Tag: Giddings

Categories
Amherst Chicago Columbia Economists

Columbia. John Maurice Clark. Autobiographical notes, 1949

 

The following recollections of John Maurice Clark of his earliest contacts with economic problems is found in a folder of his papers containing notes about his father, John Bates Clark. The hand-written notes are fairly clear until we come to a clear addition on the final page. Abbreviations are used there and the handwriting is not always clear. Still the pages together provide a few nice stories and short lists of J.M. Clark’s teachers and students.

______________________

June 8, 1949

J.M.C.’s recollections of his earliest contacts with economic problems.

I think my earliest contact with an economic problem came on learning that the carpenter who sometimes came to do odd jobs for us at 23 Round Hill got $2.00 a day. I had a special interest in that carpenter. He was a tall man, with a full, dark beard; and it had been my imprudent interest in his operation with the kitchen double-windows (putting on? taking off?) that led me to lean out of a hammock and over the low rail of our second-story porch, to watch him (I was between two and three at the time). Mechanical consequences—I descended rapidly, landing on my head, but apparently suffering no injury except biting my tongue. Subjective consequences – maybe it pounded a little caution into me at an early age; but the present point is that it fixed that carpenter in my memory as “the man who picked me up.” It was some time later I learned that he got $2.00 a day.

I don’t remember whether I took the initiative and asked, or not. The cost of things was often discussed in our house, and my mother often talked of the difficulty of making both ends meet. I knew my father’s salary, though I can’t be sure now whether it was $3,500 or less. Anyhow, it was maybe eight or ten times the carpenter’s pay; and I began wondering how he made both ends meet, and remarked to my father that $2.00 a day wasn’t much to live on. He answered that it was pretty good pay for that kind of work. So I learned there were two ways of looking at a daily stipend—as income to live on and as the price of the service you gave your employer. Or perhaps simply the standpoints of the recipient and the payer. But especially I learned there were people who had to adjust their ideas of what they could live on, to a fraction of the income we found skimpy for the things we thought of as necessary. In short, I had a lesson in classes and their multiple standards to ponder over; without reaching any very enlightening conclusions.

I don’t think I connected this with our friends the Willistons (of the family connected with Williston seminary in Easthampton) who lived in the big house above us and from whom we rented ours. They were evidently much richer than we. They had gone to Europe (and been shipwrecked on the way, and had to transfer at sea to a lumber-schooner, which threw its deckload of lumber overboard to enable it to take on the people from the helpless steamship. — but that’s another story.)

To return to the carpenter. I suppose today he’d get perhaps $16, more?, and a Smith College salary, for a full professor, might be $7,000 or $8,000. The discrepancy has shrunk to maybe 2/5—certainly less than half—of what it was then. That puzzling discrepancy was my first lesson in economics—the first I remember.

There was another lesson—if you could call it that—the summer we spent a while at the Stanley House (now gone) in Southwest Harbor, on Mt. Desert. The rich people went to Bar Harbor. At Southwest, there was Mr. Brierly who had a yacht. We took our outings in a rowboat, sometimes with the help of a spritsail. One time we were going up Somes Sound, and were passed by one of the biggest ocean-going steam yachts—the “Sultana”. It was a very impressive sight, in those narrow waters, and looked about as big as the “Queen Mary” would to me now. I don’t remember anybody doing any moralizing; but if they did, the impression it left was that we, in our fashion, were doing the same kind of thing they were.

My first contact with economic literature (not counting the subversive economics of Robin Hood, which we boys knew by heart, in the Howard Pyle version) was at 23 Round Hill, so I must have been less than nine. I found a little book on my father’s shelves that had pictures in it – queer pictures done in pen and ink, which puzzled me. There was a boy not much bigger than I was, in queer little knee-britches, acting as a teacher to a class of grown men (including I think a Professor Laughlin, under whom I later taught at the University of Chicago.) And there were classical females being maltreated by brutal men, and other queer things. I was curious enough to read some of the text, to find out about the pictures. It was “Coin’s Financial School,” the famous free-silver tract.

I read enough to become a convinced free-silverite. And then I had the shock of discovering that my beloved and respected father was on the wrong side of that question. I decided there must be more to it than I’d gotten out of the queer picture-book. I suppose that was my first lesson in the need of preserving an open mind and holding economic ideas subject to possible reconsideration. Davenport and Veblen gave me more extensive lessons, fifteen or twenty years later, only this second time it was my father’s ideas I had to rethink, after reluctantly admitting that these opposing ideas represented something real, that needed to be reckoned with. One had to do something about it, though the something didn’t mean substituting Veblen for my father. It was a more difficult and discriminating adjustment that was called for.

To return to my boyhood. It may have been about this time that I learned something about mechanical techniques, when my father took me to see the Springfield Arsenal. They had a museum, with broadswords that had been used in battle—one was so nicked up that its edge had disappeared in a continuous series of surprisingly deep nicks—but the mechanical process that impressed me was a pattern-lathe, rough-shaping the stocks of Krags. On one side was a metal model of the finished stock revolving, with a wheel revolving against it. On the other side was the wooden blank revolving, and a wheel like the one on the model, and linked to it so as to copy its movements, and armed with knives. So the machine could make complicated shapes following any model you put into it, and do it faster and more accurately that a hand worker.

Incidentally (and as a digression) that was our first military rifle with smokeless powder, more powerful than black; our first regular military magazine rifle of the modern kind with a bolt action and a box magazine. The regulars were just getting them. The militia still had the black-powder 45-70 Springfields at the time of the Spanish War, and a Massachusetts regiment had to be ordered off the firing-line at El Caney because their smoke made too good a target. Teddy Roosevelt had pull enough to get Krag carbines for his Rough Riders plus the privilege of using their own Winchesters if individuals preferred, and, if they had the 30-40-220, which took the Krag cartridge.

But my regular education in economic theory began at the age of 9 or 10, in our first year at Amherst, when we lived on Amity Street, opposite Sunset Ave. My father had in mind James Mill’s training of his son, John Stuart Mill, and he copied the techniques of explaining something during a walk, but he didn’t follow James Mill’s example by making me submit a written report for criticism and revision. All he did was to explain about diminishing utility and marginal utility—using the illustration of the oranges. And he was satisfied that I understood it, and concluded that the simple fundamentals of economics could be taught to secondary school or “grammar-school” students. Later, my friend and former graduate student, Leverett Lyon, pithily remarked that I probably understood it better then than I ever had since. Maybe he was right. I know when I met Professor Fetter, the year the Ec. Ass. met in Princeton, he told me I didn’t understand the theory, because I had said (in print, I think) that there were some dangers about the concept of “psychic income.” I didn’t say it was wrong, but I did think it was likely to be misleading to use a term that was associated with accountants’ arithmetic. So I did probably understand the theory “better” at the age of 9 or 10. Twenty ears later, it didn’t look so simple. This was long before I disagreed with Fetter about basing-point pricing and the rightness of the uniform FOB mill price, as the price “true” competition would bring about.

______________________

J.M.C. later history.

Amherst, C in Ec tho 85 on exam, & written work not credited. (cf French A from Wilkins, C from [William Stuart] Symington (father of present (1951) W. Stuart Symington, head of nat security Resources Board). Symie sized my attitude up as that of a gentleman & gave me a gentleman’s mark)ache Crook said he “didn’t get hold” of me. He was correct.

 

Columbia: Giddings, A. S. Johnson, H.L. Moore, Seligman, Seager, Hawkins [?], Chaddock, Agger, Jacobstein. indoctrinated: J. B. C. orthodoxy modified by overhead costs (catalogued as “dynamics”) Dynamics (defined as) everything statics leaves out. & much induction. Take “Essentials” on slow dictation.

Veblen: slow infiltration of its logical & progre[?] rel. to the abstractions of J.B.C.: reverse normalizing might make[?] an arguable claim to equal legitimacy.

1912 ed. of Control of Trusts

“Contribution to theory of competive price” [QJE, August 1914] forerunner of “mon-comp”, largely empirical basis.

Germs of social & inst. ec. Rich-poor, Freedom as val in ec.[??] B. M. Anderson cf. Cooley

Revs of Hobson?, Pigou, Davenport Economics of Enterprise [Political Science Quarterly, Vol 29, no. 2]

 

To Chi. 1915 Changing basis of economic responsibility [JPE, March 1916] on moving to Chi. open declar[ation] of non-Laughlinism: backfire to an Atlantic article of Laughlin’s.

Modern Psych.

1917-18. War-ec. (“basis of war-time collectivism.”)

Students: Garver oral. Slichter, Lyon, Innis, Martin [?], Goodrich, Copeland, O’Grady [John O’Grady ?]

Ayres, Knight on faculty.

Ov. C. [Studies in the Economics of Overhead Costs]

Social Control [of Business]

 

Columbia. Students, Friedman, Ginzberg, Salera, Kuznets’ oral

 

Source: Columbia University Archives. John M. Clark Collection. History of Economic Thought. Box 37, Folder “J. B. Clark, 1847-1938”.

Image Source: John Maurcie Clark. University of Chicago Photographic Archive, apf1-0171.  Special Collections Research Center, University of Chicago Library.

Categories
Barnard Columbia Courses Curriculum

Columbia. Economics Courses with Descriptions, 1905-07

 

 

From time to time I mistakenly repeat the preparation of an artifact, as is the case with this list of instructors and courses offered in economics and social sciences by the Columbia University Faculty of Political Science in 1905-07. Still, I am getting better with respect to formatting, so I am replacing the V1.0 with this V2.0 today.

________________________________

OFFICERS OF INSTRUCTION
FACULTY OF POLITICAL SCIENCE
[Economics and Social Sciences (1905-07)]

EDWIN R. A. SELIGMAN, Ph.D., LL.D., McVickar Professor of Political Economy
[Absent on leave in 1905-06.]
FRANKLIN H. GIDDINGS, Ph.D., LL.D., Professor of Sociology
JOHN B. CLARK, Ph.D., LL.D., Professor of Political Economy
HENRY R. SEAGER, Ph.D., Professor of Political Economy, and Secretary
HENRY L. MOORE, Ph.D., Adjunct Professor of Political Economy
VLADIMIR G. SIMKHOVITCH, Ph.D., Adjunct Professor of Economic History
EDWARD THOMAS DEVINE, Ph.D., LL.D., Professor of Social Economy

OTHER OFFICERS

ALVIN S. JOHNSON, Ph.D., Instructor in Economics
GEORGE J. BAYLES, Ph.D Lecturer in Ecclesiology [A.B., Columbia, 1891; A.M., 1892; LL.B., 1893; Ph.D., 1895.]
ELSIE CLEWS PARSONS, Ph.D., Lecturer in Sociology in Barnard College

________________________________

GROUP III—ECONOMICS AND SOCIAL SCIENCE

GRADUATE COURSES

It is presumed that students who take economics, sociology or social economy as their major subject are familiar with the general principles of economics and sociology as set forth in the ordinary manuals. Students who are not thus prepared are recommended to take the courses in Columbia College or Barnard College designated as Economics 1 and 2 (or A and 4) and Sociology 151-152.

The graduate courses fall under three subjects: A—Political Economy and Finance; B—Sociology and Statistics; C—Social Economy.

Courses numbered 100 to 199 are open to Seniors in Columbia College.

Courses numbered 200 and above are open to graduate women students upon the same terms as to men.

All the courses are open to male auditors. Women holding the first degree may register as auditors in Courses numbered 200 and above.

Subject A—Political Economy and Finance

ECONOMICS 101-102—Taxation and Finance. Professor SELIGMAN.
M. and W. at 1.30. 422 L.

This course is historical, as well as comparative and critical. After giving a general introduction and tracing the history of the science of finance, it treats of the various rules of the public expenditures and the methods of meeting the same among civilized nations. It describes the different kinds of public revenues, including the public domain and public property, public works and industrial undertakings, special assessments, fees, and taxes. It is in great part a course on the history, theories, and methods of taxation in all civilized countries. It considers also public debt, methods of borrowing, redemption, refunding, repudiation, etc. Finally, it describes the fiscal organization of the state by which the revenue is collected and expended, and discusses the budget, national, state, and local. Although the course is comparative, the point of view is American. Students are furnished with the current public documents of the United States Treasury and the chief financial reports of the leading commonwealths, and are expected to understand all the facts in regard to public debt, revenue, and expenditure contained therein.

Given in 1906-07 and in each year thereafter.

ECONOMICS 103—Money and Banking. Professor H. L. MOORE.
Tu. and Th. at 10.30, first half-year. 415 L.

The aim of this course is (1) to describe the mechanism of exchange and to trace the history of the metallic money, the paper money, and the banking system of the United States; to discuss such questions as bi-metallism, foreign exchanges, credit cycles, elasticity of the currency, present currency problems, and corresponding schemes of reform; (2) to illustrate the quantitative treatment of such questions as variations in the value of the money unit, and the effects of appreciation and depreciation.

ECONOMICS 104—Commerce and Commercial Policy. Dr. JOHNSON.
Tu. and Th. at 10.30, second half-year. 415 L.

In this course the economic bases of modern commerce, and the significance of commerce, domestic and foreign, in its relation to American industry, will be studied. An analysis will be made of the extent and character of the foreign trade of the United States, and the nature and effect of the commercial policies of the principal commercial nations will be examined.

ECONOMICS 105—The Labor Problem. Professor SEAGER.
Tu. and Th. at 11.30, first half-year. 415 L.

The topics considered in this course are: The rise of the factory system, factory legislation, the growth of trade unions and changes in the law in respect to them, the policies of trade unions, strikes, lockouts, arbitration and conciliation, proposed solutions of the labor problem, and the future of labor in the United States.

Given in 1906-07 and in alternate years thereafter.

ECONOMICS 106—The Trust Problem. Professor SEAGER.
Tu. and Th. at 11.30, second half-year. 415 L.

In this course special attention is given to the trust problem as it presents itself in the United States. Among the topics considered are the rise and progress of industrial combinations, the forms of organization and policies of typical combinations, the common law and the trusts, anti-trust acts and their results, and other proposed solutions of the problem.

Given in 1906-07 and in alternate years thereafter.

[ECONOMICS 107—Fiscal and Industrial History of the United States. Professor SELIGMAN.
M. and W. at 3.30, first half-year. 415 L.

