Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-06-03
VERSED IN FINANCE
A. B. Andrew Is Considered an
Authority.
WAS DECORATED BYFRANCE
Will Shortly Assume His New Du-
ties as Assistant Secretary
of Treasury.

A. Il. Andrew, jr., who has been Sc
lected as assistant secretary OF the Treas
ury to succeed Charles D. Norton, will
enter upon his duties when the Senate
has confirmed his nomination. which will
be sent to that body next Monday upon
the return of the President from his
western trip.
Mr.. Andrew, who will enter upon his
position splendidly fitted by education and
experience for its duties. has been re-
ceiving many congratulations today upon
his promotion.
Mr.. Andrew was born at La Porte, Ind.
February II, 1873. his grandfather. a
pioneer surveyor and turnpine builder.
having gone to Indiana in 1918. He was
educated at the Lawrenceville On. j.
School, and at Princeton and at Harvard
universities. He also studied at the uni
versties of Halle, Berlin. and Paris, and
received the degree of doctor of philoso-
ply at Harvard in the year 1900 In the
same year he was made instructor in the
department of economies at Harvard Uni
versity, and three years later he became
assistant professor, which position he oc-
cupied until 1909. conducting large courses
on general economics, money. banking
and commercial crises.
While at Harvard he served as assistant
editor OF the Quarterly Journal of Eco
nomics. He was also for several years
faculty member of the athletic committee
and faculty representative of the "Cercle
Francais," in which capacity he enter
tained many Of the distinguished French
men who came to America. In 1905 the
minister OF public instruction of France
conferred upon Prof. Andrew the title of
"Oficier d'Academie.'
In 1908. when the national monetary
commission was organized to devise a
plan for reorganizing the American
banking system, Prof. Andrew was en-
gagged to assist the commission in It's
researches; and having been given two
years leave OF absence from Harvard
University, he visited London, Berlin,
Paris and other important financial
centers of Europe with Senator Aldrich,
the chairman of the commission, to
ing systems and methods of preventing
crises. Upon his return to this coun-
try he was charged with the editing
of the commissions publications, which
will comprise nearly two score volumes
and constitute the most comprehensive
library dealing with the worlds banking
that has ever been published.
In August, 1909. President Taft appoint
cd Prof. Andrew director Of the mint.
Numerous articles upon currency and
have been contributed by Prof. Andrew
to leading publications. Among those
which have attracted wide attention were
his 1.-The Treasury and the Banks Under
Secretary Shaw and his 1.-The United
States Treasury and the Money Market"
issued at the time of the retirement of
the former Secretary Of the Treasury In
1907.
He has published a series of studies on
currency questions as they concern orien-
tai countries, notably Currency Prob
lens OF the Last Decade III British In
dia'' in the Quarterly Journal of Eco
nomics for August. 1901. and THE End
Of the Mexican Dollar" in the same peri
odical in May. 1904. and various articles
on the subject of financial crises. such as
1.-The Influence of the Crops Upon Busi-
ness" O9O6). "Hoarding in the Panic of
1907 nSOS and Substitutes for Cash In
the Crises of 1907 09OS). In the latter he
describes more than 200 substitutes used
for money at that time. Other articles
concern the general theory of money. such
as .'The influence of Credit on the Value
of Money" published In the proceedings
OF the American Economic Association In
1904
Mr.. Andrew has been director of the
mint for seven months.