Word: method
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Dates: during 1920-1929
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Discount Rate. As for rediscount rates, here again it is the province of the twelve Reserve banks (not of the board) to initiate rate changes?. Here the Reserve banks have a specific and unquestioned method of making it expensive to borrow money. But this method cannot be indiscriminately applied. In the first place, a high discount rate will attract money from foreign countries. More important, however, is the fact that the Reserve bank cannot make it harder for the speculator to borrow money without making it correspondingly harder for the businessman or the farmer to borrow money. A rise...
With his questioning of the modern mechanistic trend of our higher education Dr. Muzzey has added his voice to the already appalling number of educators who advocate either directly or by implication, as Dr. Muzzey does, that we should return to the educational method used a century ago. Such criticism has brought to the fore a controversy as old as education itself...
...value of a college education and even further academic work for a doctorate, it will indeed be difficult to change the ideas of approximately one hundred and twenty million people. The solution must as a result be found by the colleges and carried out by a more intelligent method of raising the standards of admission...
Although this method has been used with varying success in some of the state universities, the matter was brought to a head by action of the Boston University Athletic council at its last week-end meeting in abolishing the old method of electing captains...
...statement of the Boston University Council reads in part: "By using the above method in the selection of captains, the University will get away from all fraternity politics, which have a tendency to be detrimental to the best athletics in the University." The above quotation sets forth one of the chief arguments for a change in policy. Since the situation of club politics does not exist in this university, the need of change felt by Boston University is not applicable to Harvard in the opinion of Mr. Bingham...