Timocrats

That Grace Knight Babson, wife of financial prognosticator Roger Ward Babson, conducts a business school, Webber College, for young lady heiresses at Babson Park, Fla., is not news. That for the first time the school will operate for nine months, spending the Fall and Spring terms in Boston with classrooms in the gaudy Hotel Lenox, is news.

At the school the millionheiresses will balance books, study stock-picking, learn to discriminate between a swindle and a sure thing. But, "As it is not the object of Webber College to fit women for secretarial positions, it does not include any form of shorthand writing in its curriculum."

Nearby, Prognosticator Babson (see p. 52) conducts a similar school for rising young men (Babson Institute), who study at businesslike desks, speak their examinations into whirring dictaphones, con Babson graphs, charts, advice sheets. The Babsons may be the unconscious go-betweens in many a happy timocratic union.