Evening Star Newspaper, April 5, 1925, Page 37

FINANCIAL. DISTRICT BANKERS® ASSOCIATION, FLOUE ERICES STEADY. I’/ PROPOSES INCREASE IN. DUES| -esent Inadequate Assessment of $50 May Be Sup- t:;ts—)‘n planted by Pro-Resources Schedule. Other BY CHAS, An inere P. SHAEFFER. the present inade- membership in the bia Bankers' Asso- ussed at the regu- lar Spring meating of the assoclation held ¢ i1 20, at 4 o'clock, wssock Masohic fruate dues for Distriet of Colu ciation will be ai 6 1 is vxpe ted that Corcoran Thom, 1ewly formed budget a passage | 50" be stricken out and the substituted = therefor: “The wdministration shall, short- h year, esti- nts of the assocta- vear, and shall ainst the members ion to the ember as d state- h year in controller The assessment of all not be less than al ¥ and the ag- ts shall not a resolution « regular or special meet- ng an mount ym the amount e head- But the ictive head- ope: whereb cially pla than 24 would adoption of Mr. without a single fation not heir firs the offense, dissenting More Bank Directors Desired. will be made this a larger representation ctors at the annual con- Ranke Hot Spri Based on the experience of previous ntions, the general convention functioning under W. J. airman, feels confident the rived would prove the mem dire the time and Mr. Waller should be problems as a fuller bilities by realization attending New Ulvision of As ar nex ition attraction, the of the resort and its ited i ing its ef- toward getting the d direc with their tend the forthcoming has been custom conel The Year 1925 to Date on the Washington | Items. in the past anyone caring to #ttend will_be welcomed The last 10 years have wrought a tremend variation in the distribu- tion of the farmers’ income, due chiefly to the wider advent of the motor car in agricultural . districts. George L. Campbell, of the Keet,& Rountree Dry Goods Co. of Spring- field, Mo, has made a comparative analysis of this change and has pub- lished it in the market service letter of the National Wholesale Dry Goads Association. Among the Important points which Mr. Campbell establis! by his statistics is that in 1815 65 per cent of the farmers' income was disbursed with his ghborhood aountry mercharts and 35 per cent in the larger markets. In 1925, this sit- uation is found to be exactly the re- come in 1915, aceording to Mr. Camp- bell, was as follows: Tnterest, 10 per cent; clothing, dry goods, shoes, etc., 30 per cent; groceries, 10 per cent: 5 etd, 15 per cent: per cent; machimery and othar ent, 20 per cent; principal, 10 per cent. In 1925, the distribution is figured as follows:, Automobile, 24 per cent: interest, 71 per cent; cloth® ing, dry goods and shoes, cent; groceries, 73 per cent lumber. etc., 11 per cent;' tax cent; machinery, equipment, etc. cent. and principal, 71 per cent In 1915, says mpbell, *‘the spent 12 to 14 hours a day while in 1925, he spends 8 to 10 hours a day on the farm and the balance of his time is spent in his motor car, creases his automobile expenses and decreases his buying power on other items ~ Branch Bankers Active. Branch banking institutions in Cal- ifornia are making an effort to have thelr State banking statutes amended to establish a definite method for determining the advisability and pos- sibility of new branches. At present the State'’s banking department is functioning under a decision, arrived at after a conference with the Fed- eral Reserve Bank officials and others two years ago, stopping the estab- lishment of branches by any institu- tion except by purchase or conver- sion of existing banks outside the city that houses the principal branch of the parent institution. The effect failed of satisfaction. For instance, the Bank of Italy fell under handicap in Los Angeles by reason of its headquarters location in San Francisco, although the insti- tution is on a competitive footing and of almost equal influence with other Los Angeles branch banking in- stitutions. In discussing the proposed amend- ment, James A. Bacigalupi. president f the Bank of Italy, says: “The rivilege of determining whether bank may establish branch offices, either in San Francisco or Los An- geles, will be passed up to a decision of the people themselves if the pro- posed amendment to the State bank- ing act. sponsored by the Bank of Italy, is adopte “The gist the bill we propose is that any State bank which is in sound condition and possessed of the capital required by law—irrespective of the location of of business—may establish a branch whenever at least 20 per cent of the! registered voters of the district or! opinion the convenience and advan-| tage of the district on area Will be Stock Exchange. Farnished by W. B. Hibbs & Co. tp to and including Saturday, April 4. nd Elec. gen. and Paper Mfg. 1st 6s (long) 58 . and Trust. and Trust Inv. cks 85 pfd.co.... cks 7s pfd... al Bank ... Tust n Base Ball Club.. Title Insurance gton Title Insuran pfd. . High 1005 9T 9915 S41y 1004 997 Open . 