A U. S. business facing a bearish future is Public Education. Its raw material is diminishing. When the public elementary schools open this month, they will have some 20,200,000 pupils, 100,000 fewer than last year. Primary school enrollments, which piled up to an alltime peak in 1930, have been sliding downhill ever since, and the end of the slide is not in sight. Chief reason is the birth rate, which has been falling since 1921. By 1940 there will be one-fifth fewer children under ten in the U. S. than there were in 1930.
Last week New York University's...
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