This course endeavors to present a survey of national legislation on currency, finance, and taxation, including the tariff, together with its relations to the state of industry and commerce. The chief topics discussed are: The fiscal and industrial conditions of the colonies; the financial methods of the Revolution and the Confederation; the genesis of the protective idea; the fiscal policies of the Federalists and of the Republicans; the financial management of the War of 1812; the industrial effects of the restrictive and war periods; the crises of 1819, 1825, and 1837; the tariffs of 1816, 1824, and 1828; the distribution of the surplus and the Bank war; the currency problems before 1863; the era of “free trade,” and the tariffs of 1846 and 1857; the fiscal problems of the Civil War; the methods of resumption, conversion and payment of the debt; the disappearance of the war taxes; the continuance of the war tariffs; the money question and the acts of 1878, 1890, and 1900; the loans of 1894-96; the tariffs of 1890, 1894, and 1897; the fiscal aspects of the Spanish War. The course closes with a discussion of the current problems of currency and trade, and with a general consideration of the arguments for and against protection as illustrated by the practical operations of the various tariffs.

Not given in 1905-07.]

[ECONOMICS 108— Railroad Problems; Economic, Social, and Legal. Professor SELIGMAN.
M. and W. at 3.30, second half-year. 415 L.

These lectures treat of railroads in the fourfold aspect of their relation to the investors, the employees, the public, and the state respectively. A history of railways and railway policy in America and Europe forms the preliminary part of the course. The chief problems of railway management, so far as they are of economic importance, come up for discussion.

Among the subjects treated are: Financial methods, railway constructions, speculation, profits, failures, accounts and reports, expenses, tariffs, principles of rates, classification and discrimination, competition and pooling, accidents, and employers’ liability. Especial attention is paid to the methods of regulation and legislation in the United States as compared with European methods, and the course closes with a general discussion of state versus private management.

Not given in 1905-07.]

ECONOMICS 109 — Communistic and Socialistic Theories. Professor CLARK.
Tu. and Th. at 2.30, first half-year. 406 L.

This course studies the theories of St. Simon, Fourier, Proudhon, Rodbertus, Marx, Lassalle, and others. It aims to utilize recent discoveries in economic science in making a critical test of these theories themselves and of certain counter-arguments. It examines the socialistic ideals of distribution, and the effects that, by reason of natural laws, would follow an attempt to realize them through the action of the state.

ECONOMICS 110 — Theories of Social Reform. Professor CLARK.
Tu. and Th. at 2.30, second half-year. 406 L.

This course treats of certain plans for the partial reconstruction of industrial society that have been advocated in the United States, and endeavors to determine what reforms are in harmony with economic principles. It treats of the proposed single tax, of the measures advocated by the Farmers’ Alliance, and of those proposed by labor organizations, and the general relation of the state to industry.

ECONOMICS 201—Economic Readings I: Classical English Economists. Professor SEAGER.
Tu. and Th. at 11.30, first half-year. 415 L.

In this course the principal theories of the English economists from Adam Smith to John Stuart Mill are studied by means of lectures, assigned readings and reports, and discussions. Special attention is given to the Wealth of Nations, Malthus’s Essay on Population, the bullion controversy of 1810, the corn law controversy of 1815, and the treatises on Political Economy of Ricardo, Senior, and John Stuart Mill.

Given in 1905-06 and in alternate years thereafter.

ECONOMICS 202—Economic Readings II: Contemporary Economists. Professor SEAGER.
Tu. and Th. at 11.30, second half-year. 415 L.

In this course the theories of contemporary economists are compared and studied by the same methods employed in Economics 201. Special attention is given to Böhm-Bawerk’s Positive Theory of Capital and Marshall’s Principles of Economics.

Given in 1905-06 and in alternate years thereafter.

ECONOMICS 203-204—History of Economics. Professor SELIGMAN.
M. and W. at 3.30. 415 L.

In this course the various systems of political economy are discussed in their historical development. The chief exponents of the different schools are taken up in their order, and especial attention is directed to the wider aspects of the connection between the theories and the organization of the existing industrial society. The chief writers discussed are:

I. Antiquity: The Oriental Codes; Plato, Aristotle, Xenophon, Cato, Seneca, Cicero, the Agrarians, the Jurists.

II. Middle Ages: The Church Fathers, Aquinas, the Glossators, the writers on money, trade, and usury.

III. Mercantilists: Hales, Mun, Petty, Barbon, North, Locke; Bodin, Vauban, Boisguillebert, Forbonnais; Serra, Galiani ; Justi, Sonnenfels.

IV. Physiocrats: Quesnay, Gournay, Turgot, Mirabeau.

V. Adam Smith and precursors: Tucker, Hume, Cantillon, Stewart.

VI. English school: Malthus, Ricardo, Senior, McCulloch, Chalmers, Jones, Mill.

VII. The Continent: Say, Sismondi, Cournot, Bastiat; Herrmann, List, von Thünen.

VIII. German historical school: Roscher, Knies, Hildebrandt.

IX. Recent Development—England: Rogers, Jevons, Cairnes, Bagehot, Leslie, Toynbee, Marshall; Germany: Wagner, Schmoller, Held, Brentano, Cohn, Schäffle; Austria: Menger, Sax, Böhm-Bawerk, Wieser; France: Leroy Beaulieu, Laveleye, Gide, Walras; Italy: Cossa, Loria, Pantaleoni; America: Carey, George, Walker, Clark, Patten, Adams.

Given in 1906-07 and in alternate years thereafter.

ECONOMICS 205—Economic Theory I. Professor CLARK.
M. and W. at 2.30, first half-year. 406 L.

This course discusses, first, the static laws of distribution. If the processes of industry were not changing, wages and industry would tend to adjust themselves according to certain standards. A study of the mechanism of production would then show that one part of the product is specifically attributable to labor, and that another part is imputable to capital. It is the object of the course to show that the tendency of free competition, under such conditions, is to give to labor, in the form of wages, the amount that it specifically creates, and also to give to capital, in the form of interest, what it specifically produces. The theory undertakes to prove that the earnings of labor and of capital are governed by a principle of final productivity, and that this principle must be studied on a social scale, rather than in any one department of production. The latter part of this course enters the field of Economic Dynamics, defines an economic society and describes the forces which so act upon it as to change its structure and its mode of producing and distributing wealth.

ECONOMICS 206—Economic Theory II. Professor CLARK.
M. and W. at 2.30, second half-year. 406 L.

This course continues the discussion of the dynamic laws of distribution. The processes of industry are actually progressing. Mechanical invention, emigration and other influences cause capital and labor to be applied in new ways and with enlarging results. These influences do not even repress the action of the static forces of distribution, but they bring a new set of forces into action. They create, first, employers’ profits, and, later, additions to wages and interest. It is the object of the course to show how industrial progress affects the several shares in distribution under a system of competition, and also to determine whether the consolidations of labor and capital, which are a distinctive feature of modern industry, have the effect of repressing competition. It is a further purpose of the course to present the natural laws by which the increase of capital and that of labor are governed and to discuss the manner in which the earnings of these agents are affected by the action of the state, and to present at some length the character and the effects of those obstructions which pure economic law encounters in the practical world.

ECONOMICS 207—Theory of Statistics. Professor H. L. MOORE.
Tu. and Th. at 1.30, first half-year. 418 L.

The aim of this course is to present the elementary principles of statistics and to illustrate their application by concrete studies in the chief sources of statistical material. The theoretical part of the course includes the study of averages, index numbers, interpolation, principles of the graphic method, elements of demography, and statistical principles of insurance. The laboratory work consists of a graded series of problems designed to develop accuracy and facility in the application of principles. (Identical with Sociology 255.)

ECONOMICS 208—Quantitative Economics I: Advanced Statistics. Professor H. L. MOORE.
W. and F. at 11.30, second half-year. 418 L.

Quantitative Economics I and II (see Economics 210) investigate economics as an exact science. This course treats economics from the inductive, statistical side. It aims to show how the methods of quantitative biology and anthropology are utilized in economics and sociology. Special attention is given to recent contributions to statistical theory by Galton, Edgeworth, and Pearson. Economics 207, or an equivalent, is a prerequisite.

Given in 1905-06 and in alternate years thereafter.

ECONOMICS 210—Quantitative Economics II: Mathematical Economics. Professor H. L. MOORE.
W. and F. at 11.30, second half-year. 418 L.

This course treats economics from the deductive side. It aims to show the utility of an analytical treatment of economic laws expressed in symbolic form. The work of Cournot is presented and used as a basis for the discussion of the contributions to the mathematical method by Walras, Marshall, and Pareto. Economics 207, or an equivalent, is a prerequisite.

Given in 1906-07 and in alternate years thereafter.

ECONOMICS 241—The Economic and Social Evolution of Russia since 1800. Professor SIMKHOVITCH.
M. and F. at 9.30, first half-year. 418 L.

This course describes the economic development of the country, the growth of slavophil, liberal and revolutionary doctrines and parties, and the disintegration of the autocratic régime. (Identical with History 281.)

ECONOMICS 242—Radicalism and Social Reform as Reflected in the Literature of the Nineteenth Century. Professor SIMKHOVITCH.
M. at 9.30 and 10.30, second half-year. 418 L.

An interpretation of the various types of modern radicalism, such as socialism, nihilism, and anarchism, and of the social and economic conditions on which they are based.

ECONOMICS 291-292—Seminar in Political Economy and Finance. Professors SELIGMAN and CLARK.
For advanced students. Tu., 8.15-10.15 P.M. 301 L.

 

Subject B—Sociology and Statistics

SOCIOLOGY 151-152—Principles of Sociology. Professor GIDDINGS.
Tu. and Th. at 3.30. 415 L.

This is a fundamental course, intended to lay a foundation for advanced work. In the first half-year, in connection with a text-book study of theory, lectures are given on the social traits, organization, and welfare of the American people at various stages of their history and students are required to analyze and classify sociological material of live interest, obtained from newspapers, reviews, and official reports. In the second half-year lectures are given on the sociological systems of important writers, including Montesquieu, Comte, Spencer, Schäffle, De Greef, Gumplowicz, Ward, and Tarde. This course is the proper preparation for statistical sociology (Sociology 255 and 256) or for historical sociology (Sociology 251 and 252).

SOCIOLOGY 251—Social Evolution—Ethnic and Civil Origins. Professor GIDDINGS.
F. at 2.30 and 3.30, first half-year. 415 L.

This course on historical sociology deals with such topics as (1) the distribution and ethnic composition of primitive populations; (2) the types of mind and of character, the capacity for coöperation, the cultural beliefs, and the economic, legal, and political habits of early peoples; (3) early forms of the family, the origins, structure, and functions of the clan, the organization of the tribe, the rise of the tribal federations, tribal feudalism, and the conversion of a gentile into a civil plan of social organization. Early literature, legal codes, and chronicles, descriptive of the Celtic and Teutonic groups which combined to form the English people before the Norman Conquest, are the chief sources made use of in this course.

SOCIOLOGY 252—Social Evolution—Civilization, Progress, and Democracy. Professor GIDDINGS.
F. at 2.30 and 3.30, second half-year. 415 L.

This course, which is a continuation of Sociology 251, comprises three parts, namely: (1) The nature of those secondary civilizations which are created by conquest, and of the policies by which they seek to maintain and to extend themselves; (2) an examination of the nature of progress and of its causes, including the rise of discussion and the growth of public opinion; also a consideration of the policies by which continuing progress is ensured,—including measures for the expansion of intellectual freedom, for the control of arbitrary authority by legality, for the repression of collective violence, and for the control of collective impulse by deliberation; (3) a study of the nature, the genesis, and the social organization of modern democracies, including an examination of the extent to which non-political associations for culture and pleasure, churches, business corporations, and labor unions, are more or less democratic; and of the democratic ideals of equality and fraternity in their relations to social order and to liberty. The documents of English history since the Norman Conquest are the chief sources made use of in this course.

SOCIOLOGY 255—Theory of Statistics. Professor H. L. MOORE.
Tu. and Th. at 1.30, first half-year. 418 L.

This course is identical with Economics 207 (see [above]).

SOCIOLOGY 256—Social Statistics. Professor GIDDINGS.
Tu. and Th. at 1.30, second half-year. 418 L.

Actual statistical materials, descriptive and explanatory of contemporaneous societies, are the subject-matter of this course, which presupposes a knowledge of statistical operations (Sociology 255) and applies it to the analysis of concrete problems. The lectures cover such topics as (1) the statistics of population, including densities and migrations, composition by age, sex, and nationality, amalgamation by intermarriage; (2) statistics of mental traits and products, including languages, religious preferences, economic preferences (occupations), and political preferences; (3) statistics of social organization, including families, households, municipalities, churches, business corporations, labor unions, courts of law, army, navy, and civil service; (4) statistics of social welfare, including peace and war, prosperity, education or illiteracy, vitality, and morality, including pauperism and crime.

SOCIOLOGY 259—Ecclesiology. Dr. BAYLES.
Tu. and F. at 4.30, first half-year. 405 L.

The purpose of this course is to define the present relations of the ecclesiastical institutions to the other institutions of American society: the state, the government, marriage, family, education, and public wealth. An analysis is made of the guarantees of religious liberty contained in the federal and commonwealth constitutions; of the civil status of churches in terms of constitutional and statute law; of the methods of incorporation, of the functions of trustees, of legislative and judicial control; of denominational polity according to its type; of the functional activity of churches in their departments of legislation, administration, adjudication, discipline, and mission; of the influence of churches on ethical standards; of the distribution of nationalities among the denominations, of the territorial distribution of denominational strength, of the relation of polity to density of population, and of the current movements in and between various organizations tending toward changes of functions and structure.

SOCIOLOGY 279-280—Seminar in Sociology. Professor GIDDINGS.
W. at 3.30 and 4.30, bi-weekly. 301 L.

The Statistical Laboratory, conducted by Professors GIDDINGS and H. L. MOORE, is equipped with the Hollerith tabulating machines, comptometers, and other modern facilities.

Subject C—Social Economy

SOCIAL ECONOMY 281—Poverty and Dependence. Professor DEVINE.
Th. and F. at 4.30, first half-year. 418 L.

The purpose of this course and of Social Economy 282, which follows, is to study dependence and measures of relief, and to analyze the more important movements which aim to improve social conditions. An attempt is made to measure the extent of dependence, both in its definite forms, as in charitable and penal institutions, and in its less recognized and definite forms, as when it results in the lowering of the standard of living or the placing of unreasonably heavy burdens upon children or widows. Among the special classes of social debtors which are studied, besides the paupers, the vagrants, the dissipated, and the criminals, who require discipline or segregation as well as relief, are: Orphans and other dependent children; the sick and disabled; the aged and infirm; the widow and the deserted family; the immigrant and the displaced laborer; the underfed and consequently short-lived worker.

Given in 1905—06 and in alternate years thereafter.

SOCIAL ECONOMY 282—Principles of Relief. Professor DEVINE.
Th. and F. at 4.30, second half-year. 418 L.

