The establishment of the Harvard Business School Associates marks an extensive and wise step in the development of this department of the University. The contribution made by this group of distinguished financiers will not only assure important research, but also there is the unmistakable indication that the importance of the Graduate School of Business Administration has been recognized in the highest financial circles.

Having its foundations in a past which considered the academic treatment of business matters incongruous and be heath the dignity of a university, the Harvard Business School has received in this latest gift an undeniable proof of the confidence that modern business has in its teaching methods. An organization such as the one under consideration recapitulates the distrusting altitude of a more conservative past.

That this group of men has been generous enough to provide the necessary funds to carry on important research assured even further advances in the work of the Business School. Many of these men have begun their careers under the old predominance of practical experience, but they have been far sighted enough to consider the change in the business situation brought about by modern methods. The opportunities afforded by their liberal attitude should benefit both the student and the man dealing with the practical problems. For the former there is an increased opportunity to learn while the latter will be greatly assisted by the results obtained from organized research.