for Graduates:

[Economics] 15. Professor Ashley. — The History and Literature of Economics to the close of the Eighteenth Century. Lectures (2 or 3 hours).

Total 11: 6 Graduates, 2 Seniors, 2 Juniors, 1 Sophomore.

Source: Harvard University. Annual Report of the President of Harvard College, 1899-1900, p. 69.

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Cf. Course Announcement
1897-98

[Economics] 15. The History and Literature of Economics to the Close of the Eighteenth Century. Mon., Wed., (and at the pleasure of the instructor) Fri., at 12. Professor ASHLEY.

The course of economic speculation will here be followed, in its relation alike to the general movement of contemporary thought and to contemporary social conditions. The lectures will consider the economic theories of Plato and Aristotle; the economic ideas underlying Roman law; the mediaeval church and the canonist doctrine; mercantilism in its diverse forms; “political arithmetic;” the origin of the belief in natural rights and its influence on economic thought; the physiocratic doctrine; the work and influence of Adam Smith; the doctrine of population as presented by Malthus; Say and the French school; and the beginnings of academic instruction in economics.

The lectures will be interrupted from time to time for the examination of selected portions of particular authors; and careful study will be given to portions of Plato’s Republic and Aristotle’s Politics (in translation) to Mun’s England’s Treasure, Locke’s Considerations of the Consequences of the Lowering of Interest, certain Essays of Hume, Turgot’s Réflexions, and specified chapters of Adam Smith’s Wealth of Nations, and Malthus’ Essay . Students taking the course are expected to procure the texts of the chief authors considered, and to consult the following critical works:

Ingram, History of Political Economy; Cossa, Introduction to the Study of Political Economy; Cannan, History of the Theories of Production and Distribution; Bonar, Philosophy and Political Economy; Böhm-Bawerk, Capital and Interest; Taussig, Wages and Capital.

Source: Harvard University, Faculty of Arts and Sciences. Division of History and Political Science Comprising the Departments of History and Government and Economics, 1897-98, pp. 33-34. 

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ECONOMICS 15.

PRESCRIBED READING.

Ingram, History of Political Economy. [Edinburgh: Adam & Charles Black, 1888.]

Taussig, Wages and Capital, pp. 124-215. [New York: D. Appleton and company, 1896.]

*  *  *  *  *  *  *  *  *  *  *  *

Plato, The Republic, 368-376, 414-424, 462-465, 473 [note: these are not page numbers but rather text section numbers printed in margins], in the translation either of Jowett or of Davies and Vaughan [London and New York: Macmillan, 1892]; with Jowett’s Introduction. pp. cli-clxxv, clxxxv-cxcii.  [Jowett’s third edition, Oxford: Clarendon Press, 1888]

Aristotle, The Politics, Bk. I and Bk. II, 1-7, in Jowett’s translation; with Jowett’s Introduction, pp. ix-xxxvii. [Oxford: Clarendon Press, 1885]

The teaching of mediaeval Schoolmen and Canonists; as set forth in Ashley, Economic History, I, pp. 124-159, II, ch. vi.  [2nd edition. 1892-93.]

Mun, England’s Treasure by Forraign Trade. [See this title in Ashley’s “Economic Classics”. London: Macmillan, 1895.]

Locke, Considerations of the Consequences of the Lowering of Interest. (in Ward, Lock & Co.’s edition of his Essays, pp. 559-614).

Hume, Essays, “Of Commerce” (23), “Of Money” (25), “Of Interest” (26), “Of the Balance of Trade” (27), “Of Taxes” (30). [David Hume. Essays, Literary, Moral, and Political. London: Ward, Lock & Bowden, Limited, printed sometime after Aug 1891 and 1897. https://catalog.hathitrust.org/Record/100193633].

Turgot, Réflexions sur la formation et la distribution des richesses (in [L.] Robineau’s Turgot [Administration et oeuvres Économiques] in “Petite Bibliothèque Economique” [Paris: Guillaumin et Cie (1889), pp. 46-148; or English translation in Ashley’s “Economic Classics”. London: Macmillan, 1898.]

Adam Smith, “Select Chapters and Passages from The Wealth of Nations [See this title in Ashley’s “Economic Classics”. New York and London: Macmillan, 1895.]

Malthus, “Parallel Chapters of the 1st and 2d editions of An Essay on the Principle of Population” [See this title in Ashley’s “Economic Classics”. New York and London: Macmillan, 1895.]

