The daily morning journal and courier., 1899-11-16

zens of New Haven, where the great
 university he has the honor to repre-
 sent is situated, we are naturally in- | terested in his success and welfare NJ but when she selects from among all
 those who might be deemed competent | to occupy that high and distinguished | office, not alone a native born citizen
 of New Haven, but moreover a fellow
 member of our chamber, we may be
 pardoned if we, as members thereof,
 and in this fact occasion to express
 the sentiments of pride we feel there
 al.
 It is but fitting that chamber of 1 commerce should honor him in his
 success. We recognize in him, as some
 one has said, the type of the modern | college president--one who combines
 the executive abilities of the business man with the talents of the scholar 1 and the educator. Before he had be-
 come President Hadley the commer-
 cial world knew of his existence. His l ever clearness of ideas, his concentra-
 tion of thought, his logical treatment | of the difficult questions of political l and social economy, have long since earned for him a reputation in the | world of commerce and finance. We see in him one who, although i young in years, is mature in judgment; | one who though progressive, is yet | conservative; one who possesses the | rare gift of not only evolving theory, but of working practically and one who might easily be at home either in the class room in the counting house, or In the directory of a great corpora ton.
 When the fellows of the corporation of Yale university looked about them to find man competent in all respects to fill the place occupied by his wor- thy predecessor and one equal to the many duties now imposed upon the executive head of that great institu- ton, it found that the one man that came nearest to meeting the require ments of their ideal was Professor Arthur Twining Hadley, one of It's fla vorite sons
 And now President Hadley, in be- half of the chamber I tender you it's heartiest congratulations. That time will prove the wisdom of your selec- tion I am confident and that under your wise counsel and guidance the great university will continue to grow and to expand, I have no doubt, May you life be spared for many years yet to come, that Yale and our coun- try may have the full benefit of your many and varied talents
 And now, gentlemen of the chamber, I take great pleasure in introducing to you our honored guest of this evening, President Arthur Twining Hadley, -l,,, +a | .p l. University"
 When President Hadley arose to speak he was greeted with prolonged cheering and applause. A song begin ming Here's to Dr. Hadley, Drink her Down was sung to the tune of Bin | go," President Hadley in beginning his address said that it was indeed a | great pleasure to him to observe such | sympathy upon taking up the responsi- | bilities and duties of a trying position | and that of all the sympathy extended | to him none was so helpful as that from l those with whom he had lived for more | than forty years. Of all the congratu- | lations which he had received none l he valued more than this from his old | est and longest friends. To speak on | the subject Yale University" was a | hard thing to do. The friends in Har- | yard might say that it was so bad that l like charity, it covers a multitude of | things In addressing the Chamber of l Commerce of New Haven it seemed fit | ting to speak of the relation of the uni- versity to commerce and to New Haven. Among all the universities of the coun- try there was none he believed, which on the whole have so kept in touch with the business world and which has got so much from commerce and has given so much to it as has Yaie. Yale owed her birth to commerce. He re- membered when he visited the tomb of Elihu Yale and saw engraved on the stone there an inscription stating that | I1lihu Yale was noted for being the in- ventor of auctions. From that time on Yale had been in touch with the com mercial enterprises of the country. There was indeed time when it seem- ed as though our colleges were to de- generate into schools for professional men, but year after year one of the things had been that Yale was a school for business men. It is place of training for men of business. Yale was the first college in
 
 tize and introduce a course of study in political economy Yale was the first to recognize the modern development in the political life of the nation. This does not mean that she has taught stu dents facts as to how business is con- ducted. Methods change so that was mpracticable. Nor does it mean the other extreme, the teaching of theories. hot lrar, te. < l should look on the business of the con- nunity as living study of the first importance to be compared with the 1 business of other nations and other ages and be made a glorious part of he history of the world. It means that hey should understand the moral oasis on which modern business is lone. The work of money making.
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