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The cornerstone of the new building of the School of Business and Civic Administration of City College at Lexington Avenue and Twenty-third Street, on the site of the old Free Academy, later City College, -was laid yesterday afternoon by Mayor Walker.
The building, which is almost completed, is an eight-story structure costing $1,500,000. In an address at the ceremonies, Mayor Walker commended the President, faculty and trustees of the college for the accomplishments of the institution. He pledged his support to the efforts of the trustees to raise $900,000 needed to add eight stories to the building, bringing it to its intended height of sixteen stories.
"The city of New York can make no more conservative investment," the Mayor said, "than to appropriate $900,000 necessary to add the required stories in order to bring this building to completion. The work of constructing it should be carried on so that it may win a place for itself not only in the field of culture, education and science, but a place in the skyline of the city.
"We must see that the city's needs in higher education are provided for, and we must also make sure that the city does not lose the position which it has won in the industrial, financial and commercial life of the country. This school will be a character-making institution which will provide the finest group of worker that can be obtained anywhere in the world."
More than 200 trustees, alumni and members of the faculty marched to the new building from the Children's Court on Twenty-second Street. The procession was led by the Mayor and Dr. Frederick B. Robinson, President of the college.
The handle of the silver trowel used by the Mayor in the ceremony was made from a balustrate of the old Free Academy. A copper box, which was placed in the cornerstone, contained copies of the addresses made at the ceremony, a copy of the rag paper edition of yesterday's The New York Times, the 1928 Year Book of the students of the business School, two copies of the City College Alumnus, and a number of silver coins of the United States.
Dr. Robinson said the purpose of the school was to provide scientists to the fields of business and public service.
"The school will seek." he said, "to produce not merely technicians who can perform their tasks up to the best standards of current practice, but also scholars, who, being broadly cultivated, will see their work in relation to humanity.
"The industrial world is constantly changing and its technology becomes increasingly complicated. It needs the scholar in action. The chief characteristic of the scholar is his unending search for truth as it is, from time to time, revealed to the researcher. The scholar is also Impatient of any performance below the standard of the best that is known. Organized business and our government bureaus and offices need competent, leaders, lieutenants and craftsmen who are also scholars.
M. J. Stroock, chairman of the Board of Trustees of the college, and Dean George, W. Edwards of the School of Business, also spoke of the aims of the school.
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