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The tactless Mr. Cooke goes on to examine the activities of “prominent technical educators” who have lent themselves to this program. Among the names I find—can such a thing be possible?—George F. Swain, professor of civil engineering in the Graduate School of Applied Science of Harvard University! Professor Swain, it appears, has done “valuation work” for Mr. Morgan’s New Haven Railroad—our interlocking directorate, you perceive! You may not know what “valuation work” consists of; it is the job of determining how much money you shall pay for your water, light, gas and transportation, and needless to say, the utility corporations want the valuation put as high as possible. Mr. Cooke, since the incidents here narrated, put through a rate case whereby the Philadelphia Electric Company collects from the city and the people of that city one million dollars less per year. So you see just what an ornery cuss Mr. Cooke is!

Professor Swain lays out “principles” for the doing of this ticklish “valuation work.”^[C] One of his “principles” is that when anything has increased in value, the increased valuation shall be allowed the corporations, but when anything has decreased in value there shall be no corresponding decrease in the valuation! (We used to play this game when we were children; we called it “Heads I win and tails you lose.”) Another of Professor Swain’s “principles” is that when states, counties or cities have helped to pay the cost of grade crossings, the railroads shall be credited with the full value of these grade crossings. (We used to play that game also when we were children; we called it “Findings is keepings.”) Needless to say, a man who is so clever as to get away with things like that regards himself as superior to the rest of us, who let him get away with it. So, as president of the American Society of Civil Engineers, Professor Swain voices his distrust of democratic ideals, and informs the engineers that “present-day humanitarianism leads to race degeneracy.”