New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-12-06
School of Finance and Commerce, Conducted by New
University for the American Institute Now Using
Ok Even the Imposing Stock Exchange Classroom.

dents in the School of Commerce, but the 5000
men down here cannot go to Washington
Square to take the courses on account of the
time involved in so doing. Though we were
compelled to start at bad time on account OF
business conditions, we have met with support
that was unexpected. because it was so ex-
tremely generous. There is no question but
that we have laid the foundation for per-
manent school and that ultimately we shall
have our own plant to conduct it in. Until
that time comes, however, we shall continue to
use the space generously provided by the vari-
Gus concerns that have taken an interest in the
work. But negotiations for permanent loca-
ton are now going on. Our problem has been
and still is to get rooms large enough to &C
commodate the classes.
"On account of business conditions we have
been obliged to expand more slowly than we
anticipated. We hoped to start all the courses
at the beginning of the college year, but found
that to do so was not feasible under the cir
cumstances.
THE hours for the lectures and Rotations
are admirably adapted to the needs Of the av-
erage employe who works downtown. BY run
ming each class for an hour and three-quarters
we figure that save the greatest amount OF
time, and, taking into account the time lost in
commencing, that one such period is the equiv
alent of two one-hour classes.
FOREIGN TRADE AND SHIPPING TO
BE STUDIED.
"A particularly valuable course that will be
started in the course of the next few days will
be given under the direction of Assistant Pro-
fessor Kennedy, and will deal with foreign
trade and shipping. Professor Kennedy has not
only been assistant professor of economics in
our commercial school, but during the summer
of last year he made an investigation OF the
free ports OF Europe for the Merchants AS
ISOLATION, and during the last summer made
similar investigation of commercial conditions
as they existed in England at the outbreak OF
the war; We will be aided in this course by
number of other lecturers who are authorities
in their separate fields.
Various systems have been considered by
different concerns as to the best way OF allow
ing their employees to take these courses. Some
houses will undoubtedly make them compul-
sorry. Others will make the courses prize to
be won by good work, and will stimulate their
employees through active competition. There
are many different theories as to what means
have the best effect in getting the deserved ap-
probation for work OF this sort, but everybody
seems to be agreed that the employer should
not bear the entire expense. 1t is Impossible 10
bring people to realize the advantages OF tree
education. Unless a man has stake IN the
work his interest is likely to De artihciah Inc
man who would be prevented from taking these
courses by small fee would probably get no
benefit if he did take them"
Prominent men in the financial and educa-
tional world have given their opinions regard
ing the new school According to Chancellor
Elmer E. Brown of New York University its
establishment is a direct proof that every i'm
portant occupation is becoming professional
ICED and is having its scientific bearing worked
out on theoretical and scientific lines.
A MOST IMPORTANT STEP, CHANCEL-
LoR BROWN THINKS.
First of all, I wish to say that / am i'm
mensely pleased that New York University was
selected by the American Institute as an agent
for this idea" said the chancellor 1t MARKS
one of the most important steps that the uni
yersity has recently taken. There is every In
dication tina, the scientific organization OF facts
underlying business will advance rapidly par
ticularly in reference to foreign trade. Hence
it seems to be inevitable that the need Tor sueh
courses as are now being given in Wall Street
will increase as time goes on.
"A large part of the educational problem OF
the present time consists in Intervening the
theoretical with the practical, and the present