1001 re Metropolitan Housing Loans (Metropolitan Life Fnsurance Company) On homes in the District of Columbia and suburbs in Mary- land and Virginia. These loans may be made for 15 years and are very ad- antagrous (o the borrower for the reason that they elimi- nate extensions. or new loans at the end of short periods. No life insurance vequirement, Write for booklet. Unlimited funds for loans in the District of Columbia on BUSINESS PROPERTIES APARTMENT HOUSES OFFICE BUILDINGS AND HOTELS Lowest Interest Rates—Brokers’ Applications Invited WEAVER BROS., REALTORS 735 15th St. N.W. Phone Main 1821 which gradually in- || its principal place || area to be served ¢ertify that in their|| promoted by such an establishment.” || o THE SUNDAY STAR, WASHINGTON, D. ¢, MINNEAPOLIS, April 4.—Four un- 3 at 7.85a8.10 a 29,504 : barrels. changed to 20 lower, barrel; shipments, Bran,” 23.00a23.50. Wheat—No. 1 Northern, 1.86a1.39; May, 1.35; July, 36. Corn—No. 3 yellow, 87142 89%. 3 white, 35%a36%. Flax— .1, 2.731%82.76%. Auditor—Accountant— Financial Secretary With executive ability, high class. experienced and Al references, desires conmection with a reliable organization. (Female.) Adiress Box 405-H, Star_offic | GERMAN s7occs Bought—Sold—Quoted Full New York and Berlia Market Received Dally Send for Special Market Letter Peter Whitney 203 Investment Bldg. Tel me Franklinm 3078 Money to Loan Secared by first deed of trust on real estaty Prevailing interest and commission Joseph l‘, Welhr i - ‘i'".}-“ : ;’i;‘ Jis Fymboi First Mortgage Investments “nconditional ; teed Every First Mortgage Invest- ment we offer bears the Unquali- fied and Unconditional Guaran- tee of one of the largest surety bonding companies in the United States for the payment of in- terest upon the day due and prin- cipal at maturity. Consult Our for Dmmediate Trust Dept. Offering ¢ 7Eve SEN.W.. M 967 WE FINANCE 11 classes of incame-producing property. Large Loans a Specialty Current int. rate and commission. Higbie & Richardson, Inc. 816 15th St. N.W. Get Our Latest Quotes CITY OF VIENNA BONDS GERMAN SECURITIES LANE ROWELL & CO. 435 Star Bldg. Main 27 _ FIRST MORTGAGES FOR SALE Denominations of $250, $500, $750, $1,000 and upwards 6Y2% All Leans Made om Property Located In the District of Columbia JAMES F. SHEA 643 Louisiana Ave. N.W. Invest Your April Funds at 7% ARRANGE today for the prompt investment at 7% of funds you will have available during April. Let us send you descrip- tions of several attractive issues of 7% First Mort- gage Bonds that are now available. SmithBondsaresold in de- nominations of $100, $500 and $1,000 outright or under our Investment Sav- ings Plan. Mail the Coupon now. The F. H. Smith Co. Founded 1873 No Loss to Any Investor in 32 Years Smith Building, 815 Fifteenth St. THE F. H. SMITH COMPANY ! Smith Building, Washington, D. C. Please send me information sbout ith Bonds paying 7%. Address < Texas Gulf Sulphur Southern Pacific 312-13 Evans Bldg. BUCK and CO. DIRECT PRIVATE WIRE TO Philadelphia and New York We buy and sell .listed securities outright or on margin. IMPORTANT COMMENTS CONCERNING 1420 New York Ave. NW. Hudson Motors Beechnut Packing in this week’s market letter. Write or call for circular. BUCK and CO. Fr. 7300 M. 8673 one iota of security. Turning Dead Live Ones —this may truthfully be said of the o GAGE INVESTMENT DEPARTMENT. We are engaged daily in turning unproductive dollars into those that earn liberal rates of interest and without sacrificing Ones Into ations of our MORT- RESURRECT those hidden and inactive dollars, or those earning low rates of interest, and invest them in some of our FIRST MORTGAGE NOTES, yielding— 612% ASK FOR LITERATURE MORTGAGE INVESTMENT DEPT. Over-a Quarter of a Century Without a " Loss. come B. F. Main 2100 INTEREST RATES are determined by the supply of available capital, and the de- mand for it. high—look out! the presence of a speculative element. We rate consistent with unques- tioned safety. Our investments, and those which you make with us, are surrounded by every safeguard which makes for assured in- SAUL CO. If they are tco That means pay 6):%—the highest and unfailing stability. 