Bemidji Daily Pioneer Newspaper, December 19, 1919, Page 12

FRIDAY EVENING, DECEMBER 19, 1919 I THE BEMIDJI DAILY PIONEER Delaware, 0.—A painting of' Bigh. ED IN LEE PASSTEg ?orgfn%g‘!z LOCALI“%W‘G“ asked if the examination|op Welch, president of Ohio Wesleyan WILSON FACES STORM was difficult he replied that it was|university, has been unveiled in the really a stiff one as the union opera- | college chapel. tors in Duluth are “sharks” at the game of operating, and Lee got a mark of over 97 in his test. PAGE TWELVE MARKET ORGANIZATIONS OFTEN FAIL FOR LACK OF UP-TO-DATE BUSINESS METHODS (By. United Press.) ‘Washington, Dec. 19.—Braving a snowstorm today, President Wilspn sat for an hour on the south portion portico of the White Huse. He was wrapped in furs. He also walked about his room. A. A. Lee, moving picture machin~ ist and operator at the Elko theatre, is justly pleased over a recent experi- ence in Duluth, where he took the projectionist examination and be. came a member of the Duluth local of the Operators’ union. He was ab- Birmingham, Ala.—There is 4 shortage of office space here. Re- cently twelve physicians told officialy Subscribe for The Ploneer. they were unable to find a location. Modern Accounting Methods for Co-operative Organizations. (Prepared by the United States Depart- ment of Agriculture.) One of the outstanding weaknesses of marketing organizations is the al- most entire lack of up-to-date business methods. According to the bureau of markets, United States department of agriculture, which has made an extens- ive study of the subject, a large num- ber of failures in the co-operative field have been traced directly or indirectly to lack of proper accounting systems. Other investigations indicate that this fifficulty exists to no less an extent in nonco-operative enterprises. It is the desire of the bureau to make the results of these investigations available to nonco-operative enterpris- es and not confine its activities solely to assisting co-operative concerns. However, due to the insistent demand for assistance and advice from co-op- erative organizations, and the lack of such demand from the nonco-operative field, a large portion of the work has of necessity been confined to the form- er class of organization. An essential of co-operative business effort is that every participant obtain an equitable share of profits. With- out proper accounting there is no guar- anty that this object is attained. With up-to-date bookkeeping none can point the finger of suspicion or doubt. Good accounting promotes economy and breeds confidence. Double-Entry Bookkeeping. The double-entry system of book- keeping is the only one suitable for ase, as without it there is no adequate check on the accounts. It shows the effects of business transactions on the assets, liabilities, capital, surplus, and revenue, antl also the expenses of the business. ‘When the term “up-to-date methods” Is used it does not imply complicated methods. Only two books: are abso- lutely necessary for a complete syste- matic record of the financial transac- tions—the journal and the ledger— though, of course, with the growth of R concern, convenience may dictate that the material recorded in these two volumes be subdivided and en- tered in other volumes. The journal shows the business transactions in the order that they occur, while the ledger shows them classified according to the respective accounts, The records of a cc-operative con- cern must record : story of éach member’s property rc': the time of delivery until payiucut i® made. All this material should be so arranged that the maximum volume of business can be cared for without confusion, and at the same time the various de- tails should be easily accessible. Many co-operative organizations have adopted the system of pooling, which necessitates prorating returns on like grades of fruit and other prod- uce. Such records should be clear as to the time of shipments, average prices received, and awarded items. The form of business organization should be as simple as possible, but the duties of each officer should be clearly defined, board meetings should be held regularly after due notice has been given, and the laws require that complete records of the meetings must be kept. In a wide margin on the left-hand side of each page of the min- ute book notations can be made which in the future will greatly aid in locat- ing desired information. All persons handling organization funds should be bonded. If this is an invariable prac- tice, insistence on a bond will not