In this course the normal standard of living is considered concretely to secure a basis from which deficiencies may be estimated. A large number of individual typical relief problems are presented, and from these, by a “case system,” analogous to that of the modern law school, the principles of relief are deduced. Among the larger movements to be considered are: Charity organization; social settlements; housing reform; the elimination of disease; the restriction of child labor; and the prevention of overcrowding, and especially the congestion of population in the tenement-house districts of the great cities.

Given in 1903-06 and in alternate years thereafter.

SOCIAL ECONOMY 283—Pauperism and Poor Laws. Professor SEAGER.
M. at 3.30 and 4.30, first half-year. 418 L.

This is an historical and comparative course intended to supplement Social Economy 281 and 282. Lectures on the history of the English poor law are followed by discussions of farm colonies, the boarding-out system for children, old-age pensions, and other plans of relief currently advocated in England. On this basis the public relief problems of New York State and City and the institutions attempting their solution are studied by means of excursions, lectures, and discussions.

SOCIAL ECONOMY 285—The Standard of Living. Professor DEVINE.
Th. and F. at 4.30, first half-year. 418 L.

A concrete study of the standard of living in New York City in the classes which are above the line of actual dependence, but below or near the line of full nutrition and economic independence. While this course will not be given in the year 1905-06, assignments will be made in the School of Philanthropy for research in such portions of this field as suitably prepared students may elect to undertake.

Given in 1906-07 and in alternate years thereafter.

SOCIAL ECONOMY 286—The Prevention and Diminution of Crime. Professor DEVINE.
Th. and F. at 4.30, second half-year. 418 L.

This course will deal with the social function of the penal and police systems. Special attention will be given to such subjects as juvenile courts; the probation system; indeterminate sentence; treatment of discharged prisoners; the system of local jails; segregation of incorrigibles, and prison labor.

Given in 1906-07 and in alternate years thereafter.

SOCIAL ECONOMY 290—Crime and Criminal Anthropology. Professor GIDDINGS.

Students desiring to make a special study of crime, criminal anthropology, and the theory of criminal responsibility may take the lectures of Sociology 256 or of Social Economy 286 and follow prescribed readings under the direction of Professor GIDDINGS.

SOCIAL ECONOMY 299-300—Seminar in Social Economy. Professor DEVINE.
Two hours a week. Hours to be arranged.

The work of the Seminar for 1905-07 will be a study of recent developments in the social and philanthropic activities of New York City; e. g., the social settlements; parks and playgrounds; outside activities of public schools; children’s institutions; relief societies; agencies for the aid of immigrants, and the preventive work of organized charities.

COURSES IN THE SCHOOL OF PHILANTHROPY

The School of Philanthropy, conducted by the Charity Organization Society, under the direction of Professor Devine, offers courses* aggregating not less than ten hours a week throughout the academic year, and also a Summer School course of six weeks in June and July. These courses are open to regular students of Columbia University who satisfy the director that they are qualified to pursue them with profit, and are accepted as a minor for candidates for an advanced degree.

The program of studies for 1905-06 is as follows:

            A—General survey (forty lectures) ; B—Dependent families (fifty lectures); C—Racial traits and social conditions (thirty-five lectures); D—Constructive social work (fifty lectures) ; E—Child-helping agencies (forty lectures); F—Treatment of the criminal (thirty lectures); G—Administration of charitable and educational institutions (thirty lectures); H—The State in its relation to charities and correction (forty lectures).

* These courses are given in the United Charities Building, corner Fourth Avenue and 22d Street.

 

COURSES IN COLUMBIA COLLEGE

ECONOMICS 1-2—Introduction to Economics—Practical Economic Problems. Professors SELIGMAN and SEAGER, and Dr. JOHNSON.
Section 1, M. and W. at 9.30, and F. at 11.30. Section 2, M., W., and F. at 11.30. M. and W. recitations in 415 L. F. lecture in 422 L.

 

COURSES IN BARNARD COLLEGE

ECONOMICS A—Outlines of Economics. Professor MOORE and Dr. JOHNSON.
Three hours, first half-year.
Section 1, Tu., Th., and S. at 9.30. Section 2, Tu. and Th. at 11.30, and S. at 9.30.

ECONOMICS 4—Economic History of England and the United States. Professor MOORE and Dr. JOHNSON.
M., W., and F. at 10.30, second half-year.

ECONOMICS 105—The Labor Problem. Professor SEAGER.
Tu. and Th. at 1.30, first half-year.

The topics treated in this course are the rise of the factory system, factory legislation, the growth of trade unions and changes in the law in respect to them, the policies of trade unions, strikes, lockouts, arbitration and conciliation, proposed solutions of the labor problem, and the future of labor in the United States.

ECONOMICS 120—Practical Economic Problems. Professor SEAGER.
Tu. and Th. at 1.30, second half-year.

The topics treated in this course are the defects in the monetary and banking systems of the United States, government expenditures and government revenues, protection vs. free trade, the relation of the government towards natural monopolies, and federal control of trusts.

ECONOMICS 121—English Social Reformers. Professor MOORE.
W. and F. at 1.30, first half-year.

A critical study of the social teachings of Carlyle, Ruskin, John Stuart Mill, Kingsley, and Thomas H. Green.
Open to students that have taken Course A or an equivalent.

ECONOMICS 122—Economic Theory. Professor MOORE.
W. and F. at 1.30, second half-year.

A critical study of Marshall’s Principles of Economics. The principal aim of this course is to present the methods and results of recent economic theory.
Open to students that have taken Course A or an equivalent.

ECONOMICS 109—Communistic and Socialistic Theories. Professor CLARK.
Tu. and Th. at 11.30, first half-year.

In this course a brief study is made of the works of St. Simon, Fourier, Proudhon, Owen, and Lassalle, and a more extended study is made of Marx’s treatise on capital. Recent economic changes, such as the formation of trusts and strong trade unions, are examined with a view to ascertaining what effect they have had on the modern socialistic movement.

ECONOMICS 110—Theories of Social Reform. Professor CLARK.
Tu. and Th. at 11.30, second half-year.

In this course a study is made of modern semi-socialistic movements and of such reforms as have for their object the improvement of the condition of the working class. Municipal activities, factory legislation, the single tax, recent agrarian movements and measures for the regulation of monopolies are studied.

SOCIOLOGY 151-152—Principles of Sociology. Professor GIDDINGS.
Tu. and Th. at 2.30.

This is a fundamental course, intended to lay a foundation for advanced work. In the first half-year, in connection with a text-book study of theory, lectures are given on the social traits, organization, and welfare of the American people at various stages of their history, and students are required to analyze and classify sociological material of live interest, obtained from newspapers, reviews, and official reports. In the second half-year, lectures are given on the sociological systems of important writers, including Montesquieu, Comte, Spencer, Schäffle, De Greef, Gumplowicz, Ward, and Tarde.

SOCIOLOGY 153-154 —Family Organization. Dr. ELSIE CLEWS PARSONS.
Tu. at 3.30, bi-weekly.

Field work in the study of family groups. Consultations.
Open to Seniors.

In connection with the lectures and field work of this course opportunities are given to students to become acquainted with the more important private institutions for social betterment in New York City, and to study the organization and activity of the various public agencies charged with the welfare of the community.

 

COURSES IN THE SUMMER SESSION

sA—Economic History of England and America. Lectures, recitations, and essays. Dr. JOHNSON.
Five hours a week at 1.30. 501 F. Credit I
(Equivalent, when supplemented by prescribed reading, to Economics 4.)

sB—Principles of Economics. Lectures and class discussions. Dr. JOHNSON.
Five hours a week at 2.30. 501 F. Credit I.
(Equivalent, when supplemented by prescribed reading, to Economics 1.)

sA1—Principles of Sociology. Descriptive and theoretical. Professor GIDDINGS.
Five hours a week at 10.30. 415 L. Credit I, II.
(Equivalent to Sociology IS1-)

sA2—Principles of Sociology. History of sociological theory. Professor GIDDINGS.
Five hours a week at 9.30. 415 L. Credit I, II.
(Equivalent to Sociology 152.)

Source: Columbia University. Bulletin of Information. Courses Offered by the Faculty of Political Science and the Several Undergraduate Faculties. Announcement 1905-07. pp. 3, 24-36.

Image Source: Roberto Ferrari, Unveiling Alma Mater [Sept 23, 1903]. Columbia University Libraries. July 15, 2104.

Categories
Barnard Columbia Economists

Columbia. Budgeting John Bates Clark’s Salary After His Retirement, ca. 1911

 

The following undated memorandum comes from Prof. E.R.A. Seligman’s papers in a folder of Columbia related material for 1911-1913. From the Bulletin of the Faculty of Political Science we know that Prof. Simkhovitch took over Clark’s course on socialism in 1908 (Seligman below writes that Simkhovitch gave a similar course “at Columbia for the last two or three years”). Robert E. Chaddock took up the statistics assistant professorship mentioned in the memo in 1911. So it is pretty clear that this memorandum was written to motivate the economics department decision not to seek a senior professor with the funds released by Clark’s retirement but instead divided the funds between hiring someone for statistics, additional compensation for Henry Roger Seager to continue his teaching a labor course at Barnard and additional compensation for Professor Vladimir Simkhovitch to take over Clark’s course on Socialism at Barnard.

_____________________________

MEMORANDUM in reference to PROFESSOR CLARK’S RETIREMENT.

Professor Clark’s retirement is a serious loss to the Department of Economics and to Barnard College. Ordinarily the withdrawal of such a distinguished member of the faculty should lead to the appointment of a successor of equal prominence. In this case, however, there is no one of equal distinction available, and after making a thorough and impartial survey of the field, the department is convinced that it will be wiser to call the most promising younger man to be found as assistant professor then to call in a full professor who might prove disappointing. This plan has the advantage, moreover, of permitting a readjustment of the courses in economics to be open to Barnard students that would be highly advantageous for the College.

It will be remembered that when the original arrangement was entered into the trustees of Barnard agreed to provide the sum of $5,000 toward the higher or university work in economics at Columbia, on condition that certain courses at Columbia be open to women graduates, and on the further understanding that the Department of Economics should provide six hours a week of lectures in economics to Barnard Seniors at Barnard College. Later on, by special arrangement with Dean Gill, as ratified by the trustees, it was provided that two of these six hours might be given at Columbia instead of Barnard. It is now proposed to readjust the courses so as to provide ampler opportunities for Barnard students.

In considering the interests of Barnard, three facts should be held in view. First, experience has shown that merely throwing open courses given at Columbia to Barnard students fails adequately to meet their needs. The plan adopted when Professor Clark was called here of having six hours advanced work in economics given at Barnard ought to be reintroduced. Second, the number of students desiring to take advanced work in economics is steadily increasing and for their benefit every opportunity should be seized which will open to them additional courses at Columbia. Third, the most important field of economics study not now covered by the courses offered at Barnard is that of economic and social statistics. Not only does the ordinary student need a knowledge of statistical methods to apply economic theories to the facts of every day life, but Barnard graduates are concerned to an ever increasing extent with different forms of social service. Some become the paid agents of settlement, charitable societies or municipal departments concerned with social work. Others become officers in reform and charitable organizations. For both classes, training in the manipulation and interpretation of statistics would be of great value.

Having regard to these three facts the plan which the Department of Economics recommends is as follows: –

(1) that $2,500 of the $5,000 released by Professor Clark’s withdrawal be used to pay the salary of an assistant professor, who shall give a course on social and economic statistics to Barnard Seniors. While this professor under the terms of the original agreement, is to be primarily a graduate professor, he may, if so desired, be asked temporarily to relieve Professor Mussey of one of the Junior sections in Economics A1–A2 in exchange for a university course by Professor Mussey. It is also proposed that in further recognition of a similar course to be given by the new instructor at Columbia and of supervising work in the statistical laboratory at Columbia, which might be open to Barnard students for research work, the Department of Economics should admit Barnard Seniors to Columbia courses given by Professors Seligman, Giddings, Seager, and Mussey, that is, Sociology 151-152, Economics 101-2, Economics 107-108, Economics 106, and Economics 104.

(2) That Professor Seager be asked to continue his course on the Labor Problem at Barnard and that a contribution of $1,500 towards his salary be paid out of the $5,000 released. Professor Clark’s withdrawal will add to Professor Seager’s burdens at Columbia and his natural inclination would be to meet the situation by discontinuing his course at Barnard. If he continues his course it seems but fair that a contribution toward his salary should be paid out of Barnard funds.

(3) That Professor Simkhovitch be asked to give at Barnard the course on Socialism and Social Reform formerly given by Professor Clark and that the remaining $1,000 of the $5,000 fund be contributed to his salary. Fortunately Professor Simkhovitch is specially qualified to give such a course acceptably, having given a similar course at Columbia for the last two or three years.

By carrying out this plan the Barnard trustees will not only secure a reintroduction of the six hours of advanced instruction in economics for the special benefit of Barnard Seniors, courses even better adapted to the present needs of such Seniors than those previously given, but will also secure admission for Barnard students to eight of the most valuable courses in economics and social science offered at Columbia, without any increase in the appropriation for economic instruction. Inasmuch as at the present time only four hours are given to Barnard Seniors, and only five Columbia courses are open to them, we believe that the plan is fair to all concerned and that it will prove highly advantageous to Barnard College.

 

Source: Columbia University Libraries, Manuscript Collections. Seligman, Edwin Robert Anderson Collection. Box 98a, Folder “Columbia (A-Z) 1911-1913”.

Image Source:  Barnard College student council. Library of Congress Prints and Photographs Division Washington, D.C. 20540.

Categories
Courses Harvard Suggested Reading Syllabus

Harvard. Syllabus for Money, Banking & Commercial Crises. Anderson, 1917-18.

Benjamin McAlester Anderson (1886-1949) was awarded a Ph.D. in economics from Columbia University in 1911. His dissertation, Social Value–A Study in Economic Theory Critical and Constructive was published in the Hart, Schaffer & Marx Prize Essays series. From 1913-18 he held the rank of Assistant Professor of Economics at Harvard University. Today I post his syllabus for the course “Money, Banking and Commercial Crises” from 1917-18 that is wonderfully detailed  both with respect to topics and detailed reading assignments. The final examination questions for the second-term of the two-term course have been transcribed and posted too. I have included Anderson’s c.v. as of the publication of his dissertation in November, 1911 below. I’ll next post the University of California’s brief biography of Anderson published in its “In Memoriam” series.

