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APPENDIX 
et 3s 
family all these years, I think it is in a large measure due to the sweet 
temper, the calmness, the courtesy and the example of unselfishness which 
Professor Clark has always given us. 
I remember one other episode when, a few years after he came to 
Columbia, he turned over to me for criticism the manuscript of his book. 
I recollect reading it on my way to New England where I was spending 
the holidays. I was so excited after reading it that I telegraphed or wrote 
to him saying: “You have earned your place among the six leading 
economists of the nineteenth century.” That first impression made upon 
me by the perusal of the wonderful book has, of course, been abundantly 
strengthened, as we all know of the international reputation which Professor 
Clark speedily achieved. 
It is unnecessary for me to say much more now because we shall hear, 
not from all of the eighty, but from a few of his well-wishers. When his 
friends bethought themselves of how they could most fittingly celebrate 
this anniversary, they finally decided upon three different plans. One was 
the accumulation through his admirers of a fund, which has enabled us to 
secure the fine portrait which you have seen in the other room, and of 
which a duplicate has been painted for the trustees of the Carnegie 
Foundation. 
The second was the adoption of a very good, old continental custom. 
When a scholar reaches a ripe age, it is the custom in Germany, and in 
France, as well as in other countries, to prepare what they term a jubilee 
volume, but which we now might more suitably call simply a commemo- 
rative volume. This task has been undertaken under the auspices of the 
American Economic Association, by a former President of the American 
Economic Association and one of Professor Clark’s own pupils, who is, I 
am happy to say, with us tonight. Professor Hollander of Johns Hopkins 
has almost ready for the press what we confidently hope will be a dignified 
and appropriate tribute to our beloved colleague. 
The third plan of signalizing this anniversary was what you see here 
tonight, this tribute of esteem and of respect on the part of his colleagues 
and fellow citizens. This at one time gave us no little concern, because 
we knew that it would have been exceedingly easy to have, instead of 
eighty, eight hundred guests. We finally decided that this more intimate 
and, may I say, select assemblage, would be more agreeable to our friend; 
so here we are. In these three special ways his colleagues and his admirers 
have sought to show their appreciation of what he is and of what he 
has done. 
Without detaining you longer, I shall now call upon the speakers, each 
of whom will approach the subject in a little different way. I shall first 
call upon our “benevolent despot.” President Butler. 
Dr. Nicholas Murray Butler 
Mr. Chairman, Professor Clark, My Colleagues and Friends: 
If I interpret correctly the look of seriousness on the face of my dear 
friend and colleague, the president of the Bank of the Manhattan Company,