[Notes]
1NEurope a public career has long been open to economists. The finance ministers of the continent have been frequently selected from the rank of professional economists. In the Uniited States, on the other hanld, it has long been the fashion of the man of affairs to regard the academijic miian as unfit for the practical duities of office. Such a state of things could not, in nature, continue forever ; and there are many interesting evidences of an increasing respect for the opinions and judgment of trained economnists. Soiime timBe ago David A. AWells and Francis A. Walker imiade great reputations in the service of the government. More recently several cases illustrate the value set upon economic training: P'rofessor A. T. Hadley's appointmnent some years ago as Coinmissioner of Labor in Connecticut; P'rofessor H. C. Adamiis's continued service as the statistician of the Interstate Commerce Coiimmissiona; the exceptional collection of prices by Professor R. P. Falkner, for the Aldrich Senate (Coiiiiiittee; the coilspicuous efficiency of Professor F. W. Taussig on the Massachusetts Commiiiiission Taxation the consultation of Governor Roosevelt with 1'rofessor E. R. A. Seligman on legislation relating to taxation; the selection of Professor Emory R. Johnson, of the University of Pennsylvania, upon the Isthimlian Canal Commiiiiission the present work of Professor J. W. Jenks, on Trusts, for the Industrial Coinimission authorized by Congress ; and the choice of Professor WValter t. WNilcox, of Cornell, as the chief statistician of the new national census.