NOA16CBULLE

February fC� 4� In�Two� Sectidns1957 Y �� iR,o� g Section 2

In the Ne w s

Chairmen Map Plans for 38th Annual Cost Conference 829

Accounting Practice Descriptions — And Reports 831

Vital Programs for St. Louis and Milwaukee Regionals 833

Successful San Antonio Regional 837

Chapter Photos 841

In The Public Eye 835Congratulations To 839

Chapter Meetings843

Chapter Competition849

* 1 , : l

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N.A.C.A. BULLETIN

0Volume XXXV111, Number G

Published 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 B I I

[SHAT N.A.C.A. AUTHORS .ARE DOING FOR US

Attention is drawn in these paragraphs this month to the contentsof Section 1 of the current issue and also to the contents of the forth-coming March issue. The papers in these issues especially emphasizethe wide range of topics competently treated in the democracy ofauthorship stimulated by chapter competition and fulfilled mainly bymembers of N.A.C.A. They also point up the interest which N.A.C.A.authors feel in the problems of smaller -size business units.

A review of this month's Section 1 cover will reveal that the thirteenarticles listed there deal with the aims of integrated data processing,bases for evaluating machine accounting, rugged and resourceful utili-zation of the accounting process in the truly small company, plant team-work for improving profits, product "defect prevention" for the samepurpose, sales and selling costs as opportunities for accounting service,sales analysis as a by- product of pricing and billing, fuller utilizationof break -even charting, cash budgeting as a financial bastion, a productgroup costing procedure to speed and simplify accounting, administer-ing accounting manual, workable records management, and the plan-ning of office space.

The twelve articles scheduled for March are similar in emphasisand similarly various among themselves. They concern the controller'sorganization, effectively combining the work of accountants and engi-neers, making contact in reporting, submitting an operating report oneday after the period's close, tailoring reports to personality, control oftime as control of cost, production control system design, a case inadvertising agency accounting, one in broiler raising accounting, andprocedures in control of consigned stock, in utilization of materials con-sumption data, and in time - keeping through a "one- card" system.

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. G, February, 1957

COPYRIGHT 1957 BY THE NATIONAL ASSOCIATION OF COST ACCOUNTANTS

Chairmen Map Plans for 38th Annual"

Cost Conference

T o T H I N K of June in February is tothink of pleasant thoughts. And for

N.A.C.A. members this pleasure is in-creased by the knowledge that June willbring both a warming sun and an AnnualInternational Cost Conference. This year's—the 38th —is to be held at The Shera-

Review and Herald Publishing Associa-tion, Washington, D. C. The five co-members who will serve with Mr. Shoupare Richard E. Austin, WestinghouseCorporation, Pittsburgh, Penna.; DavidP. Fry, Jr., Cochrane Corporation, Phila-delphia, Penna.;. W. Douglas Little,Southern Bell Telephone & TelegraphCo., Atlanta, Ga.; Leonard B. Rowles,Leonard B. Rowles & Co., Baltimore,Md.; and Howard L. Steck, Landis Ma-chine Company, Waynesboro, Penna.

Appointed Co- ordinator of the Operat-ing Committees was Doren D. Vest,Controller, Government Services, Inc.,

MAX W . SHOUPCONFERENCE CHAIRMAN

ton Park and Shoreham Hotels in Wash-ington, D. C., June 24 -27. Wheels havealready been set in motion to guaranteethe 3000 or so attendees a conference asgood as, if not better than, the best ofconferences past.

Serving as Chairman of the AnnualConference Committee, it was recentlyannounced by Association PresidentPhilip J. Warner, will be Max W. Shoup.Mr. Shoup is Assistant Treasurer of the

DR. STERLING K. ATKINSONPROGRAM CHAIRMAN

Washington, D. C. Those who havebeen appointed Chairmen of the elevenOperating Committees are: Annual Din-

FEBRUARY, 1937 829

ner, Earl L. Cox (Philadelphia), LeamanTransportation Corp., Downingtown,Penna.; Conference Hall, Charles F. Read(Baltimore), E. Stewart Mitchell, Inc.,Baltimore, Md.; Daily News, Frank Z.Oles (Baltimore), Davison Chemical Co.Div., W. R. Grace & Co., Baltimore,Md.; Entertainment, David P. Fry, Jr.(Philadelphia), Cochrane Corporation,Philadelphia, Penna.; Exhibits & Signs,Walter N. Wilson (Washington), Trans-portation Corps — Army, Washington,D. C.; Hospitality, Robert W. King(Washington), Housing & Home FinanceAgency, Washington, D. C.; Hotel Rooms,Rusco H. Crowell (Washington), C.P.A.,Washington, D. C.; National Officers'Reception & Ball, William J. Pawelec(Philadelphia), R.C.A. Victor TelevisionDiv., Radio Corporation of America,Camden, N. J.; Publicity, Winson Jones(Washington), Alexander Grant & Co.,Washington, D. C.; Registration, PaulImler (Washington), Government Serv-ices, Inc., Washington, D. C.; and LadiesActivities, Miss Alma A. Westerman(Washington), Hunting Tower Corpora-tion, Alexandria, Va.

Program Commi"ee

Dr. Sterling K. Atkinson, it was alsoannounced by President Warner, willserve as Chairman of the Technical Pro-gram Committee for the 1957 Confer-ence. Dr. Atkinson is Financial VicePresident and Treasurer of Temple Uni-versity, Philadelphia, Penna.

Five members have been appointed towork with the Program Chairman in se-

curing the best available speakers, panel-ists and discussion leaders, and in for-malizing the many details inherent inarranging a technical program of conse-quence. They are: Andrew Barr (Wash-ington), Securities & Exchange Commis-sion, Washington, D. C.; John Beckett(Chicago), Arthur Young & Company,Chicago, Illinois; John L. Favaloro (NewOrleans), Robert & Favaloro, NewOrleans, La.; Stanley A. Lawrence (CedarRapids), Collins Radio Company, CedarRapids, Iowa; and Hugh T. Walsh(Rochester), Bausch & Lomb OpticalCo., Rochester, New York.

With the Nation's Capital as the lo-cale for this year's Conference, it is an-ticipated that many members will be ac-companied by their families and willwant to combine sightseeing with confer-ence activities. With this in mind, theConference has been scheduled to start onTuesday, allowing Monday as a free day.Additional time for sightseeing will beprovided on Wednesday, when the tech-nical sessions will be limited to the morn-ing. The Conference will end with theAnnual Dinner on Thursday night.

A feature of the technical program thisyear as in the past will be a half day de-voted to a series of concurrent group dis-cussions of topics of current concern andinterest. These group meetings on Tues-day afternoon, and the formal addresseson Tuesday, Wednesday and Thursdaymornings will be supplemented by a newtype of session on Thursday afternoon.This innovation in N.A.C.A. programs

(Continued on Page 834)

830 N.A.C.A. BULLETIN

Accounting Practice Descriptions —and Reports

T HE ISSUANCE to N.A.C.A. membersunder date of January 1957 of Ac-

counting Practice Report No. 4, Account-ing for Returnable Containers, constitutesa reminder of the significance of the ac-counting practice activity which directlyunderlies these reports and of the workof the approximately 150 N.A.C.A. au-thors who have contributed to it eachyear since its inception with the 1954 -55Chapter Competition year.

Unlike the N.A.C.A. Research Series,which depend on field interviews andextensive drafting, the participation ofstaff in the preparation of AccountingPractice Reports from the member -au-thored descriptions is limited to summari-zation of material submitted, includingincorporation in the report of illustrativeexcerpts from many individual descrip-tions. In further contrast, the AccountingPractice Reports are strictly in the "HowWe Do It" category, reflecting practicerepresented by the underlying descrip-tions and not entering upon theoreticalconsiderations.

The four reports issued to date havereceived wide acceptance and encouragethe thought that they constitute a valu-able service to members. They are:

Controlling and Accounting for Supplies —Issued June 1955

Planning, Controlling and Accounting forMaintenance— Issued November 1955

Modifying the Calendar to Meet BusinessNeeds — Issued June 1956

Accounting for Returnable Containers —Issued January 1957

The circumstances of this activity are

such that it is not practicable to presentthe contributions made in the form inwhich they are submitted nor to asso-ciated contributors' names with portionsof the material, although each of theforegoing reports has been accompaniedby a list of contributors' names, withchapter identification. Nevertheless, eachdescription submitted, ordinarily a narra-tive of applicable procedure running tothe length of a brief manuscript, formsa significant industrial service on the partof the authors to other N.A.C.A. mem-bers.

Current Year TopicsFor the 1956 -57 year, descriptions are

being received under Chapter Competi-tion Rules on three topics which, as inprevious years, were announced at thestart of the year. These topics disclosethe same down -to -earth quality of previ-ous ones and their embodiment in de-scriptions, received so far suggests thateach will provide material for a helpfulreport in the area named:

How W e Use Inventory Planning and Con-trol To Coordinate Production (or Pur-chases) and Sales.

How We Control and Follow Up CapitalExpenditures.

How We Have Speeded Up Closings andthe Issuance of Reports.

Each of these topics is intended to beprovocative of practice narratives in asignificant area of accounting and man-agement in which detail is ordinarily in-volved but may be effectively minimizedin many cases. A dual characteristic com-

FEBRUARY, 1957 831

I

mon to each of the 1956 -57 topics isthat of being both of current and con-tinuing interest. Inventory planning is abasic problem in almost every manufac-turing and merchandising business andis, in addition, timely to the present eco-nomic situation in which inventory levelsare receiving careful scrutiny. With re-spect to capital expenditures, most indus-trial companies are regularly engaged inthe process of working out old outlays

and appraising new ones, especially inthe light of forecasts of sustained highvolume in plant expansions. It is similarwith closings and reports. A perennialaccounting problem has been the achieve-ment of these products with maximumutility to management. Under touch -and-go conditions of industry today, theprompt production of useful informationis a top subject matter throughoutindustry.