925 15th St. N.W. APRIE 5, 1925—PART T. —_————— New FINANCIAL. 37 'w:'Starting Today— Course and Service in Business Management Product. of 16 Years’ Experience, Research, Testing and Refinement of the Best Business Practice A Service distinct and apart from any business study ever before presented and the last word in Business Management. It is 16 years since LaSalle Extension University put out its first course in Business Administration—the mere lispings in the advanced study of business. Two years later a new and better course was issued. In five years that course was superseded by a thor- oughly authoritative, practical and well-balanced course in executive training which, with revisions made from time to time, has become the acknowledged leader in this field. During this period LaSalle Extension University has trained more business executives than any other institution. But much has been learned of business principles and practice during the last ten years. Practical men, through long experience, have discovered successful methods of organizing, directing, controlling and carrying on the varied activities of business. For the last five years, the Educational Division of LaSalle, with the co-oper- ation of many successful business and professional men and educators, has been investigating representative business practice and has succeeded in defining a large number of sound principles of business management, and presenting and illustrating them by the LaSalle Problem Method so that they can be quickly grasped and applied. organized into Two Parallel Business Highways (ONE) A series of 100 business manuals which afford the high executive a valuable reference library and consultation service. Each executive manual is a complete unit in itself, fitting naturally and logically into the plan as a whole. The last two pages of each manual afford an original and unique method by which the busy business man who does not wish to submit written work can check himself up and rate him- self. (TWO) Paralleling the 100 texts is a complete executive training for those who desire to obtain a comprehensive understanding of business in its properly related functions and to master the science of management, i. e., how to apply business knowledge to management—the steering power of business. BASIC DIVISIONS Thousands of manuscripts and reports have been cast out, excised, abbreviated, boiled down and Starting Points The first step was to survey the field of Business Manage- ment; to establish definite objectives; and to state the prin ciples which constitute the foundation of successful manage- ment. These principles may be summarized under three major divisions as follows: (a) Those economic principles which apply to the primary functions of business, designed to develop an all around business viewpoint; (b) Those prin- ciples that apply to the main departments of business, setting forth the correct relations of departments and the true im- portance and place of each specialized activity; (c) The prin- ciples which apply to administrative control, including prob- lems of organization, reorganization, statistical control, per sonnel problems and the important matter of managing men of the TRAINING One Hundred Executive Manuals Divided into 13 Grou (1) Principles of Profitable Man- 5. Jrbninse o, Fopen SO0t i, agement—This fi group includes o. Baetau Advertising Principles. basic economic principles and a $f ::fi'fl;fifi.fl:'tfi?flmfiflw preliminary survey of the problems 5 . and principles in each of the main (5) Principles of Production—In departments and specialized activ- planning your work, no matter B i as follows: what that work is, and in routing Business Principles. it through for further handling, osowiss, Lriieialies of MSdaowhent: keeping down costs as well as in- Ay Purchaxing Power Fluctuates direct producing activity, knowl- recting Holes and Trarfc. edge of and ability to apply the Buiwiness. Finucing principles that underlie efficient Effective Administrative Control, production are essential (2) Developing the Executive 3. Problems of Plaat Management. Mind—Eight executive manuals, 3§ piadising for Control. covering practical, p»}.