J V

N , A ,. C ,. A ,.

B U L L N

J a n u a r y Tw ao1957 �

In the News

Committees Review Association Objectives 709

St. Louis and Milwaukee Finalize Conference Plans 711

Gold Cards Presented to Retired N.A.C.A. Members 713

Chapter Photos 721

In The Public Eye 715

Congratulations To 719

Chapter Meetings

723

Chapter Competition

729

N.A.C.A. BULLETIN Volumc \.l'YI'lll, Num6e+5

0Publirbed by NATIONAL ASSOCIATION OF COST ACCOUNTANTS

505 PARK AVENUE, NEW YORK 22, N. Y.

B U L L E T I N B O A R D

THEY MIRROR CAREERS IN

MANAGEMENT ACCOUNTING

A story on page 713 of this section of the Bulletin brings theN.A.C.A. membership up to date with respect to those of its numberwho, retired from active business, remain affiliated with the Associationas recipients during the past year of the now familiar N.A.C.A. GoldCard. It is a particularly pleasant story to prepare and present be-cause it affords opportunity to name many who, one way or another,have "borne the heat of the battle" in the years since N.A.C.A. wasfounded and because it also affords an expectation of continuedfellowship. In American life as a whole, retirement has become achange which alters the pattern of a man's activity but does not sus-pend it.

Even these two considerations, however, do not exhaust thesignificance which those who follow on in the service of managementaccounting will read in names of those who are older in this service.These names testify to its essential character. Each, to all who knowthe individual or note his achievements, profiles a career devotedto a creative task in the upbuilding of industry and the better fulfillmentof man's needs. They give us, for emulation, examples of constructiveaction in our own part of that task.

This Bulletin is published monthly by the National Association of Cost Accountants, 505 Park Ave.,New York 22, N. Y. Subscription price, $10 per year. Reentered as second class matter September 22,

1949, at the Post Office , New York, N. Y., under the Act of March 3, 1879.

N.A.C.A. BULLETIN, Vol. XXXVIII ; No. 5, January, 1957

COPYRIGHT 1957 BY THE NATIONAL ASSOCIATION OF COST ACCOUNTANTS

Committees Review Association Objectives,Organization and Services

M EETINGS IN RECENT months of theNational Board, the Executive Com-

mittee and several standing and specialcommittees of the Association have beenlargely concerned with a review and re-appraisal of Association objectives, organ-ization and services. As reported in thesecolumns last month, a Special Committeeon Long -Range and Short -Range Objec-tives was appointed by President Warnerin June. This Committee, in reportingto the Executive Committee in August,suggested various areas which it feltcould be usefully reviewed by standing orspecial committees of the Association.The committees were appointed, areas forstudy were assigned, and in the inter-vening months these committees havecarried on active review and study ofthe matters assigned them.

The reports to the Executive Commit-tee and National Board at meetings onOctober 27 and 28 of four of these com-mittees included proposals for revisionof the Constitution and By -Laws of theAssociation. These committees and theirassignments were:

a. Special Committee on Objectivesand Name — Asked to study andreport on statement of objectivesas expressed in the Constitution andBy -Laws and the adequacy and ap-propriateness of the name of theAssociation.

b. Committee on Membership —Asked

to study and report on desirabilityand necessity for continuing pres-ent distinction in classes of mem-bership.

c. Special Committee on Organization—Asked to study and report ondesirable changes for expanding andstrengthening organization struc-ture of the Association.

d. Permanent Fund Committee—Asked to consider modification ofthe provisions of the Constitutionand By -Laws respecting the Perma-nent Fund.

Following the October meetings of theExecutive Committee and National Board,the recommendations of these committeesas modified by actions of the ExecutiveCommittee and National Board were re-ferred to the Committee on Constitutionand By -Laws for drafting. The ExecutiveCommittee at its meeting in Decemberreceived a report of this Committee. Ac-tion of the National Board on the pro-posed revisions is scheduled for the Boardmeeting of January 12. Following defi-nite action at this or a subsequent meet-ing of the Board the proposed revisionswill be submitted to the entire member-ship of the Association for mail vote.

In the meantime, Association commit-tees considering matters not directly con-cerned with the Constitution and By -Lawshave been busy and, in many cases, havesubmitted interim reports to the Execu-

J A N U A R Y , 1957 709

tive Committee and National Board. Theactivities of these committees will be re-ported in more detail as they lead todecisions and actions.

The membership of the Standing Com-mittees of the Association for the 1956 -57year was reported in the September issueof the Bulletin. Listed below are thenames of members who are serving onspecial committees, which are workingwith the standing committees in the cur-rent review program.

Special Committee on Long -Term andShort -Term Objectives

Clinton W. Bennett, Boston, ChairmanJohn H. DeVitt, ErieWilliam H. Franklin, PeoriaCharles R. Israel, IndianapolisLogan Monroe, ClevelandMason Smith, South Bend

Special Committee on Objectives and Name

Mason Smith, South Bend, Chairman

Donald M. Russell, ChicagoLeonard E. Zastrow, MilwaukeeJohn H. DeVitt, ErieGeorge W. Schwartz, Detroit

Special Committee on Organization

Clinton W. Bennett, Boston, ChairmanWilliam B. McCloskey, New YorkMartin A. Moore, Newark

Special Committee on Extension of Service

William H. Franklin, Peoria,ChairmanGeorge E. Hallett, NewarkHoward Greer, North AlabamaVerne D. Hanna, DetroitJesse G. Kline, PhiladelphiaLogan Monroe, ClevelandArthur H. Smith, Minneapolis

Special Committee on Constitution andBy -Laws

Warren J. Faust, Bridgeport, ChairmanMilton Hudders, BrooklynCarl E. Lindquist, New York

W E R E M E M B E R

Egbert M. Kline, 57, PHILADELPHIA (1949),Senior Accountant, Herr & Herr, CPA.

James F. Doherty, 62, NORWICH (Provi-dence, 1935), Vice President-Manufactur-ing, American Screw Co., Norristown, Pa.H e was Past President of ProvidenceChapter and a Past National Director.

C. Francis Mahoney, 55, MOHAWK VALLEY(1925), Head of the accounting firmbearing his name, Utica, N.Y.

R. C. Pierce, 49, KANSAS CITY (1952), SalesRepresentative, Le Febure Corporation.

Frank G. Miller, 62, RACINE - KENOSHA(1942), Cost Accountant, Webster Elec-tric Co.

Albert F. Mack, 52, LONG BEACH (Indian-apolis, 1943), Head of the firm bearing

71 0

his name, Laguna Beach, Calif.

Charles A. Kimerer, 44, TOLEDO (1948),General Accounting Supervisor, Chevrolet -Toledo, Div. of General Motors Corp.

Hermann Keller, 61, ANN ARBOR (1954),Detroit Harvester Company, Ypsilanti,Michigan.

Raymond O. Hill, 57, Los ANGELES (De-troit, 1923), Controller, Cannon ElectricCompany. He was a Past National Di-rector.

S. J . Fox, 52, LOS ANGELES (Dayton, 1945),Head of Fox Bookkeeping Service.

James 0. George, 39, BINGHAMTON (NewYork, 1943), Link Aviation Corp. H ewas President of Binghamton Chapter.

N.A.C.A. BULLETIN

St. Louis and Milwaukee

Finalize Conference Plans

"MEET ME IN ST. LOUIS' S might well" M E E T

a verbal exchange heard oftenamong N.A.C.A. members in some Mid-

western chapters these days, as plans aremade to attend the Regional Cost Confer-

ence to be held in St. Louis on March8 -9. At the same time, members in some22 other chapters, who perhaps lack sucha readymade catch- phrase of invitation,

are arranging personal schedules withfully as much interest to attend the Mil-waukee Regional which occurs March15 -16. Both groups, whatever their Re-gional Conference destination in themonth of March, are assured of varied,informative activities that will, in allprobability, justify their highest anticipa-tions.

Serving as General Chairman of theSt. Louis Conference, which takes place at

JOHN B. BACHOFER, CHAIRMANOF ST. LOUIS TECHNICAL PROGRAM

9dIs11-.1

RAYMOND E. BURLEWCONFERENCE COMMITTEE CHAIRMAN,

ST. LOUIS

the Hotel Statler, will be Raymond E.Burlew, Monsanto Chemical Co. —Over-seas Division, St. Louis, Mo. (St. LoursChapter). Technical Chairman of thetwo -day, multi- featured event will beJohn B. Bachofer, Donnelly Garment Co.,

Kansas City, Mo. (Kansas City Chapter).Members of the Operating Committee

are the following members of the hostchapter: Herbert A. Schuster (Meetingsand Hotel Accommodations), The FredMedart Manufacturing Co.; Norman E.

Kerth (Publicity and Printing), Con P.Curran Printing Co.; and J. W. Schlos-ser (Conference Dinner), C. K. Williams& Co.

Those who will serve with Mr. Bacho-fer on the Technical Program Committeeare: T. Fletcher Ellis, Keller - Crescent Co.,Evansville, Indiana (Evansville Chapter);Harold W. Luenstroth, MallinckrodtChemical Co., St. Louis, Mo. (St. LouisChapter) ; and Donald S. Mitchell, San-

7 1 1

WILLIAM S. PIERSONMILWAUKEE CONFERENCE GENERAL

CHAIRMAN

gamo Electric Co., Springfield, Illinois(Sangamon Valley Chapter).

