Twelve separate cities feed the Harvard purse from their traction lines, and more than half a hundred pay tribute from their lighting, heating, gas and power plants. Harvard has two million dollars in the traction game. The two-cent transfer charge on New York City trolleys goes to pay the interest on three-quarters of a million dollars’ worth of traction bonds in Harvard ownership, and Boston ten-cent fare goes partially to Harvard’s third of a million in Boston traction bonds. Mr. Wildes goes on to study the effect of these investments upon Harvard, and the effect which Harvard, through the power of these investments, might have upon the industrial life of the country. I cannot present the subject better than he has done, so I quote his words: With rapid transit lines throughout the nation in a state of rising fares, and continual labor strife taking place, the intervention of a conciliatory investor holding any such amounts might aid in bringing better harmony between the companies on the one hand and the public and the workmen on the other. But nothing has been done by Harvard University, nor by any educational body in the land, to work for the friendship of either public or labor towards the transit lines.... How strenuously the influence of Harvard will be thrown on the side of limitation of armaments and the ending of war may be gauged by the total of more than a million dollars’ worth of ordnance bonds and munitions stock owned by the corporation. And, as these are largely in great steel corporations such as Bethlehem, Midvale and Illinois, the attitude of the college heads towards the move for unionizing workers can be clearly understood. When railroad brotherhoods put forth a plan for guild operation of the lines, they face a mighty opposition from security investors. The eight million dollars which Harvard holds in railroad stock and bonds would be affected by victory for the Plumb Plan. The professors of economics and particularly of railroad operation and finance can scarcely be expected to imbue their scholars with a holy zeal for the securing of the Brotherhood aims....