W E R E M E M B E R

Charles F. Townsend, 48, WESTERN CARO-LINAS (St. Louis, 1945), Controller, TheEcusta Paper Corp., Pisgah Forest, N. C.Mr. Townsend was a Charter Member ofWestern Carolinas Chapter and a Mem-ber of its Organizational Committee.

Michael S. Mess, 48, ST. Lours (1949), Ac-countant and Assistant Office Manager,The Axelson Manufacturing Company.

F. Mason Seagle, 46, CHATTANOOGA (1949),Auditor, Ross - Meehan Foundries.

John G. Selg, 46, ROCHESTER (1949), Ap-paratus & Optical Division, Eastman Ko-dak Company.

Harold D. Kota, 53, RICHMOND (1944), Of.fice Manager, The Mead Corp., Lynch-burg, Va.

Milton J. Goger, 49, RARITAN VALLEY (New-ark, 1946), President, American TypeFounders Co., Inc., Elizabeth, N. J.

Raymond J. Carton, 49, NEw HAVEN(1937), The Hull Brewing Co.

Harry E. Hillier, 67, LANSING (1947), Frank-lin DeKleine Company.

John C. Skaggs, 64, KANSAS CITY (1931),Branch Manager (Retired), The Ralston -Purina Company. He was Past Presidentof Kansas City Chapter.

Siva M. Bender, 61, TOLEDO (1938), Comp-troller, the Libbey Glass Division, theOwens - Illinois Glass Co. He was PastPresident of Toledo Chapter.

Otto S. Miller, 59, HARTFORD (1952), Henry& Wright Div., Emhart Mfg. Co., NewBritain, Conn.

Thomas A. Cruickshank, 43, MERRIMACKVALLEY (1955), Cost Accountant, Cham-pion- International Co., St. Lawrence,Mass.

Anibal J. Rosette, 37, CUBA (1952), Cru-sellas y Compania, S.A., Habana, Cuba.

Wilson G. Hunter, 70, COLUMBIA (1952),Salesman (Retired), Liquid CarbonicCompany, Atlanta, Ga.

Thomas M. Pawling, 39, RICHMOND (1954),Branch Manager, Addressograph-Multi-graph Corp.

832 N.A.C.A. BULLETIN

Vital Programs Slated for St. Louis

and Milwaukee RegionalsNEARLY one -third of all N.A.C.A.

1 chapters, March will be a , big month.

For it is March that will bring a braceof Regional Conferences to the CentralStates, a fact of special interest to the 38area chapters that will participate. Lead-ing off on March 8 -9 will be the St. LouisRegional, held at the Hotel Statler. At-tending it will be representatives from atotal of 16 chapters. The weekend im-mediately following, members from some22 chapters will convene at the HotelSchroeder in Milwaukee for a Regionalthat will be the second Conference of themonth, and the fifth and final one forthe 1956 -57 Association year.

Both host chapters have scheduled pro-grams encompassing a variety of informa-tive activity. Topics to be discussed areboth attractive and timely. And speakersof considerable note, both in an oratoricaland a business sense, will be heard ateach of the events.

Opening the St. Louis Regional onFriday, March 8, will be speakers FrankWallace, of Peat, Marwick, Mitchell &Co., New York, and Reid McCrum, ofAnheuser- Busch, Inc., St. Louis.. Mr.Wallace's topic will be "Gearing Reportsto Management Needs ", while Mr. Mc-Crum will be heard on the subject

"Economic Justification for Capital In-

vestments." Session Chairman of Fridaymorning's event will be Donald S.

Mitchell, Sangamo Electric Co., Spring-field, Ill.

Friday afternoon's program, which willhave as Coordinator Harold Luenstroth,of Mallinckrodt Chemical Works, St.Louis, will be comprised of six Concur-rent Group Discussions. These, and theirDiscussion Leaders, are as follows: "CostControl and Reduction — Processing In-dustries," Oliver R. Altum, Eli Lilly &Co., Indianapo1is; "Cost Control and Re-duction —Mass Production Industries,"Robert A. Morgan, Caterpillar TractorCo., Peoria, Ill.; "Cost Control and Re-duction —Job Industries," John E. Ham -pel, Mosler Safe Co., Cincinnati, Ohio;"Accounting for the Cost of Fringe Bene-fits," Henry F. Gunther, Rau ConstructionCo., Kansas City, Mo.; "Direct Costing,"Cecil L. Clark, Sangamo Electric Co.,Springfield, Ill.; and "Budgeting for theSmaller Companies ", Norton M. Bedford,University of Illinois, Urbana, Ill.

At the closing session on Saturdaymorning, there will be presented a panelsession at which an "all -star team" ofMidwest controllers will present the es-sentials of profit planning and controlfor a mythical company. Participatingmembers of the panel are to, be an-nounced. The formal presentation willbe followed by discussion from the floor.Session Chairman of Saturday's event willbe T. Fletcher Ellis, of Keller- CrescentCo., Evansville, Indiana.

FEBRUARY, 1957 833

As announced in last month's Bulletin,General Chairman of the St. Louis Con-ference will be Raymond E. Burlew, Mon-

santo Chemical Co., Overseas Division,St. Louis, Mo. Technical Chairman willbe John B. Bachofer, Donnelly GarmentCo., Kansas City, Mo.

Participating chapters include Cin-cinnati, Dayton, Des Moines, Evansville,Indianapolis, Jackson, Kansas City, Louis-ville, Memphis, Nashville, Omaha, Pe-oria, St. Louis (sponsor), Sangamon Val-ley, Wabash Valley, and Wichita. .

Milwaukee Program

"Use of Return on Capital Concept,"will be the opening address at the Fridaymorning (March 15) session of the Mil-waukee Regional. It will be delivered byAmes Wheeler, Allegheny - Ludlum SteelCorp., Pittsburgh, Pa. The morning'sother speaker Samuel McArthur, Federal -Mogul -Bower Bearings, Inc., Detroit,Mich., will present the topic, "Appraisalof Proposals for Capital Expenditures."Marlin R. Hemphill, Allegheny - LudlumSteel Corp., Detroit, Mich., will serve asSession Chairman on Friday morning.

Concurrent Group Discussions sched-uled for Friday afternoon include: "DirectCosting," P. M. Chiuminatto (DL),Charmin Paper Mills, Green Bay, Wiscon-

sin; "Budgeting in the Smaller Com-pany," John L. Marley (DL), John L.Marley & Co., Chicago, Ill.; "Fixed As-set & Depreciation Accounting," GeorgeJ. Wachholz, (DL), Minnesota Mining& Mfg. Co., Minneapolis, Minn.; "CostControl and Reduction— Processing In-dustries," R. Kendall Jones, (DL), TheUpjohn Co., Kalamazoo, Mich.; "CostControl and Reduction —Job Order In-dustries," J. O. Mithus (DL), WebsterElectric Co., Racine, Wisc.; and "CostControl and Reduction —Mass ProductionIndustries," William F. Kobylarek (DL),Bendix Aviation Co., South Bend, In-diana. Session Coordinator will be Leon-ard E. Zastrow, Bucyrus -Erie Co., Mil-

waukee, Wisc.Saturday morning's session, which will

be chairmanned by Bernard H. Semler,Freeman Shoe Corp., Rockford, Ill., willbe on the topic, "The Planning and Con-trol Side of Budgeting." This will be acompany case study presented by repre-sentatives of Pressed Steel Tank Co.,Milwaukee, Wisc.

General Chairman of the MilwaukeeRegional will be William S. Pierson, Al-lis- Chalmers Manufacturing Co., Mil-waukee, Wisc. Serving as TechnicalProgram Chairman will be Norman A.Coan, Marathon Corp., Menasha, Wisc.

Annual Cost Conference (Continued from Page 830)

will consist of a concurrent series of fourpanel sessions, each designed to appealto N.A.C.A. members with similar inter-est based on the member's level of ac-

counting responsibility in his company.Further details on the technical programwill be reported in the next issue of theBulletin.

834 N.A.C.A. BULLETIN

IN THE PUBLIC EYE

Akron's Dennis Gordon has recently had abook published titled Cost AccountingProcedure, which is being used in the na-tional correspondence courses of LaSalleExtension University.

Atlanta's Ralph Wilkiemeyer acted as In-structor for a session of the School ofPipe Line Technology, sponsored by theAmerican Petroleum Institute at Lee Col-lege in Houston.

Birmingham's Philip Beaudry, Robert Arnold,Bruce Jones and Odis Richardson con-ducted an accounting discussion forum atthe University of Alabama.

Boston's Paul Tierney has been reelected StatePresident of the Ancient Order of Hi-bernians. . . . Edward J. McDevitt hasbeen appointed Chairman of the NationalCommittee on Arbitration of the AmericanInstitute of Accountants. . . . Electedmembers of other AIA national commit-tees were D. Harold Sullivan, James B.Willing , Arthur W . Koelbel, W . J. 01i-phant, Patrick Grant, Maxwell A. H.lVakely, Richard S. Chamberlin, ClintonIV. Bennett, Richard Yardley, Mark C.Walker, Albert W . Tolman, Jr., George11'. Pierce and John J. Mclsaac.

