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Show I AA u . UAAAAA u.u uu . 4A . . . ' . . . 4Aw 4Awr 4AwHO'S AA r W WHOS WHO'S HO'S HOS * ' NEWS NEWSTHIS WTHIS THIS WEEK . . . . By Lemuel F . Parlon Parton ParlonTSJEW PartonNEW TTT TTTYYTTYTTTTT TyyiT TyyiTNEW YORK-In YORK In YORK . . - In 1929 at the ( he age ageof ag agof age-1-1 age 1 e NEW TSJEW Frederick H HPrmce HPence HPrince - - ' of seventy seventy-one seventy one - - one Prmce Pence the Boston bankerfaith banker was faithsti stlJ\ stlJ stlJplaymg sti stiplaying stiVplaying ll . \ playmg playing polo He has g gthe great faith m mthe inthe n the durability ol of ofTIme ofTame olTime Time Tame Better men mstltutlons institution mstltutlonsThan institutionThan institutionsThan s Than Reform and governmentsfor governments governmentsfor Reformaslong aslong as they befor BUSinessas as long as they be bebave behave for Businesshave Business bave have themselves themselvesHe He left for lor Europe to ta forget aboutbusmess aboutbusiness about ! business busmess for a while and mtlmates intimate mtlmatesthat intimatethat intimatesthat s that it w01 would . d be a good th ng it If of the th thlectful thegovernment e , government w01 would . d be sIm similarly ishould arly neg neglectful ! lect1u1 lectful lectfulgovernment Washington Washmgton should stop stoptrymg stoptrying stoptrying trymg trying to reform reforln business busmess and leavethe leav leavthe leave leavethe e -the the - the situation to ta tfme time Jiesays he says Time has treated him nicely mccly anc1 anc1he an anhe anche n he may well give it a testlmomal testimonial testimonialAt testlmomalAt At seventy nine he is the grand grandseIgneur gran granseigneur grandseigneur seIgneur of American business Only Onlyfour Onlyfour Onlyfour he engaged inhard in a ahard ahard four years ago hard hitting hlttmg slugtest slugfest over the con control control control trol of Armour & CoHe CoHe Co CoHe He got what he was after-the after the afterthechaIrmanship afterthechairmanship after - thechairmanship chaIrmanship of the board He has hasmany hasmany hasmany many such trophies having havmg con controlled controlled controlled trolled 46 railroads and in m so general generalone generalone generalone one of the biggest cuts in the Amer AmerIcan Ameracan Amerlean Ican acan dream of any man of his Ius has dayi dayHIs dayHis day dayHis i His ( mainly mamly liquid hqUId ) fortune is est esti estimated estimated ! mated at around $250000000 250000000 $250 250 $ 000 000 Butfor But Buttor Butfor tor for many years yearsMake yearsMakes yearsMakes Make Makes ! Point Pornt he says he has hasof hasof hasof of Being Berng m In ma made it a point pomt toDebt to toDefer be e about $ 0 ? ' ' O ( ) OOOo OOOoDebt 000 Alwaysbe Alwayse Always Defer Debt inabout aboutdebt 000 in debt That with his hisIdeas hisideas hisideas is JS as re\ re repealing reealmg resealing \ ealmg in m connection Ideas about money and success He HeemphasIZes Heemphasizes Heemphasizes emphasIZes the dynamics of money moneyIt moneyit moneyIt It isn Jsn rsn t money unless it 1t is workmg working workmgStagnant workingStagnant workingStagnant Stagnant money just lust dries dnes up and andblows andblows andblows blows away Hence you draw cards cardsI cardseven cardseven cardseven even if J of ! 3.011 3011 you . ou do have to drag a few fewchIps fewchips fewchips chIps for markersHe markersHe markers markersHe He s a little httle too toa heavy for polo poloWIth polowith polowith WIth a massive gray head deep deepsunken deepsunken deepsunken sunken pondering pondermg eyes and heavy heavygray heavygray heavygray gray moustache a bit grim per perhaps perhaps perhaps haps but not formidable When Whenearly Whenearly Whenearly I early m in October 1929 a small black blackcloud blackcloud blackcloud cloud appeared on the horizon he hevIewed heviewed heviewed vIewed it with "a a n " a telescopic eye saw sawIt sawat sawit It at tor for what it was and got out of o1 ofthe o1the olthe the marketI marketThe market marketThe marketThe The cyclone never touched him himUntIl himUntil himUntil I UntIl a few years ago he " , was as shIl still shIlrIdmg stillriding stillriding rIdmg riding to ta the hounds at Pau