Milwaukee Appointments

The Milwaukee Regional Conference,to be held March 15 -16 at the HotelSchroeder, will be attended by represen-tatives from the chapters of Ann Arbor,Calumet, Chicago, Cedar Rapids, Detroit,Fort Wayne, Fox River Valley, GrandRapids, Kalamazoo, Lake Superior, Lans-ing, Milwaukee (host chapter), Minne-

NORMAN A. COANMILWAUKEE TECHNICAL PROGRAM

CHAIRMAN

apolis, Muskegon, Northern Wisconsin,Racine - Kenosha, Rockford, Saginaw Val-ley, St. Paul, South Bend, Tri- Cities and

Waterloo.Conference Chairman will be William

S. Pierson, Allis- Chalmers ManufacturingCo., Milwaukee. The committee chair-men serving with Mr. Pierson include:J. T. Hegner (Finance and Budget),Sterling Wheelbarrow Co., Milwaukee;Jack E. Thomas (Registration), Kearney& Trecker Corp., Milwaukee; Gerald H.Goelzer (Hotel Reservations and MeetingArrangements), Lakeside Laboratories,Inc., Milwaukee; Robert P. Schumacher(Conference Dinner), Joseph SchlitzBrewing Co., Milwaukee; Allan C. Crane(Publicity and Printing); A. O. SmithCorp., Milwaukee; W. L. Johnson (Par-ticipating Chapter Promotion), PrecisionMetal Workers Corp., Chicago, Ill.; andMrs. H. F. Hauboldt (Ladies Activities),Milwaukee.

Serving as Chairman of the TechnicalProgram will be Norman A. Coan, Mara-thon Corp., Menasha, Wisc. (NorthernWisconsin Chapter). He will be aidedby Marlin R. Hemphill, Allegheny -Lud-lum Steel Corp., Detroit (Detroit Chap-ter) ; Bernard H. Semler, Freeman ShoeCorp., Beloit, Wisc. (Rockford Chap-ter) ; and Leonard E. Zastrow, Bucyrus -Erie Co., South Milwaukee, Wisc. (Mil-

waukee Chapter).Speakers, discussion leaders, and panel

members for both St. Louis and Milwau-kee Regionals will be announced, withdiscussion topics and speech titles, in theFebruary issue of the Bulletin.

N.A.C.A. BULLETIN

Gold Cards Presented to Retired N.A.C.A. Members

TO A MOST HONORED list of N.A.C.A.members, those who have received

gold cards signifying 20 years or more ofAssociation affiliation at the time of re-tirement from business, add the names of48 who achieved this dual landmark dur-ing the year of 1956.Such addition to theroll of those who have received gold cardsin previous years brings the membershipof N.A.C.A.'s senior - member "fraternity"to 170.

Among those honored in 1956 you will

find the names of members who haveserved their Association well — as Na-tional and Chapter Officers and Directors.One member, W. P. Hilton of HamptonRoads, is a Charter Member of the As-sociation. And another, L. H. Hullettof San Francisco Chapter, who, joiningN.A.C.A. in 1921, has a record of 35

years' perfect attendance at chapter meet-ings.

As recipients of gold cards, whichwere first established seven years ago,these men may continue the associationlong - established with their individualchapters, or establish relations with anyother chapter should their place of resi-dence change after retirement. They re-main eligible to attend N.A.C.A. chaptermeetings. Also, if they so wish, theywill continue to receive chapter mailingsso as to remain in touch with Nationaland local chapter growth and develop-

ment.It is likely that many will not relin-

quish their N.A.C.A. contacts for their

interest in and contribution to the Asso-ciation are of long standing. Of the 48who received gold cards, all, of course,have been members for 20 years or more.Thirty -six of the group have service rec-ords of 25 years or more; 20 of 30 yearsor over; and seven have participated inN.A.C.A. activities for 35 or more years.

Awarded gold cards during 1956 were:

HERMON F. BELL, Brooklyn Chapter,who retired as a Member of Lybrand,

HERMON F. BELL, member of N.A.C.A, for 36years, here receives his gold card from BrooklynChapter President (left) Frank Marseglia. Mr.Bell is one of 48 members who received suchrecognition during the year.

Ross Bros. & Montgomery, New York.He became a member of N.A.C.A. in1920.

M. D. BiNFORD, Charter Member andPast Vice President of Memphis Chapter,who retired from S. C. Toof & Co., asCost Accountant. He became a memberof N.A.C.A. in 1930.

JOHN M. BROWN, Past President of Mo-hawk Valley Chapter, who retired fromBarrow, Wade, Guthrie & Co., CPA's.,Utica, N. Y. He joined the Associationin 1923.

JANUARY, 19 5 7 713

EDWIN CLARKSON, New York Chapter,who retired as Controller of AlexanderSmith & Sons Carpet Company, withwhich he was affiliated for 49 years. Hejoined the Association in 1934.

LEMUEL J. COLBATH, Detroit Chapter,who retired after 44 years' service withAmerican Chain & Cable Co., Inc. Mr.Colbath became a member of N.A.C.A.in 1935.KERR MURRY CRESSLER, Past Presidentof St. Louis Chapter, who retired fromGranite City Steel Co. He was employedby this same firm when he joinedN.A.C.A. in 1931.

GEORGE W. DENNY, JR., Denver Chap-ter, who retired from the Public UtilitiesCommission of the State of Colorado.He became an N.A.C.A. member in 1933.

EUGENE V. DRAKE, Milwaukee Chapter,who retired from Kearney & TreckerCorp. He became a member of N.A.C.A.in 1922.

LEWIS K. EDWARDS, Lancaster Chapter,who retired from Burroughs Corp. after37 years' service. He joined N.A.C.A.in 1935.

TRUMAN W. EUSTIS, Detroit Chapter,who retired from the Sales Section ofGeneral Motors. He became a memberof N.A.C.A. (Dayton Chapter) in 1927.

EDWARD L. FITZGERALD, Past Presidentof Houston Chapter, who retired fromHumble Oil & Refining Co. after 45years' service. A charter member ofHouston Chapter (organized in 1932),he served on the organization committee,and was first Secretary of the chapter.

714

Mr. Fitzgerald also is a Past NationalDirector.CLIFTON W. GREGG, New York Chapter,who retired as Vice President, Treasurerand Director of The Flintkote Company.He became a member of N.A.C.A. in1928 when he joined Boston Chapter.

CLARENCE R. HAAS, Philadelphia Chap-ter, who retired as a Member of Lybrand,Ross Bros. and Montgomery, Philadel-phia. He became a member of N.A.C.A.in 1931.

JOHN H. HAYES, Los Angeles Chapter,who retired as Assistant Branch Manager,Monroe Calculating Machine Co., Inc.He joined the Baltimore Chapter ofN.A.C.A. in 1930.E. W. HEDLAND, Past President of LosAngeles Chapter, who retired as AssistantTreasurer of the Los Angles Examiner,after 36 years' continuous service. Hebecame a member of N.A.C.A. in 1922.

E. F. HEIDEN, Detroit Chapter, who re-tired as Controller and Assistant Treas-urer of Dominion Forge, Ltd., Windsor,Ontario, Canada, after 42 years' service.He became a member of N.A.C.A. in1921.FRANK T. HESS, Cleveland Chapter, whoretired as Representative, Stingel ServiceDatamatic Corp. He joined N.A.C.A.'sSyracuse Chapter in 1924.

W. P. HILTON, Hampton Roads, who re-tired from the accounting firm of Hilton,Sheffield & Hilton, Norfolk, Va. Mr.Hilton is a Charter Member and Past Na-tional Vice President of the Association,

(Continued on page 717)

N.A.C.A. BULLETIN

IN THE PUBLIC EYE

Bangor's Harold Royal has been appointedState of Maine Director and Vice Presi-dent of the New England Regional Coun-cil of the National Association of PublicAccountants.

Baton Rouge's Al S . Haase has been namedChairman of the Governmental Divisionof the United Givers Fund Drive. .Clarence L. Dunn has been re- elected tothe Board of Directors of the UnitedCerebral Palsy Organization.

Boston's Alfred Spurr recently served asChairman of the Tax Forum meeting heldat Northeastern University, and is servingfor the fourth consecutive year on theEducation Committee of the ControllersInstitute.

Buffalo's Robert G. Allyn served as Modera-tor of the panel session on "AccountingAs a Profession" held at Canisus Collegerecently; on the panel proper were EdwardL. Wallace, Robert P. Schermerhorn andRalph W . Seiler. . . George Potter hasbeen named a member of the GeneralBusiness Management Advisory Commit-tee of the State University Agriculturaland Technical Institute at Alfred, N. Y.

Cedar Rapids' Maurice Breen has been ap-pointed by the Crushed Stone Industryto a National Committee to set up aUni form Cost System.. . . Walter Badgerand Keith Dunn have been named to theMembership and Natural Business YearCommittees, respectively, of the Ameri-can Institute of Accountants. . S. A.Lawrence spoke on "How Medium SizedComputers Are Being Used in AutomaticData Processing" at the InternationalConference on Automation for the Office,in New York, co- sponsored by FordhamUniversity School of Business and theThird International Automation Exposi-tion.

Chattahoochee Valley's Roy Christie au-thored an article outlining easy methodsfor small businesses to collect delinquentaccounts for The Office magazine.

Cincinnati's George C. Selzer has been ap-pointed to serve as Chairman of the Ex-ecutive Committee for the celebration ofXavier University's 125th Anniversary.

Cleveland's Clarence Seik and George Tal-mage were featured speakers before theCleveland Society of Professional Pho-tographers on the subject, "Finding YourCosts "; the former discussing costing ma-terials used and dark room procedures ofphotographic studios, and the latter, theeffect of these costs on Profit and Lossexpense schedules. . . . Carl O. Wessmanhas been elected President of the Cleve-land Chapter of the National Society forBusiness Budgeting; elected to the Coun-cil were Carl Engel and Leonard Krause.

Columbia's Monroe David has been electedState Chairman, Municipal Finance Of-ficers Association and President of theColumbia Chapter of CPA's.

Columbus' Clark E. Loofbourrow served asChairman of a committee which auditedthe Junior Achievement of Columbus, Inc.Members of the committee included JesseH. Baldwin, Arthur L. Burgess, Jr., Phil-lip A. Ficocella, Robert W . Moore, andFrancis B. Ryan. . Dan Shonting ad-dressed the Columbus Chapter, NationalMachine Accountants Association, on"Machine Accounting at the CollegeLevel." Paul Fertig spoke to thelocal chapter of the Ohio Society of CPA'son "A Continuing Education Program forCPA's."

