The Harvard assistant professor of economics Abram Piatt Andrew played an enormous role in the preparation of the reports of the National Monetary Commission 1908-11, but today’s post is limited to a newspaper report announcing his appointment as Director of the Mint, a short biographical note from his memorial service from 1938, and a letter (August 14, 1909) from his former teacher and colleague Frank W. Taussig responding to the news of a lost book draft or materials for a manuscript.
It is interesting to read of the data back-up problem a century ago and Taussig’s personal solution (safe deposit boxes in banks!).
Note: The American Field Service has a page full of anecdotes from the life of A. Piatt Andrew.
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Biography
ABRAM PIATT ANDREW, Jr., was born in La Porte, La Porte County, Ind., February 12, 1873; attended the public schools and the Lawrenceville (N. J.) School; was graduated from Princeton College in 1893; member of the Harvard Graduate School of Arts and Sciences 1893-98; pursued postgraduate studies in the Universities of Halle, Berlin, and Paris; moved to Gloucester, Mass,, and was instructor and assistant professor of economics in Harvard University 1900-1909; expert assistant and editor of publications of the National Monetary Commission 1908-11; Director of the Mint 1909 and 1910; Assistant Secretary of the Treasury 1910-12; served in France continuously for 4-1/2 years, during the World War, first with the French and later with the United States Army; commissioned major, United States National Army, in September 1917 and promoted to lieutenant colonel September 1918; awarded the Croix de Guerre and the Legion of Honor medal by the Republic of France in 1917 and the distinguished service medal by the United States Government in 1918; elected as a Republican to the Sixty-seventh Congress to fill the vacancy caused by the resignation of Willfred W. Lufkin; reelected to the Sixty-eighth and to the six succeeding Congresses, and served from September 27, 1921, until his death; delegate to the Republican National Conventions at Cleveland in 1924 and at Kansas City in 1928; member of the board of trustees of Princeton University 1932-36; died in Gloucester, Mass., June 3, 1936; remains were cremated and the ashes scattered from an airplane flying over his estate at Eastern Point, Gloucester, Mass.
Source: Memorial Service Held in the House of Representatives of the United States, Together with Remarks Presented in Eulogy of Abram Piatt Andrew, Late a Representative from Massachusetts. Seventy-fifth Congress, First Session. Washington, D.C. GPO, 1938. Archived transcription at the American Field Service website.
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DIRECTOR OF MINT
Professor Abram Piatt Andrew, Jr., Appointed by President Taft—Will Resign from Harvard
Cambridge Tribune, August 7, 1909
On Thursday, President Taft sent to the senate the nomination of Abram Piatt Andrew, Jr., of Massachusetts, to be director of the mint.
Professor Andrew was born in La Porte, Ind., on February 12, 1873. His early education was received at the Lawrenceville School, a private institution at Lawrenceville, N. J. In 1894 he was graduated from Princeton University and then studied at Harvard one year, later spending two years more study at Berlin and Paris. In 1900 the degree of Ph.D. was conferred upon him by Harvard, and that same year he was called to that university as an instructor in the department of economics. Since 1903 he has been assistant professor of economics at Harvard, having for several years conducted the general course in economics for a class of more than five hundred students, and also courses on money, the theory and history of money, theory and history of banking and commercial crises.
In 1906 the Minister of Public Instruction in France conferred upon Professor Andrew the title of “Officer d’Academie,” a high honor given by the French people to men of scholarly attainments and notable achievements at home and abroad. It was conferred in this instance for the professor’s work at Harvard and his writings on economics, particularly financial matters.
For a year Professor Andrew has been expert adviser to the National Monetary Commission, the chairman of which is Senator Aldrich, of Rhode Island, and in order to perform this work he had been given a two years leave of absence from his duties at the college. Professor Andrew went abroad last summer with some of the members of the commission, visiting London, Berlin, Paris and other important financial centres of Europe for the purpose of studying their methods of conducting business and to get information regarding the national and other laws governing banks and stock transactions. Since his return to this country Professor Andrew has been in Washington, where he has been in charge of the editing of the commission’s forthcoming report. This report, which will occupy about twenty volumes, will soon begin to issue from the printer’s hands, and it is believed that it will be the most comprehensive and valuable publication dealing with the world’s banking and financial interests ever published. Professor Andrew’s duties at Washington have included arranging for the contribution of special articles by men of the highest standing in their particular lines.
Numerous articles, many of which have since been republished as pamphlets, have been contributed by Professor Andrew to leading publications. Among those which have attracted wide attention was his “Study of Secretary Shaw’s Policies,” issued at the time of the retirement of the former secretary of the treasury. He has published several articles on currency questions as they concern Oriental countries, notably one on the adoption of the gold standard in India. He also wrote a history of the Mexican dollar. One interesting contribution to American financial literature was a pamphlet dealing with the crisis of 1907, in which the author described the different substitutes then used for money, mentioning more than two hundred varieties.
Professor Andrew arrived at his cottage at Eastern Point, Gloucester, where he has spent his summers for eight years on Wednesday, coming on from the capital especially to attend the pageant. He will remain there only a few days before returning to Washington, where he will spend a month or six weeks in completing some of his work with the Monetary Commission before assuming his new duties as director of the mint. He will continue as adviser to the commission. Although only one year of his leave from Harvard has expired, it is probable that Professor Andrew will soon resign as assistant professor of economics, in order that the college may fill his place permanently.
Source: Cambridge Tribune, Vol. XXXII, No. 23, 7 August, 1909, p. 1.
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Letter from Taussig to Andrew (14 Aug 1909)
Harvard University
Department of Economics
Cambridge, Massachusetts
F. W. Taussig
T. N. Carver
W. Z. Ripley
C. J. Bullock
E. F. Gay
A. P. Andrew
W. M. Cole
O. M. W. Sprague
August 14, 1909
Cotuit, Massachusetts
Dear Andrew:
I have your letter of August 13th, and am truly sorry to hear of the tragedy with your papers. It is nothing less than a tragedy, for however completely one may have the subject at command, the labor of arrangement, compilation, and actual writing must all be done over again. I have been uneasy about my own manuscript, and this summer put it in safe deposit vaults for fear lest possibly my house should burn up. Your mishap almost is like burning your bridges behind you; it is as if you were completely cut loose from your past career.
I note what you say about the memorandum on the work of the Monetary Commission and shall be glad to have it at an early date.
The probabilities are that I shall not spend the coming winter in Cambridge, for Mrs. Taussig’s condition is such that she is ordered away. She spent last winter—as you may remember—in the South and is not so much recovered that a winter in Cambridge can be risked. Although the Departmental situation is by no means such as to make it easy, I am arranging to take a year’s leave of absence. I hope during that time to finish my book and get some other literary chores out of the way. I send you a separate letter on the subject of the Tariff Commission, written in such form that you can show it to Secretary McVeagh and to others to whom you may care to show it.
Very sincerely yours,
[signed]
F. W. Taussig
Enclosure
A. P. Andrew, Esq.
Source: Hoover Institution Archives. Papers of A. Piatt Andrew. Box 15, Folder 15.13 “Correspondence. Taussig, F. W.”
Image Source: A. Piatt Andrew at Red Roof, his home in Gloucester, Massachusetts, 1910. Hoover Institution Archives. Papers of A. Piatt Andrew.(Box 47, folder 9).