In an Insouthern ansouthern insouthern southern France master of the hunt huntHe huntHe huntHe He has marble palaces here and andthere andthere andthere there one of them the former man manslon mansaon mansion slon saon of Mrs 0 O H P Belmont at atNewport atNewport atNewport Newport Remarking Remarkmg that he has hasbeen hasbeen hasbeen been in business busmess 55 years he saystlus saysthis says saysthis this tlus little httle squall squalI will blow over m in mtwo intwo mtwo two or three months . s . . THE reason Isn asn t qUIte clear but butthese butthese these days the colleges compete competefor competefor competefor for tuba players as well as athletesDr athletesDr athletes athletesDr Dr Walter Albert AlbertTuba Tuba Aces Jessup deploresI deploresPrized deploresPrized deplores I 'Prized Prized ' Prized Same this and otherI otheras otheras other I t tas as Athletes phases ses ot of the thescramble thescramble thescramble scramble for theI students students stu students I dents in the annual report of the theCarnegie theCarnegie theCarnegie Carnegie Foundation roundatIon for the Ad Advancement Advancement I vancement of Teach ng of wh ch he heis heis heis is president The fight seems to be beent beeat beent ent eat rely in m the field of e extra tra curncu curricu curncular curricuJar curncular lar Jar activities No mere scholar gets getscompet getscompet getscompet compet ng bids from rival faculties faculhes facultiesS I S nee nce he became head read of the Carneg Carneg Car 'neg neg ' neg e a foundation in 1933 Dr Jessup Jessuphas Jessuphas Jessuphas has been a consistent deflat defiat on st soI sofar sofar so I Itar far as education is as concerned He Hewants Hewants Hewants wants fewer and better students m in mthe inthe inthe the colleges He lIe assa Is the col colleges colloges colleges leges loges which would teach anybody anybodyanythmg anybodyanything anybodyanything anythmg anything He is as aga nst education educational al trimmings trImmmgs excrescences and andgadgets andgadgets andgadgets gadgets as the 1 I ttle Ule Scotch Jron iron Jronmaster ironmaster ironmaster master doubtless would be it If at he hewere hewere hewere were look ng over the current sceneOther scene 1 1 1Other 1Other Other lead ng educators join Jom loin hIm hImin himin himin in this but the big mill has to haveI haveBrain have haveplenty plenty ot of raw ma marenal I Millplenty maBrain maBrarn Brarn Brain Milltenal Mill tenal renal to keep on Needs onNeeds Raw grind grmd ng or else elseMaterial elseMaterial elseMaterial Material become just lust acrossroad acrossroad a acrossroad plantSo crossroad plant 50 So they go after e\ e e\en e en een even \ en the tuba players play I Iers | ers At any rate each can blow ItS ItSown itsown itsown own hornDr hornDr horn ) Dr hornI Jessuo Jessu'O Jessup ' was president ol of the I | theUmverslty theUniversity University Umverslty 1933A of Iowa from 1916 to 1933 I [ A native natne name of Richmond Ind heas he \\as as was \ waseducated waseducated \ aseducated andColumbia educated at Earlham Barlham college and I Columbia and gathered several honorary severalhonorary degrees in m later years HeI Hewas He I Iwas was ' " as superintendent supermtendent of schools in In diana Indiana and dean of the college InI ofeducatIOn ofeducation of I 'education education ' Hehas educatIOn ot of Indiana univers ty He has won h gh distinct dlstmct on in m the cdu cducat cducat cducat cat onal field and is the author of a book abook on arlthmehcOne arithmeticOne arithmetic arlthmehc arithmeticOne notrecommend One gathers that he would not recommend Benny Goodman for a acollege acollege college acollege fac1 faculty . ty and that qu te to prob probably probabJy abJy ably the next Carneg e a report may find mayfind ad\ ad adversely aderscly \ erscly on the shag the Jeep jeeper er and the susy q He is as for lo 10 to v kIck vkickng vkIck ng and high thmkng thinkng think thmk ng as aga asaga thIS ofthis nst formula fotmula the prevailing revers-il revers il reversl reverszl reverslof reverszlof ' ! - of I i formulaS fotmulap p @ S ) Conso Canso (1 1 d ( \ ( led ted Me Ne We vs Features _ Wt WI\ WI FeaturesWI FeaturestvAU WIUSer tvAU \ > USer Ser ce cc _ _ I |