Dayton's Max E. Huggler is currently servingas Cost Accounting Instructor at nightclasses held at Sinclair College.

Detroit's Donald J. Bevis spoke on "RecentDevelopments in Auditing Techniques"at the Sixth Annual Symposium of theFederal Government Accountants Associa-tion, in Washington, D. C. . . WallaceM. Jensen spoke on "Future Prospects"at the Ninth Annual Federal Tax Lec-tures, sponsored by the Michigan Asso-ciation of CPA's in cooperation with theUniversity of Michigan. . Charles D.Davis is serving on the Depreciation Ac-counting Committee of the Edison Elec-tric Institute. Serving on other commit-tees are Harold Bullion and GeorgeHiggins (Customers Accounting), Ken-neth Locke and Russ Watson (GeneralAccounting), and George Oehmke (PlantAccounting and Property Records).

J A N U A R Y , 1937 713

Erie's Richard Buseck spoke on "Taxes" be-fore the Millcreek Kiwanis Club.

Evansville's John Hadden addressed the book-keeping classes of North High School on"Opportunities in Accounting."

Houston's Emmet B. Day had an article,"Brainstormed," in a recent issue ofToastmaster Magazine. . George K.Pfeiffer was elected to the Board of Di-rectors of the Houston Association ofCredit Men.

Jackson's Gordon W . Misch has been ap-pointed a Director of the MississippiManufacturers Association.

Kalamazoo's Robert Weinight recently ad-dressed the Kalamazoo Accountants Asso-ciation and the Battle Creek PersonnelAssociation.

Lancaster's John W . Sheetz is serving asChairman, Special Gifts Committee ofthe Sight Conservation Program of theLebanon Lions Club. . . Fred J. Muthaddressed the Controllers Institute in NewYork on "An Evolution of Direct Cost.ing."

Long Beach's Emmett M. Engstrom is nowSuperintendent of the Good ShepherdLutheran Home of the West, for mentallyretarded and handicapped children.

Los Angeles' J. W . B. Stanley spoke on"Property Records on Punch Cards" be-fore the Southern California S.P.A.Chapter.

Merrimack Valley's Warren Bennett, JohnKing and Frank Mitchell are serving onthe committee initiating the MerrimackValley Chapter of the Bentley AlumniAssociation.

Milwaukee's O. N. Strobel delivered a paperon "Internal Auditing" before the Inter-national Conference of the Municipal Fi-nance Officers Association, in Washington,D. C., which has since been issued tomembers as a special bulletin.

Mohawk Valley's Roy Hart has been desig-nated a Vice President of the EmpireState Accountants. . . Herbert Chapplehas been elected Fort Schuyler DistrictChairman of the Boy Scouts of Americaand a Member of the Board of UpperMohawk Council.

Muskegon's Louis Janda has been presentedwith the highest award given by DeMolay,the "Cross of Honor ", for "outstandingservice to both Order and community.

New York's William H. Radcliffe has copy-righted a new General Ledger doubleentry trial balance procedure titled "Ac-countant's Block -Aid T /B ".

Norwich's Denis Leahy is now Vice Chair-man of the Employee Division of the Gro-ton -New London - Waterford Red FeatherCampaign.

Philadelphia's Dr. Adolph Matz has returnedfrom Chile where he conducted an Ad-vanced Management Training Course totop executives in that country.

Pittsburgh's Edward J. Hanley addressed theHarvard Business Club of Pittsburgh on'Corporate Contribution to the UnitedFund ". . . . C. G. Davison spoke at theControllers Institute's annual conferencein New York on "Cost Control in thePaint Industry '. . . . L. Stanton Wi l -liams addressed the American Manage-ment Association in New York City on"Direct Costing."

Sangamon Valley's Paul M. Green addressedthe Sixth Annual Symposium of the Fed-eral Government Accountants Associa-tion, in Washington, on "Trends in Ac-counting and Auditing in Education," . . .Norton Bedford is a contributing authorto the Accountants Handbook, writingon the subject "Analysis of FinancialStatements '. . Paul Ellis is Chairmanof the Audit of the Decatur United Fund,whose fellow committee members areWilliam Bishop, Jr., Donald Sullivan,Lewis Whisnant, Robert Baker, MelvinCox and Edward Stivers.

Seattle's Mrs. Renie Bennett was a partici-pant in the tax panel on "Patent and OilPayments" at the annual meeting of theAmerican Women's Society of CertifiedPublic Accountants.

Tri Cities' Guy Wickwire spoke on "FactorsInvolved in Evaluating Punched Cardsfor Small Business" at a forum held inIowa City by the Iowa Association ofCPA's.

Worcester's Charles Sanders conducted apanel session on "Costs" at the Massa-chusetts Protective Association's annualconvention.

7 1 6 N. A. C . A . B U L L E T I N

Gold Cards Presented (Continued from page 714)

having become an N.A.C.A. memberDec. 19, 1919.

L. H. HULLETT, San Francisco Chapter,who retired as Cost Accountant of Can-ning Machinery Div., Food Machineryand Chemical Corporation. He became amember of N.A.C.A. in 1921.

CHARLES L. JOHNSON, Past President ofGreenwich - Stamford Chapter, who retiredas Treasurer of Hat Corporation ofAmerica early in 1956. He became amember of the Bridgeport Chapter in1933.

WILLARD F. JONES, Past President ofScranton Chapter, who retired after 33years' service with the Department ofInternal Revenue, U.S. Treasury. Hebecame an N.A.C.A. member in 1925.

HENRY S. KREMER, Philadelphia Chap-ter, who retired after 45 years' servicewith Lybrand, Ross Bros. & Montgomery,Philadelphia. He joined the Associa-tion in 1923.

ANGUS A. MCDONALD, Seattle Chapter,who retired from the C.P.A. firm ofwhich he was a Partner, McDonald andBryan. He became a member of N.A.C.A.in 1922.

J. MANNING MCLEOD, Past Treasurer ofthe Washington, D. C. Chapter, who re-tired from Lee White and Company. Hejoined N.A.C.A. in 1932.

CLARENCE E. MALM, San FranciscoChapter, who retired from the CaliforniaState Department of Finance. He joinedN.A.C.A. in 1930.

D. R. MATTHEwsON, Dayton Chapter,who retired from the Delco Products Di-vision of General Motors Corporation,after 37 years of service. He became anN.A.C.A. member in 1935.

AL MILLER, Los Angeles Chapter, whoretired as General Auditor of ChryslerMotors California. He became a mem-ber of the Association in 1933.

J. H. O'CONNELL, St. Louis Chapter, whoretired as Resident Partner, Haskins &Sells, St. Louis. He became a member ofN.A.C.A. in 1926.

GEORGE W. OSBORN, Past President ofHartford Chapter, who retired from In-ternational Silver Company, where hehad been employed since 1909. He be-came an N.A.C.A. member in 1920.

H. WARNER OVERLEY, JR., LouisvilleChapter, who retired as Assistant Auditorof Louisville Cement Co., after 34 yearsof service. He joined N.A.C.A. in 1929.

GEORGE PERT, New York Chapter, whoretired from the firm of Goldman Sachs& Company. He joined N.A.C.A. in1927.

ROBERT PIERCE, Past President of DetroitChapter, who retired as a Partner inPierce Investment Corp. A member ofthe Spot Club, he joined N.A.C.A.'sKansas City Chapter in 1921.

JOHN P. POST, Norwich Chapter, whoretired from the General Dynamics Corp.,Electric Boat Div., Groton, Conn. Hejoined the Hartford Chapter of N.A.C.A.in 1931.

JANUARY, 1957 717

GERALD PRESHAW, Past President of LoaAngeles Chapter, who retired fromPreshaw & Thompson, Inc. He becamean N.A.C.A. member in 1930.

D. A. RATLIFF, Past Vice President ofAtlanta Chapter, who retired as DivisionManager, Accounting and Office, AtlantaSales Division, Gulf Oil Corp. He wasaffiliated with this firm at the time ofjoining N.A.C.A. in 1935.

HARVEY J. RHODES, Detroit Chapter,who retired from the position of Gen-eral Factory Auditor, Chrysler Corp.,with which company or affiliates he hadbeen associated since 1913. He joinedN.A.C.A. in 1930.

GEORGE L. ROSS, Louisville Chapter,who retired from The Carter Dry GoodsCo., Inc., after 53 years' service. Hebecame a member of N.A.C.A. in 1931.

ALFRED S. SEAR, Past President of Cin-cinnati Chapter, who retired from theWadsworth Division, Elgin NationalWatch Co., Dayton, Ky. He became amember of N.A.C.A. in 1923.

ROBERT B. SERVICE, JR., Past NationalVice President and Past President ofWorcester Chapter, who retired as Inter-nal Auditor of the Norton Company. Hebecame a member of N.A.C.A. in 1923.

FRANK S. SIMON, St. Louis Chapter, whoretired as Vice President and Controllerof Wagner Electric Corp. He became amember of N.A.C.A. in 1920.

EMORY J. STEARNS, Charter Member andPast Secretary and Director of SyracuseChapter, who retired from New Process

Gear Corp. He became a member of

N.A.C.A. in 1923.

E. F. STEINER, Erie Chapter, who retiredfrom the Reed Manufacturing Co., withwhich he served for 46 years. He joinedN.A.C.A. in 1925.

CHARLES EUGENE STEVENS, Past Presi-dent of Indianapolis Chapter, who re-tired from a private practice of account-ing. He joined N.A.C.A. as a chartermember of Indianapolis Chapter, in 1927.

LAWRENCE M. TOBIN, Columbus Chap-ter, who retired from Felt & Tarrant Mfg.Co., with which he had been affiliatedsince 1913. He became an N.A.C.A.member in 1930.

WALTER J. VERNIER, who retired asTreasurer of the Broad Brook Company,Broad Brook, Conn. He became a mem-ber of N.A.C.A.'s Detroit Chapter in

1932.

