N.A.C.A0 BULLETIN V5716 J��flC�`,strc1%tTnN

LI BRA R the New

Spring Regionals to Take Place at Philadelphia and Lansing 795

Annual Conference Committees Start Their Work 798

Picture Post - Scripts to San Francisco Regional 799

Research Project Committee Appointed 803

Oklahoma City Newest N.A.C.A. Chapter 807

In the Public Eye 801

Congratulations To 805

Chapter Competition

809

V � Chapter Meetings

810 a*

N.A.C.A. BULLETIN VolumeXXXV11, Number

p o.

Published by NATIONAL ASSOCIATION OF COST ACCOUNTANTS

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

BULLETIN BOARD

HAVE YOU CONSIDERED . . .

N.A.C.A. Accounting Practice Reports for use in Education of Accounting Personnel Within Your Company?

TWO REPORTS NOW AVAILABLE . . . Controlling and Accounting for Supplies Planning, Controlling and Accounting for Maintenance

These reports summarize current practice and indicate many ways in which accounting in these areas has been effectively carried out.

Single Copies 8.25 each Orders for 10 or more 96.20 eadi

This Baflstin 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. XXXVII, No. 6, February, 1956 COPYRIGHT 1956 BY THE NATIONAL ASSOCIATION OF COST ACCOUNTANTS _ 1 1 " 1 ice.. 9FIT

Spring Regionals to Take Place at Philadephia and Lansing

N SPITE OF intervening weeks — and trial accountant's hand in meeting his Iweather — Spring lies not so far challenge. ahead, and sighting along this line, the These two conferences will both con- two regional conferences which will vene in April, the first at Benjamin complete the activity for the Association Franklin Hotel in Philadelphia, on April year lie just down the stretch and ready 6 and 7; the second at the Olds Hotel in Lansing, Michigan, -on April 20 and 21. Together, they will bring to the middle Atlantic and midwest, the fare which the fall conferences brought to New England and the far west (and which a spring 1954 -55 regional gathering at

David P. Fry, Jr., Philadelphia Regional Con - ference Committee Chairman.

to be welcomed as timely assists to tasks at hand. As usual, they will bring to their respective areas hard - hitting ad- dresses and informative discussions, as well as the personal contacts occasioned W illiam J. Pawelec, Philadelphia Regional Con- by a conference, to strengthen the indus- ference Technical Program Committee Chairman.

FEBRUARY, 1956 7 9 5 Memphis brought to the southeast). Like this instance are Baltimore, Binghamton, these conferences, the two now coming Brooklyn, Delaware, Elmira Area, Hag- up reflect the three- session setup —all -day erstown, Hampton Roads, Harrisburg, Friday, plus Saturday morning —which Lancaster, Lehigh Valley, Newark, New has come to be utilized with such con- York, Paterson, Pittsburgh, Raritan Val- venience and effect in the regional con- ley, Reading, Richmond, Scranton, Tren- ference program. . ton, Washington, Williamsport, and York. At Philadelphia Apart from the main objective of con- In charge of arrangements for the Phil- ference attendance, N.A.C.A. members adelphia gathering is a Conference Com- who come to Philadelphia on April 6 mittee headed by David P. Fry, Jr., Past will find the many landmarks which make President of the Philadelphia Chapter, the city a center for tourist attractions. and currently serving as a National Di- Principal among points of interest are rector. The Committee will devote its those associated with the founding of the attention to the many details required to industrious young Republic which now accommodate the conference sessions and carries the prestige and responsibilities conference -goers in order, convenience, of the world's most industrial nation. and comfort. The many -sided work of These include Independence Hall, where this committee will be paralleled by the the Liberty Bell is located and where the work of the Technical Program Commit- tee, chairmanned by William J. Pawelec, Declaration of Independence and Consti- Philadelphia Chapter, the responsibility tution were signed; Carpenters' Hall, of which is the preparation of the most meeting place of the first Continental informative array of addresses and other Congress; Congress Hall, scene of the technical events. Program details, as de- first Congress of the United States, Betsy veloped, will appear in a future Bulletin Ross House, Edgar Allan Poe House; and story and in member mailings. Mr. Paw - many locations reminiscent of Benjamin elec is Past President of the Indianapolis Franklin and William Penn. Valley Forge Chapter and also is currently serving as State Park (called the "Nation's Shrine ") a National Director. is 20 miles to the west. Philadelphia Chapter, as host, is not alone in its preparation for the first spring At Lansing regional. As is customary, a group of As noted, the 1955 -56 regional con- chapters in the same section of the coun- ference season will end later the same try are recognized as co- sponsors and month, with the gathering at Lansing, supplement the advance activities of the Michigan on April 20 and 21. The Con- host chapter. The co- sponsor chapters in ference Committee for the final regional

796 N.A.C.A. BULLETIN is headed by C. Russell Clausen, Past President of Lansing Chapter, and is planning to make the Michigan Confer- ence an especially memorable one. The efforts of this committee will be aided and abetted by the conference technical program committee which has as its chair- man Firman H. Hass, National Director and Past President of Detroit Chapter. Its objective will be, during months ahead, to construct a timely program geared to the particular needs of industry in the area and to secure speakers of high calibre. Again, it may be pointed out that the host chapter does not stand alone in the

C. Russell Clausen, Lansing Regional Conference Committee Chairman.

promotion of the conference. Co- sponsors with Lansing are Ann Arbor, Calumet, Chicago, Detroit, Fort Wayne, Grand Rapids, Kalamazoo, Muskegon, North Central Ohio, Saginaw Valley, South Bend and Toledo. It will interest members planning to attend the midwest Regional to note that Lansing is a city of interest in its own right. It was named the capital of Michi- gan in 1847, and is known as the city where the first automobiles were built and marketed —in 1887 by R. E. Olds. It is the home of Reo Motors, Inc., Olds Motor Works, and the Fisher Body Cor- Firman H. Hass, Lansing Regional Conference Technical Program Committee Chairman. poration. FEBRUARY, 1956 797 Annual Conference Committees Start Their Work

Shown at Technical Program Committee meeting are (clockwise around the table) Edwin F. Grames, Don- ald J. Patton, National Assistant Secretary Raymond P. Marple, Conference Committee Chairman Theodore W. Bonne 1!r, National Assistant Secretary John L. Doran, National Secretary Arthur B. Gunnarson, John D. Harrington, Technical Program Committee Chairman Donald J. Guth and Leonard E. Zastrow.

Pictured above are members of Conference Committee and Operating Committee Chairmen, with mem- bers of Headquarters Staff. Left to right in the foreground are Mrs. Grant U. Meyers, Mrs. John Gilby (in charge of Ladies Activities), and Mrs. Joseph F. Cotteleer. Also, left to right are Edward C. Becker, Charles P. Roney, A l bert H. Deierling, Roy S. Kritser, National President Charles R. Israel, John C. Walker, Guy F. Campbell, Grant U. Meyers, National Assistant Secretary Raymond P. Marple, S. D. Flinn, Ronald L. Flanary, National Assistant Secretary John L. Doran, Conference Committee Chairman Theodore W. Bonnevier, Joseph F. Cotteleer, National Secretary Arthur B. Gunnarson, V. E. Laine, Donald S. Mitchell, and Edward R. Johnson.

7 9 8 \".A.C.A. BULLETIN Picture Post - Scripts to San Francisco Regional

HE ACCOMPANYING t w o photographs The picture does not lend itself to T were received after the report of the identification of individuals but it is Regional Conference at San Francisco on quite possible that many members who December 2nd and 3rd in the January were unable to attend will see one or issue of the Bulletin had gone to press. more faces which they recognize. It may They form an important addendum to be noted that there is at least one evi- the description of the proceedings, re- dence that interest in the session ex- flecting, as they do, two values of con- tended beyond the masculine gender. ference attendance. The dinner gathering picture also The audience view of one of the tech- suggests a conference value. N o t only nical sessions seems devoid of postures of do the individuals identified in the cap- restlessness and shows eyes, not toward tion reflect conference leadership. Inter- the camera but toward the rostrum. est may also attach to the relaxed and

Attentive faces mark those in attendance at a December 2 technical session of NACA's Regional Conference at San Francisco.

