The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-06-04
THE ADDRESS BY Mr.. DILL
The Trust Receives Prominent Consider
atIon-Ihe Graduates PROSPECTS,.


atIon-The Graduates Prospects.
Outlook for the College Graduate in
America was the subject Of the COM |
mencement address by James B. Dill, the
well known corporation lawyer Of New |
York. He declared that the trust moves |
ment instead Of restricting the field for
educated men and women, opened for
He spoke most hopefully Of the present
outlook for educated women, illustrating
his points with anecdotes drawn from
Wall street experience.
Mr.. Dill asserted that "a college train
Ing is a, contributing element to business
success. Direction of great enterprises
calls for the services Of educated men
and highly trained intelligence is re-
quired to cope with the difficulties of
meeting competition, solving new prob
lens and resisting attacks of rivals
1t Is a common remark among college
undergraduates that the business life is
"sordid" and rather humdrurn. That
view Mr.. Dill sought to correct by sketch
ing the requirements and responsibilities
of the successful man Of large affairs, and
showing the value of the college course
and college life in equipping a young man
to meet those responsibilities. He said.
"A man must be a, good generalist to
become a good specialist, and for this
the best preparation is a well-spent col
lege course.
New Fields Opened.
1.-THE corpora ton movement instead of
crowding men out has opened for them
new fields Of usefulness and has increased
the financial returns for intelligent, con-
centrated effort. 1t has to a large extent
eliminated the prestige of rich mems sons
and ended the career of the Miss Nancy
type. W1deawake corporation managers
know the evils Of having too many sons
and too many sons -in-laws in their en-
ploy. For that reason they discriminate
against official relatives, in favor Of men
without means. unincumbered by inf1u-
ence, who have their own way to make.
From motives Of self interest alone, no
corporation can recognize the pull basis
Of making appointments.
Success as a Test.
Speaking of success he said:
Nothing so severely tests a mans
character as success Preliminary sue
cess is often fatal 1t Is disastrous mis-.
fortune for a $1,000 man to secure q
$4,000 position. There is no short cut
to success without hard work and to the
extent to which your university course
has tended to develop a. character will
your training result in success or fail
ure.
When the trust movement shall hav,
steadied itself, when 1T shall have eradi
Gated wrong tendencies and strengthened
those elements which are right, then 0
the men in charge of great combination
will be required not alone an intimat
knowledge Of the business itself, but tn
training to be derived from a universit
: course.
Some Evils Of Consolidation.
AS to some evils of the consolidation
craze. Mr.. Dill said:
Many amalgamations, formed ostensi
bly, for purposes of mutual protection
have accornplished little else than tIl
unloading of blocks Of indigestible secur
tiles upon q deceived public, which 1
reality was the purpose for which the
were organized.
tSuch combinations never had an ex
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