Brooklyn's Hermon Bell, at the time of hisretirement from Lybrand, Ross Bros. &Montgomery, received a scroll from TheControllers' Congress which expressed"deep appreciation for his many years ofinvaluable service and outstanding contri-butions to the art of retail accounting andcontrollership." In addition, Mr. Bell'sbook Retail Merchandise Accounting isbeing reissued in a new, revised edition.

Bulfalo's Edward L. lVallace was one of thecontributing editors of the Fourth Editionof the Accountants' Handbook.

Chicogo's Vaino Laine served as Co- Chairmanof a Navy program sponsored by theNavy League of the U. S. . . . ClarenceBostwick spoke at the 60th annual con-vention of the American PhotoengraversAssociation, in Detroit, on "What's Hap-pening in the Photoengraving Industryfrom a Cost Accountant's Viewpoint ?"

Cleveland's Elmer Beamer served as PanelMember in a discussion on "Standards ofEducation and Experience for CertifiedPublic Accountants" at the Michigan Ac-counting Conference in Ann Arbor. . . .Robert Breig was Discussion Leader at asession of the Controllers Seminar of theNational Association of Chain DrugStores, held in New York, on "Methodsof Ordering From Warehouses and De-pots."

Dallas' David Stanley has been elected Presi-dent of North Dallas -Park Cities KiwanisClub for 1957.

Dayton's Warren Kappeler has been namedTreasurer of University of Dayton'sAlumni Association. . . Ben S. Grahamdirected a recent week -long "PaperworkSimplification" course at the Universityof Dayton. . . . Miss Iris Berst served asHostess to the All -Ohio Conference of theAmerican Society of Women Accountantsin D a y to n . . . . E. Lee Cox recently servedas a judge -at the Miami Valley Rose So-ciety's 11th Annual Rose Show and atthe American Rose Society's NationalConvention in Louisville.

Detroit's Douglas Elliott has been electedVice Chairman of the Accounting Divi-sion- Executive Committee of the EdisonElectric Institute, in addition to serving asChairman of Committees on Editorial, Ex-hibit, and Time and Place. . GeneKempf served as Discussion Leader oftopic "Wholesale and Retail Merchandis-ing" at the annual Ontario Conference ofthe Society of Industrial and Cost Ac-countants of Ontario, held in Windsor.

Elmira Area's Clifford Holbrook has beenelected President of the Rochester Chap-ter of the American Association of Hos-pital Accountants.

Fort Worth's Jack P. Sweixer has been electedVice President of the Texas Chapter ofMunicipal Finance Officers of the UnitedStates and Canada, at the recent conven-tion of the League of Texas Municipali-ties.

Indianapolis' Bertram Carmack received anaward as Outstanding Salesman for the

F E B R U A R Y , 1957 835

local Lions Club's "Light for Sight" cam-paign.

Kansas City's A. J. Blasco has been electedNational President of the American Fi.nance Conference, National Trade Asso-ciation for Discount Companies.

Lancaster's Fred J. Muth addressed the So-ciety of Industrial and Cost Accountantsof Ontario on "Measurement of Returnon Capital Invested by Profit Centers."

Lehigh Valley's James Wert and Alfred Kochco- chairmanned an evening lecture courseon "Management Problems in the Opera-tion of a Business" held at Lehigh Uni-versity. . . . Wayne Archerd spoke to theGraduate Controllership Class at GeorgeWashington University on "Accounting atBethlehem Steel."

Long leach's Beverly Blair is now on theTaxation Committee of the local Cham.ber of Commerce.

Los Angeles' George I. Springsteen has beeninstalled as Worshipful Master of Rose-mead Masonic Lodge No. 702, F. & A. M.of the State of California.

Mid-Hudson's Michael J. Mazur has beenappointed District Treasurer of the HydePark Central School District No. 1.

Mohawk Valley's Francis J. Skinner has beenawarded the VFW Citizenship Award bythe Little Falls Post in recognition of hisyears of active community service.

Oklahoma City's Willis S. Edson spoke tomembers of the Associated Motor Car-riers Association in Tulsa on "More ProfitThrough Proper Records."

Poeinsula•Son Jose's Oswald Nielsen wasfeatured speaker at a meeting of the SanFrancisco Association of Government Ac-countants, speaking on "Impact of Pub-lic Law 863 on Governmental Account-ing.'

Philadelphia's Milton H. Shaw spoke beforethe American Society of Insurance Man-agement on "Retrospective Rating inWorkmen's Compensation." . GeorgeL. McCoy authored an article on "JobOpportunities" for the Delaware ValleyAnnouncer magazine and recently waselected Chairman of ' the PhiladelphiaTechnical Service Committee of the En-gineer's Club of Philadelphia.

Richmond's A. Bernard Cosby had an articleon "Accounting for Efficiency" publishedin American Business.

Rochester's Karl Roesch recently was honoredby admission to the National Cash Regis-ter's 100 Point Club for the 13th year.

San Francisco's Charles Gelman is nowteaching evening classes in Accounting atGolden G a te Col l ege.. . . Philip McClurespoke to the San Francisco Chapter of theNational Credit Managers Association on"Executive Development."

Shreveport's Henry Pirkey, Jr., has beenelected a Director of the local Chamberof Commerce to serve for three years.. . .Burton Heard served as Moderator of apanel discussion on "Federal Income andEstate Taxes," sponsored by the Commer-cial National Bank of Shreveport.

Springfield's Miss Margaret Reid spoke on"Plastics" at the first meeting of the West-ern Massachusetts Regis College Club.

Miss Mildred Pike has been chosenChairman of the Adult Education Com-mittee, Board of Christian Education, atFaith Church in Springfield.

Trenton's Samuel Leopold addressed the re-gional meeting of the Northwestern Sec-tion, Diaper Service Institu te of America,on "Designing Accounting Systems forEffective Operations Control."

Tri- Cities' Eugene Gibson talked to the Mo-line Lions Club on "Federal ReserveSystem."

Washington's Franklin A. Gibbons, Jr., wasGeneral Chairman of the National Asso-cia tion of Bank Auditors and Controllers'32nd Annual Convention held in Wash-ington. . . George E. Baker participatedin the West Virginia Tax Institute, heldat West Virginia University, on the sub-ject "Collapsible Corporations and Per-sonal Holding Companies."

Western Carolina's Arch Wallace, CharlesBaker, L. A. Poston, and Robert Pattersonrecently performed an audit for the Green-ville Little Theatre Group.

York's Earl D. Lamborn spoke to the Centra lPennsylvania Chapter of the AmericanMaterial Handling Society, Inc., on "Eco-nomics of Material Handling Expendi-tures." . . Raymond A. Gerbrick hasbeen elected President of the LutheranMen of Greater York.

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

Successful San Antonio Regional

Notes Southwest. Expansion� I HE �GROWTH�OF � I NDUSTRY � i n � t h e � g re a t

southwest, with its accompanying de-

velopment of industrial accounting poten-

tialities and problems, keynoted the San

Antonio Regional Cost Conference held

December 7 -8 at the Hotel Gunter in San

Antonio and attended by more than 250

N . A . C . A . member s from cha pters in the

south and southwest. Well- planned byConference Chairman Fred E. Pflughaupt,Technical Chairman John H. Burns and

troller of Minnesota Mining & Manufac-turing Co., St. Paul, Minn., recommendedfor potential accountants such particularfields of study as chemical and mechanicalengineering, selling, algebra and othermathematics. Such background was desig-nated as essential, since industrial ac-counting delves into the entire businessproblem of distribution, administrationand factory cost.

"Fringe Benefits�—�Labor or Over-

SATURDAY MORNING GENERAL ASSEMBLY AT SAN ANTO NIO REGIONAL

their committee members, and well -exe-cuted by speakers, session chairmen, dis-cussion leaders and panelists alike, theconference was particularly successful inspotlighting the role of the cost account-ant in the burgeoning expansion of thesouthwest.

In his opening address on Friday morn-ing, Dec. 7, George J. Wachholz pointedout that the tremendous growth of smalland large industry in the area called par-ticularly for increased numbers of trainedaccountants. Terming industrial account-ing "a choice field," Mr. Wachholz, Con-

F E B R U A R Y , 1957

head ?" was the topic discussed by Fridaymorning's second speaker, Erwin Heinen,who is a Partner, Ernst & Ernst, Houston,Texas. Mr. Heinen explored methods ofapplying labor - related costs to products,benfit- programs and related record -keep-ing problems, and whether fringe benefitcosts should be classified as fixed or vari-able.

Friday afternoon's program was ,com-prised of four concurrent group discus-sions especially pertinent to the south-west. These met with considerable favorby those in attendance. Guest speaker at

837

the Friday evening Conference Dinnerwas Hon. W. O. Murray, Chief justiceof the Fourth Court of Civil Appeals,who spoke on "Law East of the Pecos."

Featured on Saturday morning's pro-gram was "Reports to Management," acompany case study interestingly pre-sented by the Ideco Division of DresserEquipment Co., Dresser Industries, Inc.,Dallas and Beaumont, Texas. It wasstressed by the panel that the effective-

ness of the accounting function can beaccurately judged by the extent to whichall levels of management make use ofaccounting's "finished product," i.e. re-ports. The program of reporting employedby this company, a model of its type,was delineated in detail. In addition, atthe presentation's conclusion, questionsasked from the floor were answered bythe panelists. The conference was ad-journed at noon on Saturday.

N.A.C.A. Headquarters

Needs Research Manpower

D URI NG T HE PAST YEAR, N.A.C.A.made plans for an expanded pro-

gram of research in its field. A revisionin committee organization was developedto give effective directions to the re-search function. Funds were provided tosupport research activities. A number ofimportant projects have been approvedfor study. While work is proceedingsteadily, it is hoped that the pace canbe accelerated through the employmentof additions to the staff engaged in theactual research work being done at Na-tional Headquarters.