FEBRUARY, 19 56 ?v� ) friendly attitudes typical of NACA ual faces in the gathering will add inter - groups, apparent at the various tables. est to the picture, in the case of many Again, it is quite possible that individ- members.

Shown here is a portion of the gathering which enjoyed the social side of the regional conference at dinner in the Peacock Court of the Mark Hopkins Hotel, San Francisco on December 2. Those at the head fable in the background are, left to right, National Assistant Secretary Rawn Brinkley, President of San Francisco Chapter Roy B. Oliver, National Assistant Secretary Raymond P. Marple, National Director Paul M. Herring, Past National Director Harold M. Heckenlively, Past National Director Milton L. Grout, National Director Coleman A. Stillwagen, Past National Director Donald J. Guth Past National Director H. Leslie Rogers Past National Director Charles E. Rawlin. son, National Vice President J. Kiernan W hite, National Vice President Moritz E. Pape, National President Charles R. Israel, Conference Committee Chairman Thomas H. Parham, Past National Vice President Robert E. Derby, Past National Vice President W illiam H. Franklin, National Director Maurice C. Dahlem, National Secretary Arthur B. Gunnarson, and National Director W illiam H. Hol m.

WE REMEMBER

Robert Harvey Willson, 39, DENVER (New- Kennon M. Hutchins, 61, NORTHERN WIS- ark, 1951) , Haskins & Sells. CONSIN ( 1 95 2) , Neenah Paper Company. J. Frederick Woessner, 55, NEW YORK Richard C. Fluegel, 53, GREENWICH -STAM- (Pittsburgh, 192 9) , Controller of the FORD (1943), Olympic Development Com- Great Lakes Carbon Corp., Past President pany. of Pittsburgh Chapter and former Na- tional Director. Terrell Hauser, 53, OMAHA ( 1 95 0) , Inland A. T. Neitzel, 52, SANGAMON VALLEY (St. Construction Company. Louis, 1938), Sangamon Electric Company.

800 N.A.C.A. BULLETIN IN THE PUBLIC EYE

Akron's Robert Katxenmeyer authored a manu- sented the Cuban Institute of Account- script titled "Cost Accounting Context in ants at the recent Third Annual Sugar the Last 17 Uniform CPA Examinations," Forum, at the University of Havana. published in the Accounting Review. Dallas' Leslie P. Ewen has been elected Vice Ann Arbor's Les Schwanbeck addressed a two. Chairman of the A&M Accounting Con- day seminar on Linear Programming in ference which will be held in April. Also, Inventory Management at the Methods En- he recently addressed the Waco Chapter gineering Council in Pittsburgh on the of the Texas Society of CPA's. subject: "Cost Savings Which Can Be Obtained Through Better Inventory Man- Detroit's Edward J. Barr was selected Chair- agement." ... David Merriman was Gen- man of the Committee on Accounting and eral Seminar Chairman for the 8th Annual Auditing Procedures of the Michigan So- International Systems Meetings held in ciety of CPA's. . . Clare Purdy served Detroit. as a member of the committee which ar- ranged the 8th Annual Graduate Study Raton Rouge's Leo Herbert is among the au- Conference at Ann Arbor, co- sponsored by thors who contributed to the Standard the University of Michigan and Michigan Handbook for Accountants, published in Association of CPA's. January by McGraw -Hill. Evansville's E. F. Weigle, served on the Roston's Edward G. Hines addressed the Jun- Branch Operations Committee of the ior High Debating Clubs of the Quincy United States Savings and Loan League's Public Library on "The Importance of convention, held in Miami Beach. Good Speech." Hampton Roads' George Ewell has been Chicago's Andrew Sim was speaker before elected President of the American Veneer the Realtors' Forty Club, in Chicago, on Package Association. "Latest Development on Income Taxes in the Real Estate Field." Jamestown's Thomas S. Dudick had an ar- ticle, "Wire Drawing Costing and Cost Cleveland's Scott A. Edgell served as a mem- Control ", in a recent issue of Dire and ber of the panel which discussed "Skilled Wire Products. Job Classifications" at the Fourth Annual Industrial Relations Conference of The Lake Superior's Leslie A. Carlson has been Rubber Manufacturers Association in New elected President of Duluth Chapter of York recently . Alex St. Bernard has the Minnesota Society of Certified Pub- been appointed Chairman of a subcommit- lic Accountants. . . . Louis P. Goldberg was re- elected Governor of District Seven tee on Accounting for Accelerated Depre- of the National Society of Public Account- ciation of the General Accounting Com- mittee of Edison Electric Institute . ants. Elmer G. Beamer and William H. Faber have been installed as President and Se- Long Beach's Beverly Blair was recently elected President of the Hotel Accountants cretary- Treasurer, respectively, of the Cleveland Chapter of the Ohio Society Association. of Certified Public Accountants. Louisville's Charles Manieuffel has succeeded to the Presidency of the Louisville Chap- Columbus' William Jencks has been elected ter of the National Society of Business Director of the Ohio Society of Certified Budgeting, and has also been made a Public Accountants and appointed to a National Director of same. sub - committee of the Budget Committee of United Appeals. Milwaukee's James H. March is listed as a contributor to the Standard Handbook for Cuba's Rafael A. Navarrete was appointed Accountants recently published by Mc- President of the Delegation which repre- Graw -Hill. FEBRUARY, 19 56 80 1 Muskelton's John Scully and Jack H. Witt i s h . . . . Francis Durand spoke before the participated in a discussion panel with Beaumont Trust Council on "Taxation of representatives of the Purchasing Agents Life Insurance Proceeds." . Wendell Association, in Muskegon, on "Volume Meenis participated in a panel discussion Purchasing vs. Inventory." at the Municipal Finance Officers Associa- tion in Brownsville on "Municipal Pay- Now York's William J. Ritter spoke on "Uses rolls" of Cost" before the Elementary Cost Ac- counting class at the New York University St. Louis' Edwin A. Paradoski is now Presi- School of Commerce.... Morton S. Con- dent of the University City Library Board. rad had an article in a recent issue of The New York Certified Public Account- San Francisco's Wayne Hea spoke before the ant, titled "The Percentage - Squared Method San Francisco Chapter of the Society of of Depreciation (A Computational Simpli- California Accountants and before six fication of the Sum -of- the - Years' - Digits other groups in Northern California on Method.") "Professional Tax Planning Course."

