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Mr. Wildes goes on to study the effect of these investments upon Harvard, and the effect which Harvard, through the power of these investments, might have upon the industrial life of the country. I cannot present the subject better than he has done, so I quote his words:

With rapid transit lines throughout the nation in a state of rising fares, and continual labor strife taking place, the intervention of a conciliatory investor holding any such amounts might aid in bringing better harmony between the companies on the one hand and the public and the workmen on the other. But nothing has been done by Harvard University, nor by any educational body in the land, to work for the friendship of either public or labor towards the transit lines....

How strenuously the influence of Harvard will be thrown on the side of limitation of armaments and the ending of war may be gauged by the total of more than a million dollars’ worth of ordnance bonds and munitions stock owned by the corporation. And, as these are largely in great steel corporations such as Bethlehem, Midvale and Illinois, the attitude of the college heads towards the move for unionizing workers can be clearly understood.