IN MEMORIAM.

On September 24, 1949, Frank D. Graham, Walker Professor of International Finance at Princeton University, at Princeton, New Jersey, died from a fall at Palmer Stadium at the close of the Princeton-Lafayette football game. During the last two decades of his life, Graham was concerned with some of the most difficult problems of recent times--unemployment, monetary stability, and international peace and prosperity. To these formidable tasks he brought an acute intellect, a deep love of truth, great courage in his convictions, and a warm concern for human welfare. Born of American parents in Halifax, Nova Scotia, on January 1, 1890, Graham received an A.B. in 1913 and an as in 1915 from Dalhousie University, and then an A.M. in 1917 and a Ph.D. in 1920 from Harvard University. Graham wrote his doctor's thesis on "International Trade Under Depreciated Paper: United States, 1862-79." Even in this early study, he was too independent and an original thinker. Graham's great critical and analytical powers developed early. Coming to Princeton University as an assistant professor in 1921, he was by the late twenties one of the outstanding graduate teachers on the Princeton campus.