Word: giftedly
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...secret of Dr. Eliot's quality of leadership, however, lies in his dominant trait and wonderful gift of initiative. It is the positive definitely constructive mind that leads, and not the merely receptive, the merely critical, nor even the vaguely creative, however inspired by genius. It is the mind that sees something to be done not done before, and the way or various available ways to the accomplishing of the new thing. And in Dr. Eliot's hands mere facts, mere statistics, the vast fruits of his own and others' research, do not remain sheer knowledge, but are utilized...
...with the money, but in case of his absence or of accident to him, the fund would be tied up. With the money payable to Harvard at Harvard, the class can be positive that the cash will be there when it comes back in 25 years to make its gift...
...plan to raise the 25th anniversary gift of the Class of 1924 by means of endowment insurance appears to be an exceedingly good one, from every point of view. Among its other advantages, it has the merit of distributing the burdon--of allowing every member of the class to assist in raising the fund to assist very materially, yet without great financial strain at any time. A class fund composed of large contributions from a few wealthy men may be just as useful as a fund which represents substantial gifts from every member, but it is certainly not as democratic...
Though it is usually impolitic to be arbitrary, in the case of so shockingly inept a production there can be no other course. The Gift is terrible...
Three years ago the concern was forced to borrow $50,000,000 and in addition its President, Julius Rosenwald, made it a gift of $5,000,000 in common stock and financed it to the extent of $17,000,000. Dividends were at once passed. By 1923, however, the $50,000,000 in notes had been paid off, and current liabilities had decreased $14,400,000 as against a decrease in current assets of only $2,300,000. For last year, net sales were $198,422,946 against $166,514,110 in 1922; net income...