_______________________

VITA
[Benjamin M. Anderson 1911]

The author was born in Columbia, Missouri, May 1, 1886. He was prepared for college in the high
school in Columbia, and attended the State University of Missouri, receiving the A. B. degree from that institution in 1906. His work in economics at Missouri was chiefly with Professor J. E. Pope. He was made a member of Phi Beta Kappa, Alpha of Missouri, in 1905. He filled a temporary vacancy in the chair of history at the State Normal School in Cape Girardeau, Missouri, during the summer session of 1905. He was Professor of Political Economy at Missouri Valley College, Marshall, Missouri, 1906-7, and from 1907 to 1911 was Head of the Department of History and Political Economy in the State Normal School at Springfield, Missouri, though on leave of absence during the years 1909-10 and 1910-11. He was Fellow in Economics at the University of Illinois during the term 1909-10, working in the seminars of Dean Kinley and Professor E. L. Bogart, and, in philosophy, in the seminar of Professor B. H. Bode. He received the A. M. degree at Illinois in 1910. As Garth Fellow in Political Economy at Columbia University, 1910-11, he studied under Professors Seligman, Seager, H. L. Moore, Giddings and John Dewey, doing seminar work with Professors Seligman, Seager and Giddings. He was appointed in 1911 Instructor in Political Economy at Columbia University. In May, 1909, he was married to Miss Margaret Louise Crenshaw, at St. Louis, Mo.

Source: Benjamin M. Anderson, Social Value–A Study in Economic Theory Critical and Constructive, p. i.

_______________________

Course Enrollment

[Economics] 3. Asst. Professor Anderson, assisted by Mr. Laporte.—Money, Banking, and Commercial Crises.

Total 38: 13 Seniors, 15 Juniors, 4 Sophomores, 6 Other.

 

Source: Harvard University. Reports of the President and the Treasurer of Harvard College, 1917-18, p. 54.

_______________________

 

HARVARD UNIVERSITY
1917-18

SYLLABUS FOR ECONOMICS 3

(Money, Banking, and Commercial Crises)
Assistant Professor Anderson

Required reading is marked with an asterisk

 

Part I. MONEY

  1. FUNDAMENTAL CONCEPTS.
    1. Definitions: money; specie; currency, etc.
    2. Origin of money; origin of gold and silver money; gold as a commodity.
    3. Functions of money; common measure of values; medium of exchange; legal tender; standard of deferred payments; store of value; bearer of options; reserve for credit operations.
    4. Standard and subsidiary money; Gresham’s law and monometallism; the gold standard.
    5. Value of money: preliminary statement.

Reading.

Anderson, Value of Money, pp. 397-427.*
Phillips, Readings in Money and Banking, pp. 1-26.*
Moulton, Money and Banking, Pt. I, pp. 45-62.*
Laughlin, Principles of Money, passim.
Menger, art. “Geld” in Handwörterbuch der Staatswissenschaften.

  1. GOVERNMENT PAPER MONEY.
    1. Colonial and Revolutionary Paper Money.
    2. The French Assignats.
    3. The Greenbacks.
    4. Causes governing the value of inconvertible paper.
      1. Gold premium and index numbers.
    5. Financial results of inconvertible paper.
    6. Social and industrial consequences of inconvertible papers.

Reading.

Moulton, Pt. I, pp. 134-162; 168 (chart); 178-209, 260-66.*
Horace White, Money and Banking, chs. on Revolutionary Bills of Credit, and Greenbacks.*
Phillips, pp. 26-70, 115-120.*
Mitchell, W. C., History of the Greenbacks, and Gold, Wages and Prices under the Greenback Standard.

  1. THE STANDARD QUESTION.
    1. Early history of metallic money.
    2. History of bimetallism.
      1. Mediaeval and early modern times.
      2. England
      3. France
      4. United States.
    3. Theory of bimetallism:
      1. Theory of the ratio:
        1. Gresham’s Law.
        2. The compensatory principle.
      2. The standard of deferred payments: justice between debtor and creditor:
        1. Index numbers: of commodity prices; of wages.
        2. The commodity standard upheld by bimetallists.
        3. The labor standard by monometallists.
      3. Theory of exchanges between gold and silver countries.
    4. The monetary system of the United States.

Reading.

Phillips, Chs. VI and VII.*
Moulton, Pt. I, pp. 66-68, Chs. IV, VI, and VIII.*

    1. The gold exchange standard, and the triumph of the gold standard.
      1. India.
      2. Philippines.
      3. Mexico.
      4. Straits Settlement.
      5. Gold standard in 1914.

Reading.

Phillips, Chs. XII and XIV.*
Kemmerer, Modern Currency Reforms.

  1. THE VALUE OF MONEY.
    1. Economic Value.

Reading.

Anderson, Ch. I.

    1. Must the value of money rest on a commodity basis? Quantity theory doctrine that inconvertible paper may be sustained in value by limitation in supply.
    2. The quantity theory v. Gresham’s Law.

Reading.

Anderson, Chs. VII and XVII.
Fisher, Purchasing Power of Money, pp. 14-32.*

  1. STABILIZING THE GOLD DOLLAR.

Reading.

Moulton, Pt. I, pp. 258-60; 266-71.*
Phillips, Ch. XIII.*

PART II. CREDIT AND BANKING

  1. NATURE OF CREDIT.
    1. Kinds of credit instruments.
    2. Definitions of credit.
    3. Bank-credit—analysis of bank statement.
    4. The mechanism of the modern bank.

Reading.

Moulton, Pt. II, pp. 12-37.*
Anderson, Ch. XXIII.*
Dunbar, Theory and History of Banking, Chs. I-V.*
Fiske, The Modern Bank, pp. 25-260, omitting Chs. XXI, XXVIII, XXX.*
Horace White, ch. on Bank Statement.*

    1. The use of checks in payments in the United States.

Reading.

Phillips, pp. 150-58.*
Kinley, The Use of Credit Instruments in Payments in the United States, National Monetary Commission Report.

    1. The volume of money and credit and the volume of trade,—trade and speculation.

Reading.

Anderson, Ch. XIII.*

  1. BANK-NOTES AND BANK DEPOSITS: “CURRENCY SCHOOL” v. “BANKING SCHOOL.”
    1. Currency School and the quantity theory.
    2. Essential identity of notes and deposits under “assets banking.”
    3. Systems of bank-note issue: Suffolk system; Canada; England; France; Germany; Austria; United States national banking system.

Reading.

Anderson, Ch. XIV.*
Mill, J. S., Principles of Political Economy, Bk. III, Ch. XXIV, pars. 1 and 2.*
Moulton, Pt. II, pp. 225-58.*
Conant, Modern Banks of Issue, passim.

  1. THE ENGLISH BANKING SYSTEM.
    1. History.
    2. Analysis of present system in London: Bank of England; Joint Stock Banks; branches of foreign banks; discount houses; acceptance houses; bill brokers; Stock Exchange; commodity speculation; warehousing system and commission houses; insurance; foreign exchange.

Reading.

Withers and Palgrave, English Banking System, National Monetary Commission Report, pp. 3-110.*
Phillips, pp. 435-442; 464-473.*
Withers, The Meaning of Money.
Bagehot, Lombard Street.
Conant, Modern Banks of Issue.

  1. FOREIGN EXCHANGE.

Reading.

Escher, Foreign Exchange.*
Anderson, Ch. XVI, and Appendix to Ch. XIII.*
Weekly article in Annalist on foreign exchange market.

  1. SPECULATION ON THE STOCK AND PRODUCE EXCHANGES.
    1. Theory of speculation.
    2. The New York Stock Exchange.
      1. Methods of doing business.
      2. Contrasted with London, Paris, and Berlin exchanges.
    3. Investment bankers and underwriters.
    4. Chicago Board of Trade; New York Cotton Exchange.

Reading.

Emery, Speculation on the Stock and Produce Exchanges.
Pratt, Work of Wall Street.
Van Antwerp, The Stock Exchange from Within.
Passages to be assigned.
Weekly articles in Annalist on stock and bond markets.

  1. “COMMERCIAL BANKING” AND SPECULATION; BANK ASSETS AND BANK RESERVES.

Reading.

Fisher, Purchasing Power of Money, pp. 47-54.*
Anderson, Ch. XXIV, and pp. 363-81, and 177-85.
Moulton, Pt. II, pp. 66-89.*

  1. CLEARING HOUSES.
    1. Methods.
    2. Extraordinary functions.
    3. The interpretation of “clearings.”

Reading.

Phillips, Ch. XIX.

  1. THE “MONEY MARKET.”
    1. “Money” v. money.
    2. “Money rates” v. interest rates.
    3. Analysis of causes governing money rates:
      1. General causes.
      2. Causes affecting special types of “paper.”

Reading.

Scott, W. A., Money and Banking, ch. on “Money Market.”* (1910 or later editions.)
Anderson, pp. 375-79; 425-32; 453-58;495-97; 516-27; 529-44.*
Moulton, Pt. II, pp. 120-136.*
Weekly article on “Money” in the Annalist.

  1. BANKING IN GERMANY.

Reading.

Phillips, Ch. XXV.*

  1. BANKING IN CANADA.

Reading.

Phillips, Ch. XXI.*

  1. BANKING IN FRANCE.

Reading.

Phillips, Ch. XXIV.*

  1. BANKING IN THE UNITED STATES.
    1. Before the Civil War.
      1. The two National Banks.
      2. State and private banks.
    2. Origin of the national banking system.
    3. State banks and trust companies; private banks; savings banks, etc.
    4. Comparative growth and present status of different classes of institutions. Geographical distribution.

Reading.

Horace White, Chs. on First and Second National banks, The Bank War, The Suffolk Bank System, The Safety Fund System, The Free Bank System, The National Bank System.*
Phillips, Chs. XV and XX.*
Barnett, State Banks and Trust Companies.

 

PART III. CRISES AND PANICS

  1. THEORY OF CRISES.
  2. FINANCIAL PANICS.

Reading.

Phillips, pp. 644-71.*

  1. HISTORY OF CRISES UNDER THE NATIONAL BANKING ACT.

Reading.

Sprague, History of Crises under the National Banking System, National Monetary Commission Report, pp. 153-320.*

  1. THE ENGLISH BANKING SYSTEM DURING THE FIRST YEAR OF THE WAR. OTHER EUROPEAN COUNTRIES.
  2. NEW YORK AND THE CRISIS OF 1914.

Reading.

Phillips, Ch. XXXII.*

  1. REMEDIES FOR CRISES AND PANICS. BUSINESS BAROMETERS.

 

PART IV. THE FEDERAL RESERVE SYSTEM

Reading.

Moulton, Pt. II, pp. 259-337.*

 

PART V. MISCELLANEOUS

  1. AGRICULTURAL CREDIT.

Reading.

Phillips, Ch. XXVII.*

  1. THE “MONEY TRUST.”

Reading.

Phillips, Ch. XXVIII.*
Anderson, pp. 516-20.*
Moulton, Pt. II, pp. 471-95.

 

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003, Box 1, Folder “Economics 1917-1918”.

Image Source: Benjamin M. Anderson in Harvard Album, 1915.

Categories
Columbia Curriculum Germany

Columbia. Political Economy Courses Compared to Courses at the University of Berlin, 1897

___________________

 

An excerpt from a newspaper report comparing political economy as taught in New York at Columbia University with political economy as taught in Berlin was published in the Columbia University Bulletin in 1897.  The unnamed author of the report concluded that “the primacy which Germany enjoyed a few years ago has passed away”. Compare this to a report (1884) overflowing with praise for the research “seminary” of  German universities.

___________________

In the Evening Post of October 25, 1897, will be found an interesting discussion of the value of German university degrees in comparison with similar honors in American universities. The writer, who is apparently a student in the University of Berlin, holds that the requirements for the degree of Ph. D. are higher in several American institutions than in the average German university. His points are, first, that it takes a shorter time to obtain the degree in Germany than from any of the reputable American universities; and second, that the average size and value of the dissertations of Harvard and Columbia doctors of philosophy are certainly greater than those of the German universities, with the exception, probably, of Berlin. Indeed, he concludes, “the progress of American universities has been so rapid in recent years, and the entrance requirements have been so largely increased, that the bachelor’s degree is actually approaching the German doctorate in essential worth.” A few selections from the body of the article, comparing the instruction in political science at Columbia with that given at Berlin, are of special interest.

“Further light on the question will be thrown by a comparison of the courses of lectures in American and German universities. Confining attention to the various studies in the domain of political economy and social science, we may select Berlin as the strongest representative of German Institutions.* * * * Of the American schools of political science, it is not easy to select the strongest. Columbia is usually regarded as the best equipped, although several others are but little inferior. Let us compare, then, the courses offered at Columbia and Berlin in political economy.

“At Berlin, Professor Wagner gives three courses, aggregating ten hours, that cover the field of general and theoretical economics, and practical economics, including money and banking, etc. At Columbia, almost precisely the same field is covered by Professor Mayo-Smith’s “Historical and Practical Economy,” running through three semesters and aggregating nine hours. Almost the only difference is that Professor Wagner devotes more time to agricultural economics, a subject that has as yet received little attention in American schools of political economy. In finance Professor Wagner offers a four-hour course for one semester. Professor Seligman at Columbia covers the same ground, with more discrimination, in a two-hour course running two semesters. He also offers in alternate years a two-hour course on the financial history of the United States.

“In economic or industrial history Columbia stands the comparison very well. It has an introductory course on the economic history of Europe and America conducted by Professor Seligman and Mr. Day, and an advanced course on the industrial and tariff history of the United States by Professor Seligman. The two courses aggregate the same number of hours as Professor Schmoller’s “practical political economy,” which is nothing but industrial history, and history of Prussia at that—a course valuable to the specialist, but not of great value to the average American student. Professor Meitzen also gives a course on the history of agriculture, but it concerns the early land systems of Europe and other subjects that can have no application to American conditions. The essential forms of land tenure are described at Columbia in Professor Mayo-Smith’s historical political economy.

“In the field of statistics, the subject of demography or population statistics is treated at Berlin by Professor Boeckh in a two-hour course, and at Columbia by Professor Mayo-Smith in a similar course. Economic statistics are treated by Professors Meitzen and Mayo-Smith in much the same manner, while the history, theory, and technique of statistics receives attention in both institutions.

“At Berlin, Professor Wagner reads a critique of socialism and Dr. Oldenburg gives its history. The two courses aggregate the same number of hours as Professor Clark’s course on socialism at Columbia. Professor Clark’s criticism of “scientific socialism” is at least equal to that of any German professor, and it proceeds from the Anglo-Saxon point of view. In a second semester Professor Clark deals with projects of social reform, especially those of American origin. Somewhat similar is Dr. Oldenburg’s course on Socialpolitik at Berlin, and Dr. Jastrow reads in addition a course on labor legislation.

