The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1922-06-28
OUTLINED PLAN OF
BABSON INSTITUTE
Instructive Address by Mr.. Paul Trout
Tuesday to the Ocala
Rotary Club

t.
tistical Organization, Wellesley Hills,
Mass, in an address before the regu-
lar weekly luncheon of the Ocala Ro-
tary Club, Tuesday, gave most IN
teresting outline of the plans for the
Babson Institute Mr.. Trout describ-
ed the institute as a wonderful
dream" which Mr.. Roger W. Babson
has had for making business more ef-
ficient and less uncertain. The dream
is being made reality through the
large endowment fund which the insti-
tute has had provided for it by num-
Der of the big men and business Or
ganizations of the country. The in
stitute, located at Wellesley Hills, is
to be a clearing house for Statistics
1t will be a statistical center, located
as it is in the industrial center of the
the great cities Of Europe. The va
rious 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, confer
ence, research and production and dis
tribution. In the educational group
students will be given a short, con-
densed, fundamental business course,
based on economics, finance, psychol-
ogy and personal efficiency. The busi-
ness course is practical. The students
are EARNED out" for short periods
with some of the largest business or
manufacturing concerns in the coun-
try. Mr.. Trout himself spent some
time in the offices of the vice presi-
dents of the General Electric Co. and
the Walkover Shoe Co. The confer
ence group in the plan of the institute
provides for getting together of the
leaders of industries ard employers of
labor. The research group provides
for those who desire to spend from
three months to a year in research
work in some particular phase of in
dustry Instead of having to visit
many cities, for example, to study a
particular industry, an executive can
obtain the information he wants at the
institute. 1t will make the institute a
clearing house for trade associations,
so that one association can become ac-
quainted 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.
To carry out the idea of building a
great statistical center at Wellesley
Hills, Mr. Babson has purchased
ground at cost of $2,0O0,000. A
wonderful group of buildings has been
planned. A great auditorium is to be
built, a museum, art gallery and guest
house in connection with it. 1t is
planned as the most complete confer.
ence hall in the United States. The
various associations of the country
will be invited to hold their annua
conventions in this hall, for which
there will be no charge. The larger
trade associations will have their owl
buildings and headquarters on the
grounds of the institute. Dormitorie:
will be provided which will be rem
free except for a nominal charge fo,
heat, light, janitor service and small
overhead charge. The plans call fo,
a group of forty-eight state buildings
wherein each state will have a perma
nent exhibit, and where information
concerning the states can be obtainet
without the expense of visit to them
In the center of this group the fed
eral government will have buildin,
for the use of government statistic
ians. There will be gymnasium
open air theater, summer cottages,
golf course and other attractions. L
one building there will be an immens
map of the United States, its proper
tions several hundred feet in extent
and done to scale with topographics
detail. An electrical arrangement ha
been worked out by means of whic
the location of important industrie:
the extent of crop paintings, minin
areas, labor distribution and other sta
tistics can be shown in very graphic
al manner. Mr.. Trout mentioned tha
it would be possible to follow the dt
velopment of the cotton crop, the e2
tent of the crop being shown on tn
large map by means of an electr
lighting system.
Mr. Trout is in Ocala visiting h
parents, Rev. and Mrs. c. H. Trou
Mr.. ]. P. Denham Jr. developmel
agent of the Seaboard Air Line, Wa