Ricardo, Principles of Political Economy, ch. I-VI. [See this title in Ashley’s “Economic Classics”: New York and London: Macmillan, 1895.]

J. S. Mill, Essays on Some Unsettled Questions of Political Economy, II-V. [2nd ed. London: Longmans, Green, Reader, and Dyer, 1874.]

Two theses are required: one, before the Christmas Recess, on Mercantilism (illustrated from Mun, or any other important mercantilist writer); the other, before the Spring Recess, on Physiocracy (with a discussion of Turgot’s relation thereto).

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003. HUC(522.2.1) Box 10. Folder “Economics, Undated (5 of 5)”.

Image Source: “Ashley, William James, 1860–” in University and their Sons. History, Influence and Characteristics of American Universities with Biographical Sketches and Portraits of Alumni and Recipients of Honorary Degrees. Editor-in-chief, General Joshua L. Chamberlain, LL.D. Vol II (1899), p. 595.

Categories
Exam Questions Harvard Law and Economics

Harvard. Law of industrial relations. Course description, enrollment, final exam. Wyman, 1910-1911

Besides principles of accounting the Harvard economics department also offered Professor Bruce Wyman’s course on the law of industrial relations for undergraduates contemplating careers in business. This post provides material for the 1910-11 academic year.

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Course material from earlier years

1901-02. Autobiographical note, enrollment, course description, syllabus, exams.

1902-03. Obituary, enrollment, course description, exams.

1903-04. Enrollment and exams.

1904-05. Enrollment, course description, exams.

1905-06. Enrollment, paper assignments, exams.

1906-07. Enrollment, paper topics, exams.

1908-09. Enrollment and exams.

1909-10. Enrollment and exam.

1910. About Wyman’s reputation as a soft-grader (a “snapper problem”) and the scandal that led to the resignation of his Harvard law professorship in 1913.

________________________

Course Teaching Assistant 

Robert Mann Johnson. Harvard A.B. 1908, LL.B. 1911.

Source: Harvard University. Quinquennial catalogue of the officers and graduates 1636-1930, pp. 1043.

*  *  *  *  *  *  *  *

 Johnson graduated from Boston Latin School in 1905. He was working for American Telephone & Telegraph Co. New York City, N.Y. in 1918.

Source: Graduates of the Public Latin School in Boston, 1816-1917. Boston: 1918.

*  *  *  *  *  *  *  *

World War I Selective Service Registration Card (May 1917)

Robert Mann Johnson, b. 28 Feb 1888 in North Weymouth Massachusetts

Home address: 808 Cranston St, Cranston, R.I.

Employed by American Tel. & Telegraph Co. 195 Broadway

*  *  *  *  *  *  *  *

Married Margaret M. Callahan  30 Aug 1919 in NYC. Two daughters.

*  *  *  *  *  *  *  *

World War II, Selective Service Registration Card (26 April 1942)

Robert Mann Johnson b. 28 Feb 1888 in Weymouth, Massachusetts

Home address: 350 East 25 St., Brooklyn, Kings, New York.

Employer’s Name and Address: Milbank, Tweed and Hope. 15 Broad St. NYC

*  *  *  *  *  *  *  *

Robert Mann Johnson died 29 July 1948, NYC of a heart attack as he entered his law firm at 15 Broad St. He lived at 58 Linwood Road, Scarsdale. From his obits:  he practiced law in Massachusetts before going to New York and being admitted to the New York bar in 1921. First with the firm of Masten and Nichols from 1928-1931. Later with the firm of Milbank, Tweed, Hope and Hadley since 1931.

Source: Daily News (New York City), 30 July 1948, p. 49.  The Herald Statesman (Yonkers, NY) 30 July 1948, p. 2.

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Course Announcement and Description
1910-11

[Economics] 21 2hf. Principles of Law governing Industrial Relations. Half-course (second half-year). Mon., Wed., Fri., at 9. Mr. Joseph Warren [sic], assisted by Mr. R. M. Johnson.

