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does by no means stand alone; and its perfections should not be



counted against it。







8。 This characterization applies without abatement to the schools



of commerce as commonly designed at their foundation and set



forth in their public announcements; and to their work in so far



as they live up to their professions。 At the same time it is to



be noted that few of these schools successfully keep their work



clear of all entanglement with theoretical discussions that have



only a scientific bearing。 And it is also quite feasible to



organize a 〃school of commerce〃 on lines of scientific inquiry



with the avowed purpose of dealing with business enterprise in



its various ramifications as subject matter of theoretical



investigation; but such is not the avowed aim of the established



schools of this class; and such is not the actual character of



the work carried on in these schools; except by inadvertence。







9。 It is doubtless within the mark to say that the training given



by the American schools of commerce is detrimental to the



community's material interests。 In America; even in a more



pronounced degree than elsewhere; business management centres on



financiering and salesmanship; and American commercial schools;



even in a more pronounced degree than those of other countries;



centre their attention on proficiency in these matters; because



these are the matters which the common sense of the American



business community knows how to value; and on which it insists as



indispensable qualifications in its young men。 The besetting



infirmity of the American business community; as witness the many



and circumstantial disclosures of the 〃efficiency engineers;〃 and



of others who have had occasion to speak of the matter; is a



notable indifference to the economical and mechanically efficient



use; exploitation and conservation of equipment and resources;



coupled with an equally notable want of insight into the



technological needs and possibilities of the industries which



they control。 The typical American businessman watches the



industrial process from ambush; with a view to the seizure of any



item of value that may be left at loose ends。 Business strategy



is a strategy of 〃watchful waiting;〃 at the centre of a web; very



alert and adroit; but remarkably incompetent in the way of



anything that can properly be called 〃industrial enterprise。〃



    The concatenation of circumstances that has brought American



business enterprise to this inglorious posture; and has virtually



engrossed the direction of business affairs in the hands of men



endowed with the spiritual and intellectual traits suitable to



such prehensile enterprise; can not be gone into here。 The fact;



however; is patent。 It should suffice to call to mind the large



fact; as notorious as it is discreditable; that the American



business community has; with unexampled freedom; had at its



disposal the largest and best body of resources that has yet



become available to modern industry; in men; materials and



geographical situation; and that with these means they have



achieved something doubtfully second…rate; as compared with the



industrial achievements of other countries less fortunately



placed in all material respects。



    What the schools of commerce now offer is further



specialization along the same line of proficiency; to give



increased facility in financiering and salesmanship。 This



specialization on commerce is like other specialization in that



it draws off attention and interest from other lines than those



in which the specialization falls; thereby widening the



candidate's field of ignorance while it intensifies his



effectiveness within his specialty。 The effect; as touches the



community's interest in the matter; should be an enhancement of



the candidate's proficiency in all the futile ways and means of



salesmanship and 〃conspiracy in restraint of trade。〃 together



with a heightened incapacity and ignorance bearing on such work



as is of material use。







10。 Latterly; it appears; the training given by the athletic



establishments attached to the universities is also coming to



have a value as vocational training; in that the men so trained



and vouched for by these establishments are finding lucrative



employment as instructors; coaches; masseurs; etc。; engaged in



similar athletic traffic in various schools; public or private。



So also; and for the same reason; they are found eligible as



〃muscular Christian〃 secretaries in charge of chapters of the



Y。M。C。A。 and the like quasi…devout clubs and gilds。 Indeed in all



but the name; the athletic establishments are taking on the



character of 〃schools〃 or 〃divisions〃 included under the



collective academic administration; very much after the fashion



of a 〃School of Education〃 or a 〃School of Journalism〃; and they



are in effect 〃graduating〃 students in Athletics; with due;



though hitherto unofficial; certification of proficiency。 So



also; latterly; one meets with proposals; made in good faith;



among official academic men to allow due 〃academic credit〃 for



training in athletics and let it count toward graduation。 By



indirection and subreption; of course; much of the training given



in athletics already does so count。











CHAPTER VIII







Summary and Trial Balance











    As in earlier passages; so here in speaking of profit and



loss; the point of view taken is neither that of material



advantage; whether of the individuals concerned or of the



community at large; nor that of expediency for the common good in



respect of prosperity or of morals; nor is the appraisal here



ventured upon to be taken as an expression of praise or dispraise



at large; touching this incursion of business principles into the



affairs of learning。



    By and large; the intrusion of businesslike ideals; aims and



methods into this field; with all the consequences that follow;



may be commendable or the reverse。 All that is matter for



attention and advisement at the hands of such as aim to alter;



improve; amend or conserve the run of institutional phenomena



that goes to make up the current situation。 The present inquiry



bears on the higher learning as it comes into this current



situation; and on the effect of this recourse to business



principles upon the pursuit of learning。



    Not that this learning is therefore to be taken as



necessarily of higher and more substantial value than that



traffic in competitive gain and competitive spending upon which



business principles converge; and in which they find their



consummate expression;  even though it is broadly to be



recognized and taken account of that such is the deliberate



appraisal awarded by the common sense of civilized mankind。 The



profit and loss here spoken for is not profit and loss; to



mankind or to any given community; in respect of that inclusive



complex of interests that makes up the balanced total of good and



ill; it is profit and loss for the cause of learning; simply; and



there is here no aspiration to pass on ulterior questions。 As



required by the exigencies of such an argument; it is therefore



assumed; pro forma; that profit and loss for the pursuit of



learning is profit and loss without reservation; very much as a



corporation accountant will audit income and outlay within the



affairs of the corporation; whereas; qua accountant; he will



perforce have nothing to say as to the ulterior expediency of the



corporation and its affairs in any other bearing。







                                I







    Business principles take effect in academic affairs most



simply; obviously and avowably in the way of a businesslike



administration of the scholastic routine; where they lead



immediately to a bureaucratic organization and a system of



scholastic accountancy。 In one form or another; some such



administrative machinery is a necessity in any large school that



is to be managed on a centralized plan; as the American schools



commonly are; and as; more particularly; they aim to be。 This



necessity is all the more urgent in a school that takes over the



discipline of a large body of pupils that have not reached years



of discretion; as is also commonly the case with those American



schools that claim rank as universities; and the necessity is all



the more evident to men whose ideal of efficiency is the



centralized control exercised through a system of accountancy in



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