Northern Wisconsin's George Kalcik ad- Seattle's Robert Hutchinson and Curtis Car - dressed the Sixth Annual Institute on mean served as Chairman of the Tax Taxation held at Marquette University's Forum sponsored by the Tax Executives College of Business Administration. Institute to Tacoma. . .. . Kenneth Wall Stanley B. Grady served as a Chairman addressed this group also on "Real Estate of an American Management Association Financing —Sales and Leasebacks." workshop seminar in New York on Janu- ary 30- February 1. . P. M. Chiumi- Shreveport's Marion H. Simpsen had an ar- natto will speak before the Finance Con- ticle, "The Accountant's Production: Re- ference of the University of Wisconsin ports", in a recent issue of Cost and on February 22 on "Creation and Con- trol of Working Capital." Management. Syracuse's Bernard J. Whitbread addressed Norwich's Paul S. Ferguson addressed the Accountants' Club of the University of the American Society of Women Account- ants on "Financial Budget ". . Mark Connecticut at Storrs recently on "Oppor- Z. Hanlon has been elected a National tunities in the Accounting Profession." Director of The Controllers Institute of Philadelphia's Benjamin Griffith is instruct- America. ing a class offered by the Engineers Club of Philadelphia on "Effective Speech." Trenton's Alfred 0 . Redland has been ap- Earl Cox addressed a recent meeting pointed to the National Advisory Board of Automotive Accountants. of the Volunteers of America. Pittsburgh's Munro Corbin had an article in Twin Cities' Allan Seed addressed the Small a recent issue of The Controller, titled Business Forum of the Minneapolis Cham- "Operating Statements: Get Them While ber of Commerce on "Selling at a Profit." They're Hot ". . Edward K. Redfern . George J. Wachholz spoke before the is among contributors to the Standard American Management Association Con- Handbook for Accountants recently pub- vention in New York on "Budgets and lished. Cost Controls." . . . Herbert Walker has been elected Vice President of the St. Racine- Konosho's Robert D. Leutner recently Paul Mobile Radio Club, composed of acted as host to the Chicago Manufactur- radio amateurs organized to serve the ers' Cost Association which visited the community in emergencies and at civic Belle City Malleable Iron Company and functions. . . Robert Toll and his Toll S. C. Johnson & Sons, Inc. . Cyril Tabulating, Inc., were recently featured in Burkett addressed the Public Utility the Business Section of the Minneapolis League, composed of Wisconsin Natural Sunday- Tribune. Gas Company employees of ten Wis- consin districts, on "Division Operation Worcester's George Shannon represented the and Territory Boundary. Massachusetts Certified Public Accountant Society at the New York State CPA So- Sabina's Gorham Streater is Chairman of ciety's recent meeting on foreign states' United Appeals Drives for Calcasieu Par- taxes. N.A.C.A. BULLETIN 8 0 2 Research Project Committee Appointed A T A RECENT MEETING, the Executive Sheldon L. Page, Erie Chapter Committee of the Association, act- Russell B. Read, Pittsburgh Chapter ing on a recommendation of the Commit- tee on Research Objectives and Organiza- Harry K. Roberts, Portland Chapter tion that a separate review and editing Jay T. Sarles, Mohawk Valley Chapter committee be appointed for each research William W. Wright, Raritan Valley study undertaken, approved appointment Chapter of separate committees for the two re- search projects in process. This study, dealing with the price The following members have accepted at which products are transferred between the invitation of President Israel to serve units of the same organization and the on the Committee to work with the re- accounting and management implications search staff on the study of "Accounting of the pricing method used, has reached for Intra- Company Transfers ": the stage where a draft report is ready for review by the Committee at a meeting George J. Wachholz, Chairman, Twin this month. It is expected that a report Cities Chapter on this study will be issued early this Wayne B. Archerd, Lehigh Valley spring. Chapter Another project committee to work with the research staff on a study on "Ac- John Bachofer, Kansas City Chapter counting for Joint and Common Costs" William F. Bennett, Richmond Chapter is in the process of formation. Field in- terviews on this study are in process and George N. Benoit, Springfield Chapter it is anticipated that a report on this study David S. Moffitt, New Haven Chapter will be issued during the summer.

FEBRUARY, 1956 803 Gathering of Caterpillar Tractor Accountants Includes Members of Six N.A.C.A. Chapters

HAT DOES AN industrial accountant occupied in cases in which more than one W look like? The attached photograph has been held). shows an even dozen of them, in attend- Primarily, it is a group picture of ance at a meeting of plant chief account- responsible working industrial accountants ants of Caterpillar Tractor Co., all of convened in discharge of duties. A look them N.A.C.A. members representing at the photograph may place the observer six chapters and including a National at a loss for adjectives to typify the as- Director, a past National Vice - President semblage. Each countenance differs in and Director, a past Chapter President, character. However, one word is clearly a past chapter Vice- President and six applicable. The description "alert" is sug- present or past chapter Directors (these gested by the expression of each person designations cover only the highest office present. This may well be the "badge ".

Seated around Conference table at Caterpillar Tractor Co. meeting of Plant Chief Accountants at the

company s general offices at Peoria, Illinois, are N.A.C.A. members (left to right, seated) F. O. Call (Milwaukee Chapter), I. J. Fleener (York Chapter), C. A. Vobroucek (Sangamon Valley Chapter), R. A. Morgan (Peoria Chapter), R. I. Johnson (Peoria Chapter) L. W . Lees (Peoria Chapter), National Director W. E Bergstrom (Peoria Chapter), W. V. Stoughton (Peoria Chapter), P. J. Lojo (Oakland-East Bey Chapter), P. P. Donis (Fox River Valley Chapter); (standing) Company Comptroller A. N. W hitlock (Peoria hapter) and past National Vice - President W illiam H. Franklin (Peoria Chapter) who is company Vice - President.

804 N.A.C.A. BULLETIN CONGRATULATIONS TO

Clyde Van Horn, AKRON, promoted to Chief George Schwarz, DETROIT, who is now Vice Cost Accountant for the Timken Roller President and General Manager of the Bearing Company. General Products Division of Wyandotte Chemicals Corp.... Cecil Taylor, now George O. Sparks, Jr., BALTIMORE, now a General Cost Accountant with the Holley member of the accounting faculty at Carburetor Co.... John Helenhouse, ap- Johns Hopkins University. John W. pointed Controller of the Steel Division Mazz, who has recently become associated of Ford Motor Company. with Gardner Oldsmobile Co. Joseph J. Guldrey, ELMIRA AREA, who has Burleigh Barker, BANGOR, who has been pro- been appointed Manager of the Internal moted to Assistant Comptroller at Keyes AuditingD epartment of Sylvania Elec- Fiber Company.... Carl DuBoard and tric Products, Inc., with oJces in Camil- Arthur Bashier, upon formation of an lus, N.Y. accounting Partnership, with offices in Waterville, Bangor and Boston. Ilan F. Graves, GRAND RAPIDS, now Comp- troller, Assistant Secretary and Assistant Joseph J. Dunn, BUFFALO, who has been Treasurer of Sackner Products, Inc. named Administrator of the Niagara Fron- tier Milk Marketing Area.... Matthew Raymond A. Hoffmaster, HARTFORD, who is A. Hall, appointed Assistant Treasurer now Secretary and Treasurer of Cheney and Controller of the Carborundum Com. Brothers. pany, Niagara Falls. Benny B. Ruth, HOUSTON, now with Kelley Dale Hughes, CALUMET, promoted to Gen- Manufacturing Company, eral Supervisor, Cott and General Ac- Edward L. Alm, INDIANAPOLIS, counts Bureau at the Gary Sheet and Tin who has . . . Norman F. Haley, joined the staff of Gordon E. Wilson, Mill. who has CPA. . Laurence Casey, upon as- been promoted to Supervisor of Standards suming the position of Comptroller of and Statistics at the same plant. the Muncie Malleable Foundry Company. E. M. Hicks, Jr., CHARLOTTE, who has been Harold C. Radford, JAMESTOWN, who has

promoted to Vice President and Assistant of

of been named Branch Manager the Bur- Treasurer Chadbourn Gotham, Inc. roughs Adding Machine Corp. in Hono- lulu. Kelly Siddall, CINCINNATI, who has been elected Administrative Vice President and Herbert J. Wagner, LANCASTER, of now Office a Director Procter & Gamble Com- Manager of the San Giogio Macaroni pany. . . . Daniel P. Franklyn, made Company.... Donald L. Bowman, who President and General Manager of New is now Accountant for 11"hithrop- Ste4rns, England Distillers, and also Vice Presi- Inc., Myerstown. dent of Schenley Distillers. Henry W. Hornik, LONG ISLAND, appointed Rose Volmelker, CLEVELAND, who has been Controller of American Lead Pencil Co., promoted to Assistant Director of the Hoboken. Cleveland Public Library. William Jackson, LOS ANGELES, who is now Byron Bunn, DALLAS, now Controller of Com- Controller at the Southern California Dis- mercial Tool Company. infecting Company. Thomas A. Gayharf, DAYTON, who is now a F. Guy Melanson, MASSACHUSETTS NORTH Member of the Budgeting Section at SHORE, who has been appointed Comp- Wright- Patterson. . Robert Arthur, troller of American Hide and Leather appointed Administrative Assistant to the Company in Lowell. . . . John F. Mc- Executive Vice President and General Manus, who has been made a Partner Manager of The Standard Register Co. in Boyden, Yardley, McManus and Guay. FEBRUARY, 1956 805 Auditor of Monsanto Chemical Co.

