The committee assigned to decide the merits of papers offered for the economic prizes given by Messrs. Hart, Schaffner and Marx of Chicago have unanimously agreed upon the following award.
In Class A, a first prize of $1000 was awarded to A. H. Leake, of Eglinton, Canada, Inspector of Technical Education for Ontario, for a paper entitled "Industrial Education, its Problems, Methods and Dangers." A second prize of $500 was awarded to H. E. Smith, Instructor in Economics at Cornell, for a paper on "The United States Federal Internal Tax History from 1861 to 1871."
No papers of Class B were awarded Prizes.
Dean Gay of the Graduate School of Business Administration was one of the judges of the contest.