Education: Sane

At Wellesley College, Professor Lawrence P. Smith distributed among his pupils in a course on the financial organization of society, $25,000 each, with instructions to go and invest or speculate in corporate securities, stocks or bonds, on any stock exchange or curb market in the country, from Feb. 21 to May 1—$25,000 apiece of real money, theoretically. The market-players last week announced "profits" and "losses" taken, to date. The total profits were $14,000; losses $660, with plungers "selling short" and conservatives "holding on like grim death" during the recent wild days...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!