‘rh»nlOg\@l o e [7r|nl;1[;|c< that apply in .ill']tluccc:; : Gomirot Theough Coris. ful business mana; t. This sec- 29, Directing Man Power. tion shows the Kind of efiective 46 Wase Plons and Froduction Keporie. thinking emploved by successful (6) Financing of Business—Fvery men and develops a deep under- activity in business has its financial standing of human nature. aspects which every exécutive must thoroughly understand ‘in relation inancing of the operations and expansion of the business as a whole. Starting a New Business., elermining Cupital Requicements. Providing Capital. Finanotal statements and Loans. Daily Financicl Procedure. Budgets Economies, and Turnover, Financing Ezports and Imports. Financing for Expansion. (7) Credits and Collections—This seventh group is closely related to Group 6. The understanding of credits is an essential requirement of a wel rounded and balanced training for any executive position Fundamentals of Credi¢ Management. Securing ond_ U'sing Credit Facts. Analysis of Statement. Checks on Credit Information. © Establishing Credit Policies. Fundamentals of Collections . Coliection Procedure. (8) Office Organization and Man- agement—Every business, large or small, has an office which serves every other department of the business. How to get the best co- Plants and Equipment. Comtrol of Materiale. itk Men s 0 G . The Paychology of Advertin: I The Psychology of Salesmanship. (3) Selling and- Sales Mana; ment—The work of every exccutive should be handled in the light of its influence on This re- quires a thorough understanding of the principles and problems of sales management presented in the following groug 2 ales Management. iling Activities. pment of Soles Policies Principics of Perso . Bullding Up the Sales Force. 9. Dirccting and Paying i Organizing Saies Promot sales. executive business shouid also understand the prin- ciples and problems of Advertising and Marketing 25. Promoting Low-Cost Marketing. 26. Making Advertiving Pay Profits 27 How to Prepare Effective Copy. DISTINCTIVE FEATURES OF THIS NEW BUSIN PRINCIPLES IN BOLD-FACED TYPE—There are several dis- tinctive features to this new Business Management Training and Service—the most important of which is the way the business prin- ciples are made to stand out from the rest of the text. For the first time in the history of business education, business principles are indented in bold-faced type to set them off from the body of the text. This is an epochal development in presenting the science of business. HELP OF BIG MEN—Never before has a service in Business Management been produced to which so many successful and promi- nent men have personally contributed. CONDENSATION—The material that has been analyzed and excluded from this sery would fill a good sized library. Non- ntials have been eliminated. Only those principles and ideas ich are of greatest importance are presented, and each principle is related primarily to some problem of production, sales or finance and their related activities such as Purchasing, Credits and Account- ing. To the busy man this process of cutting out everything but the essentials is a valuable service because it is a great time saver. FITTED TO BUSY MEN—The simplicity of the service reflects the unrivaled experience of LaSalle Extension University in the field . of adult education and,is a recognition of the fact that busy busi- ness men like to read and think rather than to study and write. This operation from, or to give it to the office, means much in the success of every executive. . What the Ofice Produces. Focuitating Business Dispatch Pla the Office ice (12) Organization and Reorgani- zation—This tw I asic 1 is organized, hc forms of or cedure in p cessful org wrough the su tion of a busines How the Ofice Contributes to Control. Providing Productive Working Conditions Developing the Office Staf. Incentive to Effort. Ezecutsve Conirol of the Office. &0: 6. b il and Partnershi; ey . Individust o Partuersh (9) Managing Men—After a broad background of practice and prin- Jo: ciples in operating of departments g2 of a business comes the training that qualifies a man for the under- lying fine art of managing men . Developing Leadership. . Orgonizing Peraonnel Responsibilitic . Compensation and Incentives . Troining Men. Eeeping the Grganization | €o Ogerating in Alanagement Supervision and_Discipline. Holding the Orgumization. (13) Legal Problems—In a b ke valid con ployer and employ traine (10) Accounting and Statistical he legal matters wh Control—After having acquired a ro st this complete course full acquaintance with the demands nagement. of efficiency in every phase of busi- ness operation comes the need of the outstanding functions of ac- counting and statistics as a means of efficient executive control of the business. 