Visitor of the Month

Beardsley Ruml '15, chairman of the Federal Reserve Bank of New York, treasurer of R. H. Macy and Cos., and best known as the author of the Ruml pay-as-you-go tax plan, returned to Dartmouth on March 13 to give a public address on "Your Money After the War."

The largest lecture audience of the year heard Mr. Ruml, in genial and expansive form, call for a large and immediate reduction of taxes after the war, as a restorative of peacetime demand and prosperity. He smoothed away the audience's fears with the statement that a national debt of 300 billions was not a major worry, and thought that postwar concern should be directed instead to the maintenance of a high level of employment, which he described as the best form of social security. Along with tax reduction, Mr. Ruml asserted, a public works program should be devised to supplement and level out the private construction industry.

BEARDSLEY RUML '15