Course 21 is not open to students before their last year of undergraduate work. The course considers certain rules of the law governing the course of modern trade and the organization of modern industry. The problems brought forward are actual and the rules of law discussed are specific, so that the instruction may prove of service in a business career. The course forms a natural introduction to the study of law, as it involves many of the elementary principles. And as the course deals with adjudication and legislation on questions of first importance in the economic development of modern times, it may also be of advantage to all those who wish to equip themselves for the intelligent discussion of issues having both legal and economic aspects. In 1910-11 four principal topics will be discussed: Competition; Combination; Association; Consolidation, — some very briefly, some with more detail. The conduct of the course will be by the reading and discussion of cases from the law reports which are contained in an edited series of case books.

Source: History and Political Science, Comprising the Departments of History and Government, and Economics, 1910-11. Published in the Official Register of Harvard University. Vol. VII No. 23 (June 21, 1910), p. 62.

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Course Enrollment
1910-11

Economics 21 1hf. Professor Wyman, assisted by Messr. R. M. Johnson. — Principles of Law governing Industrial Relations.

Total 164: 4 Graduates, 103 Seniors, 47 Juniors, 3 Sophomores, 3 Freshmen, 4 Others.

Source: Harvard University. Report of the President of Harvard College, 1910-1911, p. 50.

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ECONOMICS 21
Mid-year Examination, 1910-11

Give reasons clearly

  1. Two railroads, the A railroad and the X railroad, run from L to M. The X railroad lets shippers from L to M know that if they will agree to ship all their freight by this road they will be given free cartage at M for the delivery of their goods. By this means several very profitable shippers are induced to stop shipping by the A road altogether. Can the A road have an injunction in its own right, or must it wait for the Attorney General to take action?
  2. In the construction of a certain building there are employed certain members of the roofers’ union, the plasterers’ union, etc., etc. These unions are all affiliated with a local trades’ council. The roofers strike for higher wages, and, not getting an immediate response to their demands, they appeal to the trades’ council which calls a general strike on the building. The strikers thereupon put advertisements in the local newspapers requesting that no laboring man shall take the place of any striker. They also station two pickets at the head of the street leading to the house to distribute copies of this advertisement to people coming down the street, the pickets having strict orders not even to engage anyone in conversation. What injunction can the contractors who are building a house get under these circumstances?
  3. A retail druggists’ association is formed in a certain city, its membership including practically all the druggists in that city except A, who is a notorious rate cutter. The association votes that none of its members shall buy any of the remedies made by any manufacturer who shall sell to A without making A agree not to cut the regular price, provided, however, that any member of the association may send a special order to any manufacturer in response to the request of a particular costume. A is now not able continue his price cutting sales, which have been a source of great profit to him. Can he sue X, a member of the association, against whom he has a particular grudge, for all the damages he has suffered?
  4. In a certain partnership there are two partners X and I. Their partnership articles state that their business is to buy and sell drygoods. A salesman comes to their office and begins to negotiate with X a sale of print goods at a distinctly high price and succeeds in inducing X to feel that an extraordinarily large purchase of these goods would be advisable. Y comes in just before the contract is made and protests against it: X nevertheless signs the contract on behalf of the firm. Any reasonable man in the trade would say that the purchase was a foolish one. X dies the next day. Can Y cancel the contract?
  5. A corporation which is the result of the merger of concerns manufacturing 60% of the wall paper in the United States adopts the policy of selling its products only to jobbers, billing it to them at a very high price, but giving them at settlement time a rebate of 33 1/3 % provided that the selling company is satisfied that the jobbers have not handled the wall paper of any other manufacturers during the period covered by the settlement. One jobber after having got and resold wall paper billed to him at $100,000, refuses to make any payment to the wall paper corporation when settlement day comes. How much can the wall paper corporation recover from him?
  6. A director in a railroad corporation makes a contract with it to sell it a steamboat, for which he has paid $500,000, for $500,000. Impartial appraisers would not consider the steamboat worth more than $450,000. The steamboat is delivered to the railroad corporation which has already sent it on one voyage to get freight to carry over its line, when it is sunk by an accident. The railroad has not as yet paid the director for the steamboat. How much can he get from the railroad?
  7. Four manufacturers of iron pipe form a pool agreeing among themselves not to sell below a certain price, to be fixed from time to time by a central committee. To secure the performance of this agreement by each member, each member deposits with a certain trust company $25,000, with the provision that any member breaking the agreement shall forfeit his deposit to the remaining members of the pool. One of the four members of the pool breaks from the pool, whereupon the other three decide to dissolve it. The trust company refuses to pay out any of the money. How much can one of the remaining three concerns recover by suing the trust company?
  8. The principal manufacturers of plumbers’ supplies agree among themselves at a meeting of their association that no member of the association shall sell on credit to any plumber whose indebtedness to any member has not been settled within three months after his bills were due, reserving to any member the right to sell for cash to any plumber, however much he may be in arrears to any member of the association. Is this such a combination as to come within the provisions of the Federal Anti-Trust law, so that a plumber whose business is injured by the enforcement of these policies may sue one of its members for treble damages?

