False Leadership. A professor cannot run a bank. A banker cannot run a college.

Universities in America are run on business lines. The President speedily becomes the traveling salesman of a body of business Trustees or (in the case of a State university) an expert lobbyist. His bag never unpacked, he is ready to dash into his sleeper to catch the next conference or alumni banquet. He is never in his own library or among his own students.

"The scholar, who knows that his standards are not the standards of the...

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