Duties of staff members include plan-ning projects, collecting information frompublished sources and through field in-terviews, organizing this information tobring out its significance, writing reportsto present research findings, and review-ing report drafts with research project

committees before publication. WithinN.A.C.A.'s membership, there are un-doubtedly a number of individuals quali-fied for and interested in research. Per-haps they are young men with imaginationand analytical ability to whom researchappeals as a career. Or perhaps they aremen with years of experience to whomthe opportunity to develop new ideas inmanagerial accounting appeals as a chal-lenge. They may have retired or be ap-proaching retirement, but still young inmind. Both full -time staff members andtemporary assistance for the duration ofone or more projects are needed. If youare one of these individuals, please senda resume of your background to WalterB. McFarland at N.A.C.A. Headquarters,505 Park Avenue, New York 2, N. Y.And if you know someone who should beinterested, pass the word along to him.

838 N.A.C.A. BULLETIN

EFc O N G R A T U L A T I O N S T OJ. S. Curley, AKRON, who has been named

Controller of Akron Furniture Co. . .Edward Kramer, promoted to GeneralAccountant it Columbia- Southern Chemi-cal Corp.

Everett Brooks, ATLANTA, who has becomePresident and Treasurer of Ebcap SupplyCo.

Jack Dantin, BATON ROUGE, now Cost Ac-countant with Naugatuck Chemical Divi-sion, U. S. Rubber Co.

Ralph E. Bond, BOSTON, appointed Deputy- General Manager for the Administration

of American Machine & Foundry Com-pany's Electronics Division.

William G. Gisel, BUFFALO, who has beenelected Treasurer of Bell Aircraft Corp.

La Verne Carson, made Manager ofProduction Control at Coated ProductsDivision of Carborundum Company.

Mitchell Cerkel, CHICAGO, who is nowComptroller of Herold Products Co.

John L. Miller, CLEVELAND, appointed Costand General Accounting Specialist at theEuclid Lamp Plant of General ElectricCo.

Davis Hunicutt, COLUMBIA, who is now aMember of Lyles, Bissett, Carlisle andWolff .

William Welsch, DALLAS, made a Partner inLybrand, Ross Bros. & Montgomery.

John R. Garwood, DAYTON, who has beenpromoted to Secretary - Treasurer of Cool-idge Corp. . . Miss Marjorie Osborn,now Supervisor of Statistical Analysis ofthe Market Research Dept. of Mead Pa-pers, Inc.

Vincent Winn, DENVER, appointed OfficeManager of Alexander f. Lindsay & Co.

Ronald D. Fogg and Donald W. Herron,DES MOINES, who have formed a firm forthe practice of public accounting.

Philip Reid, DETROIT, -who has been ap-pointed Plant Accountant of the DodgeTruck Plant. . Russell Brockmiller,appointed Controller of Fred Sanders Co.

John Kostolansky, ELMIRA AREA, who hasbeen named Plant Accountant for CorningGlass Works' Greenville, Ohio plant.

Paul Dearbeek, ERIE, who has been promotedto Director of Purchasing and ProduetiosControl at Griswold -Hope Co.

Robert J. Scheiflin, EVANSVILLE, now anAssociate of George S. Olive & Co.

C. Edward Barrett, FORT WAYNE, promotedto Assistant Chief Cost Accountant ofFort Wayne Division of Bowser, Inc.

Richard Choy, HAWAII, who has been pro-moted to Vice President and Treasurer ofMid - Pacific Lumber Co.

Winfred P. Jackson, HOUSTON, now a StaffMember of Sheffield, Garrett and Carter.

Walter Welch, JACKSON, who has been electedto the Board of Directors of MerchantCompany.

J. Clifford Kopp, LANCASTER, now an Asio.ci.ue o f Robert L. Miller & Co.

Paul Cooper, LEHIGH VALLEY, now Treas-urer of Pathe- Cullen Laboratories. .Edward Gigliotti, who has been ap-pointed Staff Accountant of Air Products,Inc.

Donald McArdle, MASSACHUSETTS NORTHSHORE, who is a Member of the new firmof Mirai Exclusives. . Frederick E.Dator, promoted to Manager — Finance,Medium Steam Turbine, Generator andGear Dept., General Electric Co.

Lester R. Gearhart and Russell E. Lafshaw.MEMPHIS, who are now, respectively,Manager and Consultant at the local of-fice of Ernst & Ernst.

Alexander T. Chepeleff, MID - HUDSON, whohas assumed the duties of Manager ofBudgets, Pricing, and Financial Planning

ofIBM's Kingston Plant.

Arnold T. Substad, MINNEAPOLIS; who isnote Controller of Despatch Oven Co.

Clifford E. Groese and RichardRenekens, who have been promoted toManager and Assistant Manager, respec-tively, of the Tax Department of Peat,Marwick, Mitchell & Co.

A. M. Rabon, NEW HAVEN, who has beenpromoted to Assistant Treasurer of Sey-mour Manufacturing Co.

F E B R U A R Y , 1957 8 3 9

Rubin L. Gorewif& NEW YORK, appointedOffice Manager and Assistant to the Con-troller of Herold Radio and ElectronicsC o r p . . . . Morton Backer, who has beenappointed Associate Professor of Account-ing a t Ne w Yor k Un ive rs it y . . . . WilsonT. Seney, named a Senior Consultant withMcKinsey & Company, Inc.

Charles Horstmann, NEWARK, who has beenappointed Assistant Comptroller of RoyalElectric Corp.

W. W. Stewart, NORTH CENTRAL OHiO,who has been named Chief Financial Of-ficer of The Hydraulic Press Mfg, Co. Heis Past President of Cleveland Chapter.

Lee Conover, NORWICH, upon his election tothe Board of Directors and being namedAssistant Secretary and Treasurer of thePxcci Electric Co.

Andrew S. Hoselton, PATERSON, who hasbeen promoted to Assistant Controller ofthe Curtiss- Wright Corp., Wood- Ridge,N. f.

Robert Ashley, PEORIA, who has been pro-moted to Assistant Secretary and AssistantComptroller of Cilco Co. . . VirgilGrant, appointed Vice President of Cater-pillar Tractor Company's newly- formedForeign Trade Group.

Norman Miller, PHILADELPHIA, ntott, Con-troller o f Atlas Powder Co. . . . GordonJ. Sevold, promoted to Cost and BudgetManager of Frank H. Fleer Corp. .Richard J. Niederriter, who has foinedPennsylvania Salt Mfg. Co. as Managerof Internal Auditing of the FinancialDivision.

James F. Caudle, Jr., PIEDMONT, who hasbeen admitted as a Partner in the firm ofDavenport & Marvin.

Robert Logie, PITTSBURGH, who is now Ex-eculive Vice President and Director ofFirth Sterling, Inc.

Arthur Sattler, POMONA VALLEY, now Con-troller- Treasurer of Packmayr Company.

John Thornton, PROVIDENCE, appointed Sec-retary- Treasurer of Kennecott Wire 6Cable Co.

John Brady, ROCHESTER, who is now Super-visor of the Payroll Department at Delco.

Lynn Watkins, SABINE, promoted to TaxManager of Cit -Con Oil Corp. . . CarlHimel, Jr., now an Associate of Vincent& iY/elch, Inc., Lake Charles, La.

Robert V. Sanders, SALT LAKE CITY, whohas been promoted to Procedure Analyst,Columbia- Geneva Steel Division, U. S.Steel Corp.

840

/ j

Clarence N. Jenkins, SCRANTON, recentlyelected President of Penn Anthracite Col-lieries. Ins. He is Past President of Scran-ton Chapter. . . Emlyn A. Jones, whohas been made Secretary-Treasurer of PennAnthracite Collieries. . . . John C. Dev-er:, appointed Accountant of Clarks Sum-mit State Hospital. . Russell King,named Cost Accountant for Harris HubInc. . Roccard A. Ferrante, nowGeneral Accountant with Daystrom In-strument Division.

Orville S. Carpenter, SHREVEPORT, who hasbeen elected President of Texas EasternTransmission Corp. . Creighton R.Hodges, Jr., appointed Chief Accountanto f Texas Eastern Transmission.

Earl F. Mayer, SOUTH BEND, appointed As-sistant Treasurer of Ames Company, Inc.

David F. Collier, SPRINGFIELD, promoted toSystems and Procedures Manager at Bux-ton, Inc. . . . Henry T. Downey, ap-pointed Instructor of Management Controland Organization course at Wester n NewEngland College's Graduate School ofBusiness Administration.. . . Miss ClaireE. Bible, now Treasurer of U. S. SpringBed Co.

Gary Reagan, SYRACUSE, who has been pro-moted to Ordnance Accountant of Pass& Seymour. . . . Maurice Orcutt, nowGeneral Accountant with the AerofinCorp.

Norman Rickard, TRENTON, promoted to Su-pervisor of Cost Analysis at the Red LionPlant of The Budd Company.

William R. Ekort, TULSA, who has beennamed Office Manager for Foreign Ex-ploration at Stanolind Oil fo Gat Co.

Andrew Barr, WASHINGTON, who has beenappointed Chief Accountant of the Securi-ties and Exchange Commission.

Walter Birzell, WATERBURY, appointed Gen-eral Accountant, Chase Brass & CopperCo. . . . Matthew DiVenere, who hasbeen promoted to Foreman of Mainte-nance Stores at Chase Metal Works,

Darol Rice, WATERLOO, now General Ac-countant for Headford Bros. Foundry.