“In social science Columbia is clearly in advance of Berlin. Sociology is scarcely recognized at the German universities, but at Berlin Dr. Simmel, privat-docent, offers a two-hour course on sociology and political psychology. This is the nearest approach to a study of the growth and structure of society that one finds at Berlin. Columbia, on the other hand, offers a course on the evolution of society and social institutions, with a review of the principal theoretical writers, and another course on sociological laws. These are both given by Professor Giddings, who also reads courses on crime and pauperism. No such practical study of these problems is made in Berlin.

“Several minor courses are offered at each university—as, for example, railway problems—and all of the professors conduct seminars for the purpose of encouraging and supervising original investigations. The only subject in which Berlin offers superior advantages is agricultural economics, while Columbia is doing much more work in both theoretical and practical social science. Two courses remain to be mentioned. One of these is a course by Dr. Jastrow at Berlin on the literature and methodology of all the political sciences, an introductory course of considerable value to freshmen, which has no parallel in any other German or American university known to the writer. But Columbia offers a course that can scarcely be duplicated in Germany, namely, the abstract theory of political economy given by Professor Clark, one of the acutest and most original thinkers of our day. It is a course that is taken by not more than a dozen or fifteen men, but they are advanced students who can appreciate such a course. Professor Clark’s power of inspiring young men to do theoretical work of high quality is evidenced by the writings of such men as the late Dr. Merriam, of Cornell, and Professor Carver, of Oberlin College. But in Germany pure theory has been neglected since the time of Hermann. Only now, as the result of an impulse proceeding from Austria, is theory regaining its place in German economic circles. Professor Dietzel and some of the other younger scholars are doing good work in this line, which is hardly comparable, however, with that of Professors Clark, Patten, etc., in the United States, and Marshall in England. German economists are making valuable contributions to economics in other ways, but the primacy which Germany enjoyed a few years ago has passed away.”

 

Source: Columbia University Bulletin, Vol. XVIII (December, 1897), pp. 67-69.

Image Source: The University of Berlin between ca. 1890 and ca. 1900. Library of Congress Prints and Photographs Division Washington, D.C. Digital ID: ppmsca 00342.

 

Categories
Columbia Curriculum Economists Fields

Columbia. Paul Douglas petitions to allow sociology courses for his second minor. 1916

The minutes of this meeting of the Columbia Faculty of Political Science’s Committee on Instruction caught my eye because of Paul Douglas‘ petition to substitute  a pair of sociology courses offered by Professor Franklin Giddings for a couple of intellectual history courses that would satisfy the distribution requirements for the second minor.

It appears that Douglas thus managed to have his major and both minors all in Group III (i.e., political economy and finance; sociology and statistics; social economy).

 

_____________________________________

Minutes of Committee on Instruction, February 21, 1916

A meeting of the Committee on Instruction of the Faculty of Political Science was held in Professor Seligman’s office on Monday, February 21, 1916.

Present: Professors Seligman, Giddings, Dunning, Shotwell and Dean Woodbridge.

The Chairman presented the following petitions, which were approved and referred by the Committee to the Dean for further action:

Petition from Miss Dorothy Stimson to divide her second minor for the doctor’s degree between Public Law and Politics.

Petition from Mr. Paul H. Douglas to offer Sociology 257 and 258, under the heading History of Thought and Culture, as a second minor for the Ph.D.

A statement from Mrs. H. L. Hollingworth, submitting the courses which she is offering for the Ph. D. Degree in Sociology, as follows:

Sociology 251-252 (2 full courses) Taken in 1912-13.
Psychology 263 (1 full course)        Taken in 1912-13.
(Social Psychology)
Educational Sociology 107-8 (2 half courses) Taken in 1912-13.
Sociology 257 (1 full course)           Taken in 1913-14
Sociology E1 43-4 (24 courses)       Taken in 1915-16
One more full course in Sociology to be taken next semester.

The statement was accepted as satisfactory.

A petition of Mr. Ahmed Shukri to substitute Arabic in place of Latin was granted.

The Chairman read the letter from the Secretary of the Faculty concerning the routine to be followed in the reporting of changes of courses vt [sic] students. After consider[ation] of the matter, it was decided that only those cases which involve changes of subjects, with their regular combinations, should be reported to the Faculty, and that they should be reported by the Dean, not by the Committee, the Committee in every case referring the petition to the Dean.

The Committee then took up the changes in courses for the following year as attached:

[…]

            The change in Economics is as follows:

PROFESSOR MITCHELL

Course on “Types” changed from one-term to two-term course.
Course on “Crises” withdrawn

[…]

Source: Columbia University Archives. Department of Economics Collection. Box 1, Folder “Committee on Instruction”.

 

_____________________________________

 

Catalogue Listings of Sociology Courses Petitioned by Paul Douglas

Sociology 257—The Evolution of Progressive Society. Professor Giddings.

Full or half course. F. at 2.10 and 3.10 515 K.

Factors of social evolution in Western Europe. Elements of progressive society; English civilization as example of evolution of progressive society; its ethnic elements; economic factors; folk thought, folk ways and mores; early family and tribal organization; development of a people with distinctive habits and characteristics.

(Identical with History 257.)
Given in 1915-16 and in alternate years thereafter.

 

Sociology 258—The Evolution of Progressive Society. Professor Giddings.

Full or half course. F. at 2.10 and 3.10 515 K.

Achievement of civil liberty in combination with social order; rise of industrial democracy; problems of social justice; individualism; collective responsibility for human progress.

(Identical with History 258.)
Given in 1915-16 and in alternate years thereafter.

Source:   Columbia University. Bulletin of Information (July 3, 1915). History, Economics, and Public Law: Courses offered by the Faculty of Political Science, 1915-16, p. 36.

 

_____________________________________

 

From the 1915-16 Regulations for the Degree of Doctor of Philosophy

Doctor of Philosophy. — Each student who declares himself a candidate for the degree of Doctor of Philosophy shall designate one principal or major subject and two subordinate or minor subjects. Candidates are expected to devote about one-half of their time throughout their course of study to the major subject, and about one-quarter to each minor subject. Except by vote of the Executive Committee of the University Council, upon the recommendation of the Dean and the head of the department concerned, no candidate may choose his major and both minor subjects under one department. Major and minor subjects may not be changed except by permission of the Dean, on the approval of the head of the departments concerned. Both the professor in charge of the major subject and the Dean must pass upon the student’s qualifications for the course of study he desires to pursue, and approve his choice of subjects before registration can be effected. The subjects from which the candidate’s selection must be made are:

Under the Faculty of Political Science

Group I. — History and political philosophy: (1) Ancient and oriental history; (2) medieval history and church history; (3) modern European history from the opening of the 16th century; (4) American history; (5) history of thought and culture.

Group II. — Politics, public law and comparative jurisprudence: (1) Politics; (2) Constitutional Law and Administrative Law; (3) International Law; (4) Roman Law and Comparative Jurisprudence.

Group III. — Economics and social science: (1) Political economy and finance; (2) sociology and statistics; (3) social economy.

            A candidate for the degree of Doctor of Philosophy whose major subject lies within the jurisdiction of this Faculty must select one minor subject outside of the group which includes his major subject, and one minor subject within the group which includes his major subject. He must take, in his major subject, courses occupying at least four hours weekly during each required year of residence (provided that this number of hours be offered in the subject), and must also attend a Seminar during the period of residence. In each minor subject he must take courses occupying at least two hours weekly during each required year of residence.

Source: Columbia University, Catalogue, 1915-16, pp. 214-5.

Image Source: Paul H. Douglas’ college yearbook entry. The Bowdoin Bugle (1913).

Categories
Columbia Economists

Columbia. Franklin H. Giddings, short biographical sketch. 1899

Academic economics and sociology were much more like siblings than kissing-cousins at the turn of the twentieth century. Long a vice-president of the American Economic Association, Franklin H. Giddings  went on to become a president of the American Sociological Association. 

Frank H. Hankins wrote the entry on Franklin H. Giddings for the International Encyclopedia of the Social Sciences (1968).

___________________

GIDDINGS, Franklin Henry, 1855-

Born in Sherman, Conn., 1855; prepared for College at the High School at Great Barrington, Mass.; two years at Union College, 1873-75; left College to take charge of the Goshen ( Conn.) Academy; entered newspaper life in 1876, and continued as editor and editorial writer on various journals until 1888; A.B. (Union College) with reference back to the Class of 1877, 1888; A.M. 1889; Ph D., 1897; Lecturer on Political Science at Bryn Mawr, 1888; Associate, 1890; Associate Professor, 1891; Professor, 1892; Lecturer on Sociology at Columbia, 1890-93; Professor of Sociology, 1894-

FRANKLIN HENRY GIDDINGS, Ph.D., Professor of Sociology at Columbia, was born in Sherman, Connecticut, March 25, 1855. He is a son of the Rev. Edward Jonathan Giddings, a well-known Congregational clergyman of Massachusetts, the author of American Christian Rulers. The family goes back in this country to George Giddings, who came from St. Albans, England, in 1635, and settled in Ipswich, Massachusetts. The Rev. Edward J. Giddings married Rebecca Jane Fuller, a descendant of Edward Fuller, one of the Mayflower pioneers. Franklin Henry Giddings received his early training and education under the strict guidance of his mother and father, and was also instructed in surveying and drafting by his grandfather, a prominent citizen of Great Barrington, Massachusetts. After a preparatory course at the High School at Great Barrington, he entered Union College in 1873. He left College in 1875 to take charge of the Academy at Goshen, Connecticut, but continued his studies in private, covering much more ground than was required for graduation. In 1888 he received from Union College the degree of Bachelor of Arts, with reference back to the Class of 1877 in full standing. While at College he took in addition to the required studies a portion of the engineering course. In 1876 he entered newspaper life as Associate Editor of the Winsted (Connecticut) Herald. During 1878 he was an editorial writer on the Republican of Springfield, Massachusetts, and his work there, coupled with excess of private study, resulted in a year’s enforced rest from active labor, which was spent in studying political economy and law. He resumed newspaper work in 1879 on the Staff of the Berkshire Courier, and remained there for two years, when he became Editor of the New Milford, Connecticut, Gazette. During 1882 he served on the Town School Committee of Great Barrington. In 1884 he returned to Springfield as editorial writer and literary critic of the Union. He was a strong supporter of Mr. Cleveland’s candidacy during the campaign of 1884, and at the risk of losing position and salary positively refused to write editorials favoring the candidacy of James G. Blaine. In 1885 he conducted an investigation and reported to the Massachusetts Bureau of Statistics of Labor on profit-sharing, and in the following year left the Union to become the Editor of Work and Wages at Springfield. During his years of newspaper work his leisure time had been occupied in study. His first appointment as Instructor came in 1888, when Bryn Mawr College appointed him Lecturer on Political Science. In 1889 he was made Associate, in the following year Associate Professor, and in 1892 Professor. Since 1890 he had also been Lecturer on Sociology in the Faculty of Political Science at Columbia, and in 1894 he left Bryn Mawr on a call from Columbia to its Chair of Sociology. He published between 1885 and 1895 many articles and monographs on economic and sociological theory. In 1896 appeared his first book, The Principles of Sociology [1896 edition; reprint with corrections from 1913], which met with instant success, and has been translated into French, Spanish and Russian. This was followed in 1897 by The Theory of Socialization, which also met with immediate recognition and has been translated into Italian; and in 1898 by The Elements of Sociology [reprint published in 1918], Professor Giddings married, November 8, 1876, Elizabeth Patience Hawes of Great Barrington. They have three children. He is a member of the American Academy of Political and Social Science, of which he has been Vice-President since 1890, the Authors, Barnard and Century Clubs, the Academy of Natural Sciences of Philadelphia, the American Economic Association, of which he was first Vice-President in 1896-1897, and L’Institut International de Sociologie of Paris. He is a sound-money Democrat in politics.

 

Source: 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, pp. 453-5.

________________________

Giddings Bibliography by Robert Bannister

12/29/00

Bannister, Robert C. Sociology and Scientism (Chapel Hill: University of North Carolina Press, 1987), chs.4. 5

Camic, Charles, “The statistical turn in American social science: Columbia University, 1890 to 1915,” American Sociological Review 59 (Oct. ’94): 773-805

Davids, Leo. “Franklin H. Giddings: Forgotten Pioneer.” Journal of the History of the Behavioral Sciences 4 (1968): 62-73.

Gillin, John L. “Giddings,” American Masters of Social Science, ed. Howard Odum, pp. 191-230. New York, 1927

Hankins, Frank. “Franklin H. Giddings.” AJS 37 (1931): 349-67.

Lichtenberger, James P. “Franklin H. Giddings.” Sociology and Social Research 16 (1932): 316-21.

Northcott, Clarence H. “Giddings,” An Introduction to the History of Sociology, ed. Harry E. Barnes. Chicago, 1948.

Northcott, Clarence H. “Sociological Theories of Franklin H. Giddings.” AJS 24 (1918): 1-23.

Tenney, Alvin. “Franklin H. Giddings.” Columbia University Quarterly 23 (1931): 319-21.

Source:  Written by Robert Bannister, Swarthmore College (emeritus).

Categories
Columbia Economists

Columbia. Richmond Mayo-Smith. Life and Death, 1854-1901

Material from Richmond Mayo-Smith’s course at Columbia, Historical and Practical Political Economy (1891-92),  was posted earlier. Below some biographical information from his entry to a four volume collection of portraits and biographical sketches of distinguished university graduates published between 1898-1900 which is followed by the report of his death and funeral ceremony in the Columbia University newspaper, The Columbia Spectator.

The circumstances certainly point to suicide. According to the Encyclopedia of World Biography (2004), “Following a crippling boating accident, Mayo-Smith sustained a nervous breakdown and committed suicide a few months later in New York City.”

Here a link to his colleague E.R. Seligman’s 1919 tribute to Mayo-Smith published in Vol XVII of Memoirs of the National Academy of Sciences (1924).

A few pages in the paper by David John Gow [“Quantification and Statistics in the Early Years of American Political Science, 1880-1922”, Political Methodology, Vol. 11, No. 1/2 (1985), pp. 1-18] help to put Richmond Mayo-Smith within a larger context.

Incidentally Mayo-Smith’s wife, Mabel Ford, was the daughter of Gordon Lester Ford, editor of The New York Tribune, and the great granddaughter of Noah Webster according to her New York Times obituary of 4 February, 1938.

The pioneer of applied demand analysis, Henry L. Moore, was hired in 1902 to fill Mayo-Smith’s position. “Genealogically” speaking, we could think of this year’s economics Nobel laureate, Angus Deaton, as a direct descendent in the line: Mayo-Smith to Henry L. Moore to Henry Schultz to Milton Friedman (to name only one of the numerous legitimate heirs of Henry Schultz) down to Deaton, so Richmond Mayo-Smith was Angus Deaton’s great-great grandfather as far as applied consumption DNA can tell.