Jobe Kauoules, NEW HAMPSHIRE, made .. . Office Manager of the Dracut Office of Welton L. Bauman, named Assistant M.T. Stevens and Sons Company. Comptroller of the St. Louis and South- western Branches of National Lead Com- Edward W. Newton, NEW HAVEN, elected pany. Assistant Secretary of High Standard Manufacturing Corp. . Lawrence R. George E. Pringle, SALT LAKE CITY, now Foley, now with Olin Mathieson Chemi- Cost Supervisor and Assistant Chief Ac- cal Corp. as Assistant Comptroller, Re- countant at Consolidated Western Steel search and Development Department. Division Pipe Mill.

Thomas J. Rowe, NEWARK, who has been Perry Lomax, SAN ANTONIO, who is now named Vice President of the Shippers Car with the Electronics Division of Monroe Line Corp., subsidiary of ACF Industries, Calculating Machine Company. Inc. Horace A. Vinson and John Neely, Shreve- Robert Sweeney, NORTH CENTRAL OHIO, port, upon completion of 25 years' serv- of recently made a Member of the Board ice with United Gas Corporation and sub- Crawford Steel Foundry, in addition to sidiary companies. his position as Secretary and Assistant Treasurer. . Richards Emerine, now Joseph D. Sharp, SOUTH BEND, who has with Fisher Body Division of General been made a Partner in the firm ofWillett Motors. and Wharton, CPA's.

P. M. Chluminatto, NORTHERN WISCONSIN, Elva J. Moore, SPRINGFIELD, now associated who has been elected a Director of the with Ellis, Auchter, and Brooks, as an Board of Charmin Paper Mills, Inc. attorney. ... Edward F. P tka, who has been elected Controller of The Moore Claude A. Bestow, OMAHA, elected Control- Drop Forging Company. ler of the Cudahy Packing Company. William R. Morgan, SYRACUSE, upon joining Horace M. Garton, PHILADELPHIA, who has Prosperity Company as General Sales been elected Vice President and Treasurer Manager. . . . Frederick S. Wilkinson, of Pecora Paint Company.... Lester G. now Comptroller of Morris Machine Robinson, appointed Assistant to the Gen- Works, Baldwinsville. . . . Glen A. La eral Manager of the Heater and Tank Vaute, appointed as Central New York Division of John Wood Company. District Manager for Plus Computing Ma- chines, Inc. Herbert E. Richards, RARITAN VALLEY, named Comptroller for the newly - formed James B. Warren, TRENTON, promoted to Di- Industrial Insulations Division of Johns - rector of Accounts and Budgets at Educa- Manville, New York City. . Jerry tional Testing Service, Princeton, New Santor, promoted to Manager, Cost Con- Jersey. trols and Standards, of Johnson & John- son. . . . Alfred Brokaw, appointed Su- Hugh Munro, TWIN CITIES, who is now with pervisor of Cost, Plaster Mill, Johnson & the Minnesota Malting Company, Cannon Johnson. . . . John M. Martin, made Falls, Minnesota. Mill Accountant for the Plaster Mill of the same company. James I. Barron, WATERLOO, now with Sid Smith and Company, CPAs. W. A. Wiefree, Jr., RICHMOND, promoted to Treasurer of Universal Leaf Tobacco Com- Gilbert R. Lundeen, WORCESTER, recently pany. appointed to the Board of Directors of Hedstrom Union Company, Fitchburg.... Bronson C. Howell, Jr., SABINE, elected Se- Edward J. Eekland, now with Tupper, cretary- Treasurer and a Member of the Moore & Co.... Eldon L. Moses, newly - Executive Committee of the General Fi- appointed Controller of John Bath & Co., nance Company of Texas. Inc. . . . Horace F. Walsh, who is now with Anderson - Nichols Company, Boston. Merrill W. DeBaun, ST. Louis, now Secretary ... Frank Johnson, now Chief Account- and Vice President of Landis Machine ant and Office Manager at Gaychrome Co., Carl J. Larson, appointed Internal Co.

806 N.A.C.A. BULLETIN Oklahoma City Newest N.A.C.A. Chapter

N N.A.C.A. CHARTER was presented state. With the other ten counties con- A to Oklahoma City chapter on Janu- sidered— Kingfisher, Logan, Payne, Cana- ary 16, 1956, bringing the number of dian, Lincoln, Grady, McClain, Cleve- chapters in the Association up to 127. land, Pottawatomie, and Garfield —the Sponsored by members of Tulsa Chapter, population of the chapter's territory ac- which up to now has had the State of counts for one -third of that of the state Oklahoma as its territory, the new chap- as a whole. The important cities in- ter fills a well recognized need in a fast cluded, beside the capital, are Enid, growing area. Charter presentation was Stillwater, Norman, Chickasha, Purcell, made by N.A.C.A. National President Shawnee, El Reno, Guthrie and Gushing. Charles R. Israel to Kenneth S. Keown, Industrially, the territory is active and head of the organizing group, who was varied. Although known especially for made the chapter's initial President in the production of refined petroleum and the elections held following charter pres- petroleum by- products, there are com- entation. In attendance to welcome the panies in numerous other commercial new chapter were National Secretary and industrial fields, among them meat Arthur B. Gunnarson and representatives packing, steel fabricating, trucking, pub- of Tulsa and Dallas Chapters. lishing, transportation, flour, grain and Representatives of each of these chap- oilseed products, automotive equipment, ters made a planned group journey to the and, as might be expected, oilfield equip- chartering ceremonies to welcome admis- ment. This is not to mention the diver- sion of their neighbor chapter in the sified wholesale, retail, and service estab- Texas - Oklahoma area. Dallas Chapter lishments —with many problems suscep- chartered a plane to minimize the inter- tible of accounting approach—character- vening miles. istic of growth areas. Discernment of potential need of a Industrially Active Territory chapter in the territory dates from 1947 The new chapter serves an area in when first inquiries were made regarding which approximately 650,000 persons reside. Of eleven counties which make the possibility. However, it was not until up its territory, the most important is early in 1955 that this interest took form Oklahoma County, containing Oklahoma in an organizing group. As is customary, City, itself, which is the capital of the an industrial survey and a survey of

FEBRUARY, 1956 807 membership potential was made in order Treasurer, Roy Winters, to satisfy standing requirements that Anderson Prichard Oil Corp. groups desiring to form N.A.C.A. chap- Directors: ters evidence the soundness of their prospects. It was quickly clear that these Gustave H. Rathe, International Busi- conditions could be met, resulting in ness Machines Corp. favorable action by the National Board foe D. Nelson, The Chicago Corp. of Directors late in 1955. Julius 1. Hohl, Oklahoma Mortgage First Officers and Directors Co. Oklahoma City Chapter starts its first F. Vernon Dillingham. Sohio Petro- year of operation with a slate of officers and directors chosen after the charter leum Co. presentation ceremonies were complete. Thomas F. Hall, Addressograph Sales The board is made up as follows: Agency. President, Kenneth S. Keown, Neal 1.Thomas, Sohio Petroleum Co. Aero Design and Engineering Co. 1. Carlton Updike, Wolf and Co., Vice - President, Roy O. Hillburn, C.P.A.'s. Stanolind Oil and Gas Co. Vice- President, Marvin D. Petty, Bill Williams, Oklahoma Publishing Williams, Hurst, & Groth, C.P.A.'s Co. Secretary, William C. Armstrong, Jr., lake B. Sureck, Ephraim R Sureck, The Boardman Co. C.P.A.'s.