J. G. WINGO, Cincinnati Chapter, whoretired as Business Accountant, Procure-ment Div., Contracting Branch, Depart-ment of Army. He joined N.A.C.A. in1934.

M. M. WOLTZ, Past Vice President of SanFrancisco Chapter, who retired from theCoast Manufacturing and Supply Co., ofLivermore, Calif., the company withwhich he was affiliated at the time ofjoining N.A.C.A. in 1929.

GEORGE J. YOUNG, New York Chapter,who retired as Principal of the BusinessAdministration Department of NationalBusiness College. Joining RochesterChapter in 1926, he later was affiliatedwith Philadelphia and Richmond.

718 N.A.C.A. BULLETIN

C O N G R A T U L A T I O N S T O

Donald F. Hones, ANN ARBOR, who is nowAssistant Controller of Fabricon Prod-ucts, River Rouge, Mich.

E. Walter Cannon, ATLANTA, recently ap-pointed Office Manager, Lockheed Air-craft- Georgia Division.

John J. Kenny, BALTIMORE, who became As-sistant Treasurer of Crown Cork andSeal Co.

John Bodeau, BIRMINGHAM, admitted to Part -nertbip, Ernst & Ernst.

Murray Altsher, BOSTON, who has joinedthe staff of Peter Bent Brigham Hospital,as Chief Accountant. . Paul V. Cu-sick, made a Director of the HarvardTrust Company.

Jack Flynn, BRIDGEPORT, who has completed40 years' service with Manning, Maxwelland Moore. . James Boyle, ap-pointed Assistant Treasurer of SpragueMeter Co.

Preston Purvis, CALUMET, upon his promo-tion to Assistant Works Auditor, GaryWorks.

Marvin Strang, CEDAR RAPIDS, who is nowan Accountant with the Cry -O -Vac Com-pany.

Nathan Adelstein, CHATTANOOGA, who hasopened his own public accounting office.

Theodore Bonnevier, CHICAGO, who is nowAssistant Vice President and Controllerof Acme Steel Company. He is PastPresident of the Chapter.

George Talmage, CLEVELAND, now Controllerat Modern Tool & Die Company.

Richard H. Doger, COLUMBUS, promoted toAccounting Manager, The Crane Co.

Ralph S. DeVoult, DALLAS, who has been ap-pointed Controller of Delta Tank Manu-facturing Co., Inc.

Robert Watkins, DAYTON, promoted to Sec-retary of Gem City Ice Cream Company.

Ray Chamberlin, DES MOINES, who has beenpromoted to Supervisor of EmployeeTraining at Ipalco.

John W. Burns, DETROIT, upon his appoint-ment to Supervisor of Plant Accounting,Murray Corporation of America.R. A. Van Waen, now Office Manageof Rutten, Welling & Co.

Edwin Clarke, ELMIRA AREA, who has beenpromoted to Plant Accountant at CorningGlass Work's Central Falls, R. 1. plant.

Donald Sasser. ERIE, promoted to AssistantManager, Wesleyville Branch, First Na-tional Bank.

Forest E. Rogers, EVANSVILLE, appointedOffice Manager for the Warrick Worksofthe Aluminum Company of America.

William R. Bosse, FORT WAYNE, who hasbeen promoted to Methods Supervisor,U. S. Rubber Co.

H. E. Trulove, FORT WORTH, promoted 10

Internal Auditor and Tax Accountant idSouthwestern Greyhound Lines, Inc.

J. D. Florow, HOUSTON, who is now ChiefAccountant, Gulf States Asphalt Co. andGulf Seal Corp. . . . Robert Van Dyke,now Assistant Controller of SouthwesternIndustrial Electronics Co.

John E. Woolridge, JACKSON, upon complelion of 30 years' service with the Missis-sippi Valley Gas Company.

. .

. MerlonWilliams, now an Accountant with DeVinney Construction Co.

Gerald D. Blouse. KALAMAZOO, who hasbeen named Assistant Controller at AlliedPaper Mills.

Chrales F. Fullam, KNOXVILLE, upon his pro-motion of Assistant Chief of the AuditBranch, Atomic Energy Commission.

Edward M. Schweppenheiser, LANCASTER,who is now Controller of the SowersPrinting Co., Lebanon.

John Roby, LANSING, who has become CostEstimator in the Workwall Movable Par-titions Division of L. A. Carling Com-pany. . . . Hubert D. Federer, electedPresident, General Manager and Treas-urer by the Board of Directors of TenWickwire & Co.

Stanley A. Wainer, LOS ANGELES, who barbeen elected to the Board of Directors of

JA NUAR Y, 1957 719

Telemeter Magnetics , Inc .. . . F. J. Snell,appointed to Manager of Financial Plan-ning and Reporting, Minneapolis- Honey-well Regulator Co.

Martin J. Amlong, Jr., LOUISVILLE, nowManager of the Ernst & Ernst office inHopkinsvil e.

William A. Barclay, MEMPHIS, who is nowManager of the Tax Department, Ernst& Ernst.

Vincent L. Amato, MID- HuDsoN, elected Sec-retary, and John H. Corcoran, electedTreasurer, of Mid- Hudson Oil Company.

Theodore Feig, MINNEAPOLIS, who has beennamed Chief Accountant of Toro Manu-facturing Co. . W . O. Wichelmann,appointed Chief Cost Accountant of theAccounting Dept. of the MinneapolisDivision of Minneapolis- Honeywell Reg.ulator Co.

John Livingston, MOHAWK VALLEY, electedVice President of Oneida National Bank& Trust Company. . . . George Yates,promoted to Assistant Treasurer of theSavings Bank of Utica.

James Palmer, NASHVILLE, now BusinessManager of the local Baptist Hospital.

Michael SideII, NEW HAMPSHIRE, who hasbeen elected Assistant Treasurer of theManchester Federal Savings and LoanAssociation.

Andrew W. Hughes, NEWARK, promoted toController of Rheem Manufacturing Co.

Billie Smith, NORTH ALABAMA, named Man-ager of the Decatur office of Ernst &Ernst.

Hugh Frost, OAKLAND -EAST BAY, who hasbeen elected a Director of Safeway Com-pany.

Herbert Blair, PEORIA, who has been pro-moted to Secretary and Assistant Comp-troller of Cilco Co.

Claude Y. Barto, PHILADELPHIA, upon thecompletion of SO years' service withRiverside Metal Company, Division ofH. K. Porter Company, Inc.

M. J. Demeter, PITTSBURGH, promoted to As-sistant Works Manager of the Spang-Chalfant Division of National SupplyCompany.

Arthur Forst, POMONA VALLEY, now ChiefAccountant and Office Manager, Stoner -Mudge Pacific Company, in Azusa.

James H. Lawrence, PROVIDENCE, who is nowOffice Manager of Anthony Creations,Inc.

L. C. Alfmausberger, ST. Louis, who hasbeen promoted to Manager of the Budget,Cost and Analysis Division, Ralston Pur.ina Company. . Fred H. Rut. ad-mitted to Partnership in the firm of PaulE. King & Associates, Management En-gineers.

Jay W. Lewis, SALT LAKE CITY, who is nowChief Accountant of Machinery Center.

. Grant A. Fisher, upon his promotionto Accountant of the Technical OfficeService, Columbia- Geneva Steel Div.,U. S. Steel Corp.

Elwood E. Baldwin, SAN ANTONIO, nowOffice Manager for Colonial Cake Co.

C. A. Vobroucek, SANGAMON VALLEY, Uponhis promotion to Chief Accountant, Cater-pillar Tractor Co.'s Peoria Plant.

Frederick N. Dakin, SCRANTON, who hasbeen elected President and Treasurer ofCherry River Boom and Lumber Co.

J. Lindsay Cook, SEATTLE, who with Lau.rence L. Payne, has formed the C.P.A.firm of Cook & Payne.

W. E. Odom, SHREVEPORT, upon his electionto Controller of the Murphy Corp.

Lloyd A. Unger, SOUTH BEND, who is nowChief Accountant of the South BendDivision of the Utica -Bend Corp.

William DeHaven, SYRACUSE, promoted t oNight Superintendent, Unitary EquipmentDivision, Carrier Corp.

Palmer W. Hancock, TOLEDO, who has beenelected a Vice President of Owens - IllinoisGlass Co. and will continue also asController. He is Past National Vice Presi-dent o f N.A.C.A.

Roland Palmer, WATERBURY, promoted toChief Accountant, Chase Brass & CopperCo.

Edward Kadera. WATERLOO, who has beenpromoted to Assistant Cashier of thePeople's Bank and Trust Co.

Lee O. Higdon, WICHITA, promoted to As-sistant Treasurer, Beech Aircraft Corp.

Kenneth P. Moore, YORK, upon his pro-motion to General Supervisor of OfficeService, Caterpillar Tractor Co.

X20 N.A .C . A . B U L L E T I N

BELOW — LESLIE I. ASHER, National Vice Presi-dent (second from ri gh t) , recently was principalspeaker at a regular meeting of Bangor Chap-ter, addressing the group on "Let's Have BetterSalaries." Chapter representatives shown withMr. Asher are ( I to r) : Dana Giggey, ProgramDirector; Chapter President Frank F. Foster, andPast Presidents Burleigh E. Barker and Jerome E.DeLisle.

VICE PRESIDENT John W. Old (above) ar-rives with Mrs. Old in Honolulu where he wasguest of honor at a luncheon given byHawai i Chapter, and later conferred withofficers and directors of the chapter at adinner meeting held in the Reef Hotel .

JANUARY, 1957 7 2 1

ELEVEN Past Presidents were on hand for thethirty -fifth anniversary of Los Angeles Chapter.Cutting the cake is E. W. Heel land, first Chap-ter President and recent Go ld Card recipient.Others (I to r) are: Dudley E. Browne, J.W.B.Stanley, Robert E. Darby, Frank S. Emerson, W.E. Karrenbrock, George A . Feichtmann, Otis L.Johnson, Harry N. Kamph, Maurice J. Dahlemand H . Leslie Rogers.