_____________________________

MAYO-SMITH, Richmond, 1854-

Born in Troy, O., 1854; received his early education in the public schools and High School of Dayton; A.B., Amherst, 1875; studied in Berlin, 1875-77; and at Heidelberg during the summer term of 1878; Assistant in Political Science at Columbia, 1877-78; Adjunct Professor History and Political Science, 1878-83; Professor of Political Economy and Social Science since 1883.

RICHMOND MAYO-SMITH, M.A., Professor of Political Economy and Social Science at Columbia, was born in Troy, Ohio, February 9, 1854. Through his father Preserved Smith, he is descended from the Rev. Henry Smith, who came to this country during 1638 and took up ministerial work at Wethersfield, Connecticut. His mother was Lucy Mayo. He received his early education in the public schools of Dayton, Ohio and at the Dayton High School, entering Amherst College in 1871 and graduating in 1875. He studied abroad at the University of Berlin during the two years following, and also at Heidelberg during the summer term of 1878. He was appointed Assistant in Political Science at Columbia in 1877, and was promoted to Adjunct Professor History and Political Science in the following year. In 1883 he was elected to his present position in the Chair of Political Economy and Social Science. Professor Mayo-Smith married, June 4, 1884, Mabel Ford. They have four children: Lucy, Amabel, Richmond and Worthington Mayo-Smith. He is a member of the Century, University and Authors’ Clubs, and is not actively interested in politics.

Source: 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.  Boston: R. Herdon Company.  Vol. 2, 1899, pp. 582-3.

_____________________________

 

PROF. MAYO-SMITH

Death by Fall from Fourth Story Window of His Home
Funeral Yesterday Morning
An Appreciation by Professor Giddings.

The sad story of the sudden death of Richmond Mayo-Smith, Ph. D., Professor of Political Economy and Social Science is by this time well known. For several months he had been ill with nervous prostration and was taking his seventh year of rest from university work. At six o’clock Monday evening his wife and daughter left him resting in his study on the fourth story of his home at 305 West Seventy-seventh street. Fifteen minutes later he was found dead on the flagging in the rear of the house. It is supposed that in opening the window to air the room, which was very warm, he slipped on the hard wood floor and fell out.

Richmond Mayo-Smith had been a professor of political economy at Columbia since 1883. He was born in Ohio, and was graduated from Amherst College in 1875. After leaving Amherst College he studied for two years in Berlin University. While abroad he also was a tutor in Heidelberg University. His connection with Columbia began in 1877, when he was called to the University as a teacher of history. The year following he was made an adjunct professor, and in 1883, as stated, he was made a Professor of Political Economy and Social Science. He was an honorary fellow of the Royal Statistical Society of Great Britain and a member of the National Academy of Sciences. He was a writer on economic subjects and the author of “Emigration and Immigration,” “Sociology and Statistics,” “Statistics and Economics.” These works were published in 1890, 1895, and 1899.

Professor Mayo-Smith was a member of the Century, University, Authors’, and Barnard Clubs, and of the Amherst College Association. He was a vestryman i’ Christ Episcopal Church, Seventy-first street and Broadway, of which the Rev. Dr. Jacob S. Shipman is pastor.

 

On Tuesday Acting-President Butler issued the following order :

President’s Room, Nov. 12, 1901.

As a mark of respect to the memory of Professor Richmond Mayo-Smith, for twenty-four years an officer of Columbia University, and in token of the affectionate regard in which he was held by his colleagues and by the student-body, the exercises of the School of Political Science will be suspended until Friday morning, Nov15.

On Thursday, Nov. 14, the day appointed for the funeral of Professor Mayo-Smith, the exercises of Columbia College and of the Schools of Law and Philosophy, will be suspended entirely; the exercises of the Schools of Applied Science and Pure Science will be suspended until 1:30 o’clock P. M.

The Trustees of Columbia College, members of the University Council, and all officers and students of the University, are invited to attend the funeral services of Professor Mayo-Smith in a body, on Thursday morning, Nov. 14, at 10 o’clock A. M., in Christ Church, Broadway and 71st St. Officers and students of the University will assemble in the basement of the Church, entrance on 71st St., at 9:45 A. M. Professor James Chidester Egbert. Jr., is designated to act as Marshal.

Nicholas Murray Butler,

Acting President.

 

The funeral services were held yesterday morning in Christ Church and were conducted by Chaplain Van De Water and Dr. Shipman. President Low and Acting-President Butler followed the coffin, and members of the faculty and student-body, about 200 in number, followed in procession.

 

Professor Franklin H. Giddings has written the following tribute:

The death of Professor Richmond Mayo-Smith has made a gap in Columbia’s Faculty which no mere closing-up of the ranks can ever fill or conceal. Some losses are irretrievable. The place that a great man has held may be taken by another. In a nominal sense his work may be done by another; but it is never the same work. Professor Mayo-Smith was a man in whom rare gifts were in a very rare way combined. No one came under his personal influence, or into the circle of his friends, who did not recognize the accuracy of his knowledge, and the remarkable poise of his judgment; who did not soon feel the singular beauty and kindliness of his nature.

At Columbia Professor Mayo-Smith had taught history, political economy and statistics, and he had long served in the University Council. As a teacher he presented every subject with the utmost clearness. He insisted upon accuracy and thoughtfulness in all required work; but his judgment of students was marked by great considerateness and fair-mindedness. Students taking advanced work under his direction were admitted to his friendship and confidence, and he never ceased to take a deep personal interest in their success.

As a scientific investigator Professor Mayo-Smith made important contributions to both political economy and social science. His most distinguished work was in the domain of statistics, and there he stood easily first among Americans, and was recognized by Europeans as ranking with the three or four greatest names on the Continent and in England. The characteristics of his scientific work, as of his teaching, were scrupulous accuracy, perfect clearness of presentation, and that balanced judgment which is the highest mark of the scientific mind. He never attempted to make figures prove anything. With endless patience he sought to read in them their own sincere story, to discover so much of truth as he might; content always to admit that neither he nor any one else knew half the things that scientific investigators are commonly supposed to have discovered.

To all these interests of the teacher and the scholar Professor Mayo-Smith added the activities of the citizen, which he discharged in a way that was an inspiring revelation to all who knew him of his deep sense of duty. For many years a most valued member of the Central Council of the Charity Organization Society, he was also chairman of the Eighth District Committee, and he made it his business to know the exact facts about every case that came before the committee for consideration or relief. I have personally known of instance after instance in which his feeling of obligation to the suffering was discharged only by an expenditure of time and energy in visitation which I felt sure he could ill afford to give. In social life he was one of the most charming of men, whose delightful humor made him always in demand as the toastmaster or chief speaker whenever, in meetings of the many learned societies to which he belonged, relaxation and good-fellowship succeeded the more serious business of the occasion. As a friend he was unselfish to a degree, thinking always first of others, always last of himself. My own obligation to him is one which no words of tribute can ever repay.

Source:  Columbia Spectator, Vol. XLV., No. 1 (Friday, November 15, 1901), p. 1.

 

Categories
Columbia Courses Curriculum

Columbia. Report of the Dean of the School of Political Science, 1901

I reproduce here the report of the Dean of the School of Political Science at Columbia University for the academic year 1900-01 in its entirety so we have a fairly complete accounting of the graduate education activities of the entire administrative unit within which the Columbia economics department was embedded at the start of the twentieth century. The document provides enormous detail from course registration totals through seminar participants by name and presentations through the work of those on fellowships and finally to the job placements of its graduates. The structure of the report can be seen below from the links to its individual sections:

Course Registration Data
Seminar in European History
Seminar in American Colonial History
Seminar in American History
Seminar in Modern European History
Seminar in Political Philosophy
Seminar in Constitutional Law
Seminar in Diplomacy and International Law
Seminar in Political Economy
Seminar in Political Economy and Finance
Seminar in Economic Theory
Statistical Laboratory and Seminar
Seminar in Sociology
Work of Fellows
Publications under the Supervision of the Faculty
Educational Appointments
Governmental Appointments
Other Appointments

_______________________________________

[p. 114]

 

SCHOOL OF POLITICAL SCIENCE

REPORT OF THE DEAN
FOR THE ACADEMIC YEAR ENDING JUNE 30, 1901

To the President of Columbia University in the City of New York:

SIR:

I have the honor to submit the following report of the work of the Faculty of Political Science for the scholastic year 1900-1901. During the year 268 students have taken courses of instruction under the Faculty of Political Science, of whom 18 were women. Of these 68 students were also registered in the Law School, and 13 in the Schools of Philosophy, Pure Science, and Applied Science.

In the Report of the Registrar will be found tabular statements of the courses of study offered in the School, together with the attendance upon each, as follows:

Group I—History and Political Philosophy [page 270,  page 271]

A. European History. pages 270-271
B. American History, pages 270-271
C. Political Philosophy, pages 270-271

1900_01_HistPolPhilRegistrations1

1900_01_HistPolPhilRegistrations2

Group II—Public Law and Comparative Jurisprudence [page 291]

A. Constitutional Law, page 291
B. International Law, page 291
C. Administrative Law, page 291
D. Roman Law and Comparative Jurisprudence, page 291

1900_01_PublicLawRegistrations

Group III—Economics and Social Science [page 264]

A. Political Economy and Finance, page 264
B. Sociology and Statistics, page 264

1900_01_EconomicsRegistrations

[p. 115]

WORK IN THE SEMINARS

Seminar in European History

Professor Robinson. 2 hours fortnightly. 6 members.

The topic treated was the Development of the Papal Primacy to Gregory VII. Each student gave two or more reports on the various phases of the subject, dealing chiefly with the sources.

 

Seminar in American Colonial History

Professor Osgood. 2 hours a week. 27 members.

This course has been conducted as a lecture course and seminar combined. A paper was presented by each of the students and was discussed in the seminar. Among the subjects treated in these papers were:

Royal Charters and Governors’ Commissions;
Royal Instructions to Governors;
Salaries of Governors;
Agrarian Riots in New Jersey from 1745 to 1790;
Pirates and Piracy;
Paper Money in the Colonies;
Career of Robert Livingston;
Relations between the Executive in New York and the English Government;
Policy of the British Government toward the Charter Colonies subsequent to 1690.

A number of papers, also, were presented on subjects connected with Colonial defence.

 

Seminar in American History

Professor Osgood. 1 hour a week. 6 members.

In connection with the work of this Seminar the following Master’s theses have been prepared, read, and discussed:

System of Defence in Early Colonial Massachusetts, Sidney D. Brummer.
The Administration of George Clark in New York, 1736 to 1743, Walter H. Nichols.
The Relation of the Iroquois to the Struggle between the French and English in North America, Walter D. Gerken.

[p. 116]

Relations between France and England in North America from 1690 to 1713, Samuel E. Moffett.
France and England in America from 1713 to 1748, Henry R. Spencer.
Conflict between the French and English in North America, Walter L. Fleming.

 

Seminar in Modern European History

Professor Sloane. 6 members.

The following are the subjects which were discussed and upon which papers have been presented:

The Treaty of Basel, Guy S. Ford.
Hanover in the Revolutionary Epoch, Guy S. Ford.
The 18th Brumaire, Charles W. Spencer.
Beginnings of Administration under the Consulate, Charles W. Spencer.
Origins of the Continental System, Ulrich B. Phillips.
Development of the Continental System, Ulrich B. Phillips.
Napoleon and the Caulaincourt Correspondence, Ellen S. Davison.
Caulaincourt in Russia, Ellen S. Davison.
Custine in Metz, Walter P. Bordwell.
Hardenberg and Haugwitz, Paul Abelson.

 

Seminar in Political Philosophy

Professor Dunning. 1 hour a week. 1 member.

William O. Easton presented an elaborate paper on the Political Theories of Spinoza with Reference to the Theory of Hobbes.

 

Seminar in Constitutional Law

Professor Burgess. 1 hour a week. 27 members.

The work in this Seminar during the present year has been the study of the cases decided by the Supreme Court of the United States involving private rights and immunities under the protection of the Constitution of the United States. Each member of the Seminar has prepared an essay upon the cases relating to a given point under this

[p. 117]

general subject, and has read the same before the Seminar, where it has been subjected to general comment and criticism.

 

Seminar in Diplomacy and International Law

Professor Moore. 2 hours a week. 12 members.

Papers were read as follows:

Decisions of the Courts in the United States on Questions Growing out of the Annexation of Territory, William H. Adams.
The Southwestern Boundary of the United States, James F. Barnett.
The Development of the Laws of War Walter P. Bordwell.
Treaties: Their Making, Construction, and Enforcement, Samuel D. Crandall.
The Diplomacy of the Second Empire, Stephen P. Duggan.
Blockades, Sydney H. Herman.
Diplomatic Officers, William C. B. Kemp.

 

Seminar in Political Economy

Professor Mayo-Smith. 1 hour a week. 9 members.

In addition to reading and discussing Marshall’s Principles of Economics, in which all the members of the Seminar participated, papers were read upon the following subjects:

Trusts in the United States Hajime Hoshi.
Trusts and Prices, Robert B. Olsen.
The Industrial Employment of Women, Charles M. Niezer.

 

Seminar in Political Economy and Finance

Professor Seligman. 2 hours fortnightly. 20 members.

The subject of work in this Seminar during the first term was “The Foundations of Economic Philosophy.” During the second term a variety of subjects was discussed. Each member of the Seminar also made a report at each meeting on current periodical literature in economics, including the literature of the following countries: United States, England, France, Germany, Italy, Spain, and Japan. The papers read were as follows:

[p. 118]

Natural Law and Economics, Robert P. Shepherd.
The Economic Motive, Holland Thompson.
The Law of Competition, Walter E. Clark.
The Theory of Individualism, Enoch M. Banks.
Social Element in the Theory of Value, John W. Dickman.
Theory of Insurance, Allan H. Willett.
Theory of Monopolies, Alvin S. Johnson.
Economic Doctrine of Senior, Albert C. Whitaker.
Bounties and Shipping Subsidies, Royal Meeker.
Legal Decisions on the Labor Question, Ernest A. Cardozo.
Commercial Policy of Japan, Yetaro Kinosita.
Early American Economic Theory, Albert Britt.
The Movement toward Consolidation, Robert B. Oken.

 

Seminar in Economic Theory

Professor Clark. 2 hours fortnightly. 12 members.

