Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: THE VERDICT OF COLLEGE AND UNIVERSITY PROFESSORS In general, I trust the Carnegie Foundation, and I am not able to say in what respect the insurance plan could be better. It seems to me we should be prepared to cooperate, unless a fairer nd safer plan is offered us. I Have a reasonable degree of confidence that jf I live a few years more I shall receive the expected pension from the Carnegie Foundation; but I have never based my own conduct on this expectation. I have never thought that I had a claim against the foundation. And in general, I believe life is happier if, without pusillanimity, claims are not unduly exaggerated and unduly pressed, as seems to me to be the case with those professors whose voices are just now most loudly heard. Let the professor, like the shoemaker, stick to his business. Personally I am satisfied with the scheme worked out by the Carnegie Foundation. What f. believe to be an open-minded and efficient effort at service has been far too much the subject of Attack by individuals who can easily avoid having anything to do with its benefactions. On the other hand, I fully agree with you that other ! 1 Extracts from all letters received subsequent to those printed in the article on "The 'Policies' of the Carnegie Company.'' insurance schemes should be seriously studied by college men. You have again keenly analyzed an important situation and as usual made a fundamental contribution to the solution of the problem created by it. I Consider the Carnegie pension in the light of back pay for the older teachers. The insurance and annuity company may be a good investment for the younger teachers. I Am not an expert in actuarial science and can therefore offer no useful comments. I Am not prepared to express" an opinion at the present time r...