REPRESENTATIVE of ac o m m u n i t y service ren-dered by a great manyN.A.C.A. chapters through-out the U. S. each yearat this time is this photowhich shows members ofColumbus Chapter as theyaudi t the local United Ap-peals Fund. Pictured hereamid a maze of cablesand machines are ( I to r)the fo l l ow i n g d i vi s i onchairmen: Arthur W . Step-

a rti Theodore B. Johnson,Virgi l L. Furry, Herber t M.Kinneyl Edward D. Jen-kins 'stand ing), ChapterPublicity Director John M.Emery, Howard C. Kuhnle(standing), Chapter Presi-dent Harold W . Howe,Vice President Gerald B.Davis Employment Direc-tor L o l d J. Heath, Jack

W. Kennedy, Paul A .Tracy, Arthur W . Tuttle,Edward R. Ble tzac k er ,Membership Director JohnK. Mi l ler and Donald R.MacBlane.

HONORED at a recent meeting of W ill iamsportChapter were Past Presidents of the group, whoare: (seated, I to r) Charles F. Swanson, WalterJ. Burkhouse, Phi lip J. Bickett Dr. Charles J.Rowland; (standing) Luther E. krebs, Harold A.Taylor, Robert B. Penman, and current PresidentEugene F. O'Mal l ey. Seated at extreme right isHeadquarters Representative W alter Kasunic. No tpresent, Robert S. Krebs and R. Lee Fenstamaker.

PICTURED at a meeting of the New York Chapter in the grandbal l room of Hotel Delmonico is a group that includes eight PastPresidents of the chapter and Past National President W il liam B.McCloskey. Shown (I to r) are: Clarence Crocheron, Robert L.Mitchel l , Warren W . Byrne, W il l iam E. Jacoby, Mr. McCloskey,C. A . Rosenberger, Ceci l D. Marshal l, Gould L. Harris, andCharles C. James.

7 2 2 N.A.C.A. BULLETIN

C H A P T E R M E E T I N G S

AKRON, Ohio January 16Woman's City Club

Outlook for 1957 — GEORGE P. HITCH -INGS, Mgr., Economic Analysis Dept.,Ford Motor Co., Akron, Ohio.

ALBANY, N. Y. January 15Shaker Ridge Country Club Latham, N. Y.

Should W e Spend the Money —JOHNL. DURKIN, Comptroller, AsbestosFibre Div., Johns - Manville Corp.

ANN ARBOR, Mich. January 17Elks Lodge

Cost Problems of an Automobile Sup-plier— MAXWELL G. SWEET, ChelseaSpring Div., Rockwell Spring & AxleCo., Chelsea, Mich.

ATLANTA, Go. January 15Dinkier Plam Hotel

The New Economic Union of the Southand the Nation— PHILIP G. HAMMER,Economist, Hammer & Co., Atlanta, Ga.

BALTIMORE, Md. January 15Lord Baltimore Hotel

Tax Rulings, Letters of Determination,and Closing Agreements: How to Ob-tain Them and Their Effectiveness —LEONARD RAUM, Lybrand, Ross Bros.& Montgomery, Washington, D. C.

BANGOR, Me. January 21Torratine Club

Current Tax Problems of Small Busi-nesses—B. HOWARD SPICKER, C.P.A.,Boston, Mass.

BATON ROUGE, La. January 15Bob 6 Jake's Steak House

Management Participation Opportunitiesfor the Accountant —J. W. GLADSON,Asst. Controller, Esso Standard OilCo., New York, N. Y.

BINGHAMTON. N. Y. January 17Hotel Arlington

Automation and What About MeTHOMAS M. Foy, Reading Dist. Mgr.,Standard Register Co., Dayton, Ohio

BIRMINGHAM, Ala. January 22Tutwller Hotel

Management Accounting — ARTHUR H.SMITH, Mgmt. Analyst, General Mills,Inc., Minneapolis, Minn.

BOSTON, Mass. January 16Hotel Bradford

Top Budgets and Reports —FRANK Z.OLES, Asst. Controller, Davison Chem-ical Co. Div., W. R. Grace & Co.,Baltimore, Md.

BRIDGEPORT, Conn. January 15Barnum Hotel

Minimizing Taxer for Small Businessesand Individuals — WILLIAM F. CON -NELLY, J. William Hope & Co., Bridge-port, Conn.

BROOKLYN, N. Y. January 16Clements Club

Economic Outlook —DWIGHT MICH-ENER, Economist, The Chase NationalBank, New York, N. Y.

BUFFALO. N. Y. January 17Peace Bridge Motel

The Long Hard Fight to Control Over-head Costs —R. F. NEUSCHEL, Principal,McKinsey & Co., New York, N. Y.

CALUMET January 22Phil Smidt's

Wou ld Yo u Believe I t ? — JimmyDYKES, Coach, Cincinnati Red Legs,Cincinnati, Ohio

CEDAR RAPIDS, Iowa January 15Hotel Montrose

The Iowa Tax Problem— ROBERT JOHN-SON, Prof. of Economics, State Uni-versity of Iowa, Iowa City, Iowa.

CHARLOTTE, N. C. January 18Hotel Mecklenburg

Human Relations— LESLIE L. HELMER,Dir. of Industrial Relations, CelaneseCorp. of America, New York, N. Y.

CHATTAHOOCHEE VALLEY January 14Ralston Hotel Columbus, Ga.

Basic Principles of Work Simplification—S. L. ADAMS, JR., Industrial Engineer,Republic Steel Corp., Alabama City,Ala.

CHATTANOOGA, Tenn. January 16Hotel Patten

Some Aspects of Taxation —T. COLE-MAN ANDREWS, Chrmn. of Bd., Ameri-can Fidelity & Casualty Co., Inc., Rich-mond, Va.

CHICAGO, III. January 24Furniture Club of America

What Does Production Expect of theAccountant— WALTER B. SCOTT, VicePres., Motorola Inc., Chicago, Ill.

CINCINNATI, Ohio Janeary 17Sberoten- Gibson Hotel

Management Development: Horizontaland Vertical— WILLIAM LEVY, Exec.Dir., Education & Research, Nat'l Assn.of Foremen

J A N U A R Y , 19 57 7 2 3

CLEVELAND, Ohio January 17Carter Hotel

Profit Management and Control —FREDV. GARDNER, Fred V. Gardner &Assoc., Milwaukee, Wis.

COLUMBIA, S. C. January 17JeMrson Hotel

Quicker Reporting —L. W . BRUMMER,Plant Accountant, Chemstrand Corp.,Pensacola, Fla.

COLUMBUS, Ohio January 28Deshler-Hilton Hotel

Business Electronics: 1957— WALTEROTT, Asst. Treas., Cincinnati Gas &Electric Co., Cincinnati, Ohio

COOSA VALLEY January 17JeAerson Davis Hotel Anniston, Ala.

Investment Management — HOWARD S.MCNAIR, Courts & Co., Atlanta, Ga.

CUBA January 16Hotel Comodoro Habana, Cuba

AnXisis Econdmico de la Contratacidnde los Factores de la Produccidn —DR.RUFo LoPEx FRESQUET, Economista

DALLAS, Texas January 18Melrose Hotel

Count the Costs—LOUIE E. THROG-MORTON, Vice Pres., Republic Na-tional Life Insurance Co., Dallas, Texas

DAYTON, Ohio January 15Engineers Club

Control of Inventory — EUGENE A.JOHNSON, Sec'y.- Treas. & Controller,Union Wire Rope Corp., Kansas City,Mo.

DELAWARE January 10Kent Manor Inn New Castle, Del.

Business Outlook for 1957 — DR.WALTER W. CHADBOURNE, Mgr., Eco-nomic Research Div., Hercules PowderCo., Wilmington, Del.

DENVER, Colo. January 15University Club

Systems Analysis —BEN S. GRAHAM,Dir., Methods Research, Standard Regis-ter Co., Dayton, Ohio.

DES MOINES, Iowa January 16Des Moines Golf & Country Club

Better Methods and Procedures forSmaller Companies —JOHN L. MARLEY,John L. Marley & Co., Chicago, Ill.

DETROIT, Mich. January 24Park Shelton Hotel

Product Planning: Opportunities forEngineers and Accountants —HARRY E.CHESEBROUGH, Exec. Engineer, En-gineering Div., Chrysler Corp., Detroit,Mich.

EAST TENNESSEE January 17Ridgelields Country Club

How Data Processing Affects the CostAccountant —J. J. KEIL, I. B. M. Corp.,Cincinnati, Ohio

ELMIRA AREA January isMark Twain Hotel Elmira, N. T.

Measuring Performance by Return onGroff Atfelf— WILMER R. WRIGHT,Stevenson, Jordan & Harrison, Inc. NewYork, N. Y.

ERIE, Pa. January 21Saga Club

Cost Control Doesn't Happen, It IsPlanned — ROBERT T . MORGAN, Tech-nical Div. Mgr., The McBee Co.,Athens, Ohio

EVANSVILLE. Ind. January 17Smitty's Steak & Sea Food House

The Importance of Cost Estimating —D.W. THOMPSON, Prof. in Acctg., In-diana University

FALL RIVER -NEW BEDFORD January 17Stone Bridge Inn Tiverton, R. I.

The Development and Use of Manage-ment Controls —FRED J. SENGSTACKS,Partner, Scovell, Wellington & Co.,New York, N. Y.

FORT WAYNE. Ind. January 15Chamber of Commerce

Problems and Opportunities of the In-ternal Auditor—EDWARDs B. MURRAY,Mgr., Audit Dept., General Electric Co.,Schenectady, N. Y.

FORT WORTH, Texas January 17Worth Hotel

Modern Trends in Municipal FinancialStatements —Roy L. POPE, Roy L. Popeand Spillers Co., San Antonio, Texas

FOX RIVER VALLEY January 23Old Hickory

Economic Conditions and Business Pros-pects—GEORGE W . MITCHELL, VicePres., Federal Reserve Bank, Chicago,Ill.

