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...year beginning next July and ending June 30, 1935, for which the President indicated a deficit of $2,000,000,000, we may have a larger deficit than was planned. Between now and that time, however, increased tax receipts and possibly a business revival may take some of the load from the Government, so that the important thing is to focus attention on the deficit of this year...
President Conant, in his first report, called attention sharply to the problem of the teaching load carried by members of the faculty. The tutorial system, superimposed on the course system, has placed a burden on Harvard professors and instructors which may interfere seriously with the President's aim of studding Harvard's faculty with the most illustrious of American scholars...
Before scrapping any part of this system in the interests of the faculty, the College officials should note carefully whether some of the necessary adjustments of the teaching load cannot be made with less harm in the course system. There is offered in the College at present an altogether excessive amount of course instruction. While some departments, such as economics, have reduced their curriculum to the minimum number of courses required to cover the major sectors of the field, other departments remain glutted with a multitude of courses which are often as poor as they are superfluous...
...large measure of an unenlightening presentation of material available in books with less trouble to both student and teacher. The amount of lecturing could be reduced either by having only one lecture a week or by extending the reading periods. Either of these measures would reduce the teaching load of the faculty and at the same time relieve the student of some of the academic engagements which interfere so effectually with concentrated study...
...72nd birthday Charles Michael Schwab revealed that he was "lightening his load" by retiring as president of Manhattan's Whist Club and "only spending several hours a day" as board chairman of Bethlehem Steel. "But I'm not through playing bridge nor have I quit the Bethlehem Steel Co." said he. "I will always get a kick out of cards, and as for the Bethlehem Company-that is my monument...