The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1913-06-14
REAL BUSINESS
WILL BE TAUGHT
IN UNIVERSITY
Twenty-Five Hundred Men and
Women To BE Practically +
Instructed
BUSINESS MEN INVITED
TO LEND ASSISTANCE
Diplomas In the Shape of "Certi-
ficates of Commerce" For
the Graduates

| MINNEAPOLIS.-A new departure
In university extension IL to be un-
dertaken at the University of Mime
sofa in the fall Twenty-Five bankers
and business men are to form an adj
visory committee which will direct l..
900 to 800 persons. men and women.
In Minneapolis and an equal number
In st. Paul. or $500 in all, in acQuir-
ing knowledge that will lead to great
er efficiency and more rapid advance
ment. The banks. manufacturing es-
Establishments and Wholesale and retail
stores will be the laboratories for
practical application of the teaching
in night classes.
| The practical business extension
course is patterned on those Of the
New York University School Of Com
merce and Northwestern university.
but il intended to be more elaborate
than either.
| Prof Charles H. Preston OF the eco
homie department has sent out letters
inviting various business men to take
part In the formation Of the school
and arrangement of courses. The
courses will lead to Certificates In
commerce" showing that the student
has received the professional training
which mooern business requires.
Accounting, commercial law. money.
banking and finance, stocks. bonds and
investments, economic resources and
foreign trade. taxation and economic
problems, public relation OF business,
Industrial organization and business
administration. psychology OF bust
ness. advertising and salesmanship,
FIRE and life insurance, merchandising.
transportation, publishing and real es-
tate are some Of the courses cOntem-
plated. A special feature Of the course
In merchandising will be series or
pictures by experienced business men.
The accounting department will be
under the direct supervision OF the
Minnesota Society of Public Account
ing The work in commercial law Will
be led by prominent attorneys. The
finance department, aside from bank
ing, study OF credits and basis OF valu-
atoms, involving thorough course In
the American monetary system, will
also give a course In corporation or
ganiaztion and marketing Of securi-
ties. study OF resources and lead
ing industries Of different countries.
trade conditions arising out OF GER
tain systems. concentration OF Indus
try and development Of industrial
classes, with the shops and marts OF
Minneapolis as basis, will be made
ny experts under direction OF the uni
versity faculty and advisory commit
tee
| Under the department Of public re-
laticns OF business the field work will
involve a consideration Of the way In
which business comes in contact with
the community and the government.
TIE relation OF large business con-
ccrns to the city, state and nation will
: he studied. along with civic functions
of commercial bodies. such as associa-
/ tons of commerce. commercial clubs
and boards OF trade.
Other topics under the department
are the government as regulator or
busiress: the holding and transmits
sion of property; regulation Of danger
oIs and offensive trades; regulation
OF traffic In streets. OF corporate or
carnations. finance and commerce;
regulation Of public service utilities
end the effect Of public service indus
tries on a city or state. A critical dis
cussion, by experts. will be offered on
the object, efficiency and general pol
| icy OF public regulation.
The psychology OF business course
will provide for a comprehensive
study OF the human and personal ele-
ments in business. Advertising and
selesmanship will be studied as single
branches OF business organization.