GRAND RAPIDS, Mich. January isPantlind Hotel

President's Vie w of the AccountingDepartment — LEONARD O. ZICK, Pres.,Peoples Savings Bank, Port Huron,Mich.

GREENWICH- STAMFORD January 15Half-Way House Darien, Conn.

Banking Credit— THOMAS O. WAAGE,Mgr., Public Information Dept., Fed-eral Reserve Bank of N. Y., NewYork., N. Y.

HAGERSTOWN. Md. January 17Hotel Alexander

Industrial Credit Management —JOHNR. BELL, Treas., Pangbom Corp.,Hagerstown, Md.

724 N.A .C . A . B U L L E T I N

HAMPTON ROADS January 16Carl Parker's Restaurant So. Norfolk, Va.

Keep the Green Light On —JAMES W.DODD, JR., Asst. Vice Pres., FederalReserve Bank of Richmond, Richmond,Va.

HARRISBURG, Pa. January 22Penn Harris Hotel

Investments from the Layman's Stand -Point—LESTER M. ITTERLY, Pres.,Itterly - Walter, Inc., Harrisburg, Pa.

HARTFORD, Conn. January 15Indian Hill Country Club Newington, Conn.

How To Make Capital Controls Work

—JOHN E. RHODES, Controller, Light-ing Div., Sylvania Electric Products,Inc., Salem, Mass.

HAWAII January 22The Financial Outlook for the Jet Agein Hawaii —MAJOR SAM WEST, Dir.,Information Services, U. S. Air Force

HOUSTON, Texas January 1SWeldon's Cafeteria

Are Accountants Obsolete?—DR. H. R.J . GROSCH, Aircraft Gas Turbine Div.,General Electric Co., Cincinnati, Ohio

INDIANAPOLIS, Ind. January 16Severin Hotel

Income Taxes —Panel Discussion

JACKSON, Miss. January 17Walthall Hotel

A Scientific Approach to Problem Solv-ing—DR. HENRY J. ENGLER,JR.,Dean,College of Bus. Admin., Loyola Uni-versity, New Orleans, La.

JAMESTOWN. N. Y. January 1SHotel Jamestown

Centralized Timekeeping Pays Off —DONALD W. CORLESS,Supervisor, Tabu-lating, Payroll & Timekeeping, Ameri-can Optical Co., Instrument Div., Buf-falo, N . Y.

KALAMAZOO, Mich. January 22Columbia Hotel

Industrial Cost Quiz —DAVID P. FRY,JR., 'Controller, Cochrane Corp., Phila.delphia, Pa.

KANSAS CITY, Mo. January 21Hotel President

Economic Forecasting — CHARLES F.Roos, Pres., Econometric Institute, Inc.,New York, N. Y.

KNOXVILLE, Tenn. January 15Hotel Farragut

Pricing Under a Direct Cost System —T. H. NICHOLSON, SR., Engineer,Stevenson, Jordan & Harrison, NewYork, N. Y.

J A N U A R Y , 1957

LAKE SUPERIOR January 16Flame Restaurant Duluth, Minn.

Ways of Cutting Costs and SpeedingUp Accounting Procedures — HOWARDB. SCOTT, Branch Mgr., BurroughsCorp,. Duluth, Minn.

LANCASTER, Pa. January 16

Hotel BrunswickLooking Ahead in 1957— WALTER E.HOADLEY, Treas., Armstrong Cork Co.,Lancaster, Pa.

LANSING, Mich. January 17

Roosevelt HotelCosts Accounting in a Fully Auto-mated Plant —JAMES PILZ, TimkenRoller Bearing Co.

LEHIGH VALLEY January 16Bethlehem Club Bethlehem, Pa.

Profit Sharing—SARTELL PRENTICE, JR.,Counselor on Profit Sharing, WestHempstead, N. Y.

LONG BEACH, Calif. January 16Lafayette Hotel

The Cost of Scouting —STORRS SMITH,Boy Scouts of America, Los Angeles,Calif.

LONG ISLAND January 15Garden City Hotel Garden City, L. 1.

The Guaranteed Annual Wage —SAR-TELL PRENTICE, JR., Counselor onProfit Sharing, West Hempstead, N. Y.

LOS ANGELES, Calif. January 1SRodger Young Auditorium

Accouting Can Be Sold—TONY WHAN,SR., Vice Pres., Pacific Outdoor Ad-vertising Co., Los Angeles, Calif.

LOUISVILLE, Ky. January 16Kentucky Hotel

Control of Maintenance Costs— GEORGEE. MEYERS, Management Consultant,Waban, Mass.

MASSACHUSETTS NORTH SHORE January lbHotel Hawthorne Salem, Mass.

Banking Procedures — LEONARD P.CHAMBERLAIN, Auditor, The ProvidentInstitution for Savings, Boston, Mass.

MEMPHIS. Tenn. January 16Gayoso Hotel

Highlights in Current Federal IncomeTax Law —KEITH B. ANDERSON, C.P.A.,Memphis, Tenn.

MERRIMACK VALLEY January 16Andover Country Club Andover, Mass.

A Penny Saved Is a Penny Earned —JOHN F. PIERCE, Management Con-sultant, Boston, Mass.

725

MID - HUDSON January 21Anchor Inn Arlington

The Attitude of Unions Toward Costs— GEORGE W. BROOKS, Dlr., Dept. ofResearch & Education, InternationalBrotherhood of Pulp, Sulphite andPaper Mill Workers, Washington, D. C.

MILWAUKEE, Wis. January 21Elk's Club

Removing Roadblocks To Better Con-trol Reports for Management —G. L.MURRAY, Partner, Haskins and Sells,Chicago, Ill.

MINNEAPOLIS, Minn. January 10Radisson Hotel

Accounting Needs of Top Management—Panel Discussion

MOBILE, Ala. January 17Admiral Semmes Hotel

Estate Planning.• Trusts and Taxes —EARL R. HUDSON, Pres. Kennedy Sin -claire, Inc., New York, N. Y.

MOHAWK VALLEY January 21Club Monarch Yorkville, N. Y.

Guaranteed Annual Wage— Debate byDebate Team of Utica College

MUSKEGON, Mich. January 21Shurfine Room

Industrial Cott Quiz—DAVID FRY, JR.,Controller, Cochrane Corp., Philadel-phia, Pa.

NASHVILLE, Tenn. January 15Andrew Jackson Hotel

Business Outlook for 1957—DAVIDSTEINE, Prof., Vanderbilt University,Nashville, Tenn.

NEW HAMPSHIRE January 15Rice Variek Hotel

How To Approach the Job of Ade-quate Insurance Coverage for Your Con-cern—GEORGE P. CORNWALL, VicePres., Boit, Dalton & Church, Boston,Mass.

NEW HAVEN, Conn. January 22Seven Gables Towne House

Investigative Accounting — JOSEPH j.CASPER, Agent in Charge, New HavenOffice, F.B.I., New Haven, Conn.

NEW ORLEANS, La. January 17Leafant's Boulevard Room

Meeting the Deadline on Closing —D.M. SHEEHAN, Res. Partner, Haskins &Sells, Houston, Texas.

NEW YORK, N. Y. January 21Hotel Delmonieo

How Accounting Can Contribute toProfit Improvement, ERNEST A. CARL-SON, Controller, Johnson & Johnson,New Brunswick, N. J.

NEWARK, N. J. January 24Robert Treat Hotel

Positive Programs for Profit— GEORGEJ. WACHHOLZ, Controller, MinnesotaMining & Mfg. Co., St. Paul, Minn.

NORTH ALABAMA January 21Huntsville Country Club Huntsville, Ala.

Management Accounting— ARTHUR H.SMITH, Mgmt. Analyst, General Mills,Inc., Minneapolis, Minn.

NORTH CENTRAL OHIO January 17Mansfield- Leland Hotel Mansfield, Ohio

T o be announced —JAMES M. DAWSON,Vice Pres., & Economist, National CityBank, Cleveland, Ohio

NORTHERN WISCONSIN January 15Elks Club Menasha, Wis.

Creation and Control of Working Capi-tal—PETER M. CHIUMINATTO, Sec'y. &Treas., Charmin Paper Mills, GreenBay, Wis.

NORWICH, Conn. January 17Commerce Club

The Balance Sheet As Seen from theUnion Viewpoint— JosEPH M. ROURKE,Sec'y. & Treas., Connecticut Federationof Labor, Hamden, Conn.

OAKLAND -EAST BAY January 24Spenger's Fish Grotto

Income Tax Enforcement: Equal JusticeUnder the Law %SPURGEON AVAKIAN,Attorney -at -Law, Oakland, Calif.

OKLAHOMA CITY, Okla. January 21Hotel Biltmore

New Machines and Techniques Can Im-prove the Existing Accounting and Re-ports System —JOHN J. Fox, Partner,Lybrand, Ross Bros. & Montgomery,Detroit, Mich.

OMAHA, Neb. January 15Sheraton- Fontenelle Hotel

Today's Distribution Problems — ROBERTHAPNER, Vice Pres., Major ApplianceCo., Omaha, Neb.

PATERSON. N. J. January 16The Tree Restaurant

Cost Accounting for Distribution Ex-penseS— CHARLES H. MARTIN, Prof. ofAcctg., New York University, NewYork, N. Y.

PENINSULA -SAN JOSE January 24Ches Yvonne

Dynamic Approach to Accounting —FRED GARDNER, Fred Gardner & Assoc.,Milwaukee, Wis.

PEORIA, 111. January 16Hotel Pere Marquette

Development of Standards of Perform-ance for Executive Personnel —HARRYCLAYTON, Exec. Vice Pres., John A.Patton Management Engineers, Inc.,Chicago, Ill.

72 6 N.A. C .A . B U L L E T I N

PHILADELPHIA, Pa. January 17Kugler's Restaurant

Analysis of Net Profits in a Multi -LineCompany—RICHARD J. HALLORAN,Asst. Controller, York Corp., York, Pa.

