The Washington times., 1901-12-28
Seventeenth Annual Con-
FentiOn in Progress.
ECONOMIC SOCIETY ALSO MEETS.
Joint Session Feature of Opening
Day of Convention 49, Delegates
Present From All Parts of the
Country Addresses by Prof Ely
and Charles Francis Adams.


annual meeting of the American Histori-
cal Association and the fourteenth an
nual meeting OF the American Economic
Association were held in joint session
in the lecture hall of the Columbian Uni
versity last night.
The features of the session were ad-
dresses by the presidents Of both asso-
Citations. The subject treated by Prof.
Richard 7. Ely. President of the Economic
Association, was industrial Liberty"
while An Undeyeloped Function" was the
subject of the address delivered by
Charles Francis Adams. President of the
American Historical Association.
General GrecIy Presidcs.
The session was called to order by Gen
A. ". Greedy, chairman of the local com
mittee of arrangements. who delivered an
informal address welcoming the delegates
of both associations. who come from all
parts of the country. General Greely then
introduced Rev. DR.. Samuel H Greene,
President of the Columbian University.
who delivered the formal address of well
come.
Prof Richard T. Ely was then intro
duced and discussed the theme. Indus
trial Liberty" in an exhaustive manner.
Prof. Ely said in part:
Prof. EIy's Address.
The year 1876 is an epoch making date
in the history of liberty II also Witnessed
The appearance of a book which so ad-
mirably presented the eighteenth century
philosophy of Industrial liberty that by
common consent Of the intelligent it ranks
among the worlds greatest books.
Il refer to Adam smiths Wealth of
Nations which occupies q pivotal posi-
tion in modern economic thought. So pro-
found has been its influence that the cen
tennial of its appearance was deemed
worthy OF a celebration. Placing it below
the Declaration OF Independence in it's
power over human destinies. neyerthe-
less I dare place II in the foremost rank
Of publications which deal with human
liberty.
Twentieth Century Philosophy.
LAS Adam Smiths philosophy of liberty
is an expression of the eighteenth cen
tury. Thomas Hill Green's view may be
looked upon as an expression of the phi
losophy OF liberty with which the twent-
eth century opens. He breaks away alto
gether from the conception OF liberty as
something TO be achieved by negative po-
litical action, holding thai true liberty
means the expression Of positive powers
of the individual. and that il can only be
reached as a result of a long and arduOus
constructive process.
Education is one OF the lines along
which modern society works to secure
liberty. Education cultivates economic
powers and aids US in adjusting ourselves
in the relations OF complex economic So
ciety."
Students of History In Politics.
Charles Francis Adams, in treating the
subject An Undeyeloped Function"
claimed that such a state was due TO the
failure on the part OF students of his
tory to take more active part in poll
tics.
He then traced the political history OF
the United States from 1854 to the pres
ent time, Incorporating all OF the great
questions of that period.
The great questions that have arisen
since 1854. b" said Mr.. Adams. ''are slavery,
reconstruction, currency, tariff, trusts.
and Imperialism"
The speaker then traced the course of
these issues in political history and dis
cussed trusts and Imperialism.
Monopolics Versus Trusts.
'Monopolies are as old as civilization"
said Mr.. Adams. They are operated on
an entirely different principle from trusts.
in that monopolies are a process of ex-
action under the protection Of the Govern
ment while trusts eudeavor TO secure
larger profits by larger sale at smaller
individual profits. No monopoly could
exist without the protection of the Gov
ernment."
The speaker concluded by declaring the
tariff the bastile of trusts.
The programme of today's sessions of
the American Historical Association fol-
lows:
Todny's Programme.
9:3O-10:30 a. m.-Congressional Library
where at 1890 a. m. papers viii be pre-
sented on Historical Records" and His
toricai Research"
1890 TO 1:2o p. m.-Luncheon at the
restaurant Of the Congressional Library
2:3O p. m.-Public session Of the church
history section. Columbian University.
1880 p. m.-Conference OF college teach
=
4:30 p. m.-Priyate meetings OF the
commissions, and boards in
the rooms OF the Columbian University.
800 p. m.-American history. Colum-
bian University.
Economic society's Plans.
The themes that will be discussed at
today's sessions of the American Econo-
mic Association follow:
10 a. m.-International Trade sThe
Meaning Of the Recent Expansion OF the
Foreign Trade OF the United States,
Brooks Adams. Quincy. Mass.
Discussion: George L. Roberts, hi |
rector OF the Mint; Charles a. Conant !
correspondent OF the "New |
York Journal Of Commerce"
Commercial Policy oil Europe" Worth
ington c. Ford. chief of the dcpartm ont
OF statistics, Boston Public Library
Discussion: Henry {. Emery, professor |
of political economy, Yale University.
230 p. m.-Economic Theory: Some !
Possibilities Of a Protective |
Tariff" Thomas y. Carver, assistant pro-
fessor Of political economy Harvard Uni
yersity.
Discussion: Guy S. Calender, professor
II economics and sociology, BoWdoin Col !
lege; Maurice II. Robinson instructor in
political economy. Yale University.
The Position OF the Workman in the |
Light of Economic Progress Charles a. |
professor of political economy,
Wabash College.
Discussion: David Kinley. professor Of
economics, University OF Illinois; Samuel |
VI. Lindsay, assistant professor Of sociol-
ogy, University OF Pennsylvania.
Sp. m.-Labor Problems: THE Negro In
the Yazoo- Mississippi Delta" Alfred II.
stone, Greenville, Miss.
Discussion, L. G. Powers Chief Statis-