be considered as being prompted by any personal consideration. False Economy Costly. Many organizations are tempted to practice false economy in regard to expenditures for an up-to-date account- ing system, competent help, and labor- saving devices. The cost of an adding machine er a calculating machine may seem large, but it may save its original cost In the course of a year, providing the volume of business is sufficient to make its use economical. Columnar development, loose-leaf systems, card systems, and the use of carbon coples have all lessened the routine of the bookkeeper and made mo‘ern book- keeping possible and econowmical. The office, whether large or small, should be provided with filing cabinets, equipped with guides for indexing pur- poses and folders to hold the corre. spondence. The alphabetical filing system is the simplest, and perhaps is the best suited for the organizp;tion of average size. In numerical filing, an alternative system which some pre- fer, a number is assigned to each per- son with whom considerable corre- spondence is carried on. To locate any particular number in the file an alphabetical cross index is kept. Safeguarding the Cash. A regular system of safeguarding the cash should be adopted and ad- hered to strictly. All cash entries should be explicit and items supporting such entries should be filed o0 as to be easily accessible. No entries should be recorded in the cash book which do not relate to cash, If possible, the full receipts of each day should be depos- ited in the bank. All canceled checks should be filed in numerical order, and duplicate checks should be covered by indemnity bonds. The cash or check register and the bank pass book bal- ance should be reconciled each month, and a permanent record kept of this agreement. Checks, sales slips, re- ceipts and the like should be numbered with a numbering machine, and any which are spoiled in use should be marked void or left in the book. A regular system should be used for ac- knowledging all cash sales or miscel- laneous cash items received. A syste- matic record should be kept of all pet- ty cash payments. An important item often neglected in the accounting of marketing organ- izations is depreciation. The extent of depreciation should be estimated as closely ae possible and credited to the time “Reserve for Depreciation” ace count as the books are closéd for the year. This will decrease the net profit by the amount of depreciation, and set aside amounts to replace the assets out of the earnings. One other essens tial in the proper accounting of any marketing organization, as well as in other business efforts, is the auditing of the accounts. Both external and in- ternal audits should be made at reg- ular intervals. The latter may be con- ducted by a committee of members, while the former should be made by an expert accountant and should be complete, all original documents being avalilable for his investigation. Bismarck, N. D.—'The Legion- aire” is to be the official title of the magazine published by the North Da- kota branch of the American Legion. ‘Miss E. N. Barry, Fargo, won the prize for suggesting the name in -a state contest. Bemidji Newsy Notes We have best quality dairy butter at the right price. Sunshine Grocery. 141219 We have best quality dairy butter at the right price, Sunshine Grocery. 1d1219 We have best quality dairy butter at the righ: price, Sunshine Grocery. 1d1219 BYRON RUSSELL HOST. Byron Russell entertained a num- ber of friends at his home Tuesday evening. The hours were passed in music and lunch was served. Those present were Mr. and Mrs. J. A, Youngren, Mr. and Mrs. P. J. Russell, Mr.and Mrs. J. A. Forester, Miss Lil- lian Glessnes, Miss Grace Blomberg, Miss Irma Holkey, Miss Ruth Riley, Carrol Hill, Paul Winebrenmer, Byron Russell, Ray Hannah, Edward Cur- rey, Francis Russell and Katherine Russell. T00 LATE TO CLASSIFY| The rate for want ads may be found at heading of reg- ular classified department. Ads received later than 11 o’clock a. m. will appear un- der this head in current issue O LOST—Gray shawl, finder return to Pioneer office. 2d1220 WANTED A girl, at the hospital. Apply to Sister Superior. 