The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-10-04
New President Installed as Head
of College of City of
New York.
ADDRESS BY Mr.. CLEVELAND.
Roosevelt Sends Letter-SenatOr
Chauncey VI. Depew and 9th
ers Speak-Institution's
Plans Praised.
REPUBLIC SPECIAL.

~
College OF the City OF New York
worthy crown Of the free school system,
as President Roosevelt said OF it-JOhI
Huston Finley was formally installed a.
president, and the corner stone was LAID
OF the new home OF the college now II
course Of construction on St. Nichola,
Heights. just east Of Amsterdam avenu
and One Hundre n Fortieth street.
Addresses were delivered in Carnegi,
Hall IN the morning by former President
Cleveland. Senator Depew, DoctoF,Arthui
T. Hadley, president OF Yale: Doctor
Nicholas Murray Butler, president Of co,
lumbia; Doctor Jacob Gould Schurman
president OF Cornell: Doctor Ira Remsen
president OF Johns Hopkins; Edward Lau-
terbach. chairman Of the Board OF
Trustees: Professor Adolph Werner. on be
half Of the faculty: ]. Hampden Dougher-
~, for the alumni; Kenneth Groesbeck
for the undergraduates. and q letter OF
congratulaGoa was read from President
Roosevelt
Mayor Low laid the corner stone for The
new building In the afternoon and ad-
dresses were made by him and by Cover
nor Odel, Edward NJ. Shepard, one Of the
trustees; Professor Alfred G. Compton. on
behalf OF the faculty; Charles K Lydeck-
er, for the alumni; Alexander P. Ketch-
UNI. for the city College Club. and by Gen
eraI A. Barnes, commander Of Lafay-
cite Post, No. 40. c. A. r.
In the evening there was a dinner OF the
associate alumni at the Savoy Hotel. at
which addresses were made by Doctor
Finley, members OF the faculty and prom
inent graduates
BROADER OPPORTUNITIES.
In all the addresses the keynote was the
| -.- a--.-.--#W-- - ~. IL. -
demonstrating that no mistake has been
made in breaking away from time-honored
traditions. that institutions
should -confine themselves to elementary,
or, at the most, high school education.
Arrayed IN caps and gowns. the under
graduate body Of students punctuatcd the
speeches by their college cheer and gave
TO their new president an enthusiastic well
come.
Representative of seventy universities
and colleges and men Of national prOmi-
nence were present at all the functions OF
the day. To none Of the speakers did they
give more earnest applause than to the
SAID: 'e9sH u" SO ""en lie
81 believe in a higher education for the
people. / believe in education supported
by the people, and 1 believe in al educa-
ton that has in its purpose the good Of
all the people,
To no address was closer attention paid
than TO that Of Mr.. Cleveland. who in a
S16L - ~
OF the other speakers. He said;
/ awe contemplate to-day the great sew
ice OF usefulness which embehishes the
history Of the College OF the City or New.
York. and we see for its future vastly In
creased facilities and. opportunities. but
our most Inspiring thOfght should be that
the advanced education II imparts- Is free
ly bestowed upon rich and poor alike,
without price OF cost.
How splendidly the American doctrine
Of equal rights and opportunities. even In
the field of education Is Tins Illustrated
and how grandly does this college teach
the vital lesson Of the democracy Of Amer
lean educationi
ALLUsIONs TO WEALTH.
IF times have changed. IL We have out
grown the simplicity Of our early national
life, IL with the growth of abnormal en-
terprises and a mad struggle for wealth
a constant and acute solicitation for the
countrys veal has been somewhat sub
~ordinated. and If in our social and business
life we can see signs OF a cleavage that
may-div1de our people into distinct and
unsE[np9thefic classes we should be
III with these things we also sdIscover-a
movement toward a more general collsgf-
ate education we ought 70 regard Il as ana
other unfavoTable symptom II increasing
learning Is 10 be made. only a mere orna-
mental accompaniment to the unwhole-
some and pitiable o%stentation Of riches
at IS altogether appropriate that the
advantages OF a free collegiate education
offered 10 the youth Of every grade and
condition Of life should be first exhibited
in the metropolis Of our nation. II is
well, too. that such an Institution founded
to educate the poor on entire equality
with the rich should be supported by the
wealth accumulated in the center Of our
country's trade and business, thus Afford
ing a constant denial of the accusations
that the sport OF wealth is the oppression
Of the poor"
LETTER FROM PRESIDENT.
President Roosevelt struck a similar
note IN HIS letter to President Finley.
The day marks a new epoch in the his
tory of the College of the City OF New
York. he said. land It is therefore Of
special and great interest TO all who are
lnterested-as every good American should
be interested-in the cause OF popular edu-
cation. You are now called to preside
over an educational institution which is
the crown OF the public school system of
the greatest state in our Union: an in
stituttou whose existence shows how def
mite has been the decision Of our people
that the State shall aid not only in ele-
but also in higher education.
Education. as given IN the schools and
colleges, cannot of itself At US for good
citizenship. But the lack OF IL would as
suredly render US unit You, and those
associated with you, and those who, in
the tnnumerable other institutions OF
learning throughout the country, are do
ing work similar in kind, II not in degree.
70 yours. an ak make the whole body
polite you debtors"
Senator Depew devoted a large part OF
his address 10 the relations of capital and
labor, and Incidentally paid his respects
to the United States Steel Corporation.
ALLUDEs TO STEEL TRUST.
The beginning of the Twentieth Cen
fury" he said. presents TO Is. new prob
lens. Every period has them. Their solu-
ton is always viewed with doubt and
alarm. Because the intelligence. wisdom
and virtue of the time were not equal TO
its requirements the world was plunged
into the anarchy, age and ignorance
of the Dark Ages. Because of a more uni
versal education and higher and broader
ties and newer n more untried situations
Of the Nineteenth Century have been ad-
mirsoly adjusted to our political, indus
trial and social life. Notwithstanding the
terrific and unprecedented pace of prog
ress.
The student Of Capitalization learns
that the laws Of trade adjust value and
Trey cannot be arbitrarily created or
maintained The most remarkable corpora |
ton ever coated in the volume Of its bonds
and STOCKS, ana the one which has excited
the most discussion, and probably the most
fear, has within the last three months |
had the value OF its securities reduced
f400.0o,Oo. The knife of the legislator
would never have cut so deeply in so
brief q time.
'Only to-day-and the incident illustrates
the diversity Of Interests which occupies
the mind OF the college trustee-one OF
your body whispered to me as we moved
the aisle here that they had cut an
other million away to-day. No matter
how great any one Of these corporations.
no matter how much inflated by its ef-
forts, II Il has not the confidence Of the
people and has not a foundation At for its
support, then just so surely viii
there he.snsautomatie ~shrinkage OF Is Sc
in volume and value. until they
are in the reach OF the humblest OF our
citizens" |