New York University School of Commerce - Commerce Violet Yearbook (New York, NY)

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1900 1902 1905 1907 1920 1921 1922 1925 1926 1927 1928 1931 1932 1952 1937 1940 1942 1943 HISTORY OF THE SCHOOL OF COMMERCE, ACCOUNTS, AND FINANCE The School of Commerce was founded through the efforts of the New York Society of Public Accountants. Three years of evening work were required for a B.C.S. degree. Alpha Kappa Psi, first commercial professional fraternity, founded on the campus. The first international fraternity, Delta Sigma Pi, was founded on the campus with the express purpose of furthering the principles of commerce being taught by the school. The Graduate School of Business Administration was founded at Wall Street, the Trinity Place building was purchased. Dr. Norris A. Brisco became the first dean of the School of Retailing, the first school of its kind in the country. A memorial tablet to Charles Ezra Sprague, Professor of Accounting in the School from 1900 to 1912, was unveiled in the Commerce lobby. Dean Johnson died, John T. Madden became the new head of the School, which was to attain an enrollment of over 10,000 students and of over 200 faculty members under his leadership. The new School of Commerce building was opened. The B.C.S. degree was liberal- ized by the addition of a full year of cultural courses, a four year curriculum leading to the degree of Bachelor of Science was offered, The Institute of International Finance was founded at the Wall Street Division. The famous owls, now seen atop the School of Commerce entrance and in the Department of Journalism lobby, were taken down from the old New York Herald Building and presented to the School by William T. Dewart, President of the Sun Publishing Company. School of Commerce had more of its students on the National champion N.Y.U. football team than any other school in the University. Freshman Week was inaugurated to give new students an opportunity of becoming orientated to their new environment. Lassman Hall, dedicated to the memory of Alfred Lassman, one of the greatest athletes ever to attend the School of Commerce, was opened where the old North Study Hall was formerly situated. The all-university newspaper was indefinitely suspendedg Commerce Bulletin was established as semi-weekly publication to serve this School. ' Secretarial Studies made a separate department - roused great influx of women into the School. Beginning of Conferences on School Publications, at which the School of Com- merce acts as host to editors and business managers, service inaugurated at School of Commerce. School of Commerce boys went to war, increase in women registration, decrease in men. Quartered soldiers - A.S.T.P. r 14

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HAYWARD JANES HOLBERT, who is Advisor to the Day and Evening Student Organizations, was graduated from the Wharton School of Commerce and Finance in 1926 with a Bachelor of Science degree. He earned his Master of Busi- ness Administration at New York University's Graduate School of Business Administration, and joined the Commercefaculty the same year. In 1940 he was awarded his Doctor of Philos- ophy degree from the School of Education. Professor Holbert has been a big brother to school politicians since 1937, when he was appointed Director of the Day Division. In 1918, Professor Holbert began his business career in the building construction firm of Holbert, Haymond and Hartly, After graduating from Wharton School, he became superin- tendent of road and bridge construction for the West Virginia Engineering and Construction Company. Professor Holbert is a member of the Chancellor's Faculty Committee on War Activities of Student Organizations and he is the advisor to all war effort organizations at the School of Commerce. Professor Holbert is a member of Alpha Phi Sigma, Sigma Eta Phi, Arch and Square, Phi Gamma Delta, and the Man- agement Honorary Society. fm'

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, DEP RTMENTS XACCOUNTING: Founded in 1900, at the fe- quest of the New York State Society of Certified Public Accountants, the Accounting Department of the School of Commerce has steadily grown into one of the most outstanding accounting departments in the country. Courses in Accounting, Law, and Economics were first offered at night, subsequently, a day session was added, the curriculum was enlarged, and the Depart- ment organized mainly for the purpose of training accountants. The acting chairman of the Accounting Department at its inception was Professor William H. Dennis, who was succeeded by Professor john T. Wildman and Dean john T. Madden. The present chairman, Professor Arthur H. Rosenkampff, has served in that capacity since 1922. The faculty mem- bers are all men of wide practical experience. The accounting program is designed primarily in two parts: the elementary courses which give the student a general knowledge of the subject and the advanced courses which prepare the student for the Certified Public Accountant examinations. The practice of pre- senting the last four problems in the Advanced Ac- counting Problem course under actual C. P. A. exam- ination conditions is one of the most recent innovations in the Departments methods. The pre-eminence of the School of Commerce, Accounts, and Finance among collegiate schools of business is largely due to the excellence of the Department of Accounting. Both its world-wide reputation and the highly successful business careers of its many former students testify to the success of the Accounting Department. ARTHUR H. ROSENKAMPFF Cbnirnmn of the Accounting Depnrtnzenl BANKING AND FINANCE: Even before the Banking and Finance Department was organized at the School of Commerce, Accounts, and Finance, Dean Joseph French Johnson, the first Dean of the School, gave a course in corporation finance. Because of increased demands of the student body, an invest- ment course was offered by Frank A. Vanderlif in 1904, real estate, by Philip A. Benson, and insur- ance, by Edward R. Hardy, in 1905g and credit and collection, by David Golieb, in 1913. Dr. Charles W. Gerstenberg headed the Department in 1915 and under his direction a course in Federal taxes was added in 1919. Professor Major B. Foster, formerly of the Economics Department, became chairman of the Banking and Finance Department in 1923. In 1936, real estate courses were removed and given 'a special department of their own, and the tax courses were incorporated with the regular program of the Accounting Department. At present, the Banking and Finance Department includes in its offerings courses in corporation Hnance, credits and collections,.commercial and international banking, investments, security analysis, and insurance. New courses have been developed recently. Life Insurance and Estate Management and a timely course in Financial Policies in Time of National Defense and War. MA JOR B. FOSTER Cbnirnnzn of Banking and Finance Department