Word: controllers
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Dates: during 1920-1929
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Each year our government finds itself faced with the problem of extending state control to new fields. Those conditions of individual freedom from restraint, which once seemed so easily possible, have given way before the tremendous increase in our population, and the growth of specialized vocations and modern industry...
...Football is so inherently rough and can be made so brutal, a menace not only to limb but to life, that when it is played out of the control of self-respecting universities, colleges and schools it requires supervision by the authorities no less rigid than is exercised over the prize ring. Football may be a game or it may be a fight. In any event it is peculiarly a college sport and has many features that cannot be transplanted to mercenary soil. One of them is the amateur flavor of intercollegiate football--one of its very greatest assets; professionalism...
...Where tuition fees have not been sharply raised a university is hardly justified in appealing to the public for support. It has not made full use of the opportunities within its own control...
...principal objections to the Plumb Plan is the inefficiency in management which would result. Government ownership has everywhere proved less successful than private management, our present experience with the railroads being a case in point. Moreover, the interests of the public would not control the policy and direction of the railroads under the Plumb Plan, but rather the interests of the railroad men themselves...
...Foreign exchange should be considered not as a barometer, but as resembling the thermostat more closely. As the thermostat regulates the temperature of a room, so do the changes in foreign exchange regulate the international trade. The effect necessarily reacts on the cause and will without doubt control it later. We will see prices come down when the exchange rates are more nearly even and when the imports to this country more nearly equal our present tremendous exports...