Three University graduates of the department of History, Government, and Economics last year made a clean sweep of the 1925 Hart, Schaffner, and Marx Prize Essay Contest in the undergraduate class, and the second prize of the graduate class was also awarded to a Harvard graduate, it has been announced by the committee of judges headed by J. L. Laughlin '73.

In the Class A contest which is open to anyone, E. B. Schwuist '19 won the second prize of $500 with a study entitled, "Extending Bank Credit in Texas." Schwulst, after graduating from the University in 1919, was a Sheldon Traveling Fellow and since 1922 has been connected with the Federal Reserve Bank of Dallas.

R. P. Cromwell '25 and Alexander Chalufour '25 were awarded first and second prizes respectively in the Class B contest and W. E. Stilwell Jr. '25 was given honorable mention. The essays submitted by the winners started as reports for distinction last year, which were later added to and changed slightly by the contestants.

The first prize of $300 was awarded for Cromwell's essay on "The Theory of International Gold Movements." Chalufour's study entitled "Investment Banking in France" received the second award of $200. Honorable mention was received by Stilwell for his paper on "The Industrial Background of Modern China."