Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-05-18

subject to the/acts to regulate COM
merce. from unfair methods or COM
petition in commerce.
Not only is 1t the object OF the com
mission TO regulate corporations or
partnerships, but it has been designed
TO assist business enterprises. Espe-
cally is this true of the smaller bust
nesses The speaker told of the COL
lection of information concerning bust
ness, and how, without adequate III
formation, it was impossible TO lend
the desired assistance.
Urges Adequate Cost System.
Mr.. Hurley said that there We're
100000 business corporations in the
country, and last year over 100000
showed no net income whatever. Nine
ty thousand showed less than $1,000,
and 5000 made $1,000 or more. Utter
lack of business methods was shown
in the fact that Sc, 600 making reports
had charged nothing off for deprecia-
ton. Manufacturers and merchants
knew not what goods cost them. Lack
Of these two important factors of bust
ness principles was the cause OF much
business disorder. the speaker said,
and was responsible 10 large meas
ure for over 22.00o business failures
small concerns.
Drawing lessons from the lack of
these factors Mr. Hurley urged all
manufacturers and business men.
whether large or small. to adopt
SYST Pr1latic system of cost accounting.
that all might have an Intelligent idea
# what their products Were costing,
and what il costs TO do business
Knowing this. with deprec iatien added,
there would he no danger of selling
below what goods cost
Mr. Hurley also urged manufacture
FRS not - overluild or enlarge during
a rush season and then allow equip
ulent to lie IDLE during dull months.
Work yCur present machinery to its
rapaciry." was his advice: get over
The !dea that night shifts are not ef-
4lH.enI-"
transportation among ali lines Of husi-
ness end@avor was another feature
which tho speaker made prominent.
He cited the high standard Of indus
trial supremacy II Germany as an eX-
ample Of cooperation. He declared
by SySrerualizing industry America
could be-nome world power, and that
the opportunity now was greater than
ever before.
Mr. Norris followed MI. Hurley by
RIA ding a letter 20 Mr.. Hurley from
P7,=~itI~n; Wilson in which Mr.. Wilson
,r.1lnlimented Mr. Hurley on the WORK
nt he commission and addresses Mt
HURLEY had made explanatory Of the
commission and its lines of e0deaVoT
Great Western President Speaks.
Samuel y FELTON,. of Chicago, presi-
csr7- ~ -Na u i,~a-p Great Western rail-
way. declared ne represented an insu-
lUtI0n that had sure enough been
re-ul1ted and he congratulated the
-r-=ulat-d' class.
Mr. FELTON, talked % the railroad bus
mess. ard allied attention 10 his Own
conpany.S Ia Il Of an adequate passen-
ger station III this city The railroad
president told how mis- company had
spent over as. Goa. 0;,o on the property
in six years. and that the money had
gore for better roadbed and equip
ra-nI- Passenger stations had been
omitted because Of need OF other i'm
proYenerrs first and the fact that the
railroad derived no revenue from pas
seRge- business He referred to the
great increase - automobiles. There
We're l247 autos II Iowa in 1907. when
railroads were cut to a 2-cenr fare
Now Iowa has IA 800 autos. which are
doing the local passenger business for
mer!y done oy railroads.
Mr. Felton, pleaded for sober thought
on the part Of Iowa men for the repeal
OF the e-cenr passenger law. and prom
lseG that ii mis- railroad were allowed