New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-12-06

school for business men in the business dis
trict gives an admirable opportunity for full CO.
operation. The university becomes the educa-
tonal side Of the business district and the bust
ness and financial worlds act as the practical
side of the university The Wall Street school
thus represents definite educational idea
at is, moreover, an idea and programme
that can only be carried out in a great city
New York University takes particular pride in
its name, which connects it in peculiar way
with the interests of this city. 1t aims to make
the City of New York its laboratory depart
ment and to make of itself an educational
agent--as it were, a scientific branch-of the
city, meaning by the city not only the munich
pal organization, but also the whole CONNER
cial and industrial organization.
Our new undertaking, as made possible By
the American Institute, has met with hearty
cooperation on every side. Many of the COM
mercial houses that have organized private
courses have been particularly cordial, and the
university authorities have been greatly
couraged by the extent and warmth of their ap-
probation"
EXPECTS SCHEME TO BE OF BENEFIT
TO EMPLOYERS.
Professor ]. w. jerks, of New York Uni
versity, who has been regularly consulted by
the organizers Of the school, said that Il was
bound to result in an increase in efficiency of
the employees attending it that would ultimately
lead to increased salaries or promotion, as well
as TO a greater satisfaction from doing their
work well.
There are two ways in which the employer
will make use of this school," he said. The
first will be to make note of such men as have
the ambition to take the courses; the second
will be to use the school and its teachers as
intelligence bureau to supply men for special
lied work. 1 do not believe that the courses
should be compulsory or that the fees should
be met by the employer. 1t is advisable in my
opinion to encourage the men to go and even
to pay part OF their expenses but inadvisable
to compel them to attend or to pay all of their
fees could give specific illustrations OF en-
ployers who had sent men to schools OF COM
merce and paid their way and then were dis
satisfied with the results. On the other hand,
where a man pays part of the fee himself the
gift OF the rest is a stimulus and not whip. l
have never in my twenty-five years experience
had such eager, stimulating classes as those OF
Young business men that am teaching now in
the university's school of commerce, who are
largely paying their own way and making sac.
rifces to get the training. From everything
that I have seen il is a general rule that the
men who are working their way through col
lege or professional school are the best men
and the ones who have the most practical in
sight into the subjects that they are studying"
SUPPLY OF SKILLED MEN WILL NOT
EXCEED DEMAND.
In answer to question if he did not think
that the new school would result in far greater
benefit TO the employer than the cmploye, and
later result in a better grade of work for the
same paw when such training becomes more
universal. Professor jerks declared that there
would always be need in prominent places OF
we'll trained men of intelligence.
There are too many fools in the world for
us to fear a higher average OF training, he
declared. "and il has always been the rule
that where increased efficiency lay in the man
himself and not in machinery. the benefit
was divided between the employer and the
employe. When the improvement has taken
place in the machinery alone. the man is not
nearly so likely TO get the benefit. When
man feels the improvement to be within him.
self. he is better able to demand an increased
recompense for his work, and the employers
sense Of justice makes him prone to yield
II is shown that it pays to pay well in the
right quarters and to give fair wage in pro-
portion to efficiency.
William c. Van Antwerp, OF the Stock Ex-
change, said that many Of his fellow men,