Eli Heckscher
Heckscher was born in Stockholm, son of the Jewish Danish-born businessman Isidor Heckscher and his spouse Rosa Meyer, and completed his secondary education there in 1897. He studied at Uppsala University and Gothenburg University, completing his PhD in Uppsala in 1907. He was professor of Political economy and Statistics at the Stockholm School of Economics from 1909 until 1919, when he exchanged that chair for a research professorship in economic history, finally retiring as emeritus professor in 1945. In 1929 Heckscher founded the Institute for Economic History Research.
Elijah C. Hutchinson
Hutchinson was born in the Windsor section of what is now Robbinsville Township, New Jersey on August 7, 1855. He attended the public schools and Riders Business College in Trenton, New Jersey. He became a merchant miller in Hamilton Township, Mercer County, New Jersey and was interested in banking and in the manufacture of fertilizer. He served as township clerk for three years. Hutchinson was a member of the New Jersey General Assembly in 1895 and 1896, and served in the New Jersey Senate from 1899 to 1904 and was president of that body in 1903. He served as state road commissioner from 1905 to 1908.