The University of Columbia is to establish a School of Business which will be similar in several important respects to the University. The following are extracts of an article from the "Columbia Alumni News" on it:

"In accordance with the policy of the University in all its professional schools, two years of collegiate work will be required as prerequisite to the first year of the business course. On the completion of two years in the School of Business, after two years of collegiate work, the student will receive the degree of Bachelor of Science, with an additional year leading to the degree of Master of Science. The School will thus be enabled to provide for four classes of students.

"1. Graduate students who are candidates for the higher degrees. 2. Students who have spent two years in Columbia College, or Barnard College, or in some other college of equivalent rank, and are candidates for the Degree of Bachelor of Science. 3. Graduates of high schools who have completed in the Department of Extension Teaching work equivalent to that offered by Columbia College or Barnard College in the first two years. 4. Students over twenty-one years of age, actively in business, and qualified to undertake certain courses, who may be admitted as special students but not as candidates for a degree.

"The program of the School provides in great variety for all branches of commercial training. The first year is made up of twenty-four points of required work, including accounting, advanced economics, business organization and administration, corporation finance or money and banking, French, German or Spanish.

"The second and third years are broadly elective, so that students may either obtain a general training in the whole field or equip themselves particularly for one branch. In the third or graduate year especially, every effort will be made to bring students into close contact with business problems and practice, as developed in the large enterprises located in New York City. Also the resources of the graduate school in other departments will be utilized for the specialized training of students in the third year. Thus for the student of accounting, the course in corporation law in the School of Law will be open; the political science faculty will provide advanced course in the science of public finance, mathematics or statistics, etc.

"In banking and finance the Law School will offer its courses in negotiable paper, contracts, agency, bankruptcy, partnership and corporations.

"Particularly interesting is the arrangement that has been made with the Engineering School. For those interested in factory construction and management the courses in mechanical engineering especially covering those subjects will be open to students in the School of Business.

"Through the School of Business the National City Bank offers scholarships in its training course for service in the foreign departments of the bank.