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Show kkkkkkkkk MMMM, I WHO'S NEWS I THIS WEEK... By Lemuel F. Parton TttttTTTTTTTTTVTTTTYTYTT NEW YORK. In 1929, at the age of seventy-one, Frederick H. Prince, the Boston banker, was stiU playing polo. He has great faith in the durability of Time Better men, institutions Than Reform and governments, for Business 83 lon ' " teef be" have themselves. He left for Europe to forget about business for a while and intimates that it would be a good thing if the government would be similarly neglectful. neg-lectful. "Washington should stop trying to reform business and leave the situation to time," he says. Time has treated him nicely and he may well give it a testimonial. At seventy-nine, he is the grand seigneur of American business. Only four years ago, he engaged in a hard-hitting slugfest over the control con-trol of Armour & Co. He got what he was after tha chairmanship of the board. He has many such trophies, having controlled con-trolled 46 railroads, and, in general, one of the biggest cuts in the American Amer-ican dream of any man of his day. His (mainly liquid) fortune is estimated esti-mated at around $250,000,000. But, for many years, Makes Point he says, he has of Being in made it a point to Debt Always be about $20,000,-000 $20,000,-000 in debt. That is revealing in connection with his ideas about money and success. He emphasizes the dynamics of money. It Isn't money unless it is working. Stagnant money just dries up and blows away. Hence you draw cards even if you do have to drag a few chips for markers. He's a little too heavy for polo, with a massive gray head, deep sunken, pondering eyes, and heavy, gray moustache; a bit grim, perhaps, per-haps, but not formidable. When, early In October, 1929, a small black cloud appeared on the horizon, he viewed it with a telescopic eye, saw it for what it was, and got out of ' the market. The cyclone never touched him. Until a few years ago, he was still riding to the hounds at Pau, in southern France, master of the hunt. He has marble palaces here and there, one of them the former mansion man-sion of Mrs. O. H. P. Belmont, at Newport. Remarking that he has been in business 55 years, he says this little squall will blow over in two or three months. THE reason isn't quite clear, but, these days, the colleges compete for tuba players as well as athletes. Dr. Walter Albert Tuba Aces Jessup deplores Prized Same this and other as Athletes Phases of the scramble for students stu-dents in the annual report of the Carnegie Foundation for the Advancement Ad-vancement of Teaching, of which he is president. The fight seems to be entirely in the field of extra-curricular activities. No mere scholar gets competing bids from rival faculties. Since he became head of the Carnegie Car-negie foundation, in 1933, Dr. Jessup has been a consistent deflationist, so far as education is concerned. He wants fewer and better students in the colleges. He assails the colleges col-leges which would "teach anybody anything." He is against educational education-al trimmings, excrescences and gadgets, as the little Scotch ironmaster iron-master doubtless would be if he were looking over the current scene. Other leading educators join him In this, but the big mill has to have plenty of raw ma-Brain ma-Brain Mill terial, to keep on Needs Raw grinding, or else Material become just a crossroad plant. So they go after even the tuba players. play-ers. At any rate, each can blow its own horn. Dr. Jessup was president of the University of Iowa from 1916 to 1933. A native of Richmond, Ind., he was educated at Earlham college and Columbia and gathered several honorary degrees in later years. He was superintendent of schools in Indiana In-diana and dean of the college of education of Indiana university. He has won high distinction in the educational edu-cational field and is the author of a book on arithmetic. One gathers that he would not recommend Benny Goodman for a college faculty and that quite probably prob-ably the next Carnegie report may find adversely on the shag, the jeep-er jeep-er and the susy-q. He is for low kicking and high thinking, as against the prevailing reversal of this formula. Consolidnted News Features. WNU Service. |