808 N.A.C.A. BULLETIN CHAPTER COMPETITION Standings of Chapters -For Seven Months Ending January 1, 19 56

PLACE CHAPTER POINTS PLACE CHAPTER POINTS I. SCRANTON 3926 64. WATERBURY 2493 2. WICHITA ...... 3439 65. TW IN CITIES ...... 2491 3. MID - HUDSON 3391 66. JAGESTOWN 2489

...... 4. HAWAII ...... 3360 67. FORT W AYNE 2473 S. PROVIDENCE 3249 68. COLUMBIA ...... 2468

...... 6: NEW ORLEANS 3186 69. DENVER 2465

...... 7. AKRON ...... 3174 70. BOSTON 2456 ...... 8. SALT LAKE CITY . . . . . I ...... 3161 71. WESTERN CAROLINAS 2443

...... 9. GREENWICH- STAMFORD 3140 72. FALL RIVER 2428 _ ...... 10. MASS. NORTH SHORE ...... 3078 72. SOUTHERN MAINE 2428 ...... 10. SABINE I 3078 74. ALBANY 2425 ...... 12. BATON ROUGE 3074 75. MOBILE 2404 ...... _...... 13. NASHVILLE ...... 3031 76. PIEDMONT 2392 14. CALUMET 3024 77. CEDAR RAPIDS...... 2383

...... 15. EVANSVILLE 3007 78. JACKSON 2377

...... 16. PHILADELPHIA...... 3000 79. LONG ISLAND 2346 ...... 17. FORT W ORTH 2972 80. NORTH ALABAMA 2342

...... 18. DALLAS ...... 2968 81. DETROIT ...... 2322 19. ATLANTA ...... 2966 81. LAKE SUPERIOR 2322 20. LANSING 2963 83. LONG BEACH ...... 2314 ...... 21. CINCINNATI 2959 84. MOHAWK VALLEY 2304

...... 22. PATERSON ...... 2937 85. ST. LOUIS 2301 23. MERRIMACK...... VALLEY 2930 86. TRI- CITIES ...... 2278 24. KALAMAZOO 2928 86. WORCESTER 2278

...... 25. SAN ANTONIO...... 2898 88. SANGAMON VALLEY 2273 26. SHREVEPORT ...... 2894 89. SEATTLE ...... 2268 27. HAGERSTOW N 2872 90. MUSKEGON 2260 ...... 28. LANCASTER ...... 2867 91. YOUNGSTOWN 2250 29. COLUMBUS 2843 92. WASHINGTON ...... 2247

...... 30. INDIANAPOLIS 2842 93. HAMPTON ROADS 2339

...... 30. LOS ANGELES ...... 2842 94. BRIDGEPORT 2331 30. SAN DIEGO 2842 95. ROCHESTER ...... 2230 ...... 33. BANGOR 2776 96. NEW YORK 2219

...... 34. KANSAS CITY...... 2767 97. CHARLOTTE 2197 35. DES MOINES 2746 98. SYRACUSE ......

...... 2195

...... 36. TRENTON 2724 99. LEHIGH VALLEY

...... 2194 ...... 37. NO. WISCONSIN 2706 99. RICHMOND 2194 ...... 38. OAKLAND -EAST BAY 2703 101. LOUISVILLE 2172 ...... 3.9. W ATERLOO 2702 102. CUBA ......

...... 2169 ...... 40. BIRMINGHAM 2700 103. TULSA ...... 2148 41. YORK ...... 2687 104. HARTFORD 2141 ...... 42. SPRINGFIELD 2681 105. GRAND RAPIDS...... 2139 ...... 43. EAST TENNESSEE 2680 106. NEW HAVEN 2135 ...... 44. ERIE ...... 2661 107. BINGHAMTON ...... 2131 45. ELMIRA AREA 2638 108. HARRISBURG ...... 2112 ...... 45. NORWICH 2638 109. PEORIA 2096 ...... 47. DAYTON ...... 2633 110. RACINE - KENOSHA 2070 ...... 48. BROOKLYN 2621 III. WABASH VALLEY 2060 ...... 49. SAN FRANCISCO 2608 112. KNOXVILLE 2054 ...... 50. PITTSBURGH 2595 113. WILLIAMSPORT...... 2032 I ...... 51. PENINSULA -SAN JOSE 2578 114. ROCKFORD ...... 2021 ...... 52. TOLEDO 2572 115. CLEVELAND 2016 ...... 53. READING 2571 116. CHATTANOOGA...... 2014 ...... 54. MEMPHIS 2568 117. RARITAN VALLEY ...... 1980 ...... 55. COOSA VALLEY 2550 118. HOUSTON 1931 ...... 56. ANN ARBOR 2544 119. FOX RIVER VALLEY...... 1895 ...... 57. BUFFALO 2530 120. OMAHA ...... 1862 ...... 58. PORTLAND 2522 121. CHATTAHOOCHEE VAL. 1836 ...... 59. MILWAUKEE 2519 122. NO. CENTRAL OHIO ...... 1726 ...... 60. CHICAGO 2518 123. NEW HAMPSHIRE ...... 1504 ...... 61. NEW ARK 2508 124. SAGINAW VALLEY 1386 ...... 62. BALTIMORE 2501 125. DELAWARE ...... 1356 ...... 63. SOUTH BEND 2499 126. POMONA ...... 746 ...... I ...... 1956 809 FEBRUARY, CHAPTER MEETINGS

AKRON, Ohio February 15 BRIDGEPORT, Conn. February 21 Women's City Club Barnum Hotel Fe d er a l Taxes — GEORGE DAVERIO, Chil- How W e K e e p A c c o u n t i n g M e t h o d s ton, Stump & Daverio, Akron, Ohio. Dynamic—VERNON L. HAAG, Vice Pres., Gray Mfg. Co., Hartford, Mass. ALBANY, N. Y. February 21 Aurania Club BROOKLYN, N. Y. February l b Pr e p a r i n g fo r Off i ce Automation —LES- Clements Club TER HALL, Dist. Mgr., Standard Regis- W o r k Simplification —J. O. MURRAY, ter Co., Providence, R. I. Vice Pres., R. H. Macy & Co., New ANN ARBOR, Mic h, February 16 York, N. Y. Elks Club BUFFALO, N. Y. February 16 THOMP- W h a t Is MTM ? — WILLIAM C. Buffalo Trap & Fiel d Club SON, Standards Mgr., Argus Cameras, T h e Accountant's Contribution t o Lon g - Inc, and Richard Stoll, Nat'l Sec'y., T e r m Pla n n i n g — WILLIAM C. WICH- MTM Association. MAN, Vice Pres. & Gen'l. Mgr. Indus- ATLANTA, Ga. February 21 trial Power Components Div., General Dinkier Plaza Hotel Electric Corp., Plainville, Conn. Performance R e v i e w —A New Approach CALUMET February 20 t o M e r i t Rating — VICTOR P. TABAKA, Victor Tabaka & Assoc., Atlanta, Ga. Phil Smidt's Machine Methods of Accounting BALTIMORE, Md. February 15 -- C . V. BOULTON, Controller, 1. B. M. Corp., Park Plata Hotel V a r i a b le C o s t s fo r Pla n n i n g a n d C o n - New York, N. Y. trol — NORTON M. BEDFORD, Assoc. CEDAR RAPIDS, Iowa February 21 Prof. of Acctg., University of Illinois, Hotel Montrose Urbana, Ill. Personnel Administration i n W h i t e Col- BANGOR, Me. February 20 la r Groups —CARL SCHNEIDER, Vice Torrati ne Club Pres., Burroughs Corp., Detroit, Mich. Pr a ct i ca l Application of Ele ct r o n i c CHARLOTTE, N. C. February 17 E q u i p m e n t t o Off i ce Procedures —JOHN Hotel Mecklenburg E. JOHNSON, Asst. Mgr., Mgt. Services, I n c o m e T a x Pa n e l Ernst & Ernst, Boston, Mass. CHATTAHOOCHEE VALLEY February 27 BATON ROUGE, La. February 20 Ralston Hotel Columbus, Ga. Bob 6 Joke's Steak House C o lle c t i o n C o s t s R e v e n u e Dep a rt - B u d g e t i n g fo r Social Services — VERNON of —T. V. WILLIAMS, Commissioner BAHLINGER, Exec. Dir., Community m e n t s of Revenue, State of Georgia, Atlanta, Services Council, Baton Rouge, La. Ga. BINGHAMTON, N. Y. February 16 CHATTANOOGA, Tenn. February 16 Hotel Arl ington T h e G o v e r n m e n t Re g u la t e s t h e D e f e n s e Hotel Pattern C o s t Reduction —FRED SALMON, SR., Industry —DAVID D. MASON, Vice Pres. A. & Controller, Link Aviation, Inc., Bing- Fred A Salmon & Assoc., Chattanooga, hamton, N. Y. Tenn. BIRMINGHAM, Ala. February 11 CHICAGO, III. February 23 Tutw il er Hotel Furniture Club of Amer ica C u r r e n t Tax Developments —MARK W h e r e D o W e G o F r o m H e r e? —MISS RICHARDSON, Partner, Lybrand, Ross MERCEDES HURST, Indus'L Relations, Bros. & Montgomery, New York, N. Y. International Harvester Co., Chicago, Ill. BOSTON, Mass. February 8 CINCINNATI, Ohio February 16 Hotel Bradford Sheraton - Gibson Hotel T h e I n d u s t r i a l A c c o u n t a n t Looks a t H i d d e n Overhead— KENNETH J. EATON, 1956—CLINTON W. BENNETT, Partner, Dir., Associated Business Consultants, Cooley & Marvin, Boston, Mass. Cincinnati, Ohio.