Arthur E. Hamm, WORCESTER, who has beenelected Treasurer and Clerk of the UnionTwis t D r i l l Co r p . . . . George Perry andC. Roland Olson, upon completion offifteen and twenty -five years, respectively,of service with the Norton: Company.

J. Russell Hoke, YORK, who has been electedVice President and Treasurer of P. H.Glatfelter Co.

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

YOUNGSTERS at the Los AnglesSchool for Handicapped Childrenhelped N.A.C.A.'s Los AngelesChapter, in the way pictured here,to celebrate its recent 35th anni-versary. Enjoying the opporutni tyof being present for the cake -cut-t ing, off ic iated by School Princi-pal Frances Nordoff, were Presi-dent Robert G. Chapman, (l ef t) ,and Vice President Jack D. Gar-diner. Youngsters with divi ded in-terest in the photographer andthe four -tier cake are (I to r)Susan Duco, Dennis Falconer, IdaLee Busch and Brian Sobel. Thecake, rest assured, rated whole-hearted attention when the flash-bulbs stopped popping.

W INDOW DISPLAYS

"The Role of N.A.C.A, asSignificant Contributor tothe Nation's Well- Being"

a

was theme of window dis-play at left, arranged byLansing Chapter and onview at Jackson Typewriter& Office Supply Co., Inc.,Jackson, Mich. Pomona Val-ley Chapter sponsored theone a t ri ght. On display atPomona's Home - Builders'Savings & Loan Ass'n., i tfeatured photos of Na-tional and local officers,N.A.C.A. objectives andservices, and a history ofPomona Valley Chapter.

MOBILE CHAPTER recently provided collegians from Spring Hi l l Col lege School of Commerce withan opportuni ty to gain a "specif ic idea of what i t w i l l take to be the accountant of tom orrow" viathis courtesy tour of the IBM Divis ion of Alabama Dry Dock & Shipbui lding Co. Problems explainedwere those confronted in such operations as cost, payrol l , material control , property records, anddepreciation, taxes and personnel statistics. In large photo, students learn from Mobi le MemberJulius Snellman the sequence of machine accounting. INSET: Frank A. Dooley, (le ft ), Asst. to theComptrol ler and Chapter Program Director, displays the "mechanical brai n" of electronic account.ing system to M. C. Padgett, (center), Assoc. Professor of Business Administration, and MemberF. H. Sweet, Chairman, Commerce Dept., both of Spring Hi l l Col lege.

A Note from Denmark

IT INCREASINGLY happens that N.A.C.A.crops up in the news. Sometimes the

mention is a refreshing reassurance thatone or another of the Association's serv-ices is reaching out a helping hand be-yond what might be considered "line ofduty ". Writing under the title of "Ob-servations of an American Cost Account-ant Abroad," W. H. Wright commentsin the January 1957 issue of The Ac-counting Review that the "Copenhagen

School of Economics and Business Ad-ministration . . . is very proud of thefact that it maintains a membership(presumably membership of faculty mem-bers) in N.A.C.A., thus making its Bul-letins available to their students." Thiscomment follows assertion that the stu-dents, "in particular those in cost account-ing, keep abreast of developments intheir fields."

Contested Election Features Providence Chapter Member

N ATIONAL HEADLINES of unusual inter-est were those recently made by

N.A.C.A. member Christopher Del Sestoof Providence Chapter. For a time it ap-peared that Mr. Del Sesto, receiving 427votes more than the incumbent, would bethe new Governor of Rhode Island. First -announced returns showed a grand totalof 194,974 votes for Mr. Del Sesto to194,547 for Mr. Dennis J. Roberts.

In deciding an issue as to whether or notballots marked before Election Day werevalid under the State Constitution, theState Supreme Court invalidated all ab-sentee ballots (excepting servicemen's)that did not establish November 6 as

the notarization date.This step awarded afourth term to Gov.Dennis J. Roberts.

Mr. Del Sesto,who came so closeto being the firststate Governor onN.A.C.A.'s roster, isan attorney - at - lawand a CPA. He has been both BudgetDirector and Finance Director for theState of Rhode Island, in addition toother state positions. He became amember of Providence Chapter in1936.

DEL SESTO

AddendaThe name of a lady director of an

N.A.C.A. chapter which should haveappeared in the recent article "ServingN.A.C.A. With the Feminine Touch ",

and did not, is that of Mrs. Martha H.Bender. She is currently serving herchapter, Hampton Roads, as PublicationsDirector.

8 4 2 N.A.C.A. BULLETIN

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

AKRON, Ohio February 20Woman's City Club

The Current Outlook in Federal Taxa-tion—GEORGE DAVERIO, Chilton, Stump& Daverio.

ALBANY, N. Y. February 19Auronia Club

Profit Sharing— Sparkplug to Profits —SARTELL PRENTICE, JR., Council ofProfit Sharing Industries, New York,N . Y.

ANN ARBOR, Mich. February 21Elks Lodge

What the Industrial Engineer Expectsfrom a Cost Department — WYETHALLEN, Prof, of Industrial Engineering,University of Michigan, Ann Arbor,Mich.

ATLANTA, Co. February 19Dinkier Plaza Hotel

Modern Approach to Clerical Cost Con-trol—THOMAS C. PITNEY, ManagingConsultant, Arthur Young & Co., LosAngeles, Calif.

BALTIMORE, Md. February 19Lord Baltimore Hotel

Financial Statement Requirements oftheSecurities and Exchange Commission —ANDREW BARR, Chief Accountant, Div.of Corporate Finance, Securities & Ex-change Commission, Washington, D. C.

BANGOR, Me. February 18Tarratine Club

The Average Citizen and Municipal Ac-counting—JoHN W. AGNEW, First Na-tional Bank, Boston, Mass.

BATON ROUGE, La. February 19Bob 6 Jake's Steak House

who's Having Any Fun —H. M. F E = ,Vice Pres., Advertising & Sales Promo-tion, Delta Tank Mfg. Co., Baton Rouge,La.

BINGHAMTON, N. Y. February 21Hotel Arlington

The Personality Factor in the EffectivePresentation of Cost Information —G.HOWARD CHAPPELL, Mgr., Cost & Pay-roll Dept., Buffalo Forge Co., Buffalo,N. Y.

BIRMINGTON, Ala. February 19TatwiIar Hotel

The Accountant's Part on the Manage-ment Team —DONALD J. GUTH, Treas.,Solar Aircraft Co., Des Moines, Iowa

BOSTON, Mass. February 13Hotel Bradford

What Management Expects from ItsAccounting Staff —FRANK L. TUCKER,Treas., Sec'y. & Director, General RadioCo., Cambridge, Mass.

BRIDGEPORT, Conn. February 19Barnum Hotel

A Company Approach to Organization —MELVIN C. HOLM, Vice Pres. & Con-troller, Carrier Corp., Syracuse, N. Y.

BROOKLYN, N. Y. February 20Clements Club

Electronic Accounting— HERMAN C.HEISER, Lybrand, Ross Bros. & Mont-gomery, Philadelphia, Pa.

BUFFALO, N. Y. February 21Peace Bridge Motel

Electronics for the Small Office: Fact orFantasy?— ROBERT SANEKOFF, UnivacDiv., Remington Rand, New York,N. Y.

CALUMET, Ind. February 26Phil Smidt's

Fast Closings — HENRY T. BLAKE,Comptroller, National Tube Div.

CEDAR RAPIDS, Iowa February 19Hotel Montrose

lY'hich Value —JOHN C. LITCHER, Mgr.,Insurance Dept., American AppraisalCo., Milwaukee, Wis.

CHARLOTTE, N. C. February 15Hotel Mecklenburg

Short Term Cash Forecasting —PanelDiscussion

CHATTAHOOCHEE VALLEY February 11Ralston Hotel Columbus, Go.

Textile Costs —R. L. BECKMANN, Chief,Cost Dept., West Point Mfg. Co., WestPoint, Ga.

CHATTANOOGA, Tenn February 21Hotel Patton

Electronics: A Challenge to Every Busi-ness—CHARLES C. LAUBACHER, Mgt.,Office Methods & Procedures Dept.,Lockheed Aircraft Corp., Marietta, Ga.

CHICAGO, III. February 22Furniture Club of America

Getting the Job Done Through People— VICTOR L. SHORT, Pres., Institute ofHuman Science, Chicago, III.

F E B R U A R Y , 1957 843

CINCINNATI, Ohio February 21Sheraton-Gibson Hotel

A Cosimatics Program for CompetitiveManagement — ERNEST SCHLEUSENER,Vice Pres., Mfg., Mueller Brass Co.,Cincinnati, Ohio.

CLEVELAND, Ohio February 21Carter Hotel

Improting Managerial Performance —VIRGIL K. ROWLAND, Personnel Asst. toVice Pres., Detroit Edison Co., Detroit,Mich.

COLUMBIA, S. C. February 21Jefferson Hotel

Curricula for Schools of Business Ad-ministration— D R . S.M. DERRICK, Dean,School of Bus. Admin., University ofSouth Carolina Columbia, S. C.

COLUMBUS, Ohio February 25Deshler-Hilton Hotel

A Foreman Looks at the Cost Account -ant—DR. WILLIAM LEVY, Exec. Dir. ofEducation & Research, Nat 'l Manage-ment Assn.

COOSA VALLEY February 21Bemiston Club House Talladega Ala.

Income Taxes —Louis S. KLEIN, LouisS. Klein & Co., Gadsden, Ala.

CUBA February 20Hotel Comodoro Havana Cuba

La Reforma Arancelaria como Insiru-monto del Desarrollo Economico— D R .JULIO ALVARADO, Economista del BancoNacional de Cuba.

