Monday, Jul. 04, 1938
Teacher Recalled
When Lewis H. Brown, president of Johns-Manville Corp., was an undergraduate at the State University of Iowa (class of 1915) he was much impressed by the dean of education, Dr. Walter Albert Jessup, a grave, bulky man who looked uncomfortable in a mortarboard. Dr. Jessup did not stay put. Year after Lewis Brown's graduation he was made president of the university, less because of his brilliance as an educator than his ability for raising money; in 1934 he went East to be president of the Carnegie Foundation for the Advancement of Teaching. Last week Lewis Brown made him one of Johns-Manville's nine directors. Dr. Jessup's job: to represent the public on Johns-Manville's board.
Said Mr. Brown to Dr. Jessup: "No one is more aware than yourself of the profound changes in economic and social thinking that have taken place in this country during the past decade. . . . American business is today confronted . . . with new social responsibilities . . . with new concepts. . . ." The company's principal purpose, Mr. Brown added, would continue to be the making of profits (for 1937: $4,100,909). Observers who have had their eye on Mr. Brown's concern for social responsibilities (TIME, March 21) put Dr. Jessup's appointment down as a well-meaning gesture, waited to see what the practical result, if any, may be.
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