8 1 0 N.A.C.A. BULLETIN CLEVELAND, Ohio February 16 DETROIT, Mich. February 23 Carter Hotel Park Shelton Hotel A Review of Current Applications of The Coming of Atomic Power in In- Electronics to the Problems of Business dustry— WALKER L. CISLER, Pres., De- —RALPH H. EIDEM, Dir., Electronics troit Edison Co.; Pres., Atomic Indus- Research, Ernst & Ernst, Chicago, III. trial Forum; Pres., Fund for Peaceful Atomic Development, Inc., Detroit, Mich. COLUMBIA, S. C. February 16 JeAerson Hotel EAST TENNESSEE February 16 Trends in Fringe Benefits and the Guar - Ridgefields Country Club Kingsport, Tenn. .inteed Annual Wa g e — JAMES A. Income Tax Problems and Relationship MORRIS, Assoc. Prof, of Economics, Uni- of Accountants and the Internal Revenue versity of South Carolina. Service —BEECHER E. GRAYBEAL, Group Supervisor, Internal Revenue Service, COLUMBUS, Ohio February 27 Knoxville, Tenn. Fort Hayes Hotel Control —Panel Discussion. ELMIRA AREA February 21 Mark Twain Hotel COOSA VALLEY February 16 Budgets: The Measure of Success —V. Bemiston Club House Talladega, Ala. A. RYDBECK, Mgr., Sales Analysis & Selling Cost Control —BRYCE M. WAITS, Planning, Apparatus Product Sales, Gen- Sales & Production Mgr., Bemis Bros. eral Electric Co., Schenectady, N. Y. Bag Co., Talladega, Ala. ERIE, Pa. February 20 CUBA February 15 Saga Club Hotel Comodoro Standard Costs —HIRAM S. HALL, Wal- Desarrollo Economico. Los Factores Em- lace Clark & Co., New York, N. Y. presarial y Obrero— CARLos Du- QUESNE, Vice Pres., Banco de Fomento EVANSVILLE, Ind. February 18 Agricola a Industrial de Cuba. Smitty's Steak & Sea Food House 11 DALLAS, Texas February 17 - hat Banks Are Doing to Aid Indus. Melrose Hotel try —MARK ALDRICH, Vice Pres., First National Bank, St. Louis, Mo. The Systems and Procedures Function — STANLEY A. LAWRENCE, Dir., Systems FALL RIVER, Mass. February 16 Control Dept., Collins Radio Co., Cedar Stone Bridge Inn Tiverton, R. 1. Rapids, Iowa. Methods, Services, Costs and Sales — DAYTON, Ohio February 21 ERNEST L. ANDERSON, Dir. of Central Engineers Club Order, Brown & Sharpe Mfg. Co., Provi- New Responsibilities of the Cost Ac- dence, R. I. countant Arising from Factory Auto- FORT WAYNE, Ind. February 21 ma tion —E. H. Smedley, Sr. Partner, Chamber of Commerce Stevenson, Jordan & Harrison, Cleve- Costs for Management Use —N. J. LITH- land, Ohio. ERLAND, Comptroller, The Magnavox DELAWARE February 8 Co., Fort Wayne, Ind. Hotel Rodney. Wilmington, Del. FORT WORTH, Texas February 16 The Effect of the Current Tax Law on Wor th Hotel Business Decision) —JAMES J. MAHON, A Banker's Look at Cost Accounting — Partner, Lybrand, Ross Bros. & Mont- gomery, Philadelphia, Pa. JOE A. CLARKE, Vice Pres., Fort Worth National Bank, Fort Worth, Texas. DENVER, Colo. February 21 Farmers Union Building FOX RIVER VALLEY February 22 Leland Hotel Aurora, III. The Industrial Accountant's Role in a Cost Reduction Program —F. RAY FRIED - Control and Reduction of Clerical Costs LEY, Asst. Controller, Columbia Geneva —L. L. ELLIS, Partner, Booz, Allen & Steel Div., U. S. Steel Corp., Geneva, Hamilton, Chicago, Ill. Utah. GRAND RAPIDS, Mich. February 21 DES MOINES, Iowa February 22 Pantlind Hotel Standard Club Advantages or Disadvantages of Industry The Cost Accountant's Civic Role — Wid e Bargaining —JOHN CUMMISKEY, HoN. LEo A. HOEGH, Governor of McCobb, Heaney & Dunn, Grand Rap- Iowa, Des Moines, Iowa. ids, Mich.

FEBRUARY, 1956 81 1 GREENWICH- STAMFORD February 21 KALAMAZOO, Mich. February 21 Nalf -Way House Darien, Conn. Columbia Hotel Direct Costing—ROGER WELLINGTON, To be announced —W. R. DONNELLY, Partner, Scovell, Wellington & Co., New Mgr., Cost Acctg. Dept., Ford Motor York, N. Y. Co., Detroit, Mich. HAGERSTOWN. Md. February 16 KANSAS CITY, Mo. February 20 Eagles Club Waynesboro, Pa. Hotel President

Corporate Insurance Management—N. Control of Inventories — EUGENE A. F. CROWLEY, American Cyanamid Co. JOHNSON, Sec'y., Treas. & Controller, Union Wire Rope Corp., Kansas City, HAMPTON ROADS February 16 Mo. Carl Parker's Restaurant So. Norfolk, Va. Development of Financial Responsibility KNOXVILLE, Tenn. February 21 in the N a v y — N . P. CASSIDY, Asst. The Oak Terrace Oak Ridge, Tenn. Comptroller, U. S. Navy Dept., Wash- Taxation— JACKSON C. KRAMER, Part- ington, D. C. ner, Kramer, Dye, McNabb & Green- wood, Knoxville, Tenn. HARRISBURG, Pa. February 28 Penn Harris Hotel LAKE SUPERIOR February 16 New Developments in Corporation In- Athletic Club Duluth, Minn. come Taxation — RICHARD L. LEVY, Dil- Tax Forum —Panel Discussion. worth, Paxson, Kahlish & Green, Phil- adelphia, Pa. LANCASTER, Pa. February 17 Hotel Brunswick HARTFORD, Conn. February 21 Can Yo u Control Costs ? —PHIL CAR - Indian Hill Country Club Newington, Conn. ROLL, Professional Engineer, Lancaster, Preparing the Student for the Automatic Pa. Office—HOWARD H. AIKEN, Dir., Com- putation Lab., Harvard University, Cam- LANSING, Mich. February 16 bridge, Mass. American Legion Club Battle Creek, Mich. Automotive Outlook — GEORGE P. HAWAII February 14 HITCHINGS, Ford Motor Co., Detroit. Queen's Surf Mich. Current Developments in Local Manage- ment — Labor Relations — DWIGHT C. LEHIGH VALLEY February 17 The Bethlehem Club Bethlehem, Pa. STEELE, Pres., Hawaii Employers Coun- cil, Honolulu, T. H. An Evaluation of Direct Costing —AL- FRED C. FARRELL, Auditor, Robert HOUSTON, Texas February 21 Douglas & Co., Boston, Mass. Weldon's Cafeteria LONG BEACH, Calif. February 15 iY'ill Uranium Replace Oil ? —RAYMOND Lafayette Hotel O. HORN, Auditor Quintana Petroleum A Dynamic Growth Industry Dictates Corp., Houston, Texas. Progressive Accounting —CHARLES J. J. INDIANAPOLIS, Ind. February 1S Cox, Controller & Asst. Treas., Western Severin Hotel Airlines, Inc., Los Angeles, Calif. Converting from Cost Accounting to LONG ISLAND February 21 Cost Control —E. A. CARLSON, Con- Garden City Hotel Garden City, N.Y. troller, Johnson & Johnson, New Bruns- Shall We Lease or Purchase? —FRED J. wick, N. J. MUTH, Asst. Controller, Armstrong Cork Co., Lancaster, Pa. JACKSON, Miss. February 16 LOS ANGELES, Calif. February 21 Walthall Hotel Elks Club The Guaranteed Annual ip'age: Illusion Problems in Planning and Export Sales or Delusion —SAM MARSH, Business Market— HARVEY WILLIAMS, Vice Pres., Analyst, Prof. Emeritus of Acctg., Wash- Avco Mfg. Corp., New York, N. Y. ington University, St. Louis, Mo. LOUISVILLE, Ky. February 21 JAMESTOWN. N. Y. February 21 Kentucky Hotel

