Word: foreign
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Dates: during 1900-1909
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...important exceptions to the rule of free trade. The first of these, protection for the sake of defense, must be settled largely by military experts, but the economist may insist that economic effects, such as the diversion of capital to less productive industries, be carefully considered. Protection to counteract foreign bounties, which constitutes the second exception, is apt to be carried too far, and protection of retaliation is likely to result in loss to the country which undertakes it. The tariffs for fostering young industries have to be adjusted with extreme nicety, and are often too long continued. great care...
...transactions. The theory of exchange traced by Jevons facilitates the comprehension of "comparative cost" and other complications in the doctrine of international values. The difficulty of comparing quantities of labor or productive power is lessened by Mangoldt's conception of a commodity produced both by the home and the foreign country. New views serve to confirm the old arguments in favor of free trade. Abstract theory admits indeed the possibility that a country may benefit itself economically by a manipulation of tariffs; but the methods indicated are so refined and involved as to strengthen the general presumption of leaving trade...
...chief conclusions that have been reached in consequence of these recent excavations are that there are no essential anatomical differences between this ancient Egyptian race and the modern race, and that from the sixth dynasty to the period of the introduction of foreign elements into Egypt, no essential changes in manners and customs took place. Dr. Reisner closed with a fitting tribute to Mrs. Hearst, who has made the present expedition possible...
Many volumes have been added to the Library during the past summer. Most have been of a miscellaneous nature, and a large percentage have been books presented by foreign publishing houses. Of the private donations the most important is the gift from the Gurney estate of 1200 volumes, an addition to the series of gifts made possible by the will of the late Professor Ephraim Whitman Gurney '52. About 100 volumes on the catacombs of Rome have been presented by John Harvey Treat '62. A gift of 25 volumes on Dante, including several of the early editions, has been received...
...Cambridge was more satisfactory than those in previous years. In spite of the small-pox scare in the first part of July, when the school opened, the attendance of 737 showed a slight gain over that of the preceding summer. Forty states and territories were represented and two foreign countries, Canada and Japan. The leading representations from the states were as follows: Massachusetts 236, New York 120 and Pennsylvania...