New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-09-29
JAP4N'S SHREWD DEAL.
Dean johnson So Characteraes
Peace at n. Y. Z.

The opening exercises Of tbs New-York Uni
versity School of Commerce, Accounts and
Finance took place last evening in the Unfver-
sity Building at Washington Square Three
hundred students are expected. an increase OF
30 per cent over last year Fifty students are
entered in the special evening course in real
estate and twenty-five in the course in actu-
ariaI science. A day school has been estap-
Hshed this year, and about fifteen students
have been enrolled in the freshman class. The
following faculty announcements were made
DR.. Thomas W. Mitchell. called from the Uni
versity of Pennsylvania TO be assistant profess
SCR Of finance and accounts and secretary of
the faculty, succeeding Professor Henry Ray
mond Hussey who has taken the chair of eco
Monies at Bryn Mawr College; George E. Allen.
assistant professor of business practice; Wal
ter Lindner. lecturer in realty course; Frank
A Vanderlip, lecturer on investments. W H.
Tough. jr- lecturer on railway transportation
and traffic. and NJ. NJ. Dawson, Henry NOR
and c. W Johnson, lecturers on actuarial
science.
Addresses were made by Chancellor Mac
Cracker and Dean Johnson. Dean Johnson
after discussing the changes made in the cur
riculum of the school, briefly reviewed inpor-
tant events of the last twelve months He
said:
There are TWO things about which university
students Of commerce and finance should not be in
doubt one IS a pleasant topfc-lt is the peace
happily and wisely consunIaated N this country
between Japan and Russia; the other leaves a bad
taste in the nouth-it is the revelation OF devious
and original methods recently adopted In the world
of high finance
1t IS commonly assumed that Japan made great
concession, real sacrifice, when she abandoned
her claim for q indemnity. That is mistake
Japan closed a shrewd bargain al Portsmouth If
and had decided continue the war because OF Its
refusal she would have expended during the next
year S4O0 900 600 the further prosecution Of the
and a. the end even though lieT army pushed
forward triumphant, the possible fruits OF victory
would have been greater than they are to-day,
for her enemy. the Russia of Europe would stiN
have haert baVond her reach. Japan has taken in
Asia all that was worth buying with blood or
money.
in favor of peace-her so-called Sacrihce-has vi
taIized several billion dollars worth of capital n
every great BANK IN EUROPE, Ms e1eiS wt-eLe sH
nerve to halting enterprise. Japan, IN common
with all countries Will reap tIe DeheiiL IhsISau
OF maintaining an expensive army IN the Ileldt hcr
pe0Dle will now devote all their strength to the
pursuits Of peace and il is exasgeraton TO say
that japan will be billion dollars rlcf.er d year
from to-day than she would have been had the
Cncerninq, the other Observation-Disclosures in the
NOT going to say much. In the first place there Is
no evidence yet hand Warranting pesSiHll5In WIN
frtegritv In our world of business and finance
Certain trustees may have abused their trust and
vape ~ assuming on that account that all our great
captains Of industry and nuanGe are Lloi - 10
hooters We must beware, In other words. OF max
ing a sweeping induction on the oiSLs u = ~"
facts we have no right as many men are dolnb
TO-DAY 10 make snap Judgments as TO the motives
TO- ~ I,r1r-- them We do something worse than
tTgt when ne make sweeping charges against
nresert business methods and morality and do not
u~a t4nd 70 weaken the character or every young
man In the COUNTY,