Word: debts
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Dates: during 1920-1929
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...when professors attempt to apply their learning to vital matters, Mr. Babbitt becomes nervous and his newspaper howls. So it was last week. A large part of the faculty of Princeton University followed a large part of the faculty of Columbia University in advocating reconsideration of the Allied debts to the U. S. in a more altruistic light. President John Grier Hibben and 115 professors signed the Princeton petition. The Chicago Tribune was howl-leader. In an editorial headed "Piffle Patriots at Princeton" it said: "The reasoning of the Columbia professors was not good in either morals or economics...
...born in Flushing, L. I., so late as 1895. He attended Manhattan universities, pursuing science and pedagogy. His contributions to a wide variety of publications culminated in an associate editorship on the Dial. Since 1920 he has edited the Sociological Review in Eng land. He acknowledges an "intellectual debt" to Professor Patrick Geddes of India and Edinburgh, whose work in synthetics (making science, especially biology and geography, serve society in town-planning, education, etc.) he began investigating and studying, by letter, in 1916. Already two Mumford books have wide fame: The Story of Utopias and Sticks and Stones...
...What then becomes of Main Street, Mr. Babbitt, and even Sinclair Lewis. With all its flummery and posing the joining spirit of contemporary America must have in it a deeper and more fundamental element. Dartmouth debaters travel New Hampshire to clash before business men's clubs on the International Debt Settlement. Rotary sends students for study in Europe. All this surely signifies something good and highly worth-while. The much abused American business organizations will certainly bear watching...
...then can Mr. Mellon (appointed by President Harding) be credited with a two billion, 600 million dollar reduction in the debt before that time? ". . . The blunder is almost incredible on the part of a newspaperman, to whom Presidential year dates are naturally the most familiar of all possible landmarks . . . the article throughout is vitiated by ... error...
...asked Mr. Franklin, can Secretary Mellon be honestly called debt-reduction-wonderman in face of the facts that "in the months from Aug. 31, 1919, to Dec. 31, 1920, the debt was reduced by 2.6 billions under Mr. Mellon's predecessors; and that the best Mr. Mellon was able to do was to reduce it by 2.1 billions in the three years from Dec. 31, 1920, to Dec. 31, 1923, and by 2.8 billions in the three years from...