The sun., 1916-12-05
Anonymous Donor Says Col
lege Graduates Lack Bust
ness knowledge.
HOME FOR NEW SCHOOL
Commercial Institution to Be
Built at Broadway and
116th street.

S>Shy
The trustees made public a letter from
the donor. VINO wishes to have his name
kept secret, to President Nicholas Muir
ray Butler. 10 which he says the reason
for making the gift IL that college grad
yates seldom have any knowledge OF
business methods and therefore are
Handicapped at the beginning Of their
life work.
The new building will be constructed
at the northeast corner OF Broadway
and liSth street. opposite the Pulitzer
school Of Journalism. and on a site now
occupied in part by the Faculty Club.
n Of the last surviving relics Of the
old Bloominsdale Asylum, which ecu
pied M~orninss,de Heights before Column
bias removal there In 1897.
II IL planned to have the new building
ready for occupancy in the summer
session Of 1918. Before anything can
be done. however. suitable quarters Will
have 10 be obtained for the Faculty
club. A new building for the club would
cost S276. 900, but that much money ID
not available for such a purpose at TINS
time. 1t 10 probable the present cluo
building will be moved to n site directly
In front OF the school Of mines building
Me- s~t,ucture 70 he CommOdious.
The new school Of business building
will be Of the same height ana generas
architectural style as the schooi Oh
journalism, on the opposite corner
Already the school OF business mas
.rroi,ed 200 students despite the Tact
mat instruction was given for the nrs'
time In September. The addition OF TINS
large number of students to the UNI
yersity enrolment over and above the
.reat growth of other departments nah
placed the present buildings under a
strain which overtaxes their capaclty'
The school is headed BY Prof. r. c. Nc
Crea. formerly dean OF the Wnarton
school OF the University OF fennsSi'
vania. ..,
NJ the trustees meeting YESTERDAY 10.
tailed S1l.s25. The largest individual
contribution was from George L. raves,
who gave 5000 toward the mediea'
school removal and rebuilding iuha.
rhe ROYAL Netherlands Government
gave >,.sov TO- 1aI6-1
queen Wilheih'''& $500 - q, mr.
"a uroyide the stipend for the Marcus
Uaiy s~cholarship. Another gift or Sl,oo0
was received from Robert h. Mont
xomery for . prize In the school OF busi'
ness.
Meas
Letter from
The, letter to DR.. Butler from the
November ~. 1915.
MY DEAR DOCTOR nuILkk. o,,
Please paroon ," 49, ~ NOR.
I'm but 1 desire W %,
explc't terWs' " "
rent correspondence ~ 80" o"n.
'Ihe Business Se"oon y. u,LIns
template en!sisn"s s'saas =, Co,um,
OF II one OF ,ne '"a'oi
bia university. ,,,
FOR more ,hah .n.Iu ..,,h III,
nave peen s'rons'' eo1 ~, svr,
necessity LOT sueh d seno1n ~ i
pathy mas zone gu. " 80 ,he, n,har
ieges. VINO are smore c''e" - =
must. therefore, promptly see" e"p'''
ment.
They quickly discover ,ha'' ~ni'e '"e,
couptiess nave u soou tou'ua,o ~,
a knowledge th"t may y. ~.
the ruture' yet LOT 'ne p,ee,,en ..'
Possess nc k"osI.uss ~ IN, -
marketapie. or Desired ny eHnp'o.e.s.
WIN exaited IDEAS VI IHe .no an
bilious desires LOT the tuture' 'ney ar
stu unable 10 op'ain such smp'o'Ih me"
as Is essent'ai 10 ptoVloe Ioou a"u clo,n
Ing sufncient TOT the'r coIhIor.' y eve
Tor their existence without ass's'""c
from friends.
Needs Of Professio""i Men.
..Eor many vears 7 have urged upo,
mo men controlling educational institu
lions the dos,rabIli,y and necessity 70
a praneh OF s.uay s"ay Mou.u sm"
of men who must follow a bushes
career. to every man who can have
profession. Again: The professions
man, in a large majority Of cases, espe
cially engineers, will look forward
the time when he can employ profes
SIGNALS. or 10 tn, time when his succes
In his profession will place him In tn
management of a large property. Bu
II he has no knowledge Of busines.
especially a knowledge Of accounting
how can he expect TO direct other
Who possess such knowledge
"scores Of times during the last thlr
NJ a century have / had Young eng
neers. fresh from college. apply 10 m
for cmn,oyment and almost inyariabl
,hev hav. stated that the amount ~ IN
salary was a secondary consideration
that .h.,r de,,re was IN get emnIo,
men, with our company. where the
vou,d have nrosnects OF eycntual
reaching the nositiop of a a
one of our properties. 7 generally aske