Source: Harvard University Archives. Harvard University, Mid-year Examinations, 1852-1943. Box 8, Bound vol. Examination Papers, Mid-Years, 1910-11.

Categories
Accounting Exam Questions Harvard

Harvard. Principles of Accounting. Course description, enrollment, final exams. William M. Cole, 1910-11

Over two hundred students took William M. Cole’s Principles of Accounting course at Harvard in 1910-11 giving it the second highest enrollment of all economics courses. First place, unsurprisingly went to Taussig’s Principles of Economics that had an enrollment of 531 students.

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Earlier Accounting Exams at Harvard

1900-01
1901-02
1902-03
1903-04
1904-05
1905-06
1906-07
1907-08
1908-09
1909-10

________________________

William M. Cole
His Textbook

Accounts. Their Construction and Interpretation for Business Men and Students of Affairs. Boston: Houghton Mifflin Company, 1908.

“The first issue of this book was brought out at a time when no general, non-technical, non-professional treatise on accounting had been published . The author had then been giving for eight years a course of instruction to seniors in Harvard College on the principles of accounting, and believed that many business men and students of affairs would be interested to see briefly but comprehensively how accounts are constructed and interpreted.”
Revised and enlarged edition, 1915.

________________________

Course Announcement and Description
1910-11

[Economics] 18. Principles of Accounting. Mon., Wed., and (at the pleasure of the instructor) Fri., at 11. Asst. Professor Cole and an assistant.

This course is designed to show the processes by which the earnings and values of business properties are computed. It is not intended primarily to afford practice in book-keeping; but since intelligent construction and interpretation of accounts is impossible without a knowledge of certain main types of book-keeping, practice sufficient to give the student familiarity with elementary technique will form an important part of the work of the course. The chief work, however, will be a study of the principles that underlie the determination of profit, cost, and valuation. These will be considered as they appear in several types of business enterprise. Published accounts of corporations will be examined, and practice in interpretation will be afforded. The instruction will be chiefly by assigned readings, discussions, and written work.

Course 18 is not open to students before their last year of undergraduate work. For men completing their work at the end of the first half-year, it will be counted as a half-course. It is regularly open only to Seniors and to Graduates who have had Economics 1. Students intending to enter the Graduate School of Business Administration are expected to take this course in preparation for the advanced courses in accounting.

Source: History and Political Science, Comprising the Departments of History and Government, and Economics, 1910-11. Published in the Official Register of Harvard University. Vol. VII No. 23 (June 21, 1910), pp. 61-62.

________________________

Course Enrollment
1910-11

Economics 18. Asst. Professor W. M. Cole, assisted by Messrs. R. M. Johnson, and H. B. Platt. — Principles of Accounting. [For biographical information about the teaching assistants, see the post for the 1908-09 course Economics 18]

Total 223: 3 Graduates, 118 Seniors, 59 Juniors, 2 Sophomores, 5 Freshmen, 36 Others.

Source: Harvard University. Report of the President of Harvard College, 1910-1911, p. 50.

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ECONOMICS 18
Mid-year Examination, 1910-11

If possible, give your answers in tabular form.

  1. The bookkeeper has decided to enter the following transactions as belonging to the accounts named in parenthesis in each case. Should the account so named be debited or credited?
    1. Allowing depreciation on buildings (Real Estate).
    2. Collecting interest on an overdue bill (Interest).
    3. Allowing a claim for damages on goods improperly packed (Mdse.).
    4. Setting aside net income as a reserve for possible, but not probable, depreciation (Profit and Loss).
    5. Declaring dividends (Dividends).
  2. If in any cases in Question 1, above, any other account must also be debited or credited, name the account and tell whether the entry should give a debit or a credit to that account.
  3. Under what circumstances would a complete entry (that is, with both sides showing the same amount
    1. debit a customer and credit Commission?
    2. debit Expense and credit a customer?
    3. debit Cash and credit Insurance?
    4. debit Bills Receivable and credit Bills Payable?
    5. debit Neglected Discounts and credit Merchandise?
  4. Show the profit on Merchandise for each of the three following sets of figures:

