Valuation: Measuring and Managing the Value of Companies

Question

Charles McCarthy was Chief of the Wisconsin Legislative Reference Department, and the bibliography lists recent Wisconsin laws. How might his professional role and the specific legislative topics referenced in the appendix indicate the practical, applied nature of "The Wisconsin Idea"?

Synthesized answer

Charles McCarthy's professional role as Chief of the Wisconsin Legislative Reference Department, where he was "constantly in touch with the legislation of this state" [4], directly indicates the practical, applied nature of "The Wisconsin Idea." His department was "besieged by newspaper writers" and "called upon to answer many questions concerning particular laws or underlying principles" [4]. McCarthy wrote his book primarily to answer these inquiries from legislative leaders and reformers in other states who were seeking "information on what has been done" in Wisconsin [2].

The specific legislative topics referenced in the appendix, such as banking laws, child labor, civil service, commission government, corrupt practices, industrial commission, and industrial education [1], demonstrate that "The Wisconsin Idea" involved the creation and implementation of concrete laws addressing societal issues. The passage explicitly states that McCarthy "shows how Wisconsin has proceeded in specific instances to accomplish specific results" [2], and that the legislation selected "shows most clearly the fundamentals of the Wisconsin idea" [3]. This focus on tangible laws and their practical…

Synthesized from the book passages below. Chat with the book on Feynman for follow-up.

From the book

← Conclusion The Wisconsin Idea by Charles McCarthy Bibliography Initiative and Referendum Resolution → 3941943 The Wisconsin Idea — Bibliography Charles McCarthy ​ APPENDIX BIBLIOGRAPHY Banking . Banking laws of Wisconsin governing state banks, mutual savings banks, trust company banks. Madison, 1911. 53 p. Apply to Bank commissioner, Madison, Wis. Child labor . Child labor and hours of labor for women. (Wisconsin laws.) 1911. 12p. Issued by Industrial commission, Madison, Wis. Civil service . Civil service law of Wisconsin is not printed in pamphlet form, but may be found in the latest…
Passage [4]
sconsin there has been a successful effort to redeem the promises by performances, and to reduce theories into practice. In consequence legislative leaders and reformers pushing legislation in other states write by the hundred to the men in power in Wisconsin asking for information on what has been done. Mr. McCarthy, the chief of the Legislative Reference Library of the Free Library Commission, has written this book primarily to answer such inquiries. His purpose is to ​ make the book of real service to good government, and this purpose, in my judgment, he has admirably fulfilled. It is a…
Passage [504]
← The Law and Economic Progress The Wisconsin Idea by Charles McCarthy Conclusion Bibliography → 3941940 The Wisconsin Idea — Conclusion Charles McCarthy ​ CHAPTER X Conclusion The legislation discussed thus far in this little book has been selected because it shows most clearly the fundamentals of the Wisconsin idea. To describe all the laws which have been passed, their significance, enforcing devices and administrative features would necessitate a large volume, hence only the general trend of legislation has been considered. The session of 1911 was perhaps the most remarkable session ever…
Passage [32]
← Introduction The Wisconsin Idea by Charles McCarthy Preface The Reason for It → 3905808 The Wisconsin Idea — Preface Charles McCarthy ​ PREFACE In my capacity as legislative librarian for over ten years in the state of Wisconsin, I have been constantly in touch with the legislation of this state, which now seems to be attracting some little attention throughout the country. The legislative reference department has been besieged by newspaper writers who come here to use the files and records. The recent magazines have contained considerable literature relating to the constructive nature of…
Passage [516]
← Bibliography The Wisconsin Idea by Charles McCarthy Initiative and Referendum Resolution Men serving both University and State for 1910-11 → 3941954 The Wisconsin Idea — Initiative and Referendum Resolution Charles McCarthy ​ INITIATIVE AND REFERENDUM RESOLUTION Joint Resolution No. 74, Laws of 1911 To amend section 1, of article IV of the constitution, to give to the people the power to propose laws and to enact or reject the same at the polls, and to approve or reject at the polls any act of the legislature; and to create section 3, of article XII of the constitution, providing for the…
Passage [494]

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