Appraiser

"The supreme need of American society is for men who can think," said Thomas Sovereign Gates last year as he retired from partnership in J. P. Morgan & Co. and Drexel & Co. to become 16th president of his alma mater, the University of Pennsylvania.

Taking thought again last week, Tycoon-President Gates at Pennsylvania's annual Class Day and Hey Day ceremonies told his departing senior class: "The world needs men who understand sound political and economic principles, men who can appraise the great ideas that control human affairs and men who possess scientific knowledge."

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