PHOENIX, Ariz. January 15Golden Drumstick Restaurant

The Recently Enacted Arizona Use TaxLaic —C. W. HOOPER, Dir. of Use TaxDiv., Arizona State Tax Comm., Phoe-nix, Ariz.

PIEDMONT January 18Winston -Salem, N. C.

The Value o f an Accountant as an Aidto Management —S. T. R O C K W E L L , Asst.Works Mgr., Western Electric Co.,Winston - Salem, N C.

PITTSBURGH, Pa. January 16Peen-Sheraton Hotel

Computing Machines Take a Look atthe Accounting — HERBERT R. J.GROSCH, Mgr. of Investigation, GeneralElectric Co., Cincinnati, Ohio

POMONA VALLEY January 10Orange Hotel

Material Control and Its Relationshipto Cost Accounting— CLIFFORD COW -GILL, Systems & Procedures, ConvairDiv., General Dynamics Corp., Pomona,Calif.

PORTLAND, Ore. January 15Old Heathman Hotel

Recent Developments in Electronic Ac-counting —BILL CUBBERLY, ResearchEngineer, Stanford Research Institute,Portland, Ore.

PROVIDENCE, R. I. January 21Johnson's Hummocks

Control of Maintenance Cost—GEORGEE. MEYERS, Management Consultant,Waban, Mass.

RACINE- KENOSHA January 14Racine, Wis.

The Business Outlook for 1957—RoB-ERT C. HOLLAND, Economist, FederalReserve Bank of Chicago, Chicago, Ill.

RARITAN VALLEY January 16For Hills Inn

Integrated Data Processing —JAMES GIB-BONS, Dir., Electronics & Mechaniza-tion, Price, Waterhouse & Co., NewYork, N. Y.

READING, Pa. January 18Berkshire Hotel

Graphic Cost Accounting — VERNON L.HAAG, Gray Manufacturing Co., Hart-ford, Conn.

RICHMOND, Va. January 17Hotel John Marshall

Keep the Green Light On —JAMES W .DODD, JR., Asst. Vice Pres., FederalReserve Bank of Richmond, Va.

ROCHESTER, N. Y. January 16Seneca Hotel

Preparing for Office Automation —ROLAND E. DOLES, Cleveland Dist.Mgr., Standard Register Co., Cleveland,Ohio

ROCKFORD. Ill. January 15Hotel LaFayetle

A Look at the Present Tax Picture—MICHAEL J. SPORRER, Arthur Andersen& Co., Chicago, Ill.

SABINE January 21Little Mexico Restaurant Orange, Texas

Records Management —R. M. HARDIE,Regional Mgr., Business Services Dept.,Remington Rand Div., Sperry RandCorp., Dallas, Texas

SAGINAW VALLEY January 16Zehnder's Hotel Fraakenmuth, Mich.

Management's Requirements from theFinancial Department— ROBERT W .PODLESAK, Regional Plant Mgr., Chev-rolet Motor Div., General Motors Corp.

ST. LOUIS, Mo. January 15Coronado Hotel

The Accountant's Role in Human Rela-tions—WILLIAM G. CAPLES, InlandSteel Co., Chicago, Ill.

ST. PAUL, Minn. January 16Commodore Hotel

Alleviating the Cancers of Bigness —MASON SMITH, Vice Pres. & Treas.,Whirlpool- Seeger Corp., St. Joseph,Mich.

SALT LAKE CITY, Utah January 21Harman's Cafe

Federal Income Taxes and Yo u — L . A.TORREY, Res. Partner, Ernst & Ernst,San Francisco, Calif.

SAN ANTONIO, Texas January 15Gunter Hotel

Overhauling the Accounting System—F. C. LAWRENCE, Mgr., AdministrativeServices Div., Arthur Andersen & Co.,Houston, Texas

SAN DIEGO, Calif. January 1Town 6 Country Club

Data Processing for Insurance —RICH-ARD DoTTs, Asst. Vice Pres., PacificMutual Life Insurance Co., Los An-geles, Calif.

SAN FRANCISCO, Calif. January 22Engineers Club

Getting Your Reports Read By Man -agement—PAULINE PUTNAM, Consult-ant, Writing Clinic, San Francisco,Calif.

SANGAMON VALLEY January 15Elks Club Springhold, 111.

Operations Research —JAMES S. MUL-LINS, Data Processing Machines Repre-sentative, I. B. M. Corp., Chicago, Ill.

J A N U A R Y , 1957 7 2 7

SCRANTON, Pa. January 21Scranton Club

What Kind of Business Year Wi l l1957 Be?—KENNETH KRAMER, Man-aging Editor, Business Week Magazine,New York, N. Y.

SEATTLE, Wash. January 16Sorrento Hotel

Last In, First Out?—MICHAEL O'BYRNE,Controller, Pacific Car & Foundry Co.,Renton, Wash.

SHREVEPORT, La. January 17Caddo Hotel

Tabulation Equipment in the Control ofNon - Producing Leases— LEEROY BEAS-LEY, Treas., Murphy Corp., El Dorado,Ark.

SOUTH BEND, Ind. January 15Club Normandy Mishawaka, Ind.

Current Trends in Labor Relations —DUGALD BLACK, Dir. of Industrial Re-lations, Bendix Aviation Corp., SouthBend, Ind.

SOUTH FLORIDA January 17Oreagebrook Country Club Hollywood, Fla.

Budgets and Their Use —HON. RAY E.GREEN, Comptroller, State of Florida

SOUTHERN MAINE January 17EasNand Notel Portland, Me.

Application of Electronic Equipment ina Small BusineSJ— CHARLES F. GRAF,I. B. M. Corp., New York, N. Y.

SPRINGFIELD, Mass. January 16Hotel Shelton

Reducing Costs Through PaperworkSimplification— WILLIAM T. BARR, Mgr.,New Haven Distr., Standard RegisterCo., New Haven, Conn.

SYRACUSE, N. Y. January 17Cithens Club

Recent Federal Income Tax Develop-ments— DONALD G. SUMMA, ArthurYoung & Co., New York, N. Y.

TOLEDO, Ohio January 15Commodore Perry Hotel

Problems of Burden Distribution —Panel Discussion

TRENTON, N. J. January 8Hotel Stacy -Trout

Taxes —WILLIAM MORRIS, Lybrand,Ross Bros. & Montgomery, Philadel-phia, Pa.

TRI- CITIES January 1SLeClair@ Hotel Moline, 111.

The Effect of Aluminum on Our Econ-omy —FRANK NICHOLS, Pres., NicholsWire & Aluminum Co., Davenport,Iowa

TULSA, Okla. January 22Hotel Tulsa

New Machines and Techniques Can Im-prove the Existing Accounting and Re-port System —JOHN J. Fox, Partner,Lybrand, Ross Bros. & Montgomery,Detroit, Mich.

WABASH VALLEY January 15Bohannon's Terre Haute, Ind.

Mechanization for the Small Businesses—R. O. BAILEY, Mgr., Sales Develop-ment Dept., Burroughs Corp., Detroit,Mich.

WASHINGTON, D. C. January 16The Occidental

Cost Justification Under the RobinsonPatman Act — HERBERT F. TAGGART,Prof. of Acctg. & Asst. Dean, Schoolof Bus. Admin., University of Michi-gan, Ann Arbor, Mich.

WATERBURY, Conn. January 8Roger Smith Hotel

Is Electronics the Answer to EverydayAccountings —C. N . JENSON, Asst.Sales Mgr., Felt and Tarrant, Chicago,Ill.

WATERLOO, Iowa January fThe Convair Room

The Accountant's Place in IndustrialDevelopment —L. A. TOUCHAE, Exec.Sec'y., Chamber of Commerce, Water-loo, Iowa

WESTERN CAROLINAS January 18Elks Club Hendersonville, N. C.

Management Looks to the Controller —STEVE H. BOMAR, Vice Pres., Trust Co.of Georgia, Atlanta, G.

WICHITA, Kan. January 15The Broadview Hotel

A Cost Accountant in the 21st Century—BEN WHEAT, Div. Controller, Boe-ing Airplane Co., Wichita , Kan.

WILLIAMSPORT. Pa. January 14Lycoming Hotel

You and TruS1S— MALVIN F. GSTALDER,Vice Pres., First National Bank, Wi l.liamsport, Pa.

WORCESTER, Mass. January 17Putnam R Thurston's Empire Room

Preparation and Use of Budgets —PanelDiscussion

YORK, Pa. James" 16Yorktown Hotel

Investments— DR. CHARLES HAINES,Merrill, Lynch, Pierce, Fenner & Beane,New York, N. Y.