Papers were presented on the following subjects:

Labor as a Measure of Value, Albert C. Whitaker.
Value Theories of Say and Ricardo, Robert P. Shepherd.
Rent and Value, Alvin S. Johnson.
Monetary Theories, John W. Dickman.
The Influence of Insurance on Distribution, Allan H. Willett.
Early Socialism, Enoch M. Banks.
Louis Blanc, Royal Meeker.
Fabian Socialism, Albert Britt.
Commercial Crises, Ernest A. Cardozo.
Speculation, Yetaro Kinosita.
Labor Unions in North Carolina, Holland Thompson.
Welfare Institutions, Walter E. Clark.

 

Statistical Laboratory and Seminar

Professor Mayo-Smith. 2 hours fortnightly. 5 members.

The work of the year was devoted to developing the mathematical theory of statistics with practical exercises.

 

Seminar in Sociology

Professor Giddings. 2 hours fortnightly. 12 members.

The following papers were read and discussed.

Types of Mind and Character in Colonial Massachusetts, Edward W. Capen.

[p. 119]

Types of Mind and Character in Colonial Connecticut, William F. Clark.
Types of Mind and Character in Colonial New York, George M. Fowles.
Types of Mind and Character in Colonial Pennsylvania, Andrew L. Horst.
Types of Mind and Character in Colonial Virginia, Robert L. Irving.
Types of Mind and Character in the Early Days of North Carolina,Thomas J. Jones.
Types of Mind and Character in the Early Days of Kentucky, Edwin A. McAlpinJr.
Types of Mind and Character in the Early Days of Indiana, Daniel L. Peacock.
Types of Mind and Character in the Early Days of Wisconsin, Albert G. Mohr.
An Analysis of the Mental Characteristics of the Population of an East-Side New York City Block, Thomas J. Jones.
A Statistical Study of the Response to Lincoln’s First Call for Volunteers, Andrew L. Horst.
The Charities of Five Presbyterian Churches in Harlem, Robert L. Irving.
The Poor Laws of Connecticut, Edward W. Capen.
Parochial Settlement in England, Bertha H. Putnam.
A Critical and Statistical Study of Male and Female Birth Rate,s Daniel L. Peacock.

 

WORK OF FELLOWS

During the year the following persons have held Fellowships in subjects falling under the jurisdiction of this Faculty:

1. William Maitland Abell, Political Science.

Yale University, A.B., 1887; A.M., 1898.,New York University, LL.M., 1894. Columbia University, graduate student, 1898-1901; Fellow in Political Science, 1899-1900.

Mr. Abell, Honorary Fellow, continued his work in the Seminar in Constitutional Law, and made excellent progress in the preparation of his Doctor’s dissertation.

[p. 120]

2. Walter Percy Bordwell, International Law.

University of California, B.L., 1898. Columbia University, graduate student, 1898-1901.

Mr. Bordwell, the holder of the Schiff Fellowship, worked under the direction of Professor Moore upon his Doctor’s dissertation: “The Development of the Laws of War since the Time of Grotius.” He also took part in the Seminars of Professors Moore and Sloane, presenting a paper in each of these Seminars. He passed, in May, his oral examinations for the Doctor’s degree.

3. James Wilford Garner, Political Science.

Mississippi Agricultural and Mechanical College, B.S., 1892. University of Chicago, graduate student, 1896-99; Instructor in Bradley Polytechnic Institute, Peoria, Ill., 1899-1900. Columbia University, graduate student, 1900-01.

Mr. Garner worked under the direction of Professor Dunning in American Political Philosophy. Professor Dunning reports that his “Study of the Tendencies Manifested in the Amendments of State Constitutions from 1830-1860” is a noteworthy contribution to science. He also attended the Seminar in Constitutional Law and worked there upon the cases decided by the Supreme Court in the interpretation of private rights under the Constitution of the United States.

4. Alvin Saunders Johnson, Economics.

University of Nebraska, A.B., 1897; A.M., 1898. Columbia University, graduate student, 1899-1901; Scholar in Political Economy, 1899-1900.

Mr. Johnson read a paper in Professor Seligman’s Seminar on “The Theory of Monopolies.” He worked also in Professor Clark’s Seminar, and, in consultation with Professor Clark, upon the preparation of his Doctor’s dissertation, “The Classical Theory of Rent.” He passed, in May, his oral examinations for the Doctor’s degree.

5. Thomas Jesse Jones, Sociology.

Marietta College, A.B., 1897. Student at Union Theological Seminary, 1897-1900. Columbia University, A.M., 1899; graduate student, 1897-1901.

Mr. Jones worked under the direction of Professor Giddings upon his Doctor’s dissertation, “A Sociological Study of the Population of a New York City Block.” Professor Giddings reports that this dissertation promises to be one of the most minute investigations of modern city life yet undertaken. Mr. Jones also made the annual revision of the list and description of social settlements in New York City which is regularly expected of a Fellow in Sociology. He passed, in May, his oral examinations for the Doctor’s degree.

[p. 121]

6. Ulrich Bonnell Phillips, History.

University of Georgia, A.B., 1897; A.M., 1898. Tutor in History, 1899-1900. Columbia University, graduate student, 1900-01.

Mr. Phillips worked under the direction of Professor Dunning upon a “Study of the Political History of Georgia,” in connection with which he planned to make researches during the summer in the historical collections at Savannah, Atlanta, and other points in the State. Mr. Phillips also presented several papers on various phases of American Political Philosophy in connection with the course on that subject. He also worked in the Seminars of Professors Sloane and Robinson and presented reports in each.

 

7. Jesse Eliphalet Pope, Economics.

University of Minnesota, B.S., 1895; M.S., 1897. Columbia University, graduate student, 1897-1901: Fellow in Economics, 1898-1900.

Mr. Pope, Honorary Fellow, worked in Seminar with Professor Seligman, but took a less active part than he desired, owing to his having obtained a professorship in Economics at New York University. He had, however, passed his oral examinations for the Doctor’s degree in May, 1900, and was busy through the winter in preparing his Doctor’s dissertation.

 

8. Charles Worthen Spencer, American History.

Colby University, A.B., 1890. Chicago University, Fellow in Political Science, 1892-94. Columbia University, graduate student, 1894-95, 1900-01. Colgate University, Professor of History, 1895-1900.

Mr. Spencer worked under the direction of Professor Osgood upon the preparation of his Doctor’s dissertation, the subject of which is “New York as a Royal Province, 1690-1730.” He also read two papers in Professor Sloane’s Seminar, and participated generally in the work of this Seminar. He passed, in May, his oral examinations for the Doctor’s degree.

9. Earl Evelyn Sperry, European History.

Syracuse University, Ph.B., 1898; Ph.M., 1899. Columbia University, Scholar in History, 1899-1900; graduate student, 1899-1901.

Mr. Sperry worked under the direction of Professor Robinson, and besides preparing several reports for the Seminar in European History, completed the first draft of his Doctor’s dissertation upon ” The Celibacy of the Clergy in the Mediaeval Church.” He also passed, in May, the oral examinations for the Doctor’s degree.

[p. 122]

11. Albert Concer Whitaker, Economics.

Stanford University, A.B., 1899. Columbia University, Scholar in Economics, 1899-1900; graduate student, 1890-1901.

Mr. Whitaker worked in Seminar with Professor Seligman and also with Professor Clark. He made considerable progress in the preparation of his Doctor’s dissertation upon “The Entrepreneur,” and passed, in June, his oral examinations for the Doctor’s degree.

 

PUBLICATIONS UNDER THE SUPERVISION OF THE FACULTY

Of the Studies in History, Economics, and Public Law, under the editorial management of Professor Seligman, there have appeared during the year six numbers.

Vol. XIII.

No. 1. The Legal Property Relations of Married Parties. By Professor Isidor Loeb.
No. 2. Political Nativism in New York State. By Louis Dow Scisco.
No. 3. Reconstruction of Georgia. By Edwin C. Woolley.

Vol. XIV.

No. 1. Loyalism in New York during the American Revolution. By Prof. Alexander C. Flick.
No. 2. Economic Theory of Risk and Insurance. By Allan H. Willett.

Vol. XV.

No. 1. Civilization and Crime. By Arthur Cleveland Hall.

The sale of these monographs and volumes has increased considerably during the past few years and some of the early volumes are now out of print. The foreign demand has also developed to such an extent that arrangements have now been made with agents, both in London and Paris, for placing them upon the European market.

The Political Science Quarterly has continued to prosper. With the close of the year 1900 it completed its fifteenth annual volume. In order to make available for students the great mass of scientific matter contained in these fifteen volumes, a general index has been prepared, to be published in a separate volume. This index will appear during the summer.

[p. 123]

Two very successful public meetings of the Academy were held during the winter. The first was addressed by Professor Goodnow, who had served as a member of the Commission to Revise the Charter of New York City. Professor Goodnow presented a careful analysis of the report and recommendations of the Commission. The second meeting was devoted to a discussion of Trusts by Professor J. W. Jenks, who gave the chief results of the investigations made by him on behalf of the Industrial Commission.

The History Club has about thirty members, and, with invited guests, an average attendance of about fifty persons. During the year it has held eight meetings, of which three were conducted solely by the students. At the other meetings papers were read by James Ford Rhodes, Frederic Harrison, Professor Robinson, and Professor George B. Adams.

I reported in 1899 that a number of former students of the School of Political Science had obtained positions either as teachers or in the administrative service of New York State. I have the pleasure now to report that during the past two years a much larger number have obtained first appointments, or have been advanced to better positions, not only as teachers and as state officers, but also in the Federal Civil Service. The lists appended are probably incomplete, but they will serve to show the widening influence of the School. The dates immediately following each name indicate the period of residence in the School.

 

I.—EDUCATIONAL APPOINTMENTS

Carl L. Becker, 1898-99, Univ. Fellow, 1898-99,
Instructor in Political Science and History, Pennsylvania State College.

Ernest L. Bogart, 1897-98,
Associate Professor of Economics and Sociology, Oberlin College, Ohio.

Lester G. Bugbee, 1893-95, Univ. Fellow, 1893-95,
Adjunct Professor of History, University of Texas.

William M. Burke, 1897-99, Univ. Fellow, 1897-99; Ph.D., 1899,
Professor of History and Economics, Albion College, Michigan.

[p. 124]

Charles E. Chadsey, 1893-94, Univ. Fellow, 1893-94; Ph. D., 1897,
Lecturer on History, University of Colorado.

Walter E. Clark, 1899-1901,
Tutor in Political Economy, College of the City of New York.

Walter W. Cook, 1898-1900, A.M., 1899,
Instructor in Constitutional and Administrative Law in the University of Nebraska.

Harry A. Cushing, 1893-95, Univ. Fellow, 1894-95; Ph.D., 1896,
Lecturer on History and Constitutional Law, Columbia University.

Ellen S. Davison, 1899-1901, Cand. Ph.D.,
Lecturer on History, Barnard College.

Alfred L. P. Dennis, 1896-99, Ph.D., 1901,
Assistant in History, 1900-01, Harvard University; Instructor in History, Bowdoin College.

Stephen P. H. Duggan, 1896-1900, A.M., 1899; Cand. Ph.D.,
Instructor in Political Science, College of the City of New York.

Charles F. Emerick, 1896-97, University Fellow, 1896-97; Ph.D., 1897,
Professor of Political Economy, Smith College, Mass.

Henry C. Emery, 1893-94, University Fellow, 1893-94; Ph.D., 1896,
Professor of Political Economy, Yale University.

John A. Fairlie, 1897-98, University Fellow, 1897-98; Ph.D., 1898,
Assistant Professor of Administrative Law, University of Michigan.

Guy S. Ford, 1900-01, Cand. Ph.D.,
Instructor of History, Yale University.

Delmer E. Hawkins, 1899-1900,
Instructor in Political Economy, Syracuse University.

Allen Johnson, 1897-98, University Fellow, 1897-98; Ph.D., 1899,
Professor of History, Iowa College, Grinnell ; also Lecturer on European History in the University of Wisconsin, Summer Session, 1901.

Alvin S. Johnson, 1898-1901, University Fellow, 1900-01; Cand. Ph.D.,
Assistant in Economics, Bryn Mawr College.

Lindley M. Keasby, 1888-90, Ph.D., 1890,
Professor of Economics and Social Science, Bryn Mawr College.

James A. McLean, 1892-94, University Fellow, 1892-94; Ph.D., 1894,
Professor of History and Political Science, University of Idaho.

Milo R. Maltbie, 1895-97, University Fellow, 1895-96; Ph.D., 1897,
Lecturer on Municipal Government, Columbia University.

Charles E. Merriam, Jr., 1896-98, Fellow, 1897-98; Ph.D., 1900,
Docent in Political Science, University of Chicago.

Walter H. Nichols, 1899-1901, Cand. Ph.D.,
Professor of History, University of Colorado.

Comadore E. Prevey, 1898-1900, University Fellow, 1898-1900; A.M., 1899; Cand. Ph.D.,
Lecturer on Sociology, University of Nebraska.

Jesse E. Pope, 1897-1900, University Fellow, 1898-1900; Cand. Ph.D.,
Adjunct Professor of Political Economy, 1900-01, New York University; Professor of Political Economy, University of Missouri.

[p. 125]

Charles L. Raper, 1898-1900, University Fellow, 1899-1900; Cand. Ph.D..
Lecturer on History, Barnard College, 1900-01; Assistant Professor of Economics and History, University of North Carolina.

William A. Rawles, 1898-99, Cand. Ph.D.,
Assistant Professor of Economics and Sociology, University of Indiana.

William A. Schaper, 1896-98, University Fellow, 1897-98; Ph.D., 1901,
Professor of Administration, University of Minnesota.

Louis D. Scisco, 1899-1900, Ph.D., 1901,
Teacher of History, High School, Stillwater, Minnesota.

William R. Shepherd, 1893-95, University Fellow, 1893-95; Ph.D.. 1896,
Tutor in History, Columbia University.

James T. Shotwell, 1898-1900, University Fellow, 1899-1900; Cand. Ph.D.,
Assistant in History, Columbia University.

William R. Smith, 1898-1900, University Fellow, 1898-1900; Cand. Ph.D.,
Instructor in History, University of Colorado.

Edwin P. Tanner, 1897-1900, A.M., 1898; University Fellow, 1899-1900; Cand. Ph.D.,
Teacher of History, High School, Stillwater, Minnesota.

Holland Thompson, 1899-1901, University Fellow, 1899-1900; A.M., 1900,
Tutor in History, College of the City of New York.

Francis Walker, 1892-94, University Fellow, 1892-94; Ph.D., 1895,
Associate Professor of Political Economy, Adelbert College, Western Reserve University.

Ulysses G. Weatherby, 1899-1900,
Professor of Economics and Social Science, University of Indiana.

 

2.—GOVERNMENTAL APPOINTMENTS

Frank G. Bates, 1896-97, Ph.D., 1899,
State Librarian, Providence, R. I.

