The Birmingham age-herald., 1921-02-26

I cilties for our foreign trade. The speed | and extent which will characterize here after the granting of credits to European countries will relatively determine the ex- l tent to which the United States will re- cover from the depression which until recently to some extent existed.
 A COLLEGE PRESIDENT
 IN BUSINESS
 One college president went eight years ago by way of the state house at Trenton to the presidency of the United States Land another college president is. it is surInised, on his way, if not to the presi- dency of an important. railroad company, nevertheless to close business and per- sona1 relations as director with that
 railroad company.
 President Hadley of Yale university does not give up his chair as president to begin the life of sage as all of his predecessors have done. He is to take the active part both practically and as a profound railroad economist in modern railroad activities. In doing this he re- turns to his first love, for he saw D years ago that tempting opportunity for a fine career opened through the changes that were characterizing American rail- road methods, and he was almost per suaded his friends have sometimes thought, not to listen to the invitation that he become president of Yale but in stead to make his career in active rail- road life, not perhaps as an operator of railroads, but with the desire to be regarded as a master of railroad econo- mics.
 However, Yale tempted him so that he became it's president, and he found in- mediately after his election that his pred ecossor had bedueathed to him the work ] of securing the bicentennial fund of $l,- Ooo, ,000 He did secure this fund although there were moments when he was appre- hensive that he would fail. His success
 in this early financing was one Of the reasons why railway managers turned to him, seeking his association in the di-
 rectorate. Of course. another reason was
 the authority which he had earlier galned as a student of railroad economies. So
 he became director in the New Haven
 Railroad company. and he was a director
 who was Constantly at his post and di-
 rector in fact as we'll as in name Ihere
 are intimations that he may be called
 to the presidency of an as yet unnamed
 railroad company.
 President Lowell of Harvard universoty
 must have watched with interest Pres
 ident Hadley's dual career as president
 of Yale and director in the New Have~
 Railroad company. For at or about the
 time President Hadley was asked to ac-
 cept election as director in the New
 Haven Railroad company, President Low
 ell of Harvard was also urged to accept
 election as one of the directors of the
 Boston and Maine Railroad company
 which the New Haven at that time con-
 trolled The Harvard president did not
 sec his way clear to accept this offer
 Had he done so two distinguished presi-
 dents. one of Yale and one of Harvard
 would have at the same time been serv-
 ing upon the boards of two New England
 railroad companies.
 President Hadley will it is understood
 immediately after he retires in June rom
 the presidency of Yale devote his time
 exclusively to the railroad situation in
 the United States and to railroad eco
 monies, not merely as a writer upon the
 subject, but as practical and difigent railroad director.