Hotel Jamestown Financial Aspects of the Ford Supple- The Changing Tax Picture Both Fed- mental Unemployment Benefit Plan — eral and State— SAMUEL J. LASSER,, RICHARD L. JOHNSON, Mgr., Special Fi- Partner, Seidman & Seidman, James- nancial Projects, Ford Motor Co., De- town, N. Y. troit, Mich.

8 1 2 N.A.C.A. BULLETIN MASSACHUSETTS NORTH SHORE Feb r u ary 21 NEW HAVEN, Co nn . Feb r u ary 28 Ho tel Ha w t h o r n e Salem , Mas s . Seven Ga b les To wn e Ho u s e Cost Reductions Through Machine Ac- New Haven Looks Ahead — CARL counting — NORMAN V. BELLENOIT, FREESE, C h a i r m a n , C it iz e n ' s A c t i o n S y s t e m s & P r o c e d u r e s An a ly s t , H. P. Commission, N e w H a v e n , C o n n . Hood & So n s , B o s t o n , Mass. NEW ORLEANS, La. Fe b r u a r y 2 3 MEMPHIS. Tenn, Feb ru a ry 15 Len fan t's Bo u levard Room Ga y e s o Ho t el The Accountant's Role in Business Fore- The Guaranteed Annual Wage: Illusion casting—HENRY G. EN G LE R , D e a n , Col. or Delusion—SAM A. MARSH, P r o f . le g e o f B u s i n e s s A d m i n . , L o y o la , U n i - E m e r i t u s o f A c c t g . , W a s h i n g t o n U n i - ver s it y , N e w O r l e a n s , L a . ve rs it y , S t . L o u is , Mo. NEW YORK, N. Y. February 2 0 MERRIMACK VALLEY Fe b r u ar y 1 6 Delmo nico Ho tel An d o ver C o u n try Clu b Andover, Mas s . A Company Approach to Organization State Income Taxes — WILLIAM A. Change—MELVIN C. HOLM, V i c e P r e s . SCHAN, Commissioner of Corporations & Comptroller, C a r r i e r C o r p . , Sy r a c u s e , & Taxation, Massachusetts. N. Y. MID - HUDSON Feb ru a ry 20 NEWARK, N. J . Feb ru a ry 23 Nelson Ho u s e Poughkeepsie, N. Y. R o b ert Tr e a t Ho t el Office Costs Can Be Controlled--CARL Motivating Management Action with LINDQUIST, T e l e p h o n e Controller, W e s t - Direct Costing—R. E. LONGENECKER, e r n E le c t r ic Co., N e w Y o r k , N. Y. Controller, G l a s s & C l o s u r e D i v . , A r m . MILWAUKEE, W is. Feb r u ary 20 s t r o n g C o r k Co., L a n c a s t e r , P a . Elks Clu b NORTH ALABAMA Fe b r u a ry 20 Accounting Aspects of Lease or Buy V. F. W. Hall Sheffield, Ala. Transactions---R. A. PEPMNS, C o n - Highlights in the Development of Cost t r o lle r , K e a r n e y & T r e c k e r C o r p . , W e s t Accounting —S. PAUL GARNER, D e a n , Allis, Wi s . S c h o o l o f B u s in e s s A d m i n . , Un iv e r s it y A l a b a m a , Tuscaloosa, A l a . MOBILE, Ala . Feb ru a ry 15 of B a t h e Ho u s e NORTH CENTRAL OHIO Feb ru a ry 16 Highlights in the Development of Cost Mans field Leland Ho tel Man sfield , Oh io Accounting —S. PAUL GARNER, H e a d , Accounting for Managemew's Sake — D e p t . of Ac c t g . , Un iv e r s it y of A l a - RAYMOND MARPLE, A s s t . Sec' y ., b a m a , Tuscaloosa, A l a . P. N.A.C.A., N e w Y o r k , N. Y. MOHAWK VALLEY Feb ru a ry 20 NORTHERN WISCONSIN Feb ru a ry 21 C lu b Mo n arch Yo rkville, N. Y. Beau mo n t Ho tel Gre en Bay, W is. Basic Factors in Profit Planning — A Practical Application of Direct Cost. CHARLES REITELL, Participating As s o c. . ing—THEODORE BONNEVIER, C o n - S t e v e n s o n , J o r d a n & H a r r i s o n , In c. , W. tr o lle r , A c m e S t e e l Co., C h ic a g o , Ill. N e w Y o r k , N. Y. NORWICH, Co n n . Feb ru a ry 9 MUSKEGON, Mich, Feb ru a ry 20 C r o c ke r Ho u s e Ho t el New London, Co nn . Shurfine Room Sound Salary Administration— CECIL Cutting Cost Through Paperwork Sim- C. BLUMER, D i r . of Industrial Engineer- plification — BEN S. GRAHAM, D i r . , in g , National Metals Trades Assn., N e w M e t h o d s R e s e a r c h , S t a n d a r d R e g i s t e r Y o r k , N. Y. Co., D e t r o i t , M i c h . OAKLAND -EAST BAY Feb ru a ry 23 NASHVILLE, Tenn . Fe b r u a ry 21 Sp e n g e r' s Fish G r o t t o Berke ley , C alif. An d r ew J acks o n Ho tel Labor Looks at COSt)EFFERY CO- Tennessee Employment Security— R U s - HELAN, Sec'y.- Treas., M i l k D r i v e r s a n d SELL VAN HORN, Goldsmith's, M e m - Dairy Employees' U n i o n , Oakland, Calif. p h is , T e n n . OMAHA, Neb . Fe b r u ar y 2 1 NEW HAMPSHIRE Feb r u ary 21 Fo n fen elle Ho tel C alu m et Club Manchester, N. H. Business Before the MirrOr --CLIFFORD Current Tax Developments —EDWARD M. HICKS, C h a i r m a n , D e p t . o f B u s in e s s CREIGER, P a r t n e r , B a k e r & B a k e r , W o r - Organization & Management, Un iv e r s i t y ce s t er , M a s s . of Nebraska, O m a h a , N e b .

