The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1922-03-02
THE SCHOOL OF HARD KNOCKS
Is PASSING


only educational institution open to
the young man OF twenty years ago
who desired to matriculate in business.
laccording to Dean Joseph French
Johnson of the New York University
School OF Commerce. But the Andrew
Carnegies, the Marshall Fields. the
Phil Armours and the James j. Hills
of the future, declares Dean Johnson,
even though they start life as office
boys and clerks, will have had in their
youth or early manhood the kind OF
training which is given by such
Schools of Commerce as that now es-
tablished in New York University,
Harvard and a few other Universi-
| ties.
'"The time is near" declared Dean
Johnson at a dinner in celebration OF
his twenty years of service with New
York University given by the $500
graduates OF his classes, most OF them
now New York business men, when
our leading bankers will be the gradu-
ates of university schools of commerce
and when the appointment OF an I'M
trained man to membership on the
Federal Reserve Board at Washing
ton will be as unlikely as the elevation
| of a shyster lawyer to a scat in the
supreme court of the United States.
A banker will then be thought of as
professional man as today we think
of the lawyer, the physician. the archi-
tect, the engineer, the certified public
accountant Other business callings
viii also be gradually lifted to pro-
fessional status, such as advertising
insurance, management, industrial en-
cheering, Journalism, secretaryships,
of chambers of commerce, brokerage,
Especially in investment securities,
railroad and steamship transportation,
and / am also inclined to include book
publishing, merchandising, the man
iagement of large hotels and restau-
lrants, city management, and the con-
duct of the multiform business activi-
ties of the nation, the state and the
municipality"
One of the great handicaps confront
Ing university schools of commerce,
said the Dean, has been that uniyer-
stiles in their search for teachers have
had to compete with big business for
4 the services OF SuCn Ifloil.
THE best teachers OF such a facul-
lty," he said are constantly tempted
by the offer of salaries in business
positions many times larger than the
university can afford to pay. This
doubtless will always be the case, but
schools of commerce in the future will
not suffer greatly from the dearth OF
good teachers. There are men who
love the science underlying commerce,
| just as there are men who love the
natural sciences, and many of these
men love to teach. Such men are and
always will be, our best teachers"
| Dean Johnson said that when he
first began teaching at New York Uni
versity, the functions of a school OF
commerce were so poorly understood
THAT his old classmate at Harvard
asked him what kind of a business
college" he was teaching in. A few
years later, however Harvard itself
established it's graduate school of bus
mess administration.
eThe knowledge is gradually gaining
ground" concluded the Dean, that the
University of commerce, both in New
Ii ..rk University and in other univer-
sites, is aiming not primarily to show
! yoI tg men how to make money, but TO
make men so thoroughly understand
the laws governing business that soci-
ETY. as a whole will be benefited. The
primary aim OF the agricultural col
Ilege is not merely to make its gradu-
ates scientific and successful farmers,
but to increase the country's crops, to
kill the pests which now make farm
ing a most uncertain occupation, to
put science into agriculture and make
lit real art and not merely gamble
between soil and climate. Our schools
Of medicine have as their ultimate
goal not merely the cure of disease,
but the prevention of disease, and in
the last twenty years, by the aid of
the Roentgen Ray and the microscope,
they have made giant strides toward
that goal. The high aim of our vet
Urinary colleges is the safeguarding
of large part of the county's food
supply and IL is the high aim of our
colleges OF arts and science to see that
society shall be enabled by knowledge
of what is choicest in the culture and
lea, ming of all time.
In like manner, university schools
of commerce are actuated by a fne
ideal of social service. They seek not
merely to equip their students for Sue
cess in business, but by the instruc
tons they give. by their bureaus %
business research and through the sr!-
entihc and impartial Investigations OF
m emb ers of their faculties, to put all
business on scientific basis, lessen
poverty and unemployment, destroy
the germs of panic and depression,
and promote the happiness and well
fare of all the people