John F. Crowell, 1894-95, University Fellow, 1894-95; Ph.D.. 1897,
Expert Agent on Agricultural Products, Industrial Commission.

John H. Dynes, 1896-98, A.M., 1897; University Fellow, 1897-98,
Student Clerk, Division of Methods and Results, Twelfth Census.

Charles E. Edgerton, 1898-99,
Special Agent, Industrial Commission.

Frederick S. Hall, 1896-97, Ph.D., 1898,
Clerk, Division of Manufactures, Twelfth Census.

Leonard W. Hatch, 1894-95,
Statistician, Bureau of Labor, Albany, New York.

Isaac A. Hourwich, 1891-92, Ph.D., 1893,
Translator, Bureau of the Mint, Washington, D. C.

Maurice L. Jacobson, 1892-95,
Librarian, Bureau of Statistics, Treasury Department, Washington, D. C.

William Z. Ripley, 1891-93, University Fellow, 1891-93; Ph.D., 1893,
Expert on Transportation, Industrial Commission.

Frederick W. Sanders, 1895-96,
Director, Agricultural Experiment Station, New Mexico.

Nahum I. Stone, 1897-99,
Expert on Speculation and Prices, Industrial Commission, Washington, D. C.

[p. 126]

Adna F. Weber, 1896-97, University Fellow, 1896-97; Ph.D., 1899,
Chief Statistician, Bureau of Labor, Albany. N. Y.

Walter F. Willcox, 1886-88, Ph.D., 1891,
Chief Statistician, Census Office, Washington, D. C.

 

Dr. Max West, 1891-93; University Fellow, 1892-93; Ph.D., 1893, should figure in both of the preceding lists; for he has been appointed Chief Clerk in the Division of Statistics, Department of Agriculture, and has also become Associate Professor of Economics in the Columbian University, Washington, D. C.

The direction of organized charity is a field of labor for which our students in Sociology receive an excellent training; and I am glad to report that Mr. Prevey, whose appointment as lecturer in the University of Nebraska is noted above, has also been made General Secretary of the local Charity Organization Society. I have also to report that Mr. Thomas J. Jones, a student in the School during the past four years and Fellow in Sociology, 1900-01, has been appointed Assistant Head Worker in the University Settlement, New York City.

“To give an adequate economic and legal training to those who intend to make journalism their profession” has always been announced as one of the objects of the School of Political Science; and a considerable number of our graduates have become editors. It is more difficult, however, to keep track of journalists than of teachers and governmental officers, and the only recent appointment in this field of which I have been informed is that of Dr. Roeliff M. Breckenridge, Ph.D., 1894, as financial editor of the New York Journal of Commerce.

 

Respectfully submitted,

John W. Burgess,

Dean.

June 10, 1901.

 

Source: Twelfth Annual Report of President Low to the Trustees. October 7, 1901.

 

 

Categories
AEA Economists

AEA Twenty-fifth Anniversary Celebration, NYC 1909

December 27, 1907 at Carnegie Hall

MAYOR McCLELLAN, OF NEW YORK, ADDRESSING THE CONVENTION OF HISTORIANS AND ECONOMISTS AT CARNEGIE HALL, DECEMBER 27.

Others on the platform, beginning at left, are: William Jay Schieffelin, Isaac N. Seligman, Davis R. Dewey, John B. Clark, Albert Bushnell Hart, William M. Sloane, Ambassador James Bryce, Governor Hughes, Nicholas Murray Butler, Frank A. Vanderlip, Waldo Lincoln and Edwin R. A. Seligman.

____________________________________

The last posting came from the 25th anniversary celebration of the University of Chicago. It just so happens that I came across a clipping from the New York periodical The Independent in the John Bates Clark Papers in the Columbia University Archive that was about the joint 25th anniversary celebration of the American Historical Association and the American Economic Association held in New York City from December 27-31, 1909. Political Science, Sociology and Labor Legislation Associations also participated in the meetings. The report includes several photos of the men who were the movers-and-shakers of their respective associations (though none from the “playlet” and tableaux provided by the “ladies’ reception committee of the Waldor Astoria”).

As I like to provide the visitors of Economics in the Rear-View Mirror both accurate transcriptions and interesting images from yore, I hunted down scanned copies of The Independent at www.archive.org and www.hathitrust.org to extract a rough text file and better images than my amateur photographs of those in John Bates Clark’s clipping to create this posting.

 

____________________________________

A Notable Gathering of Scholars

BY REUBEN G. THWAITES

[Dr. Thwaites is secretary and superintendent of the State Historical Society of Wisconsin. He was for ten years managing editor of the Wisconsin State Journal and is well known as an author and editor of historical works. He attended the recent convention in New York as a delegate from Wisconsin. — EDITOR.]

 

THE twenty-fifth anniversary celebration of the American Historical Association and the American Economic Association, held in New York City from December 27 to 31, brought together the largest and doubtless the most distinguished assemblage of students of the social sciences ever convened in this country. In addition to the meetings of the two principal societies, which thus rounded out the quarter-centenary of their existence, were conferences by seven closely-related organizations—the American Political Science Association, the American Statistical Association, the American Sociological Society, the American Association for Labor Legislation, the American Social Science Association, the Bibliographical Society of America, and the American Society of Church History. Eleven hundred persons, engaged either in teaching or studying these several specialties, were gathered here from nearly every State or important institution of learning in the Union, and meetings, either — singly or jointly, occupied four busy days.

The attendance of several representative scholars from both Europe and Asia, who took part in many of the discussions, some of whom presented formal papers, and whose presence was recognized by numerous receptions and other social functions in their honor, gave to the gathering much of the significance of an international congress. Most prominent among the foreigners was the British Ambassador, Mr. Bryce, whose appearance at any of the meetings was invariably greeted with spontaneous applause, and whose many impromptu responses to calls by chairmen and toastmasters were never happier than on this anniversary occasion, into whose buoyant spirit he appeared keenly to enter.

Among other prominent foreign guests were: G. W. Prothero, of London, editor of the Quarterly Review, and former president of the Royal Historical Society; Prof. Herbert A. L. Fisher, fellow of New College, Oxford; Camille Enlart, director of comparative sculpture, of the Trocadero; Eduard Meyer, professor of ancient history, University of Berlin, exchange professor of Harvard; Dr. Cellenbrander, advisory secretary of the Dutch commission on governmental historical publications; Prof. Rafael Altamira y Crevea, professor-elect in the University of Madrid; Dr. Higgs, representing the Royal Economic Society of Great Britain, and Signor Maffeo Pantaleoni, of Rome, attending the Economic convention.

On occasions such as this presidential addresses are generally didactic, and by many of the older habitués are scrupulously avoided. But President Hart, of the Historical Association; President Lowell, of the Political Science, and President Dewey, of the Economic, always have something worth saying, and did not lack large and interested audiences. Dr. Hart’s discussion of “Imagination in history” was keen in its penetration and aglow with humor; he dwelt on the practical importance of the imaginative faculty on the part of the historian, but pointed out its manifest dangers, arising from a disposition to overemphasize dramatic episodes that really are rare in the history of a nation, whereas the most vital factors in its development are generally slow moving and commonplace. Dr. Lowell discussed “The physiology of politics”; while not deprecating the importance of library collections in the study of political science, the most useful laboratory work is, he said, the observation of the practical workings of political institutions, about which we are still insufficiently informed. Dr. Dewey spoke of “Observation in economics”; his thought being much in line with that of President Lowell, that field observation is of greater value than closet study, altho both are essential.

Ex-Presidents of the American Economic Association (S. N. Patten in the center, then clockwise from upper left are R. T. Ely, J. B. Clark, J. W. Jenks, F. W. Taussig.)
Ex-Presidents of the American Economic Association (S. N. Patten in the center, then clockwise from upper left are R. T. Ely, J. B. Clark, J. W. Jenks, F. W. Taussig.)

 

 

 

 

EARLY PRESIDENTS OF THE AMERICAN HISTORICAL ASSOCIATION Photograph by Brady, Washington, D. C. Beginning at left: William F. Poole, Justin Windsor, Charles Kendall Adams, George Bancroft, John Jay, Andrew D. White, Herbert B. Adams standing in rear.
EARLY PRESIDENTS OF THE AMERICAN HISTORICAL ASSOCIATION
Photograph by Brady, Washington, D. C.
Beginning at left: William F. Poole, Justin Windsor, Charles Kendall Adams, George Bancroft, John Jay, Andrew D. White, Herbert B. Adams standing in rear.
LIVING EX-PRESIDENTS OF THE AMERICAN HISTORICAL ASSOCIATION. (Clockwise from upper-left) James Ford Rhodes, Goldwin Smith, James Schouler, James Burrill Angell.

 

The programs of the nine associations were crowded with what the sporting gentry style “events,” but popular interest appeared chiefly to be with the joint sessions, some of which would have been noteworthy occurrences had they not jostled one another in this remarkable conference week. Wednesday morning’s joint session of the Historical and Economic associations called out a large and brilliant audience, with President Lowell in the chair. The general topic was “British constitutional and political development with special reference to the Gladstone centenary.” Professor Wrong, of Toronto, was hopeful concerning “Canadian nationalism and the imperial tie”; Professor Fisher, of Oxford, gave an exceptionally clear and informing account of the South African union, and Ambassador Bryce spoke forcefully on recent English history in its constitutional aspects.

Another excellent joint session was that held by the political scientists and the, association charging itself with scientific suggestion in the matter of labor legislation. The relation of the State to labor was interestingly and suggestively discussed by delegates from the Mississippi basin, where, perhaps, the best opportunities just now exist for trying out some of the theories of economic and sociological reformers.

The Historical Association, with its three thousand members, has of late years been doing its most effective work thru an admirable and impressive congerie of, commissions and conferences. This year’s meeting was chiefly noticeable for the variety and general success of these conferences, several of which were generally in session at one and the same time. One morning the topics were ancient, medieval, and American history and the treatment of archives. Later in the day the historians were conferring upon modern, European and American history, and relative to the methods and aims of State and local historical, a fertile theme, now engaging much attention in all parts of the country. One of the most interesting of the conferences was devoted to the consideration of “The contribution of the romance nations to the history of America,” in which Spain, France, Portugal and the Latin- American republics were represented either by scholars from those nations or by American specialists in the topics treated. A general session on Southern history brought out an interesting group of papers; while another on the work of historical societies in Europe was noticeable for careful reports from representatives of Great Britain, Germany, France. Holland and Spain, by the delegates from those countries.

The Economic Association has less varied interests, altho it also held a round-table conference on “Rural economics in relation to conservation.” At its first general session economic theory was treated both from the stand of “dynamic economics” and that of “theory of wages.” It was plain from the vigor of the discussion that economic theory, as doubtless it always will be, is in a state of flux, few men agreeing as to any one cure for the existing ills of the body politic. Another general session was held at the Chamber of Commerce, in connection with the financial magnates. Hereat was frankly considered “the causes and remedies for trusts,” in which the several divergent points of view, practical and theoretical, were squarely presented, presumably with mutual enlightenment.

For a young society, the Political Science people were exceptionally busy and vigorous. Ballot reform, the valuation of public service corporations (jointly with the economists), the relation of the State to labor (jointly with the labor legislation association), methods of instruction in municipal government and government of the Far East, were all duly considered, exhibiting a wide range of interest and possible future usefulness.

FRANK J. GOODNOW, Columbia University, first president American Political Science Association.

The sociologists were concerned (jointly with the Statistical Association) in such topics as the next census, the standardizing of units in studying public administration under democratic conditions, and the social marking system; and, individually, in the problems of methods in teaching psychological sociology, and in the religious factor in social revolution.

FRANKLIN H. GIDDINGS, Columbia University, vice-president Sociological Society.
FRANKLIN H. GIDDINGS, Columbia University, vice-president Sociological Society.

The labor legislation folk and the. statisticians chiefly held their sessions in conjunction with other bodies. For the most part the remainder of the participating societies confined themselves to listening to the usual presidential addresses and the transaction of necessary routine business.

HENRY W. FARNAM. Yale University, president of the American Association for Labor Legislation
HENRY W. FARNAM. Yale University, president of the American Association for Labor Legislation

The social side of the great conference was in every way notable. The entertainments offered to the thousand and more delegates ranged from receptions and breakfasts to formal dinners. The two most striking features of the daily and remarkably diverse program of hospitality were the great welcome meeting at Carnegie Hall, on Monday night, and the very attractive “historical playlet” and tableaux given by the ladies‘ reception committee at the Waldorf-Astoria (the headquarters of the several associations) on Wednesday night.

At Carnegie Hall the delegates were given the freedom of the city and State by Mayor McClellan and Governor Hughes. President Butler extended the welcome of Columbia University, and Mr. Joseph H. Choate and Professor Sloane spoke for the Committee of Arrangements. All were excellent addresses, but the Governor in particular rose to the occasion and earnestly commended the work of his hearers, who in their several ways are striving to find the correct principles underlying human society and seeking practically to apply these to the manifold problems of the State

In addition to the formal entertainments provided by the general committee were numerous unofficial attentions paid to various groups of visiting scholars. Among the most welcome of the unannounced gatherings of this character was the dinner given to fifty members of the American Antiquarian Society at the Metropolitan Club—the joyous forerunner, it was hoped, of annual banquets of these gentlemen at successive conferences of the American Historical Association. In all of these hospitalities practically every learned institution in the city, Columbia University properly leading, actively participated.

WALDO GIFFORD LELAND, A. M.,Carnegie Institution of Washington, secretary American Historical Association; THOMAS N. CARVER, Harvard University, secretary and treasurer, American Economic Association.
WALDO GIFFORD LELAND, A. M.,Carnegie Institution of Washington, secretary American Historical Association; THOMAS N. CARVER, Harvard University, secretary and treasurer, American Economic Association.

In every respect, professionally and socially, the great conference has been a marked success. The attendance was record-breaking, and the quality of the personnelle probably quite unexcelled in this country, even by the literary congresses at Chicago and St. Louis. The delegates, domestic and foreign, returned to their homes more than ever imprest [sic] by the hospitality, greatness and potentialities of America’s much favored metropolis.

Madison, Wis.

_______________________________ 

Source:  Reuben G. Thwaites “A Notable Gathering of Scholars,” The Independent, Vol. 68, January 6, 1910, pp. 7-14.

  • Copy in John Bates Clark Papers, Series II.4, Box 9, Folder 11, Report on American Economic Association’s 25th Anniversary, 1910”.
  • At www.archive.org the 68th volume of The Independent.    There I downloaded “Single Page Original JPS TAR” (warning: > 1 GB and then extracted the pages of the article, from which I have clipped the photos.