Arizona republican., 1922-03-02
JUNIOR c. Of c.
ARE HOSTS To
EDWARD HURLEY
Former Chairman Of U. S.
Shipping Board Deliv-
ers Fine Address To
Younger Business Men

In one of the finest gatherings ever
brought together in the banquet room
of the Hotel Adams the members Of
the Junior Chamber Of Commerce
were hosts last evening TO Edward
n. Hurley. former chairman of the
United States shipping board, and a
number of other prominent figures in
the city. About 125 members and
guests were present.
Mr.. Hurley's address. which was
the principal one of the evening. was
a summary of business conditions
throughout the world, and marked a
red letter day in the activities OF the
juniors. The Colorado river, trade
associations, foreign developments
and a score Of other subjects were
touched upon by the speaker, who
gave his hearers one of the really
worth while speeches arranged for
during the life of the organization.
The meeting was presided over by
the president of the chamber, Albert
ID. Stetson, who opened the program
by calling upon the chambers Hare
lip Ouartette," consisting Of VIII
fred johnson, Jack Griffin. Everett
Askins and Ross Kelsey. The quar-
tette entertained with two selections,
the first of which was a series Of
clever references to the guests of the
organization and the second a rather
unusual "Undertakers Song" When
the applause which followed the
quartettes singing had subsided. l..
C. Daggett sang two solos, which also
were well received.
Others Speak
A short business session was then
held and then number or short ad-
= H,wv4 Ia Taste NJ
the speakers table. These included
Harry Welch, secretary of the Phoe-
nix chamber of commerce; Charles
f. Willis. editor of the Arizona Min
ing Journal; Tom Akers of the Ari-
zona Gazette; p. G. Spilsbury, head OF
the Arizona Industrial Congress-;
George H. Maxwell, executive direct
or Of the National Reclamation asso-
citation, and J. A. Rountree, director
general of the Banl1head National
Highway association.
Mr.. Hurley was then introduced
The gist of his remarks follows:
Every business large or small
should know the cost OF their goods
and the cost of selling them.
Monthly expenses should be planned
on a simple budget system and every
empIoye who has charge OF a depart
ment should know the exact amount
of money he should have to run ms
department on.
with this monthly check on ex-
penditures and q complete cost ac-
counting system any mercnant or
manufacturer should show ialr
profit on his volume OF business ana
be in a position to compete lhriy
with his competitors.
Bankers are always glad to extend
who present
intelligent balance sheets.
MANY merchants who are success
full statesmen would develop into
great business men if they would only
adopt a modern system OF cost ac-
counting and budget plan.
'While chairman OF the federal
trade commission / urged the busl-
ness men Of the country to organize
trade associations in their respective
industries
Co. operation Needed
without cooperation on the part
of business, our industries cannot
thrive or compete with our foreign
competitors. There has been more or
less OF q cloud over many members
of trade associations that were sim
oerely trying to be helpful, and 1t is
therefore very pleasing to me, and
know it is to you. that our govern
ment now recognizes their usetul-
ness.
Everyone is discussing business
and wondering when a real upward
turn will come. In all sections of the
country 1922 started off fairly well.
and there is no doubt that there will
be o. decided Improvement over last
year. The farmer has started to buy
moderately and with inventories as OF
Dec. 81 reduced to the minimum IN
factory and store, manufacturers and
merchants are forced to purchase a
new stock of goods and materials TO
supply current demands that can
easily be absorbed by the consuming
public.
Problems Vital
"The economic problems which are
confronting our country today are
most vital, and your state is affected