(a)

Mdse. Dr. on ledger $125,000
Mdse. Cr. on ledger $137,500
Mdse. inventory $15,000
Mdse. Discounts, Dr. $5,500
Mdse. Discounts, Cr. $6,000

(b)

Inventory a year ago $25,000
Purchases, Dr. $100,000
Sales, Cr. $137,500
Discounts given, average 4%
Discounts taken, average $6%
Inventory to-day $15,000

(c)

Merchandise, Dr, balance $27,000
Inventory $42,000
Collected Discounts $2,000
  1. The following is a trial balance, for January 1, 1911, of a business which is about to discontinue operations, and has disposed of all its merchandise, exhausted its supplies, paid all its outstanding obligations except those shown on the trial balance, and collected all sums due it except those shown. Both the notes which it holds and those outstanding against it bear interest. Interest has been paid to date on all notes and bonds Show the balance sheet and the income sheet. If you need any information not given here, assume it, state what you have assumed, and use it.
Proprietor $60,000
Bonds (bought at par) $60,000
Bills Receivable $15,000
Bills Payable $10,000
Expense $5,000
Interest $300
Commission $250
Insurance $150
Taxes $100
Rent $2,500
Merchandise $13,000
Cash $300
$83,300 $83,300
  1. A manufacturing company purchases new machines as shown below. Should you in each case charge Machinery or Maintenance? Give your reasons clearly and concisely.
    The new machines are bought to take the place of old ones worn out. The new may cost initially more or less than the old, may do more or less work than the old, may cost more or less for labor and power in operation than the old. Four conditions are shown in the table below. Answer for each of them.

NEW MACHINES IN COMPARISON WITH THE OLD

(a) Same Same Less
(b) Same More Same
(c) More More Same
(d) More Same Same
  1. Believing money to be worth 4½%, you lend $2748.96 and receive three promissory notes, each for $1000, the first payable in one year, the second in two years, and the third in three years, all without interest. You find the various present-worths of these notes to be as follows: $956.94, $915.73, $876.29. You at once dispose of these notes in part payment of some 5% bonds due in three years (with interest payable annually), which you deem as well secured as the notes, and you find that the notes just pay the premium. What will be the amortisation on the bonds during the first year that you hold them? How do you know?
    How many bonds do you buy?

Source: Harvard University Archives. Harvard University, Mid-year Examinations, 1852-1943. Box 8, Bound vol. Examination Papers, Mid-Years, 1910-11.

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ECONOMICS 18
Year-end Examination, 1910-11

Distribute your time so as to answer
at least eight questions.

  1. Show the trial balance that will result from the following transactions: —
    A invests $50,000 cash and real estate at $30,000.
    He (as proprietor of the business) buys real estate for $20,000 in cash.
    He borrows $30,000 on his note.
    He buys merchandise for $40,000 cash.
    He buys fixtures for $5,000 on credit from B.
    He spends $500 for wages and $100 for advertising.
  2. Certain accounts on a trial balance are as follows: —
Interest $500
Commission $1,300
Wages $13,500
Insurance $300
Rent $600
Stationery $400
Taxes $200
Sales $140,000
Purchases $100,000
Depreciation $6,000
Advertising $1,000

The inventory of merchandise at the beginning of the year was $20,000 (not included in the purchases above), and it is now $25,000. When the books were last closed the proprietors had a credit of $50,000, and nothing has been invested or withdrawn by them since that time. If the books were now to be closed, assuming that the correct figures for all nominal accounts have been given above, what would be the proprietors’ credit?
Show all you can of the balance sheet.

  1. Should the following be charged to capital or to revenue? Give your reason in each case.
    The payment of paid-up premium on a five-year fire-insurance policy.
    The purchase of accrued interest on a bond between interest dates.
    The cost of painted bill-board advertising.
    The cost ($5,000) of store fixtures to replace old fixtures that originally cost less ($2,000) and, though not worn out, are old-fashioned.
    The cost of a new boat landing for a summer hotel when an increase in the draught of lake steamers renders the old landing useless for its original purpose and the new landing costs the same as the old.
  2. In a certain establishment the expense accounts are classified according to the buildings in which the cost is incurred. The buildings and their uses are as follows: —

Building —— Used for…

A. ———— storage of supplies, varnishing shop, and show room.

B. ———— mill, assembling room, and accounting department.

C. ———— sales department, and drafting department.

For each building an account is kept for wages, for supplies, and for overhead expense, and the annual statement shows these nine costs (three kinds of cost for each of three buildings). Without entering into details, or attempting to substitute another plan of accounting, comment on the plan above outlined.

