Excerpt from The University as a Business Institution in New Haven: A Paper Read Before the Chamber of Commerce of New Haven, February 14th, 1900
Do you realize, gentlemen, that the president of the largest corporation in the state, one that touches every one of you in every ... day life, is a college man? I mean the Consolidated Railroad, that serves us all. You also buy your gas of a corporation whose first and organizing president was a college graduate. It is so also with the water company, it is so with the two or three greatest manufacturing concerns in town, it is so with the largest of the banks; and I might mention even another corporation, which though not perhaps the largest is yet one that sometimes comes pretty close home to men's business and bosoms, and which has not been unin¿uenced by business men of college education. Now what does this mean? Has business changed or has the college changed? I think both have changed, but that the college has changed the 'more. It has changed because it has recognized, slowly, unconsciously and I am afraid sometimes unwillingly, that it was just as high a thing to train a man's brains for occupations out side of the traditional learned professions, as to train a man for positions within these professions. Presi dent Hadley is perhaps the first leader in university life to say these things in plain words. But he has said that one of the functions of the University, as he understands it, is to train men for business. And by business is meant that social activity in the inter change of service and commodity which makes the characteristic of our modern life.
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