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

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li. KILDUFF I'ruf1'.vxnr Hll.YiIll'.Y.Y linglixlz F. lf. RIUNTZ l'mf1'.v.wr lironmnifs R. RODGICRS l'mf1'.v.mr Ifmzkiug 'l'. LANG I'rufr.v.mr' .'I1'l'1J1llIlfIlg G. D. l'l.UNKli'l'T Professor Finance P. 0. BADCICR X I'mfz'x.wr Ala rl: 1' ting , W 'S M. NADLER W I'mf1'.v.wr I-'immcc KI . H. BONNI-IVILLIC l'rnfc'.vsur f'fllI!'l'ilH.V l'xfllllIlCl? 1-. l'. V. HORN l rof1's.wr F orrign Trade J. F. CLYNIS R I'roff's.wr Public Spvnlcing w H. IC. AGNIQXV P!'fIff'.Y5UI'1fIIlt'I'fl1lS Mrzrlccling A. SHEPPARD I'1'r1fz'x.w:' Iimr'1ilu.s ff!'III'l'lll Course . '1 3. G. N. RIERRY l'ruff'ssrn' Marlzcting A. F. CHAPIN 1'rnfz'.s.mr 1fllll'l'ffllX FiIIlI7l!.'6 L. R. SPRIGG Professor Political Science C. H. SPRAGUIZ Pruf4's,vn r 1Crm'ril11x IJf'C0l'llfi'UL' A rts S. B. ACKHRMAN l'1'ufr'.Y.snr' IIISIIIYIIICU XV. S. SCI'lI.Al'CH l'1'uf1's.mr Ii1m'rilILS Alrllllmrlzllirs C. XV. FACKLICR I'rof1's.mr Acfozmting E. E. PRATT Pr0fe.9sorFm'eig11 Trade XV. I. KING 1'mfv.v.vm' 1'I1m'rilu.v licrmomics P. S'l'l IDHNSKI I'r'nff'.vsm' lfr'm1u1lli1'.v 1 I.. li. IJICXVKY 1,HIf!'.V.WH' l iuunr'4' D. XVI-.INLAND I'rof1'.wsor P.Vj'!fllOl0gj' H. A. HAKI-IR Prnfes.wr lfIlSiIll'SA' lfnglish l'mfr'.x.mr 'l'. li. 5'l'ANl.l'1Y l'1'nf1'.x.m1' l'flrl1':'i!l1.v N. D. ll0Dl lll'1Y l'l'off'.f.wn' G1'r11'1'1ll Il I . l'. YVALI. I'1'nf1'ss1n' I'l:3'.xirnl T ' C. I.. HARRIS 1'rnfe'.vs0r Arrounling

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ADMINISTRATION AND FACULTY Banking and Finance, Business English IN MIQMORIANI PROFESSOR A. H. ROSENKAMPFF In Banking and Finance opportunities are practically unlimited, because the scope of the business is so broad. Some Commerce students take courses in Banking and Finance for personal use. However, for those who desire to make a career for themselves in the financial world, the School of Commerce, Accounts and Finance offers courses in six specialized areas: corporation finance, personal finance, credit, banking, investments and insurance. The task of the Banking and Finance faculty is to keep the students abreast of the many changes in 'banking and financial practice, and to teach them how to deal with day-to- day developments. The first step in this direction was in 1903, when the first course in Practical Banking was given. Also in 1903, the Banking and Finance Department added its first feminine touch when the first woman teacher at New York University, conducted a class in Bond Buying. Three years later, anticipating the panic of 1907, the school offered a course in Panics and Depressions. In 1906, the course in the Theory and History of Banking was concerned with the reforms in the banking system that did not come until 1913. The Banking and Finance Department was organized in 1915 under the leadership of Dr. Grosenberg. In 1928, as a result of the boom years in our economy, New York University experienced its largest enrollment in the financial department. It is to the student's advantage that the School of Com- merce, Accounts and Finance is located in New York City, the business capital of America, and within minutes of almost every major commercial enterprise. This enables students to supplement book training by constant touch with the realities of theworld of finance. Many members of the faculty have been closely associated with Wall Street activities for many years. The Business English Deparfmeni' is founded on the fact that one of the saddest truths in the business world today is that so few people can say or write what they mean. Realization of this fact came to the School of Com- merce in 1905 when Dean johnson taught the first course in Business English. The principles set down by Professor Hotch- 19

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ADIVIINISTRATION AND FACULTY Commercial Law DR. GODFREY SCANS THE TIMES kiss in his Business Correspondence have since been adopted by every succeeding writer and teacher on the subject. The Business English courses show the student the effec- tiveness of the 'iyou attitude in getting business and main- taining good will between a firm and its clients. So valuable is a Business English Course to every Commerce student that it has become one of the required courses of the School of Com- merce. Commenting on the new interest of businessmen in Business English, one noted man said, A man's value to us is severely limited unless he can tell, in speaking or writing, what he did, why he did it, and what the significance of his findings may be. Demand for a Knowledge of Commercial Law has increased with the growing complexities and intricacies of the modern business world. The Department of Commercial Law is not intended to make one a practitioner. Its purpose is to give a sense of awareness of the ethical and legally correct course of action, to indicate when a lawyer should be consulted in the course of everyday business and to help those students who intend to prepare for the Certified Public Accountant examinations. Courses taught in law universities close to the turn of the century, made no provision for businessmen who could utilize a knowledge of business law in everyday life. An awareness of these needs led the founders of the School of Commerce to include in the initial curriculum, courses in the Law of Sales and Agency. The School of Commerce, under the guidance of Cleve- land F. Bacon, established its own law courses better adapted to the needs of the business world. The traditional academic training offered by the School of Law failed to prepare students who wanted to specialize in business law, for the complexities of accounting systems and corporate financing. An arrange- ment was made whereby a student could take two years of business law as a preliminary to the later advanced training in law. A Bachelor of Commercial Science degree was granted in New York University after one year of study at the Law School. 2'I