A CHAIR OF FOREIGN TRADE.

In our age of specialization it is refreshing to find somebody who combines the functions o teacher and pupil, of the orizer and practical man. Harvard is the first University in the country, and, possibly, in the world, to create a chair o foreign trade; and the man who has been chosen to fill it--Professor George B. Roorbach--has had a chance to put his ideas into practice. The creation of the new chair is the latest chapter in the growth of interest in the science of economics which has been the most notable alteration of recent years in Harvard's curriculum. Professor Taussing was the second man to give a course in economics at Harvard College; since the time he began, the introductory course has grown to a membership of several hundred, and a whole department has been built up. The science of economics is still very young. One of its points about which controversy has raged--the quantity theory of money--Professor Roorbach is peculiarly fitted to speak on, because of his research work on this subject in Argentina.

In these days of doubt and ferment, it is only by study of basic principles that we can build a stable state. Such an addition to the economic department is a real advance in our educational system.