  1. The stock-market quotation for bonds of a certain industrial corporation shows a decline. The reports of earnings by the corporation show a practically steady net income, and 20% increase of business. Does the following comparative balance sheet warrant the decline?

BALANCE SHEET
(Figures are for millions)

1909 1910 1909 1910
Real Estate $25.0 $20.0 Capital Stock $100.0 $100.0
Machinery, etc. 90.0 85.0 Bonds $75.0 $75.0
Stores $2.0 $1.5 Bills Payable $0.5 $0.5
Goods in Process $6.0 $5.5 Accounts Payable $3.0 $2.0
Finished Goods $9.0 $8.0 Accrued Items $0.7 $0.6
Accounts Receivable $30.0 $35.0 Depreciation $10.0
Stocks and Bonds $20.0 $20.0 Allowance for Bad Debts $1.0
Cash $16.7 $13.5 Reserve 10.0 10.0
Prepaid items $0.5 $0.6
$199.2 $189.1 $199.2 $189.1
  1. Does the distinction on a bank balance sheet between the two items in each of the following pairs serve an accounting purpose, or is it merely traditional? If it is serviceable, explain why.
    1. Par value of government bonds held to secure circulation, and premium on such bonds.
    2. National bank notes held, and treasury notes held.
    3. Sums due to banks, and sums due to other depositors.
    4. Surplus, and undivided profits.
  2. Has a life insurance company any accounting liability for expected death claims in connection with persons still living? If so, on what principle is the amount determined? If not, state what disposition is made, in the accounts, of the face of policies written?
  3. A manufacturing corporation issues bonds, payable in twenty years, at a premium. The interest is paid semi-annually.
    What entry should be made on the corporation’s books at the time the bonds are issued?
    What entry should be made on the corporation’s books at the time the first interest is paid?
    What entry should be made on the books of a holder of the bonds when he collects his half-yearly interest?
    Supposing the difference between the market rate and the bond rate to be for the bonds held by one man $25 for a half year, how should you go to work to learn the amortisation for any particular half-year — the first or the last, for instance? Can you find it for the last half-year if you know the market rate to be 4½%?
  4. What have you to say of a method of distributing overhead charges, or expense burden, to the various articles of product in a factory
    1. in the ratio of labor time on each article?
    2. in the ratio of wages in the cost of each article?
    3. in the ratio of machine hours multiplied by the cost of the machines used?

What should enter into a scientific machine-rate for a factory employing all its equipment full time?

SourcePapers set for Final Examinations in History, Government, Economics, …, Landscape Architecture, Music in Harvard College. June 1911, pp. 54-56. In Harvard University Archives, Examination papers, 1873-1915 (HUC 7000.25). Box 9. Examination Papers, 1910-11.

Categories
Exam Questions Harvard Public Finance

Harvard. Municipal Finance. Course description, enrollments, final exam. Huse, 1910-1911

Meet Charles Phillips Huse

1883. Born March 3 in Worcester, MA. Attended Springfield High School. Springfield, MA.

1904. A.B. Harvard.

1905. A.M. Harvard.

1907. Ph.D. Harvard. Thesis: The Financial History of Boston from 1822 to 1859.

1908-09. Instructor in Economics, Dartmouth College.

1909-11. Instructor in Economics at Harvard.

1911-14. Assistant Professor of Economics, University of Missouri.

1914-20. Assistant Professor of Economics, Boston University.

1920-53. Professor of Economics, Boston University.

1958. Died July 13 in Belmont, MA.

*  *  *  *  *  *  *  *  *  *  *

Professor Huse economizes on our nerves as he never did on ice cream or time. His peculiar humor relieves a mental struggle with Gresham’s Law, and his unchanging method nets a return of old quiz questions yearly rejuvenated on each anniversary of their first propounding. This holds true in the long run. That will be all for this time.

Source: Boston University Yearbook, The Hub 1924, p. 32.

