APPENDIX F 
189 
may be submitted to the full membership of the association 
for approval or criticism; the progress of such agreement to 
constitute an available subject of annual discussion and report 
in the proceedings of the association, and be it further resolved 
that this general committee may appoint or confirm working 
committees in various departments to conduct the necessary 
correspondence and report partial or preliminary agreements to 
the general committee.* 
An incident of such a concerted movement, as above outlined, 
might be an enthusiast^ equal to or exceeding that of the recent 
Columbus Conference on Taxation, an interest that promises 
to be permanent and increasing. Work of this nature, which 
must of course be a growth, might afford pleasure as well as 
profit, and might readily enlist the interest of those who would 
make of themselves centres of agitation and development in the 
various fields of Capital, Labour, Rent, Wages, Interest, 
Taxation, Population, Production, Distribution, etc. If such 
a race is worth the running, what more appropriate than that 
the American Economic Association should set the pace ? 
It is not expected that agreements like these will be new 
discoveries, but simply old discoveries brought into stronger 
light, formulated, and subjected to continuous correction and 
perfection, through reconciliation of differences and re-state 
ment of old agreements to conform to the latest thought. 
Such an assembly and exposition of essential principles can 
but be of inestimable profit to the student, the teacher, the 
university, and the State, compassing, as it must eventually, 
an accepted body of principles — principles that may be taught 
fearlessly by teachers old and young, experienced or 
inexperienced, leading or led, and with a confidence and 
satisfaction akin to that pervading the domain of exact science. 
On the relatively solid ground of such accepted doctrine the 
* Professors Hollander, Carver, Seager, Fetter and others spoke in approval 
of the plan as presented, Professor Carver expressing the opinion that its adop 
tion would mark a new epoch. At a subsequent business meeting of the 
association the executive committee unanimously recommended, and the 
association adopted, the resolution without dissent.