Professor Swain lays out “principles” for the doing of this ticklish “valuation work.”[C] One of his “principles” is that when anything has increased in value, the increased valuation shall be allowed the corporations, but when anything has decreased in value there shall be no corresponding decrease in the valuation! (We used to play this game when we were children; we called it “Heads I win and tails you lose.”) Another of Professor Swain’s “principles” is that when states, counties or cities have helped to pay the cost of grade crossings, the railroads shall be credited with the full value of these grade crossings. (We used to play that game also when we were children; we called it “Findings is keepings.”) Needless to say, a man who is so clever as to get away with things like that regards himself as superior to the rest of us, who let him get away with it. So, as president of the American Society of Civil Engineers, Professor Swain voices his distrust of democratic ideals, and informs the engineers that “present-day humanitarianism leads to race degeneracy.” ----- Footnote C: See record of hearing, May 3, 1920, at State House, Trenton, N. J., before Governor Edwards, on motion of City of Jersey City for removal of Public Service Commission. And then I turn on to page 35 of the pamphlet, and stumble on still more tactless conduct on the part of this dreadful Mr. Cooke. He tells us about Dugald C. Jackson, professor of electrical engineering at Harvard University,[D] who also does this fancy “valuation work.” Says Mr. Cooke: “Professor Jackson has never really been so much a university professor as a corporate employe giving courses in universities. While he probably receives five thousand dollars from his present teaching post he must receive at least four times this amount from his corporate clients—charging as he does one hundred dollars a day for his own time and a percentage on the time of his assistants!” ----- Footnote D: Professor Jackson, in qualifying as an expert before the Pennsylvania Public Service Commission, introduced himself by the single statement that he was “professor of engineering at the Massachusetts Institute of Technology and head of the Department of Electrical Engineering and professor of electrical engineering at Harvard University.” It should be explained that he held the last two positions only ex-officio, by virtue of the affiliation of the two institutions which existed for a few years. -----