New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-11-07
HALF MILLION GIFT FOR
COLLEGE OF COMMERCE
Pledged to Further Chambers
Educational PIan-Name of
Giver Withheld.
100000 ALREADY RAISED
Proposed Building To Be Erect.
ed at 23d Street and Licking
ton Avenue Is to Contain
Civic Museum.

| The plan Of founding a city College OF
! Commerce received fresh impetus yester-
day. when it was announced at a meet
ing Of the Chamber OF Commerce that a
member of the chamber had offered TO
provide $4,000 for a building.
The offer Is made with the provision
that the $4,000 already raised for the
college shall be devoted 10 installing a
commercial and civic museum in the pro
posed building. and that the city shall
enter into contract with The Chamber
OF Commerce TO provide for the annual
support OF the college and the museum.
No difficulty is anticipated in obtaining
the agreement of the city and the Cham
her Of Commerce to these provisions. The
name of the man who made the offer has
been withheld for the present at his re-
quest There was much speculation
among the members az to his identity.
Most OF them seemed 10 believe that 1t
was Jacob II. Schiff.
Color was lent TO this rumor later in
the day by the remark Of Mortimer L..
Schifr, who said: Nobody on the COM
n,ittee knows the name OF the man eX-
cept myself. / have promised not to tell
until the adoption OF the plan Is definitely
assured"
Mortimer Schiff was recently made
chairman Of the Chamber OF Commerce 8
committee on commercial education, ana
he read the report yesterday In when
the 500 900 gift was announced. Jacob u.
schiff. when asked whether he was the
man who had promised the money. said
with a smile: why, my son won't tell
me the name OF the man
If the plan goes through the site OF
the College of Commerce will be at "a
street and Lexington avenue. where the
City College formerly was situated.
1t is planned that the college shall be
governed by n board OF trustees, to DO
elected jointly by the trustees OF the COL
lege OF the City Of New York and the
Chamber Of Commerce.
The report of the chambers committee
on commercial education, which was pre-
scented yesterday says that leading edu-
Gators throughout the country haFo
agreed that an institution OF the coIesi-
ate type for commercial study Is one OF
the prime necessities OF New YORK. IL
has been pointed out that this country
is far behind Germany In such institu-
lions. The report continues:
THE college should. furthermore pro-
Vide continuation and evening classes
with well arranged and self-contained
courses. available for those young men
who are already employed, but who &C.
sire TO extend their knowledge OF CON-
mercial subjects. To the end that the
greatest benefit might be secured from
this department OF the work the co-o''
Grafton Of the merchants OF this CITY
should be secured. so that they WouId
not only readily permit but actively en-
courage their younger employees to MAKE
use OF the facilities thus extended. MSch
impetus would be given TO the Work OF
the college and It's diplomas and cert'h-
Gates would be made more valuable II
the members OF the Chamber Of COM
nerce would agree to give preference IN
enplovnent TO young men holding sucE
diplomas or certificates. II is the hope
OF the committee on commercial educa'
ton that II and when the college Is estap-
Iished the chamber may place itself on
record 10 that effect