One of the greatest and most worth while experiences in Dr. Huse’s life came in 1910 when he went to Washington to aid the National Monetary Commission. His task was to read the volumes written by the Commission and, as each volume was published, to prepare press statements for the newspapers. Partly as a result of the work of this Commission, the Federal Reserve Act was passed. While he was in Washington he had the opportunity of seeing the public buildings and of taking trips into the surrounding country to places of interest.

Source: Boston University Yearbook, The Hub 1927, p. 18.

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Course Enrollment
1910-11

Economics 17 2hf. Dr. Huse. — Municipal Finance.

Total 21: 3 Graduates, 11 Seniors, 5 Juniors, 1 Sophomore, 1 Other.

Source: Harvard University. Report of the President of Harvard College, 1910-1911, p. 50.

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Course Announcement and Description
1910-11

[Economics] 17 2hf.  Municipal Finance. Half-course (second half-year). Mon., Wed., and (at the pleasure of the instructor) Fri., at 10. Dr. Huse.

In this course the expenditures, revenues, and debts of American municipalities will be considered. A comparative study of the financial policies of various cities will be made and consideration given to the views of writers on public finance for the purpose of ascertaining, as far as possible, the principles which should govern municipal administration. Every member of the course will be expected to make a study, under the guidance of the instructor, of the finances of his own city, and will give to the class the results of his work.

This course is open only to those students who have had Economics 7 or 16.

Source: History and Political Science, Comprising the Departments of History and Government, and Economics, 1910-11. Published in the Official Register of Harvard University. Vol. VII No. 23 (June 21, 1910), p. 60.

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ECONOMICS 17
Year-End Examination, 1910-11

Questions 3 and 4 each count one-third. 
  1. Would the acquirement of the right to tax the property of Harvard University be for the best interests of Cambridge?
  2. What are the provisions limiting the tax rate and the amount of indebtedness in Massachusetts cities and towns? What has been their effect? What can be said for and against their retention?
  3. Write upon two of the following topics: —
    1. The effect of Boston’s incorporation upon its finances.
    2. The state’s control of Boston’s finances.
    3. The finances of the Metropolitan Water District.
    4. The Tweed ring.
    5. The reasons for the proposed union of Tonawanda and North Tonawanda, New York.
  4. The following figures relating to the finances of Gloucester, Mass. are taken from the 1907 report on the Statistics of Municipal Finances (Mass.).

RECEIPTS

Revenue

$515,018.71

General

$388,286.05

(Taxes, property and poll

333,368.41)

Commercial

126,732.66

(Water

90,176.38)

Non-Revenue

512,755.54

Offsets to outlays

3,197.42

Municipal indebtedness

444,350.39

Loans, general purposes

$71,000.00

Loans, public service enterprises

40,000.00

Temporary loans, including tax loans

320,000.00

Premiums

1,002.50

Unpaid warrants or orders, current year

12,347.89

Agency and Trust

65,207.73

Total receipts

$1,027,774.25

Balance on hand,
beginning of year

44,081.43

Grand Total

$1,071,855.68

PAYMENTS

Maintenance

$435,983.66

Departmental

$394,447.38

Public service enterprises

40,787.48

(Water

40,767.48)

Cemeteries

748.80

Interest

81,915.13

Loans, general purposes

40,705.96

Loans, public service enterprises

41,209.17

Outlays

61,829.86

Departmental

50,805.79

Public service enterprises (water)

11,024.07

Municipal indebtedness

413,997.72

From revenue

110,428.89

Temporary loans, including tax loans

295,000.00

Warrants or orders, previous years

8,568.83

Agency and Trust

64,437.88

Total payments

$1,058,164.25

Balance on hand,
end of year

13,691.43

Grand Total

$1,071,855.68

Outstanding indebtedness classified by character of obligation,
Loans for general purposes

$642,225.00

Loans for public service enterprises

1,137,000.00

Temporary tax loans

200,000.00

Warrants or orders

12,347.89

$1,991,572.89

Valuation $22,083,852, Population 26,011.

Make a critical study of the finances of Gloucester as revealed by these figures.

SourcePapers set for Final Examinations in History, Government, Economics, …, Landscape Architecture, Music in Harvard College. June 1911, pp. 52-54. In Harvard University Archives, Examination papers, 1873-1915 (HUC 7000.25). Box 9. Examination Papers, 1910-11.

Image Source: Boston University yearbook, 1927.

