Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1885-07-15
Dunsmore,s Business College.

Whan thoroughly taught and competent
man embarks in his chosen pursuit, and in ad-
dition to the business capacity sufficient to
lead to success, he combines with it love for
his profession or ayocation, he accomplishes
good results above the usual standard of excel
lence and duty. Prof. Dunsmore, with his
thorough qualification, combines a smoothly
tempered zeal which is restless until every
young man of his college is made to excel in
the qualifications upon which his education and
training are to rest.
This College is chartered institution by the
State Legislature. In the corporate association
with Mr.. Dunsmore, are Meade F. White, G. G..
Gooch Hugh F. Lyle NJ Oberdorfer, J. Ho ward
Wayt and John M. Carroll. well known and
thoroughly responsible business men of this
city.
The college rooms are finely located, we'll
ventilated, and more than ordinarily comfort
able.
The system of instruction is perfect, and all
the studies are thoroughly taught. 1t is not
only school of theory, but actual living prac-
tice, as the following specifications will show.
We devoted the time necessary, and noted the
details as we inspected the workings of this ad-
miraole school, to enable us to furnish the
sketch which follows:
Department. in the science of accounts and the
use of business paper, opening and closing
double entry books, by the use of text books
and daily lectures. Having completed his
course of theory. he undergoes a rigid exami
nation prior to entering actual. This requires
from two to three months time. And it may
be here stated that this is all that so per cent OF
the Business Colleges teach, and accounts for
tI,oir in md
twelve weeks. 1t, also. accounts for business
men thinking, las they do, that it is all theory
and don't amount to much. The business
men are correct so far as they know; but if they
will take the time to call at sd. B. c." they
will find to their surprise different state of
affairs. The student, after completing his
course in theory, secures $500 in college cur
rency-leases store from the real estate agent
at a monthly rental of $780, invests his money
in the retail dry goods and domestic business;
opens set of doube-entry books, and COM
mences business operations on his own &C.
count; orders goods by letter from the Mer-
chants Emporium; has them shipped by the
College railroad pays freight; has them insur-
ed at the college insurance office. and makes
his book entries accordingly.
The business is closed, and is opened again
with partner investing additional capital;
keeping a differment form of double entry,
known in the College as complete account
book. This work is closed, and the losses and
gains divided. The old firm admits a new
partner with additional capital, and COM
mences business. sharing the gains and losses
in proportion of 5, and 3. The business con-
Quoted by the new firm is the Wholesale dry
goods and commission by keeping different
form of double After doing d sufficient
amount Of business to acquaint the student
with the form of books land business, he closes
his books and divides his losses and gains &C.
cordlng to the articles OF agreement previously
drawn up. The old firm admits another part
ner with an additional capital, and continues
the same branches of business, sharing gains
and losses in proportion to average Investment.
The first partner purchases store in his own
name giving in payment his bond and mort
gage, and leases the same to the firm at a
rental of s12.
An extensive business is conducted by the
new firm for six or eight days (Which mean
months by actual students) when the third
partner, becoming dissatisfied. retires from the
business, receiving from the firm cash for one
half of his present interest and the balance on
six months time.
AT this juncture of the business, the firm adj
mits two partners with additional capital. The
first partner adds to his investment the store
and lot before mentioned, making deed in
firms name. New articles of agreement are
drawn up, partners sharing gains and losses
equally. and all to receive interest at per cent
on average capital. This new firm continues
business for some length of time makes a
regular partnership settlement, and closes its
books.
They enter into another branch of business,
keeping different form of books, which is
continued until they understand the same and
closed. Finally, they enter into the Wholesale
shipping and commission business, which is
systematically conducted for few day S, when
they change their books to single entry, con-
tinuing the same for while until proficient,
when they change their books back to double
entry, settle with their customers, and close
out their actual course. If the pupil has passed
examinations in all the bran ches
OF business conducted, and has the proper re-
cord for department. he is admitted TO the rail-
road office, insurance Office, merchants en-
porium, and finally the Bank, where he cam
pletes his college course and is admitted to the
class He here undergoes eight or
ten days rigid examination in the science of
ness, including Mercantile Law and the organi-
zation of Banks and Jointstock companies.
This, unlike many other similar colleges is a
school in which the pupil can realize the i'm
portance of what he is doing.
Ladies, don't forget KAYsER, Shirley &