DALLAS, Texas February 15Melrose Hotel

Air Freight Costing— G E N . ROBERT J.SMITH, Gen'l Mgr. & Dir., Slick Air-ways, Inc., Dallas, Texas.

DAYTON, Ohio February 19Engineers Club

The Break -Even Point —JAMES B. FEN -NER, Vice Pres. & Comptroller, ElectricAuto -Lite Co., Toledo, Ohio.

DELAWARE February 14Kent Manor Inn New Castle, Del.

Meaning of Control to a Manufacaur-turning Execulive —H. GORDON FROMM,Vice Pres., Mfg., International LatexCorp., Dover, Del.

DENVER, Colo. February 19University Club

Human Relations in the Office —BYRONLoPP, Head, Human Relations Dept.,Central Bank & Trust Co., Denver,Colo.

DES MOINES, Iowa February 20Des Moines Golf 8 Country Club

Recent Developments in Electronic DataProcessing for Medium and Small Busi-nesses —RALPH H. EIDEM, Dlr., Elec-tronic Div., Ernst & Ernst, Chicago, I11.

DETROIT, Mich, February 28Park Skelton Hotel

Growing Pains: Problems of an Ex-panding Business— CARL A. GER-STACKER, Vice Pres. & Treas., DowChemical Co., Midland, Mich.

EAST TENNESSEE February 21Ridgefbelds Country Club

Your Burden Rate Is Too High —ROBERT E. STOCKMEYER, Whirlpool -Seeger Corp., Evensville, Ind.

ELMIRA AREA February 19Mark Twain Hotel Elmira, N. Y.

Financial Consideration of New ProductDevelopment —J. A. MLFADDEN, Con-troller, RCA Laboratories, Princeton,N. J .

ERIE, Pa. February 18Saga Club

Economic Outlook for the Future— D R .JOHN BALLES, Sr. Economist, FederalReserve Bank, Cleveland, Ohio.

EVANSVILLE, Ind. February 21Smifty's Steak 3 Sea Food House

Effects of Group Fringe Benefits onCosts—GENE JONGEWAARD,Asst. Mgr.,Group & Pension Div., Aetna Life In-surance Co.

FALL RIVER -NEW BEDFORD February 28Stone Bridge Inn Tiverton, R. 1.

The Medium Sized Company's Approachto Integrated Data Processing —CARL W.Foss, Moore Business Forms Co.

FORT WAYNE, Ind. February 19Chamber of Commerce

The Business Outlook for 1957 —A. H.BRUME, Mgr., Bus. Research Dept.,Mercury Div., Ford Motor Co., Detroit,Mich.

FORT WORTH, Texas February 21Worth Hotel

Income Tax Changes: Cost Aspects —BENJAMIN L. BIRD, Partner, Weeks,Bird, Cannon & Appleman, Ft. Worth,Texas.

FOX RIVER VALLEY February 20Tally Ho Inn West Chicago, 111.

The Broader Aspects of Budgeting —W.D. McGuIRE, Budget Coordinator,Kimberly Clark Co., Neenah, Wis.

8 44 N.A .C .A . B U L L E T I N

GRAND RAPIDS, Mich. February 19Ponflind Hotel

Analysis of a Cost Reduction Program —CHESTER A. LAKEFIELD —Div. Control-ler, St. Joseph Div., Whirlpool - SeegerCorp., St. Joseph, Mich. 0

GREENWICH- STAMFORD February 19HaWWay House Darien, Conn.

Retail Accounting— ROLAND H. TRUDEL,Mgr., Sears, Roebuck & Co., Stamford,Conn.

HAGERSTOWN. Md. February 21Eagles Club Waynesboro, Pa.

Systems and Procedures — T. HARTFISHER, Dist. Mgr., Standard RegisterCo., Washington, D. C.

HAMPTON ROADS February 20Carl Parker's Restaurant So. Norfolk, Va.

Direct Costing —DR. RAYMOND P. MAR -PLE, Asst. Sec'y, National Assn. of CostAccountants, New York, N. Y.

HARRISBURG, Pa. February 26Penn Harris Hotel

Prospective Amendments to the Unem-ployment Compensation Law—MILES J.GIBBONS, Partner, Heiss, Gibbons & Co.,Harrisburg, Pa.

HARTFORD, Conn. February 19Indian Hill Country Club Newington, Conn.

Guaranteed Annual Wage—STANLEY T.RUTTENBERG, Dir., Dept. of ResearchA.F.L. and C.I.O.

HAWAII February 16Newspaper Publishing Costs in Hawaii— PORTER DICKINSON, Vice Pres. &Asst. Gen'1 Mgr., Honolulu Star- Bulle-tin, Ltd., Honolulu, T. H.

HOUSTON, Texas February 19Weldon's Cafeteria

Mr. Cost Accountant Comes to Town —OLIVER R. ALTUM, Eli Lilly & Co., In-dianapolis, Ind.

IINDIANAPOLIS, Ind. February 20Severin Hotel

E.D.P.M. Where Do W e Go FromHere ? —R. H. HOWE, Dist, Mgr., I.B.M.Corp., Cincinnati, Ohio.

JACKSON, Miss. February 21Walthall Hotel

The C.P.A.'s Relationship with Man-agement —Louts A. MtAZZA, Miazza,DeMiller & Ward, Jackson, Miss.

JAMESTOWN. N. Y. February 19Hotel Jamestown

Income Taxes and Their Future —SAM-UEL J. LASSER, Mgr., Seidman & Seid-man, Jamestown, N. Y.

KALAMAZOO, Mich. February 19Columbia Hotel

Supplementary Unemployment Benefits—SAM MARSH, Washington University,St. Louis, Mo.

KANSAS CITY, Mo. February 18Hotel President

Cott Control— ROBERT T. MORGAN,Mgr., Technical Div., Royal McBeeCorp., Chicago, Ill.

KNOXVILLE, Tenn. February 19The Oak Terrace Oak Ridge, Tenn.

Control of Fixed Assets —J. E. HOSSACK,Asst. Vice Pres., American AppraisalCo., Chicago, III.

LAKE SUPERIOR February 14Flame Restaurant Duluth, Minn.

Tax Forum —Panel Discussion.LANCASTER, Pa. February 15

Hotel BrunswickAccounting Problems of a Major LeagueBaseball Team —LEwis N. MACCUBBIN,Asst. Treas., Baltimore Baseball Club,Inc., Baltimore, Md.

LANSING, Mich. February 21St. John's School Jackson, Mich.

How Cost Accounting Helped BuildOur Business —DAVID D. MERRIMAN,Argus Cameras, Inc., Ann Arbor Mich.

LEHIGH VALLEY February 1SHotel Easton Easton, Pa.

Tabulating— WILLIAM R. CAREY, Head,Payroll & Tabulating Dept., Budd Mfg.Co., Philadelphia, Pa.

LONG BEACH, Calif. February 20Lafayette Hotel

Who Signed Aunt Fannie's Will —J. L.HARRIS, Harris & Harris, Los Angeles,Calif.

LONG ISLAND February 19Garden City Hotel Garden City, L. 1.

Incentives and Productiviti—NICHOLASL. A. MARTUCci, National IndustrialConference Board, New York, N. Y .

LOS ANGELES, Calif. February 19Rodger Young Auditorium

Forged and Fabricated Evidence in Ac-counting —DAVID A. BLACK, Associate,Clark Sellers, Los Angeles, Calif.

LOUISVILLE, Ky. February 19Kentucky Hotel

State Finances — Miss MARL' LouisFAUST, State Auditor, Commonwealthof Kentucky, Frankfort, Kentucky.

MASSACHUSETTS NORTH SHORE February 19Hotel Hawthorne Salem, Mass.

A Challenge to Tax Practitioners —WlL.FRED GODFREY, Keystone CustodianFunds, Inc., Boston, Mass.

F E B R U A R Y , 1957 845

MEMPHIS, Tenn. February 20Gaye" Hotel

Steel...

and the South —R. S. LYNCH,Pres., Atlanta Steel Co., Atlanta, Ga.

MERRIMACK VALLEY February 21Andover Country Club Andover, Mass.

Basic Requirements in an Effective CostSystem —JOHN J. BLACK, Asst. to Con-troller, I.B.M. Corp., New York, N. Y.

MID-HUDSON February 18Nelson House

Working Together —JAMES N. GOR-RINGE, Employee Relations Mgr., EssoStandard Oil Co., New York, N. Y.

MILWAUKEE, Wis. February 18Elk's Club

Return on Capital Employed —R. LESLIEELLIS, Treas. & Controller, Deltox RugCo., Oshkosh, Wis.

MINNEAPOLIS, Minn. February 13Rodisson Hotel

A Day at the BArgaining Table —Man-agement: STANLEY J. NELSON: Labor:ROBERT WISHART.

MOBILE, Ala. February 21Bartel's Pensacola, Fla.

Management Planning and Control —DONALD J. GUTH, Asst. Treas., SolarAircraft Co., Des Moines, Iowa.

MOHAWK VALLEY February 18Club Monarch Yorkville, N. Y.

Economic Forecast for 1957 —HENRY H.HEINEMANN, Exec. Vice Pres., Nat'lAssn. of Credit Men,

MUSKEGON. Mich. February 18ShurRne Room

Supplementary Unemployment Benefits —SAMUEL MARSH, Business Analyst, Econ-omist and Lecturer, New London, Wis.

NASHVILLE, Tenn. February 19Andrew Jackson Hotel

Clerical Economy —J. W . EGOLF, KurtSalmon Assoc., Nashville, Tenn.

