The Birmingham age-herald., 1915-11-08
Lowell of Harvard Is Also Learned in Economics Af-
 fecting Transportation
GEAT MINDS AID
 IN SOLVING ISSUES
James J. Hill Professorship at Har- yard Will be of Great Value in Studying Great Principles of
 Railroad Management
By HOLLAND

New York, November 7-(Special) After Arthur T. Hadley was graduated at Yale, he made choice of career which seemed to be somewhat out of line with the scholarship which had made it possible for him to gain recognition as easily the leader of his brilliant class in scholarship He began the study of certain phases of modern economies and gave close study to various labor prob- lems. In his earlier studies of this kind he learned that transportation is the sol vent by means of which American pros- perity is attalned. He therefore made , an exhaustive study of transportation subjects and gained such authority as to justify his membership and leadership of national commission whose report upon certain phases of railway activity and the philosophy of successful railroad management was one of the first of inn portant educational services in the field of railway transportation.
 It was this expert authority, in great measure-although partly because he rep resented large holdings of New Haven Railroad company's stock--which per suaded the directors to choose him as one of their number.
 About the time when the president of Yale Arthur T. Hadley, became a mem-
 
 rate, an apepal was made to the newly elected president of Harvard. Abbott l.. Lowell. to accept election as director of the Boston and Maine Railroad company. The reasons for this invitation were not sentimental but were based upon Pres- dent Lowelps exhaustive study of certain economic problems. For reasons which were deemed expedient to himself and also to the overseers of Harvard, Presi- dent Lowell declined the offer to become Boston and Maine railroad director.
 President Hadleys active association in the New Haven Railroad company and the keen interest President Lowell has taken in some of the economic phases of the Boston and Maine railroad system are reflected in the arrangements lately per fected for establishing department of transportation under the sponsorship of harvard university. Railroad men who are sons of Harvard and two of them Thomas W. Lamont and Howard Elliott are oYerseers of Harvard, joined in per- fecting a fund of $125OO0 for the endow- ment of this transportation department which. in honor of the highest living au- thority upon American railroad con- struction and development, James J. Hill, IS to be called the James J. Hill profess sorship. MT. Hill has within a few days contributed $125,0o0 to the fund, and it is understood that he did this not so much III ItCOSiltlOl Ul lne hU0Or WnlcD IS AS- sociated by the identification of his name with the professorship, as because he is a profound believer in the value and inn portance of highly-organized training in the field of transportation.
 It has been said by some of those who have read MT. Hills various addresses that they contain much of the philosophy of transportation which must be taught in this department of Harvard
 MT. Hill to $l.o00,000 fund which President Hadey attempted, with success, to raise shortly after he became president of Yale He has made other benefactions elsewhere of most of which the public has had no knowledge.
 Mir Hlll was self-taught in the school of railroad transportation. Mr. Harri- man, to whom MT. Hill has sometimes been likened-although in only one re- spect were the two men alike-gained his high authority intuitively. Both regard ed it as a fundamental principle of suc- cessfu railway management that the con- structive work and the equipment of the railroads after having been well con- structed and equipped should not charge for transportation all that the traffic would bear. but should instead charge only rates which would return reasonable gains to the railroad and not be bur densome to those who bought transpor- tation. MT, Hill. having this always in view so perfected and operated his sys- tenn that within few years after he be- gan to operate it the market price of land which before his railroad was opened was without any apprc&iable value. was considerably in excess of $1000, ,000, ,000. Since that estimate was made there must have been continued appreciation of land values. This was made possible by the cooperation MT. Hill established be- tween his railroads and the people.
 Probably the late John M. Forbes of Boston was the first of the railway con struetors. at least of the periop be- fore the civil war, who had profound understanding of the meaning of per fected transportation in it's relation to the development in the United States. MT. Forbes demonstrated that when he took hold of the moribund Michigan Central railroad. completed it, extended it to Chicago and then began the construction of what became the Burlington system. What Mr Forbes did furnished the most important lesson of that time. He un- doubtedly greatly stimulated the con