The Ocala banner., 1922-06-30

weekly luncneOn OF the Ocala Rotary
Club on Tuesday, gave a most interest
ing outline of the plans for the Bab-
son Institute. Mr.. Trout described
the institute as a wonderful dream"
which Mr.. Roger w. Babson has had
for making business more efficient and
less uncertain. The dream is being
made reality through the large en-
dowment fund which the Institute has
had provided for it by a number of.
the big men and business organiza-
tions of the country. The Institute.
located at Wellesley Hills, is to be a
clearing house for statistics. 1t will
be a statistical centre, located as it
is in the industrial centre of the Unit
ed 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 Babson Institute,
according to Mr., Trout, will have four
general. divisions: Educational, con-
ference, research, and production and
distribution. In the educational group
students will be given a short, con-
densed, fundamental business course,
based on economics, finance physiology
and personal efficiency. The business
course is practical. The students are
''farmed OUT for short periods with
some of the largest business or manu-
featuring concerns in the country
Mr.. Trout himself spent sometime in
the Offices of the vice-presidents of
the General Electric Company and the
Walkover Shoe Co. The conference
group in the plan of the institute pro-
vides for getting together of the
leaders of industries and employees
of labor. The reasearch group pro-
vides for those who desire to spend
from three months to a year in re-
search work in some particular phase
of industry. Instead of having to visit
many cities, for example, to study
particular industry, an executive can
obtain the information he wants at
the Institute. 1t will make the Insti-
tute a clearing house for trade asso-
Citations, so that one association can
become acquainted with the machin-
cry and methods of another. The pro-
duction 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 out that the tendency of
business today is not 10 guard trade
secrets as closely as in the past, but
organizations and the machinery of
business in general
The various trade associations of
the country and of the world are in
vited to send their secretaries or sta
tisticians to the Institute to become
acquainted with each other, to learn
the dependencies of one upon the other
in business.
TO carry out the idea of building
great statistical centre at Wellesley
Hills, Mr.. Babso1 has purchased
ground at cost Of s2,000,000. 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 as the most
complete conference nall in the United
States. The various 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
nave their own building and head
quar'ers on the grounds of the lnsti-
tute. Dormitories will be provided
which will be ren-free except for a
nominal charge for heat, light, janitor
service and a small overhead charge.
The plans call for group of As state
buildings, wherein each state will
nave permanent exhibit, and where
Information concerning the States can
oe obtained without the expense OF
visit to them. In the centre OF
tnis group the federal government
VIII have building for the use OF
government statisticians. There will
oe gymnasium, open air theater,
summer cottages, a golf course and
other attractions. In one building
mere will be an immense map OF the
united States, its proportions several
hundred feet in extent, and done to
scale with typographical detail. An
s'ectrical arrangement mas been wozk-