"There will be practically no change this year in the usual number or quality of business positions secured for the members of the graduating class at the Business School," said W. B. Donham '98, dean of the Graduate School of Business Administration, in a speech before 200 second-year graduates in the Baker Library yesterday afternoon.

"Because of the depression, however, it will be necessary that students make every effort to find positions independently of the School employment bureau, and that they make rapid decisions concerning their acceptance or rejection of jobs offered them through the bureau," continued Dean Donham.

"The Business School has been forced to accept greater responsibility than usual for the showing to be made by its graduates in active business this year, because of the difficulty of finding openings: all men are therefore urged to accept position with the intention of retaining them for a reasonable period, and to exhibit seriousness of purpose in their work."

Speaking broadly on the subject of business careers, Dean Donham urged members of the graduating class to disregard considerations of income beyond an amount necessary for a simple living.

"It is essential to avoid 'blind alleys' in a business career," he continued, "but men too often discard obscure jobs because of their fear of 'blind alleys,' and thus lose that valuable experience in the elementary phases of a business which is so valuable to the executive later on."