Sixty years ago most scholars graduated from U. S. schools and colleges had nothing tangible to show for it. To an Iowa country school teacher who knew a thing or two about psychology, that seemed an undesirable state of affairs. So he set up a shop in Maquoketa, Iowa and began to manufacture diplomas to symbolize academic accomplishment. Soon Mr. William Welch was turning out diplomas at a great rate.* When his plant burned down in 1914 it was a coast-to-coast newspaper story, for many of the nation's graduates had to be informed that...
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