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APPENDIX 
literature. There it will remain, conferring a lasting lustre upon American 
scholarship. 
We honor Professor Clark also as the prophet of a more human and a 
more optimistic economics. In his twenties, when young men can see 
visions, he saw with his spiritual eye a finer, happier world, and in his 
Philosophy of Wealth he voiced his vision in a philosophy of optimism. 
Things have not moved exactly in the way, or perhaps to the degree that 
he then forecast them. Competition has not disappeared in the degree 
that his fancy pictured, nor did cooperation as a method of industry to 
that degree come to take its place. “A man’s reach should exceed his 
grasp, or what’s a heaven for?” But by and large, things have moved as 
Clark’s prophetic eye saw they would ; and he, more than any other man in 
America, I venture to say, has helped to transform economics from a 
dismal science into a philosophy of human welfare. 
Finally, we honor Professor Clark as a man and as a friend, unpretentious, 
sincere, loyal, clear of vision, helpful to all those about him. It might be 
said of him as of the sage of Grand Pré, “Ripe in wisdom is he, and 
patient and simple and childlike.” His clear counsel has directed many 
young men upon the right roads of scholarship, and along the right lines 
of life. In him we find the finest embodiment of the spirit of scholarship. 
In him we find the best fruition of that branch of philosophy which con- 
cerns itself with human happiness. So, dear friend, on behalf of the 
economic fraternity, I greet you. May you live long to enjoy the honors 
that you have so justly earned in the esteem of your fellow men, and the 
affection of your colleagues one and all in the economic profession. 
The Chairman 
We have heard much tonight of the various achievements of our guest. 
[ fancy that if we were to ask him of what, on the whole, with all his 
modesty he is most proud, he would count, as I should count, his main 
achievement the fact that he has been responsible for the brilliant son who 
is with us tonight, and who is carrying still further into unknown regions 
the flag which his father in his day so successfully unfurled. 
Before I call upon our “birthday child” to say a few words in response, 
[ am sure that you all wish for him a happy recollection of this dis- 
tinguished evening, and that we bespeak for him a continuance for many 
a year of that health and happiness, mental and physical, which it has been 
his good fortune to enjoy for all these decades. I therefore ask you all to 
rise and to drink to Professor Clark, from what it is only possible for us 
to do tonight, the clear water of affection, of veneration, of love and of 
expectation for the future. 
Professor John Bates Clark 
Mr. Chairman, Mr. President and Friends: 
I think that if I should chance to find in any quarter of the city a