The University As Economic Savior

As higher education replaces industry in some cities, colleges face both support and unrealistic expectations

On a wintry March day in 1932, George Eastman, inventor of rolled film and founder of the Eastman Kodak Company, summoned a trio of witnesses to his home here to view the signing of his revised will. Minutes after the group left, Mr. Eastman, who was ill with a degenerative spinal disorder, shot himself in the heart.

The deathbed revisions made the University of

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