241220 e e T T T T T e e ) Da _ The Book that Sings—Mother Goose Rhymes in music. the Children’s Favorite Mother Goose Rhymes. ” Sings. ety - uing Dase hristma A NEW DELIGHT FOR THE KIDDIES’ CHRISTMAS BUBBLE BOOKS The Bubble Books sing Each Bubble Book contains three six-inch Columbia Records, with a favorite Mother Goose Rhyme on each. They will play on any phonograph playing dise records. Every child will love the “Book that Whilethey last.. ... % ..........cciiieineiene.n.... $1.00 each WE WILL PAY ALL CARRYING CHARGES, WHETHER IT BE ON A PIANO OR A COLLAR BUTTON Don’t hesitate to write us regarding your wants. are plain. MUSIC FOR CHRISTMAS all the year happy. CLAUS’ WORKSHOP, A1076—CHRISTMAS CAROLS. Medley. Devonne and Mixed Quartet; 10-inch.. A1416—AROUND THE CHRISTMAS TREE. tet; CHRISTMAS JOY. 10-inch A1859—SILENT NIGHT, HALLOWED NIGHT. FAITHFUL. (Adeste Fidelis.) A2646—MEMORIES OF CHRISTMAS. PART 1. (Prince.) (Wagner.) Stell, Lufsky and Scheutze. tet; MEMORIES OF CHRISTMAS. PART 2. (Compiled and composed by Robert Hood Bowers.) A2392—MEDLEY OF CHRISTMAS CAROLS. PART 1. MIXED CAROLS. PART:2. Columbia Quartet; 10-inch .. A7524—JOY OF THE BEAUTIFUL PINE. Thornton W. Burg THE BEST THING IN THE WORLD. record record ....-oooo.o.. fusasassasaziconnacas: A2402—CHRISTMAS MORNING AT CLANCY’S; HIP HI GALO A1227—CHRISTMAS SYMPHONY; 10-inch. [N Christmas gift. Nothing can ered, for we can meet the requirements of any purse. : Diam»ondsv " this a diamond Christmas. [ 1 ; be pleased to assist you to choose a suitable stone. Asa gift suggestion we offer— Diamond and Platinum Bar Pins, Brooches and Bracelets, $25.00 to $100.00. At special Christmas values we are featuring [T from $50.00 to $150.00 directors of the Hallmark Company. gold back. A dependable, high grade watch....... ... satisfaction. Phonographs, Columbia Records, Mmieg.! Instruments, Cameras. Corner Dalton Block Pl 3 We can only list a very few of the offerings in our big stock, but we can supply anything you will need. Write promptly and see that your address and name .—-The cloud which has hung over the world’s Christmas celebrations for the last four years has at last lifted and as never before, music seems the fitting expression of the spirit of the day. A carefully selected list from the Christmas music in the Columbia Catalog follows—music which will make the day merry and A919—CHRISTMAS BELLS. (Buttsehardt.) Stelle and Scheutze, violin and harp duet; SANTA (Phillips.) Prince’s Orchestra, 10-inch .................. 85¢ Mixed Quartet; STAR OF THE EAST. Prince’s Orchestra, with Mixed Quar- Violin, flute and harp trio; Columbia Mixed Chorus; OH, COME ALL YE Columbia Mixed Quartet; 10-inch. “THE VILLAGE CHURCH.” “THE TREE AT GRANDMOTHER’S.” Prince’s Orchestra; 10-inch.............. 85¢ Columbia Quartet; MEDLEY OF ‘Thornton W. Burgess; 12-inch A2374—CHILDREN’S FROQLIC CHRISTMAS MORNING; SANTA CLAUS PATROL; A2377—JOHNNIE’S CHRISTMAS DREAM OF OLD MOTHER GOOSE; 10-inch. A1844—TOY SHOP SYMPHONY; CHRISTMAS MORNING WITH THE KIDDIES; Make your 'selectiox;, :ilnclose the amount, and we will send to any address you give. (We pay the postage.) s b i A a5 O We Carry the Most Complete Line of Phonograph Records North of the Twin Cities_ MUSICAL INSTRUMENTS FOR CHRISTMAS The entire household wiltbe delighted if one of their number is the recipient of a musical inst.rument as a ring greater joy into a house nor prove the source of more real enjoyment t}le year round. With the assortment of music-giving instruments we have in stock, the price need not be consid- There is nothing quite so appropriate as a Christmas gift as a fine piece of diamond jewelry. Let us mé.ke We have some very unique and suitable gifts in these precious stones and shall Solitaire Diamond and Dinner Rings, with fancy platinum and diamond set mounting, $100 to $1,500.00. Loose Link Buttons for soft cuffs in diamond, platinum and sapphire combinations, $50.00 to $200.00. DIAMOND AND PLATINUM SOLITAIRES BRACELET AND WRIST WATCHES The Director’s Special Hallmark—A watch pla nned by a special watch committee composed of Fifteen Jeweled Movement, gold filled case with solid The Hallmark Bracelet Watch—A really dependable bracelet watch at a rea: movement comes in several grades—15 and 17 jeweled—and both grades are fully guaran- teed. There are thousands of Hallmark Bracelet Watches in use, and giving exceptional Gold filled and solid gold, in regular or new green gold, flexible or ribbon bracelet ....... B T sesbussassasanaaanans sssssssssssntiseiostanssssssnarinisstattiasitnaiee $18.00 to $75.00 Diamonds, Watches and Jewelry, Silverwar e, Cutlery, China, Clocks, Pianos, Player Pianos, i - WE ARE OPEN EVENINGS UNTIL CHRISTMAS " GEO. T. BAKER & CO. - The HALLMARK Store 00000000000 ) (Kennedy.) 85¢ (Compiled and composed by Robert Hood Bowers.) Prince’s Orchestra, with contralto and male quar- onable price. The pesvag Telephone 16 T i e—— ‘ Defective