FEBRUARY, 1956 8 2 3 PATERSON, N. J. February 15 RICHMOND, Va. February 16 The Tree Restaurant Hotel John Marshall Industrial Cost Quiz—DAVID P. FRY, Analytical Costing: The Basis for Busi- JR.,Controller, Cochrane Corp., Phila- ness Decisions —HARRY E. HOWELL, delphia, Pa. Howe l l & Co., Washington, D. C. PENINSULA -SAN JOSE February 21 ROCHESTER, N. Y. February 1S Rickey's Studio Inn Palo Alto, Calif. Seneca Hotel Income Tax Brought Up To Date — Recent Trends in Labor and Industrial WAYNE E. HEA, Attorney & T ax Con- Relations — LESTER R. BITTEL, Industrial sultant, San Francisco, Calif. M gt . Editor, Factory Manageme nt and Maintenance Magazine, New York, N. Y. PEORIA, Il l . February 22 Hotel Jefferson ROCKFORD. III. February 21 Reports to Management —JAMES R. M c- Hotel LaFayette Coy, Prof., T h e Ohi o State University, Electronics —Challenge to Accountants Col umbus, Ohi o. — ROBERT WRIGHT, Haski ns & Sells, Chi cago, III. PHILADELPHIA, Pa. February 16 Kugler's Chestnut St. Restaurant SABINE February 20 IY'hat Top Management Expects from Little Mexico Restaurant Orange, Texas Accounting — ROBERT G. DUNLOP, Fixed Assets and Depreciation—T. W. LELAND, He ad, D e pt . of Business Ad- Pres., Sun Oil Co.,Philadelphia, Pa. min., A & M College of Texas, Col- PIEDMONT February 17 lege Station, Te xas. Greensboro, N. C. Get and Go —A. R. COLEMAN, Prof. of SAGINAW VALLEY February 15 Acctg., University of Vi rginia, Char- Zehnder's Hotel Frankenmuth, Mich. Accounting Business lottesville, V a. Electronics for and — WILLIAM D. LA BAW, Acctg. M gr., PITTSBURGH, Pa. February 15 Electronics Program, Detroit, Mi ch. Hotel William Penn ST. 11' "hat's New in Taxes for 1956— LOUIS, Mo. February 21 JAMES J. MAHON, Partner, Lybrand, Sheraton Hotel JR., and Business Ross Bros. & Montgomery, Philadelphia, Electronics for Accounting Pa. — JOSEPH S. GLICKAUF, JR., Part ner, Arthur Andersen & Co.,Chi cago, III. PORTLAND, Ore. February 21 SALT LAKE CITY, Utah February 20 Heathman Hotel

Log Department: Profit Center or Serv- Andy's

ice Department ? —RALPH G. DEMOISY, Cost Accounting Problems in a Metal —ERVEN NELSON, Exec. Ge n' Mgr., Plywood Corp., Foundry J. Vice I. U. S. Pres., Pacific States Cast Iron Pi pe Maple ton, Ore . Co., Provo, Ut ah. PROVIDENCE, R.1. February 20 SAN ANTONIO, Texas February 21 Johnson's Grille Gunter Hotel Research and Development Costs — Cost Reports for Management—WALTER CARROLL L. WILSON, Vi ce Pres. & EHRESMAN, H. B. Zachry Co., S an An- Gen'1. Mgr., Metals & Cont rols Corp., tonio, Te xas. New York, N. Y. SAN DIEGO, Calif. February 8 RACINE - KENOSHA February 13 Town & Country Club Mechanized Accounting Elks Club Kenosha, Wis. Evaluation of Investment Policies for Corporation and Systems—A. R. ZIPF, Asst. Vi ce Pres., IndividualJOHN W. VER MEULEN, Bank of America, San Francisco, Cal if. V e r Meulen & Co., Racine, Wis. SAN FRANCISCO, Calif. February 28 RARITAN VALLEY February 15 Engineers Club Roger Smith Hotel Taxes: A Look at the New Law, One

Management Appraises Direct Costing Ye ar Later —PAUL K. WEBSTER, Asst. –

A Play in One Act. Comm. of Inte rnal Revenue, Wash i ng- ton, D. READING, Pa. February 10 C. SANGAMON VALLEY February 21 Abraham Lincoln Hotel Elks Club Springfield, III. A Secund Look at the Internal Revenue Code of 1954—CLARENCE L. TURNER, Practical vs. Theoretical Accounting — Turne r, Crook & Zebley, Philadelphia, J. H. GRAFLUND, Plant Accountant, Deere Moline, Ill. Pa. & Co.,

814 N.A.C.A. BULLETIN SCRANTON, PA. February 20 TWIN CITIES February n Scranton Club Radisson Hotel Minneapolis, Minn. Reports to Management— RANDAL W. Return on Investment as a Measuring REED, Asst. Controller, Atlantic Refin- Stick -1. WAYNE KELLER, Controller, ing Co., Philadelphia, Pa. Armstrong Cork Co., Lancaster, Pa. SEATTLE, WASH. February 15 WABASH VALLEY February 21 Sorrento Hotel Deming Hotel Torre Haute, Ind. Cost Control in the Baking Industry — The Economic Outlook for the Wabash RICHARD D. HOYT,Mgr., Hansen Bak- Valley Area — A. N. LEVIN, Partner, ing Co., Inc., Seattle, Wash. Levin Bros., Terre Haute, Ind. SHREVEPORT, La. February 16 WASHINGTON, D. C. February 15 Caddo Hotel The Occidental What Advertising Can Mean To Yo u Internal Revenue Today —T. COLEMAN —MAx FETTY, Vice Pres., Advertising ANDREWS, Former Commissioner & Sales Promotion, Delta Tank Mfg. of In- ternal Revenue, Washington, D. C. Co., Inc., Shreveport, La. SOUTH BEND, Ind. February 21 WATERBURY, CONN. February 14 LaSalle Hotel Elton Hotel The Care Against Direct Costing — Application of Electronics to Internal LOWELL C. DOAK, Educational Dir., Control— H A R O L D CAMPBELL, Ernst & LaSalle Extension University, Chicago, 111. Ernst, New York, N. Y. SOUTHERN MAINE February 16 WATERLOO, Iowa February 8 Elm Hotel Auburn, Me. The Convair Room How W e Keep Accounting Methods A Negative Look to Direct Costing — Dynamic—VERNON L. HAAG, Vice LOWELL C. DOAK, Educational Dir., Pres., Gray Mfg. Co., Hartford, Conn. LaSalle Extension University, Chicago, SPRINGFIELD, Mass. February 15 Ill. Hotel Shelton WESTERN CAROLINAS February 20 Let's Have Better Salaries— LESLIE I. Elks Club Greenville, S. C. ASHER, Mgr.—Finance, Small Aircraft Current Trends in Taxation —OnS W. Engine Dept., General Electric Co., LIVINGSTON, Chairman, S. C. Tax Com- West Lynn, Mass. mission, Columbia, S. C. SYRACUSE, N. Y. February 16 WICHITA, Kan. February 21 Citizens Club Broadview Hotel Cost Accounting for Managerial Control Business Machines Panel Discussion. —ROGER WELLINGTON, Partner, Sco- WILLIAMSPORT, Pa. February 13 vell, Wellington & Co., New York, N. Y. Lycominq Hotel TOLEDO, Ohio February 21 How Dangerous is the Present Level of Commodore Perry Hotel Consumer and Mortgage Credit? — Management Is As Good As Its Words DAVID H. MCKINLEY, Asst. Dean, Col- — CHARLES E. IRVIN, Asst. Prof., Busi- lege of Bus. Admin., Pennsylvania State ness Speech and Communication Skills, University Park, Pa. Michigan State University, East Lansing, WORCESTER, Mass. February 16 Mich. Putnam & Thurston's Empire Room TRENTON, N. J. February 14 Application of Electronics to Cost At. Hotel Stacy -Trent counting, Production Control and Other Control Accounting vs. Financial Ac- Office Procedures —JOHN E. JOHNSON, counting— ROBERT C. PERRY, Corning Asst. Mgr., Mgt. Services, Ernst & Ernst, Glass Works, Coming, New York. Boston, Mass. TRI- CITIES February 21 YORK, Pa. February 15 L@Clalre Hotel Moline, Ill. Hotel Yorktown@ Company Figures from the Investor's Costing in Financial Institution.r—PAUL Standpoint —LLOYD E. KENNEDY, Vice E. TIERNEY, Second Vice Pres. & Audi- Pres. and Treas., Deere & Co., Moline, tor, John Hancock Mutual Life Insur. Ill. ance Co., Boston, Mass. TULSA, Okla. February 21 YOUNGSTOWN, Ohio February 15 Hotel Tulsa Tippecanoe Country Club Problems of the Oil Industry —WHIT- The Economic Outlook for the Futmre NEY M. ELIAS, Gen'l. Superintendent, —FRED O. KIEL, Economist, Federal Stanolind Oil & Gas Co., Tulsa, Okla. Reserve Bank, Cleveland, Ohio.

FEBRUARY, 19 56 8 1 3 SAC