Categories
Exam Questions Harvard Public Finance

Harvard. Public Finance. Course description, enrollment, semester exams. Bullock, 1910-1911

The field of public finance, especially with regard to issues of taxation, was covered at Harvard in the early decades of the 20th century by Professor Charles Jesse Bullock

From 1906: Selected Readings in Public Finance edited by Charles Jesse Bullock (Boston: Inn & Company).

From 1910: Short bibliography on public finance “for serious minded students” by Bullock

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Earlier versions of the course
by year and instructor

1906-07

https://www.irwincollier.com/harvard-public-finance-and-taxation-enrollments-and-final-exams-bullock-1906-1907/

1907-08

https://www.irwincollier.com/harvard-public-finance-and-taxation-exams-bullock-1907-1908/

1908-09

https://www.irwincollier.com/harvard-examinations-in-public-finance-especially-taxation-bullock-1908-1909/

1909-10 (half-course, American Taxation)

https://www.irwincollier.com/harvard-american-taxation-course-description-enrollment-and-final-exam-bullock-and-huse-1909-1910/

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Course Announcement and Description
1910-11

[Economics] 16 Public Finance (advanced course). Mon., Wed., Fri., at 9. Professor Bullock.

This course is designed for graduate students and for undergraduates who are especially interested in public finance. It cannot be elected by students who have taken Economics 7 [Public Finance course exclusively offered to undergraduates], except by express consent of the instructor.

The course is devoted to the examination of the financial institutions of the principal modern countries, in the light of both theory and history. One or more reports calling for independent investigation will ordinarily be required. Special emphasis will be placed upon questions of American finance.

Source: History and Political Science, Comprising the Departments of History and Government, and Economics, 1910-11. Published in the Official Register of Harvard University. Vol. VII No. 23 (June 21, 1910), pp. 60.

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Course Enrollment
1910-11

Economics 16. Professor Bullock. — Public Finance (advanced course).

Total 7: 5 Graduates, 1 Senior, 1 Junior.

Source: Harvard University. Report of the President of Harvard College, 1910-1911, p. 49.

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ECONOMICS 16
Mid-year Examination, 1910-11

  1. Discuss briefly the classifications of public revenues offered by Smith, Cohn, Bastable, and Seligman.
  2. Discuss the course of development of three classes of public expenditures in the nineteenth century.
  3. Analyze the effects of non-commercial expenditures, with a view to supplying the data necessary for judging of the legitimacy of such expenditures.
  4. What policy should a modern state pursue with respect to public ownership of arable land, forests, and mines?
  5. What fiscal policy would you favor for the following public industries: the post office, railroads, water works, gas works?
  6. What has been the position of commercial revenues in national and local budgets since 1850?
  7. In what departments of public service and to what extent should fees be used by a modern state?
  8. Discuss the relation of taxation to benefits.

Source: Harvard University Archives. Harvard University, Mid-year Examinations, 1852-1943. Box 8, Bound vol. Examination Papers, Mid-Years, 1910-11.

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ECONOMICS 16
Year-End Examination, 1910-11

  1. Discuss double taxation in the United States.
  2. Discus the taxation of incomes in Switzerland and the United States.
  3. Discuss the past and present status of the property tax in Europe.
  4. Discuss the past and present status of the property tax in the United States.
  5. Discuss briefly the history of excise taxation in Europe during the nineteenth century.
  6. Discuss the present custom revenues of Great Britain, France, and Germany.
  7. Discuss the incidence of taxes on mortgages in the American states.
  8. Discuss state supervision of the assessment of property in the American states.

SourcePapers set for Final Examinations in History, Government, Economics, …, Landscape Architecture, Music in Harvard College. June 1911, p. 52. In Harvard University Archives, Examination papers, 1873-1915 (HUC 7000.25). Box 9. Examination Papers, 1910-11, p. 52.

Image Source:  No Income Tax! by Charles Jay Taylor illustrator on the cover of Puck (24 January 1894).   “Print shows a scene at the ‘Income Tax Office’ with a crowd clamoring at the door where a notice states ‘One at a Time’; inside, a wealthy man is standing by a desk, on the floor at his feet, in his hat, are papers labeled ‘Personal Property Tax Sworn Off’, ‘Tax on Capital Sworn Off’, and ‘Tax on Investments’, he kisses the Bible while a government official sits at the desk with his right hand raised.” Library of Congress Prints and Photographs Division Washington, D.C.