National Association of Scholars Joins Investor in Teeing Up a Critique of Bowdoin

There are worse outcomes to a golf game than a bad score. Based on the proceedings of this past weekend's conference of the National Association of Scholars, Bowdoin College's president, Barry Mills, may be regretting his day on a course three years ago with Thomas D. Klingenstein, a Manhattan investment banker who did not see eye to eye with him on the subject of how liberal-arts colleges should operate.

Mr. Klingenstein, who also is chairman of the Board of Directors of the