Also, it will be worth while to notice the Massachusetts Institute of Technology, until recently a part of Harvard. This is one of the most marvelous collections of plutocrats ever assembled in the world; it includes the president of the Powder Trust, and his cousin Mr. Coleman du Pont, who is emperor of the State of Delaware; also Mr. Eastman, the kodak king; two of our greatest international bankers, Mr. Otto Kahn and Mr. Frank Vanderlip; Mr. Howard Elliott, chairman of the New Haven, Mr. Elisha Lee, vice-president of the Pennsylvania; both members of the firm of Stone and Webster, with all of its enormous electrical interests; also nine other electrical bankers, two officials of the General Electric Company, one big electrical manufacturer, and six others who are interested in electric railways. Make particular note of this mass of electrical connections, because in succeeding chapters you will find several amusing instances of the influence of electric light and electric railway interests upon the policy and teaching of both Harvard and Massachusetts Tech. As we have seen, the endowment of Harvard was estimated at thirty-four millions of dollars in 1917, and since then there has been a campaign in which nearly fifteen millions was raised. This money is under the direction of the Morgan-Lee-Higginson directorate, and needless to say is largely invested in Morgan-Lee-Higginson enterprises. We are told by some friends of Harvard that Harvard stands for “liberalism” in American education; do you suppose that Harvard stands for “liberalism” in American industry? Do you suppose that the votes of Harvard administrators are cast for policies of justice and democracy in the enterprises it exploits? If you suppose that, you are extremely naive. The Harvard votes are cast, just as any other votes of any other business concerns are cast, for the largest amount of dividends for Harvard. For example, Harvard owns twenty-five hundred shares in a Boston department store; has Harvard done anything to humanize the management of that store? It has not. Harvard likewise operates a mine. Harvard has a graduate business school and trains executives to run mines—on the basis of getting the maximum production at the lowest cost, and maintaining the present system of industrial feudalism. I take these facts concerning the Harvard investments from a paper by Harry Emerson Wildes, a Harvard graduate. It is interesting to note that Mr. Wildes at the time he made this study was doing voluntary publicity work for the alumni group which was raising Harvard funds in Philadelphia; and Mr. Wildes was “dropped” immediately after this study saw the light! We have seen how Columbia owns stocks and bonds in American railroads, public service corporations, and industrial corporations of all sorts. Exactly the same thing is true of Harvard. Says Mr. Wildes: