Sprague Dies at 80; Was Monetary Expert

Oliver M. W. Sprague '94, Edmund Cogswell Converse Professor of Banking and Finance, Emeritus, died yesterday after a long illness He was 80.

A member of the Business School faculty for 43 years, Sprague taught there until his retirement in 1941.

An internationally known monetary authority, he was chief advisor to the Bank of England from 1930 to 1933 and was executive assistant to the Secretary of the Treasury in the early months of the Roosevelt administration.

At various times he was advisor to the German Republic's Reichsbank, the Bank of France, and the League of Nations.

For three years he taught at the Imperial University in Tokyo.