72, Exeoutive Use of Accounting. acts Employer and i Reference Guide—T s listed above co this or Practical thirtecn grou prise 100 as ganized plan the requ Preyiring Budgets, Schequies and Guotas. The Use of Reporis in Ezccutive Control. ments in training to meet (I1) Business Correspondence— for achiev Letters and house memoranda and busines bulletins are concerned with nearly Tt e B ai all the varied operations of busi- ness. This group develops a man for the most common and insistent functions of business helpful as you proceed along log ical lines. The entire p ordinated through a divided in three Digest of Management Princip Inder of Subjects, Cases, et anomdence, Reference Guide by Lines of Busine . Organicing the Work of Correspondence. SS TRAIN is a great advance in the teaching of Business Management, because what the busy man wants is practice and experience in making sound decisions, based on typical business problems and a method of self-checking to see if the decision has been made correctly. SPECIAL PROBLEMS—At the end of each manual you will find an actual business problem which will gi imediate opportunity to apply in a practical way the principles covered in the manual. Do we not learn by doing? EXECUTIVE REPORTS—These reports illustrate the success- ful application of important business principles to various lines of business, demonstrate the kind of analyzing done by successful executives, and show how it is possible to understand the outside factors which affect your business, and to anticipate the changes that these outside factors will have on your business. CONFIDENTIAL REPORTS—A special service of indiv reports on your immediate business problems, whether advertising, selling, production, finance or any other kind of business problem on which you desire special help from the research staff of LaSalle Extension University. . LECTURES—The choice of a wide variety of business mono- graphs prepared by business men and educators who are specialists in varied fields of business—intended as supplementary reading and training. Of Concern’ to You Business Management today is taking its place with the professions. Successful executives are recognized as men who arrive at their decisions in accordance with carefully worked out and definitely established principles of management. Executives, like professional men, are earnestly seeking to profit by the experience of others. They recognize that the standards of business management are such that success cannot come overnight by luck nor by doing the same old thing in the same old way; each d. ay sees some progress in more successful management practice. This holds true of every business position, whether it be that of general man ager, sales manager, credit manager, officc manager, department head or ambitious clerk. it holds good in the small business and the medium-sized business as well as in the large business. No man who has not reached the top, nor stopped growing, can afford in this day and age not to be harnessed up with the wheels of progress. ’ In taking up this fascinating, up-to-date reading and service, you will derive personal profit in every direction. You will quickly find that you are grasping principles and new ideas which will make each day’s problems easier. You will learn how to develop further your own natural abilities, and to bring out the best in other people, and to acquire real leadership. GET THE COMPLETE STORY 5 Call, Telephone or Write HE above announcement is only a bird’s-eye view of this extraor- dinary new course and service in Business Administration and Management. Nothing comparable to it has been produced by any educational institution. There is no' other library, or reading, or course of training which will give you so much power for accom- plishment and carry you so far in a business way within one or two years’ time. iy You can glimpse this by obtaining complete outline of this course and service, as described in the brochure “The Modern Executive and His Training,” which we Act at once on your impulse to make more of your time and yourself. % ———— e e e e = O AND MAIL=—=————= LASALLE EXTENSION UNIVERSITY Southeastern Office: 604 Albee Building—Main 8320 OPEN EVENINGS 1 would like eive the two free manuals (in oue volume) hich vou ar giving of the mew. Course in Business Management. and to have full particilurs of the Text, Training and Service. AND MAIL====| NAME ADDRESS “POSITION AND FIRM........ aE S ST AR TR 1R aseesdoscns Frme— oL Iw LASALLE EXTENSION UNIVERSITY