NEW HAMPSHIRE February 19Nice Variek Hotel

What Is Factoring? —JOHN COLE, VicePres., William Iselin & Co., Inc., NewYork, N. Y.

NEW HAVEN, Conn. February 26Seven Gables Towne House

Education for Accounting— HOWARD F.GREENE, Chrmn., Acctg. Dept., North-eastern University, Boston, Mass.

NEW ORLEANS, La. February 21Lenfant's Boulevard Room

Economic Circumstances Now and in1929 —DR. ARTHUR A. SMITH, VicePres., First National Bank in Dallas,Dallas, Texas.

NEW YORK, N. Y. February 18Hotel Delmonieo

Wages, Production and Prices—FRED.ERIC L. SIMMONS, Economist, GuarantyTrust Co., New York, N. Y.

NEWARK, N. J. February 28Robert Treat Hotel

Cost Accounting for Managerial Control—ROGER W E L L I N G T O N , Partner, ScovellWellington & Co., New York, N. Y.

NORTH ALABAMA February 18V. F. W. Hall Sheffield. Ala.

The Accountant's Part on the Manage.ment Team — DONALD J. GUTH, Comp-troller, Solar Aircraft Co., Des Moines,Iowa.

NORTH CENTRAL OHIO February 21Mansfield -Leland Hotel Mansfield, Ohio

Corporate Mergers and Consolidationsfrom the Tax Angle— THEODORE R.COLBURN, Jones Day, Cockley &Reavis. Cleveland, Ohio.

NORTHERN WISCONSIN February 19Beaumont Hotel Green Bay, Wis.

Insurance— Fashioned by Christian Dior— WILSON D. SKED, Asst. Vice Pres.,Marsh & McLennan, Inc., Chicago, Ill.

NORWICH, Conn. February 21Crocker House New London, Come.

Automation in the Ofice—WILLIAM S.NEBE, Systems Supervisor, Mgt. Serv-ices Div., Ernst & Ernst, Boston, Mass.

OAKLAND -EAST BAY February 28Sponger's Fish Grotto

Profit Objectives— GEORGE J. WACH-HOLZ, Controller, Minnesota Mining &Mfg. Co., St. Paul, Minn.

OKLAHOMA CITY, Okla. February 18Hotel Biltmore

Current Economic Conditions — WILBURT. BILLINGTON, Federal Reserve Bankof Kansas City, Kansas City, Mo.

OMAHA, Neb. February 19Sheraton- Fonfenelle Hotel

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

PATERSON, N. J. February 20The Tree Restaurant

Women in American Business—MRS.FRANCES COREY, Sr. Vice Pres., Maey'sDepartment Store, New York, N. Y.

PENINSULA -SAN JOSE February 28Chet Yvonne

Federal Income Taxes and You—LoRINTORREY, Partner, Ernst & Ernst, SanFrancisco, Calif.

PEORIA, Ill. February 20Hotel Pere Marquo"o

Work Simplification —W. M. CARRITH-ERS, Asst. Controller, A. B. Dick Co.,Chicago, III.

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

PHILADELPHIA, Pa. February 21Koy1er's Restaurant

Financial Planning — CHARLES A. KLINE,JR., First Asst. Treas., E. I. duPont deNemours & Co., Wilmington, Del.

PHOENIX, Ariz. February 19Golden Drumstick Restaurant

Management's View of a Cost Account -ant —COLIN A. STILLWAGEN, Controller,Ryan Aeronautical Co., San Diego, Calif.

PIEDMONT February 15Greensboro

Progress Report on Electronic ComputerDevelopment —LUTHER HARR, Peat,Marwick, Mitchell & Co., Greensboro,N. C.

PITTSBURGH, Pa. February 20Fenn-Sheraton Hotel

Quicker Reports Through Cost Planningand Control — ARTHUR W. LUCAS,Treas., The Chemstrand Corp., Decatur,Ala.

POMONA VALLEY February 14Orange Hotel

Wage Incentives and Standards —BEN-JAMIN BORCHARDT, Principal, BenjaminBorchardt & Assoc., Los Angeles, Calif.

PORTLAND, Ore. February 19Old Heafhman Hotel

2,241 Cost Problems —R. H. PURSIFULL,Reg. Controller, U. S. Post Office Port-land, Ore.

PROVIDENCE, R. 1. February I tJehoson's Hummocks

Gross Profits Don't Pay Dividends —ROBERT C. PERRY, Controller, NewProducts Div., Corning Glass Works,Corning, N. Y.

RACINE- KENOSHA February 11Kenosha, Wis.

Const Control Through Commercial En-gineering—DR. HENRY LUDMER, Assoc.Prof., Dept. of Industrial Engineering,Illinois Institute of Technology, Chi-cago, III.

RARITAN VALLEY February 20For Hills lee

Preparation of Procedure Manuals—WARREN W. BYRNE, Pres., Lowery &Co., Inc., New York, N. Y.

READING, Pa. February 15Berkshire Hotel

The Accountant's Role in ReducingMaintenance Colts — GEORGE E. MEYERS,Management Consultant, Waban, Mass.

RICHMOND, Va. February 21Hotel John Marshall

What Doer Your Business Do With ItsCost Data? — WILLIAM W. WRIGHT,Budget Mgr., Johns - Manville Corp.,New York, N. Y.

ROCHESTER, N. Y. February 20Somme Hotel

Communications —Do W e UnderstandEach Other ? —E. H. PLANT, Coordinatorof Training, Kodak Office, Eastman Ko-dak Co., Rochester, N. Y.

ROCKFORD, 111. February 19Hotel LaFayeffe

Leasing vs. Purchase of Equipment —R. A. PERKINS, Controller, Kearney &Trecker Corp., Milwaukee, Wis.

SABINE February IsLittle Mexico Restaurant Orange, Texas

Problems in Handling Business Insur-ance—J. CARLTON SMITH, C.L.U., Edu-cation Dir., Southwestern Life InsuranceCo., Dallas, Texas.

SAGINAW VALLEY February 20Zohndor's Hotel Frankenmuth, Mich.

This Side of Tomorrowland— ROBERTG. DEE, Chicago Distr. Mgr., ElectroData Div., Burroughs Corp., Chicago,Ill.

ST. LOUIS, Mo. February 19Coronado Hotel

What's New in Taxes for 1957 —CLARKW. BREEDING, Peat, Marwick, Mitchell& Co., Dallas, Texas.

ST. PAUL, Minn. February 12Commodore Hotel

The Economics of Atomic Power forElectrical Energy —ALLEN S. KING,Pres., Northern States Power Co., Min.neapolis, Minn.

SALT LAKE CITY, Utah February 18Harman's Cafe

Controls for Capital Expenditures —DR.RICHARD L. SMITH, Chrmn., BusinessMgmt. Dept., Brigham Young Univer.sity, Provo, Utah.

SAN ANTONIO, Texas February 19Gunter Hotel

Application of Electronics to Small Busi.nesses —LLOYD E. ELLIS, Distr. DataProcessing Rep., I.B.M. Corp., Houston,Texas.

SAN DIEGO, Calif. February 13Town R Country Club

Accounting Techniques for MinimizingTa x es — DONALD BURNS, Partner &Mgr., Tax Dept., Arthur Young & Co.,Los Angeles, Calif.

SAN FRANCISCO, Calif. February 26Engineers Club

What the Accountant Should KnowAbout Insurance —JACK HELMS, John-son & Higgins, San Francisco, Calif.

SANGAMON VALLEY February 19Hotel Orlando Decatur, III.

A Philosophy for Accountants —W. H.FRANKLIN, Vice Pres., Caterpillar Trac.tor Co., Peoria, I11.

F E B R U A R Y , 1 9 5 7 847

SCRANTON, Pa. February ISScranton Club

Principles of Sound Investing—JOHN F.SULLIVAN, Part ner, Merr i l l , Lynch,Pierce , Fe nner & Beane, N e w Y o r k .

SEATTLE, Wash. February 20Sorrento Hotel

The Las Vegas Technique — EUGENE D .GODDESS, Manage me n t Consul tant , Seat-t l e , Wash .

SHREVEPORT, La. February 21Caddo Hotel

Office Automation Changes AuditingTechniques—ALLAN T . STEELE, Assoc.Prof . of Acct g, , Nort hwe st ern St at e Col-lege, Natchi t oches, Louisiana.

SOUTH $END, Ind. February 19LaSalle Hotel

The Role of the Accountant in Equip-ment Replacement Policy —RAYMOND R.MAYER, Lecturer, D ynami c Equ ipmentPolicy, Il l inois Inst i tute of Te chnol ogy.

SOUTH FLORIDA February 21Hotel Alcarar Miami, Fla.

Systems of Fast Report ing— NORVELLG . JONES, Asst . Plant Accountant ,Chemst rand Corp. , Pensacola, Fla.

SOUTHERN MAINE Febrswry 21Elm Hotel Auburn. Me.

The Wage and Hour Law and SmallBusiness —DAVID I. HASKELL, U . S.De pt . of Labor, Por t land, Me.

SPRINGFIELD, Mass. February 20Hotel Shelton

Maintenance and Equipment Replace-ment Policies —CARL M . BEACH, VicePres. & Dir. , Cinci nnat i Mil l i ng &Gri nd i ng M achi ne s , Inc. , Cincinnat i .

SYRACUSE, N. Y. February 21Cithens Club

Internal Controls for the Small Manu-facturer— ARTHUR C. C H U B D U C K , Part -ner, Pat te rson, Te e l e & D e nn i s , Boston.

TOLEDO, Ohio February 19Commodore Perry Hotel

Embezzlements —With a Vie w TowardPro tec tion —R. C. TAYLOR, Ge n'1 Au-di tor, B. F. Goodr ich Co., Akro n , O h i o .