YOUNGSTOWN, Okla January 16Mural Room Restaurant

Measuring the Effectiveness of YourAccounting Department — ,JAMES R. Mc-Coy, Chairman, Dept. of Acctg., OhioState University, Columbus, Ohio

7 2 8 N.A .C . A . B U L L E T I N

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CHAPTER COMPETITION:ndings of Chapters-For Six Months Ending December 1, 1956.ACE CHAPTER POINTS PLACE CHAPTER POINTS

I. HAW AII . . . . . . . . . . . . . . . . . . . . . . . . . 2840 66. MID - HUDSON . . . . . . . . . . . . . . . . . . 20412. KALAMAZOO . . . . . . . . . . . . . . . . . . . . 2684 67. MILWAUKEE . . . . . . . . . . . . . . . . . . . . . 20013. SCRANTON . . . . . . . . . . . . . . . . . . . . . . 2678 67. TRI- CITIES . . . . . . . . . . . . . . . . . . . . . . . 20014. HOUSTON . . . . . . . . . . . . . . . . . . . . . . . 2677 69. CALUMET . . . . . . . . . . . . . . . . . . . . . . . 1990S. PROVIDENCE . . . . . . . . . . . . . . . . . . . . . 2601 70. BIRMINGHAM . . . . . . . . . . . . . . . . . . . 19776. MOHAW K VALLEY . . . . . . . . . . . . . . . 2594 71. PITTSBURGH . . . . . . . . . . . . . . . . . . . . . 19757. KNOXVILLE . . . . . . . . . . . . . . . . . . . . . . 2591 72. SPRINGFIELD . . . . . . . . . . . . . . . . . . . . 19588. POMONA VALLEY . . . . . . . . . . . . . . . 2586 73. PATERSON . . . . . . . . . . . . . . . . . . . . . . . 19499. AKRON . . . . . . . . . . . . . . . . . . . . . . . . . . 2576 74. PORTLAND . . . . . . . . . . . . . . . . . . . . . . . 1945D. FORT W ORTH . . . . . . . . . . . . . . . . . . . . 2506 75. BRIDGEPORT . . . . . . . . . . . . . . . . . . . . . 1942I. MINNEAPOLIS . . . . . . . . . . . . . . . . . . . 2475 76. DELAWARE . . . . . . . . . . . . . . . . . . . . . . 19372. NEW ORLEANS . . . . . . . . . . . . . . . . . . 2469 77. NEW HAVEN . . . . . . . . . . . . . . . . . . . . 1934I. ERIE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2462 78. WORCESTER . . . . . . . . . . . . . . . . . . . . . 19334. C H A T T A N O O G A . . . . . . . . . . . . . . . . . 2451 79. DE NVE R . . . . . . . . . . . . . . . . . . . . . . . . . . 19295. BATON ROUGE . . . . . . . . . . . . . . . . . . 2440 80. KANSAS CITY . . . . . . . . . . . . . . . . . . . 19276. SOUTH BEND . . . . . . . . . . . . . . . . . . . . 2386 81. PEORIA . . . . . . . . . . . . . . . . . . . . . . . . . . 19207. DALLAS . . . . . . . . . . . . . . . . . . . . . . . . . . 2383 82. BALTIMORE . . . . . . . . . . . . . . . . . . . . . 1918B. DES MOINES . . . . . . . . . . . . . . . . . . . . 2380 83. PENINSULA -SAN JOSE . . . . . . . . . . 19149. W ICHITA . . . . . . . . . . . . . . . . . . . . . . . . 2353 83. YOUNGSTOW N . . . . . . . . . . . . . . . . . . 19143. MERRIMACK VALLEY . . . . . . . . . . . . 2347 85. LONG BEACH . . . . . . . . . . . . . . . . . . . 1903I. COLUMBUS . . . . . . . . . . . . . . . . . . . . . . 2345 86. CH ICA G O . . . . . . . . . . . . . . . . . . . . . . . 18972. MASS. NORTH SHORE . . . . . . . . . . 2318 87. PHILADELPHIA . . . . . . . . . . . . . . . . . . 18951. DAYTON . . . . . . . . . . . . . . . . . . . . . . . . . 2305 88. ALBANY . . . . . . . . . . . . . . . . . . . . . . . . . 1889I. RICHMOND . . . . . . . . . . . . . . . . . . . . . . 2279 89. SYRACUSE . . . . . . . . . . . . . . . . . . . . . . . 1869i . ATLANTA . . . . . . . . . . . . . . . . . . . . . . . . 2269 90. WABASH VALLEY . . . . . . . . . . . . . . . . 1850S. HARTFORD . . . . . . . . . . . . . . . . . . . . . . . 2267 91. OM AH A . . . . . . . . . . . . . . . . . . . . . . . . . . 18397. EAST TENNESSEE . . . . . . . . . . . . . . . 2263 91. SHREVEPORT . . . . . . . . . . . . . . . . . . . . . 18391. TRENTON . . . . . . . . . . . . . . . . . . . . . . . . . 2262 93. BOSTON . . . . . . . . . . . . . . . . . . . . . . . . . 1837P. LOUISVILLE . . . . . . . . . . . . . . . . . . . . . . 2255 94. NEW HAMPSHIRE . . . . . . . . . . . . . . 1832I. WILLIAMSPORT . . . . . . . . . . . . . . . . . . 2230 95. BROOKLYN . . . . . . . . . . . . . . . . . . . . . . 1830I. NEWARK . . . . . . . . . . . . . . . . . . . . . . . . . 2223 96. PIEDMONT . . . . . . . . . . . . . . . . . . . . . . . 18152. WESTERN CAROLINAS . . . . . . . . . . 2212 97. SOUTHERN MAINE . . . . . . . . . . . . . . 18101. SAN ANTO NIO . . . . . . . . . . . . . . . . . . 2199 98. NASHVILLE . . . . . . . . . . . . . . . . . . . . . . 18071. FALL RIVER -NEW BEDFORD . . . . . 2197 99. MOBILE . . . . . . . . . . . . . . . . . . . . . . . . . 1787i . FOX RIVER VALLEY . . . . . . . . . . . . . . 2192 100. BANGOR . . . . . . . . . . . . . . . . . . . . . . . . 1778S. EVANSVILLE . . . . . . . . . . . . . . . . . . . . . 2190 101. COOSA VALLEY . . . . . . . . . . . . . . . . . 1762� . LONG ISLAND . . . . . . . . . . . . . . . . . . 2181 102. DETROIT . . . . . . . . . . . . . . . . . . . . . . . . . 1761I. SAN DIEGO . . . . . . . . . . . . . . . . . . . . . . 2174 102. WATERLOO . . . . . . . . . . . . . . . . . . . . . . 1761P. GREENWICH- STAMFORD . . . . . . . . 2171 104. HARRISBURG . . . . . . . . . . . . . . . . . . . . 1757I. ST. LOUIS . . . . . . . . . . . . . . . . . . . . . . . 2162 105. COLUMBIA . . . . . . . . . . . . . . . . . . . . . . 1756I. CEDAR RAPIDS . . . . . . . . . . . . . . . . . . 2155 106. ROCHESTER . . . . . . . . . . . . . . . . . . . . . 17541. SABINE . . . . . . . . . . . . . . . . . . . . . . . . . . 2148 107. NORTH CENTRAL O H IO . . . . . . . . 1748t. SALT LAKE CITY . . . . . . . . . . . . . . . . 2147 108. ELMIRA AREA . . . . . . . . . . . . . . . . . . 17291. LOS ANGELES . . . . . . . . . . . . . . . . . . . 2133 109. RARITAN VALLEY . . . . . . . . . . . . . . . 1722i. HAMPTON ROADS . . . . . . . . . . . . . . 2124 110. TULSA . . . . . . . . . . . . . . . . . . . . . . . . . . . 1717i . SANGAMON VALLEY . . . . . . . . . . . . 2124 I I I . NORTH ALABAMA . . . . . . . . . . . . . . 1716

LEHIGH VALLEY . . . . . . . . . . . . . . . . . 2123 112. JACKSON . . . . . . . . . . . . . . . . . . . . . . . . 1714I. YORK . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2120 113. INDIANAPOLIS . . . . . . . . . . . . . . . . . . 1708P. NO. W ISCONSIN . . . . . . . . . . . . . . . 2118 114. BUFFALO . . . . . . . . . . . . . . . . . . . . . . . . 17041. LAKE SUPERIOR . . . . . . . . . . . . . . . . . 2116 115. SEATTLE . . . . . . . . . . . . . . . . . . . . . . . . . . 1681

OAKLAND -EAST BAY . . . . . . . . . . . . 2095 116. SOUTH FLORIDA . . . . . . . . . . . . . . . . 1671LANSING . . . . . . . . . . . . . . . . . . . . . . . . 2087 117. SAGINAW VALLEY . . . . . . . . . . . . . . 1653CUBA . . . . . . . . . . . . . . . . . . . . . . . . . . . 2086 118. HAGERSTOWN . . . . . . . . . . . . . . . . . . . 1650

L RACINE- KENOSHA . . . . . . . . . . . . . . 2077 119. LANCASTER . . . . . . . . . . . . . . . . . . . . . . 1646TOLEDO . . . . . . . . . . . . . . . . . . . . . . . . . . 2074 120. READING . . . . . . . . . . . . . . . . . . . . . . . . 1637CHATTAHOOCHEE VAL. . . . . . . . . 2064 121. ANN ARBOR . . . . . . . . . . . . . . . . . . . . . 1630CLEVELAND . . . . . . . . . . . . . . . . . . . . . . 2063 122. ST. PAUL . . . . . . . . . . . . . . . . . . . . . . . . . 1628

1. FORT WAYNE . . . . . . . . . . . . . . . . . . . . 2060 123. SAN FRANCISCO . . . . . . . . . . . . . . . . 1595• CINCINNATI . . . . . . . . . . . . . . . . . . . . 2058 124. MUSKEGON . . . . . . . . . . . . . . . . . . . . . 1577

JAMESTOWN . . . . . . . . . . . . . . . . . . . . 2056 125. NEW YORK . . . . . . . . . . . . . . . . . . . . . 1522WATERBURY . . . . . . . . . . . . . . . . . . . . . 2055 126. BINGHAMTON . . . . . . . . . . . . . . . . . . 1426ROCKFORD . . . . . . . . . . . . . . . . . . . . . 2052 127. MEMPHIS . . . . . . . . . . . 1329GRAND RAPIDS . .

. . . . . . . . . . . . . . .2050 128. PHOENIX . . . . . . . . . . . . . . . . 1327

W ASHINGTON . . . . . . . . . . . . . . . . . . 2047 129. OKLAHOMA CITY . . . . . . . . . . . . . . . 1214NORW ICH . . . . . . . . . . . . . . . . . . . . . . . 2042 130. CHARLOTTE . . . . . . . . . . . . . . . . . . . . . 1132

J A N U A R Y , 1957 729

DATES FOR THE FUTURE!

JUNE 19575 M T W T f

29

162330

3 4 5 6 710 11 12 13 1417 18 19 20 2124 25 26 27 28

'̀S152229

38th INTERNATIONAL COSTCONFERENCE

Washington, D. C.

The Sheraton Park