, 1880-07-29
COMMERCIAL COLLEGES.

tDtAk Liz IlloE AOAlN"NEhs
COMMERCIAL COLLEGES.
Second Days Proceedings or tho A#so-
cintton.
The second days session Of the Business
College I'enchcrss ar1 penlncn's Association
WINS begun yesterday luurmng In the 1'alniur
House ulub-roo,n with n fair attendance.
Prof, A. u. Wit. OF Dayton, o., featured
OIL I" 4 Method Of Presenting Inturesf, Rent,
Tare, Freight, and Similar Accounts" lie
was followed by Prof. q, 4. Hath
bun, Of Omaha, Nc1., who spoke
on improvements IN bookkeeping
Contributed by Authors During
tic Last Dccadc." paying MI eloquent trlb-
ute ~ the Chicngo contributors to this brunch
o5 learning. Prot. G; =, Cnly. Of New York
Giiy @eSsre q sSrt ;rH Sdarsss asr on mt %s s
Methods Of Calculating INTEREST: illusslut-
ing his remarks with blackboard exercises.
Tie Convention then adjourned until .
om reassembling, the Convention proceeded
IL finish up so1ne miscellaneous business In
troducetl III tho morning session. z. i. Cady,
Of New York, was elected Treasurer, in l.laet.
Of thu absentee. An Invitation from e. Ian.
the Assoclaiol t, elvo tic l,pAtti Il call, WIS
read nnd accepted but n0 time was fixed for
The visit. Ii Waa dpeltetl to extend tse lime
Of ula C0nyeht!os1 of1r Friday. a. letter
fs9m + = If Ssa a Xssa of Ms% W. nsFF aG tG'fr M
suggested the ntty!snbiiity Ut putting slrt.I-
lnetls Of ppnManslilp On exhibition nj the
Exposition IL be held IN 1881. Letters nlld
tclegrAnls Ot regret were read from other
paper u,, "Tile Missing l.ink IL Business
Colleges" md comments N'sd rc,nnrks were
llia.lu BY other 1'rDfcssUrs present.
houses was given by Alessrs. StrclG, DurlieE,
n,tl Robinson, from tho establishment of j.
v. Furwell y Cv. After n b!!t had. bee'l
the establishment. Un motion, Il vote Of
tl,nnks was rendered these gentlemen. ;.
JndEe Henry Boosi, 81 tis Sity, THEN atl1 d;
ftsss t cGnSen1o W e as lSs sDfss Hsixd d
thnt ii thorough knowledge Ut con,uerclal
Inv was llacesstsry to Il young innll who ues
sired to cMbur!s flt tho mercantile business,
niul llp thought the business colleges Of to-
uNy gave these y0u1ig men iii opportunity
TO GAIN T1l1Y kSOwLEpuE.
It wng much better fur young n,nn 10
gain knowledge of commercial Inv III these
Schools than by experience III Il business
uil!ce wherA lln would By IN danger OF NIB
sorbing the mistakes and tfla system, or Ills
FlIQitlEGIs 4IS llluA,lG ~ AoNln w ~ ElGtlk
tling for. a young. .ill.i, intending to fDi'ow
eDtninUrciul pursuits tu 70 tllrbuB1, Il course
Of study In Il INV sehOol, us he believed every
American citizen SIlpulA be cUliversant with
tho laws Of contruets, real rstatc, st!les, ne
gntiable pnpcr, partnership. agency, etc., WIS
essential 10 Thorough business culleatlu'!.
The speaker closel:by reminding hIs uudl..
encs of the grentn1e;s Of theIr ,' w9rk @
md give tle world men Of whom Il could BE-
proud. The Judge,was rendered vote of
'"I't?' T. stowel, NJ. j. OF this city, then con
Exchai,ge." ,liu wis. followed, by Trpf. y.
lhe "Stylts Or Writing md l'jg,,rcs'l,est
Adapted for Business Purposes" both gen
t'e,pgn tllstrnted tlelr lectures by black-
Iii. {. Jev1le then spoke Of tho valuc Of Il
business college caucntton, anti pointed out
his successful career III business ns thu re-
suits of . course OF study iii one Of these i'll
Some lessons a,1l, miscellaneous business
were disposed of, md tho Convention nd.
Juuri,ed until Sp. ln.:
IN evening session was opened ct o'clock
Erct, and, miscellaneous correspondence.
Moslier, the photographer, offered u tAke
tic photographs Ut THE delegates for hts ne-
aota mosln! picture of Chicago u'la his offer was
,, William L: Faweett. Es9s, Of this eIty. de-
md Probable Future of Our DnMkinE Sys-
tciA." Thy, speaker began by defining The
house for money, ind ,S!ated tlat thy
Tho United States amounted to 81, s7o, 000 0oO
tho majority of which was III bills receivable,
9 on,Iy tWH is n onef ta, u %nsy
for, debts. The leyltimate policy of
banka could never be III .fnyor Of llig! prices,
r. they tS1.iae to SXpa't @ cre;Nt'tw,' w!,tgh
cS Which e" aae1 Wonders essa, Wsrs wfsaug wa; vas
II product Of tho Inst. hundred years,
i i H. con'a vol not be '39 faliy, e se,,prel'ssdtxi: led:
Tho, speaker then trnccd the growtl! of
systelnsf from tho establishment Of tbs first
outline Of thet,!netions Of banklI!g,-tlle stub,
stltutibn Of credit fur money: lie reviewed
actlohs which occurred 1T the tissi hess, be,
glnning with simple deposits mud withdrawal
u money up to tho moro dinlcnlt. trnllsay'
ttqns. There should be n stated ratio Ut capl-
loai,s of tho lAnlk should be restricted to
meet this contingency. The apenker closed
W MlnktliE u few suggestions 10 tho banksrs
OF the future. At tlle conclusion q vote Ut
tilnnks was rendered SIR. Fawcutt.
Tho evenings exereIseA wvro brought to n
cloeu by .Whht was termed Nn "experlence
!ncetins," encll member Introducing hl!nself
tu the Convention by giving a Une-MiMllte
sketei, 4f us life. This proved amusing aud
Tho Gunyentlon then adjourned until 10
o'clock this morning.
TIE TIiIn9NE MilANcl1 0TFlSEs.
n oEnEis TU ACC0MM0DATE 0lji. NuNEj.
usy sSs II ~ W. @stext @ " hpYs S.a \:
rtTHftikHH1Ntlt6