TRENTON, N. J . February 12Hotel Stacy -Trent

Return on Investment as a MeasuringStick—J OHN SCHULTz, Atl ant ic Refin-i ng Co., Phi lade lphia, Pa.

TRI•CITIES February 19Fort Armstrong Hotel Rock Island, III.

The Effect of Automation Upon CostAccountants — HAROLD CRUTHts, Di st r.Mgr . , St andard Re gis te r Co., Peoria, 111.

TULSA, Okla. February 19Hotel TulsaCanad ian Operat ions —E. D. LOUGHNEY,Exec. Vice Pres., BritisM Amer ican OilCo., Lt d. , T oron to , C anada .

WABASH VALLEY February 19Deming Hotel Torre Haute , Ind.

Looking Behind to See Ahead —A. N .LEVIN, Part ner, Levin Bros. , Te rreHau te , Ind .

WASHINGTON, D. C. February 20The Occidental

Accountants As Admin is tra tor s — E. J.JOHNSON, Cont ro l le r & D i r . of Person-nel Admi n. , Bd . of Governors of theFederal Reserve System, W as h i n gt on .

WATERBURY, Conn. February 12Roger Smith Hotel

Measure of Management — JACKSONMARTINDELL, Pres., Amer ican Inst i tuteo f M an age me n t , N e w Y o rk , N . Y .

WATERLOO, Iowa February 13The Convair Room

The Accountant's Place on the Manage-ment Team — PAYSON .HALL, Treas. ,Mere di th Pub l i s hi ng Co., De s Moi ne s.

WESTERN CAROLINAS February 21Piedmont Club Spartanburg, S. C.

Operations: American Business System—HOWARD W . BENNETT, EconomicCons ul tant , Ge ne ra l Electric Co.

WICHITA, Kan. February 19The Broadview Hotel

How to Wr i te a Sup eri or Rep ort —D EN-NIS MURPHY, Service Pi pe Line Co.,Tul s a, Okl a .

WILLIAMSPORT, Pa. February 11Lycoming Hotel

Progress Report of the 1954 InternalRevenue Code —RICHARD T . FARRAND,Lybrand, Ross Bros. & Montgomery,Ph i l ade l ph ia , Pa .

WORCESTER, Mass. February 21Putnam & Thurston's Empire Room

Insurance - Casualty Coverages and Costs— RICHARD P. WAYNE, Chief Under -wri t e r, Liberty M ut ual Insu rance Co.,Boston, M ass.

YORK, Pa. February 20Yorktawne Hotel

Accounting for Top Management —J. K.LOUDEN, Vi ce Pres. & Ge n ' l Mgr.,Commercial Div. , Y o r k D i v . of Borg -W arne r C orp . , Y ork , P a .

YOUNGSTOWN. Ohio February 20Mural Room Restaurant

Control of I n v e n t o r y — N . MADISONCARTMELL, N . Madi son Car tme l l &Assoc., N e w York , N . Y .

8 4 8 N.A .C . A . B U L L E T I N

CHAPTER COMPETITIONStanding of Chapters -For Seven Months Ending January 1, 1957

PLACE CHAPTER POINTS PLACE CHAPTER POINTS

I. AKRON..... ....................

3426 65. WILLIAMSPORT.. .. ............

25182. W ICHITA

. ... .... . .........3378 67. HAGERSTOWN 2512

3. DALLAS.. ... .......... ........

3348 68. TRI- CITIES.. .. _ _.... ...

2507W. HOUSTON

........ .............3303 69. OM AH A 2488

S. MOHAW K VALLEY.. ..........

3282 70. NORW ICH... ... ..._..........

2479

6. SCRANTON................. ....

3270 70. PITTSBURGH_ _ .. _ .......

24797. DES MOINES

..................3146 72. SPRINGFIELD

.... ..... ,.... ..2466

8. MERRIMACK VALLEY.........

3138 73. BOSTON 24549. CHATTANOOGA

.. ........3110 74. BUFFALO

...2438

10. YORK.... .... .............. .....

3109 75. BIRMINGHAM.. ...... ..

242811. HA W A II

........... . .........3095 75. CLEVELAND

....... .. ....2428

12. POMONA VALLEY.... ..........

3088 77. RACINE - KENOSHA....- .........

242213. KNOXVILLE

.... ..._. ..........3064 78. NO . CENTRAL O H IO

............2413

14. MINNEAPOLIS...................

3039 79. WORCESTER.....................

241215. W ASHINGTON

..... . ..........3030 80. YOUNGSTOW N

................ . 2405

16. SALT LAKE CITY................

3002 81. PENINSULA -SAN JOSE..........

240217. PROVIDENCE

......

3000 82. NEW HAMPSHIRE...............

240118. HAMPTON ROADS

...._........

2988 83. MID - HUDSON.......... __

. ..

237419. BATON ROUGE

.................

2973 84. MILWAUKEE.................. .

236920. COLUMBUS

_ .. .. .........

...

2964 85. OAKLAND -EAST BAY........ ....

236221. NEWARK

.... . . ..........

2924 86. BROOKLYN.................. . .

236022. LOUISVILLE . . . . . . . . . . . . . . . . . . 2896 87. DENVER . . . . . . . . . . . . . . . . . . . . 233923. EAST TENNESSEE

. ....

..

2888 87. NEW HAVEN........ ......

233924. LAKE SUPERIOR

.... _ ........

_ .

2864 89. BALTIMORE...... ....

233125. KALAMAZOO

.... . . ... .......

2854 89. INDIANAPOLIS. . .. ..........

2331

26. LONG ISLAND..................

2847 91. CH ICA G O...... .. .. ...

232827. FORT WORTH

...... .......

..

2846 92. GRAND RAPIDS..... ......

232228. DAYTON

.......................

.

2845 93. SABINE........... .... .....

231829. SANGAMON VALLEY

.. . ...

2843 94. SAN DIEGO... . ....

231630. KANSAS CITY ....... _ ........

.

2840 95. ROCHESTER........... ....

2310

31. LANSING.... .... ............

2836 96. ALBANY............... . .

230832. SOUTH BEND

............ _

. .

2834 97. SHREVEPORT.. -

230533. ST. LOUIS

.......................

2794 98. DELAWARE.................. . .

229134. MASS. NORTH SHORE

.........

2786 99. SYRACUSE...... ............

229035. FALL RIVER -NEW BEDFORD.... 2776

100. LONG BEACH.... ......

227336. ERIE

............... .............

2757 101. SOUTHERN MAINE............

226537. NEW ORLEANS . . . . . . . . . . . . . . . . . 2754 102. BANGOR . . . . . . . . . . . . . . . . . . . . . . . 225237. SAN ANTO NIO

.... ... . . ..

2754 103. LANCASTER............... . .

224639. TRENTON

.... ..... ...... ....

2740 104. CHATTAHOOCHEE VALLEY. . ..

223440. PATERSON

..... ...........

2736 105. ANN ARBOR.................

_

222341. ATLANTA . . . . . . . . . . . . . . . . . . . . . 2727 106. PEORIA . . . . . . . . . . . . . . . . . . . . 220942. DETROIT

.... . ..................

2718 107. ELMIRA AREA. . .... ... .

220543. EVANSVILLE . . . . . . . . . . . . . . . . . . . . 2702 108. MOBILE

. ....... ....... .. ..

220044. PORTLAND

.......................

2700 109. CHARLOTTE..... ... _ . .........

219545. NO. W ISCONSIN

... .... ..

.

2688110. COOSA VALLEY

..... ... .....

218646. BRIDGEPORT

...................

.

2674 111. NORTH ALABAMA..... .. .....

217447. WESTERN CAROLINAS

..........

2670 112. READING....... . ..........

.

217148. FORT WAYNE

........ ..........

2669 113. WATERLOO... _ ... .. ...

....

216849. PHILADELPHIA

...... ..... . .

2663 114. BINGHAMTON.. . .... ...

.

215450. TOLEDO

.... .... . ...........

2651115. SAGINAW VALLEY

..............

215351. ROCKFORD

. _ ... .. ...........

2649 116. ST. PAUL............. ......

213952. CALUMET

.... ... . ..........

.2644 117. WABASH VALLEY..........

213853. CUBA

............................

2634 118. NASHVILLE....................

.

213453. LOS ANGELES

. _ ...............

2634 119. JACKSON...... ........... .

212655. HARTFORD 2615

...................... 120. RARITAN VALLEY.............

212556. TULSA

...........................

2592 121. PIEDMONT........ ...... ....

.

209057. GR EENWI CH-STAM FORD

........

2584 122. COLUMBIA....... .... ......

205858. WATERBURY

...................

.

2573 123. NEW YORK....... ....

204359. JAMESTOW N

............ .. ....

2555 124. SAN FRANCISCO. .. .. ...

197360. FOX RIVER VALLEY.. 2549

........ 125. PHOENIX....... .......

197261. CEDAR RAPIDS

..................

2546 126. SOUTH FLORIDA................

193862. RICHMOND

.....................

2539 127. SEATTLE............ ...........

.

187963. LEHIGH VALLEY

.... ...... ....

2528 128. MUSKEGON.... ..... ..

185664. HARRISBURG

....................

2522 129. OKLAHOMA CITY ...... 184565. CINCINNATI

....................

2518 130. MEMPHIS.............. ......

1697

FEBRUARY,

1 957 849

Bu

5Y

MILWAUKEERegional Conference March 15 -16

Hotel Schroeder

PLACES

And They'll Be Busier in March!ST. LOUIS

Regional Conference March 8 -9Hotel Statler