The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1922-07-25
A SCHOOL OF EFFICIENCY

In the modern business world in the United States
there is higher authority on business conditions and
business methods than Roger w. Babson whose name
appears frequently in connection with phase
other Of commercial life. So great has been the
demand for Mr.. Babsons services that he has been
PEELED in self defense, to organize what known the
Babson Statistical Organization with headquarters at
Wellesley Hills, Massachusetts, One of the prominent
members Of the Babson working staff is Paul Trout,
son of Rev. and Mrs c. H. Trout former residents of
Lakeland while Mr.. Trout was pastor of the First Chris
tan church. During recent visit to his parents who are
now located in Ocala. Paul Trout made address be-
fore the Ocaa Rotary Club in which he told of the won
derfu program Mr. Babson has in view for making bust
ness more efficient and much less uncertain What he
had to say is of such general interest that Telegram
readers will want to knew more about movement that
ii hoped will bring about business reforms of wide
scope and enduring character. According Mr. Trout
the Babson dream" is being made possible through a
large endowment fund which the Institute has had pro-
vided for it by number f the big men and business
organizations; of the country. The Institute located at
Wellesley Hills is to be a clearing house for statistics. 1t
will be statistical centre, located it is in the indus
trial of the United States and easily accessible to
the great cities of Europe. The various services which
the Institute will have to offer will be free to ALL
The work of the "abson Institute according to Mr.
Trout will have fc:r ral divisions: Educational.
conference research, production and distribution
In the educational groui students will be given Short
condensed, fundamental business course based
nomics finance, physiology and personal efficiency The
business is practical. The students farmed
out for short periods with some of the largest business
or manufacturing concerns in the country. Mr.. Trout
himself spent time in the Offices of the pres
dents of the General Electric Company and the Wakover
Shoe Company. The conference group in the plan of
the institute provides for getting together of the leaders
of industries and employees Of labor The research group
provides for these who desire spend from three months
year in research work in particular phase of
industry. Instead of having to visit many Cities for
example. study particular industry. an executive
obtain the information he at the Institute 1t will
make the Institute clearing house fer trade associations.
Sc that association become acquainted with the
machinery and methods Of another The production
and distribution group will provide for an exchange of
statistics and methods which otherwise could not be had
except at considerable expense and only by visits to many
parts of the country perhaps Mr.. Trout points cut that
the tendency of business today guard trade
secrets closely the past, but to invite the public
inspect plants, organizations and the machinery Of bust
ness in general.
The various trade associations of the country and of
the world are invited to send their secretaries Stats
tcians the Institute become acquainted with each
ether to learn the dependencies of upon the other
in business
To carry out the idea of building a great statistical
centre at Wellesley Hills Mr.. Babson has purchased
ground alta cost of $2OO0.00O A wonderful group
of buildings has been planned A great auditorium is to
be built with a museum, art gallery, library and guest
house in connection with it. 1t is planned the most
complete conference hall in the United States The var
Gus associations of the country will be invited to hold
their annual conventions in this hall, for which there
will be no charge.
The larger trade associations will have their own
building and headquarters the grounds of the lnsti
tue. Dormitories will be provided which will be rent