MILLWORK INSTITUTE OF CALIFORNIA, Continued

Manual of Millwork: Charges will be made as follows: Any sales coming into the office direct, $1 each. To members: $1 each up to 10 books; 75 cents each from l0 up to 25 books; 50 cents each for all over 25 books.

Publicity: Mr. Didesch stated that a Publicity Department would soon be initiated which would be under the supervision of E. R. Maule of Los Angeles, who would act as Managing Director and called on Mr. Maule to outline the plans of this Department

Mr. Maule advised that "the Board of Directors have felt for some time that they should have as much publicity and information as possible in a California publication that will educate the buyer and the people that we do business with."

Through the co-operation of Phil B. Hart of the "California Lumber Merchant", arrangements have been made whereby a "Sash, Door and Millwork Department" will appear in this publication, he stated. Mr. Maule said that he would appoint member representatives in the various districts of the state, also that the usefulness of this publcity will develop as time goes on, and that the success of this department will depend on the assistance that he will get from the various local representatives.

A motion rvas made by Wesley Shrimp amending Article 1, Section 5 of the Constitution, to increase the Board of Directors from 9 to 11 members; the Board of Directors to include two members each from Los Angeles, Sacramento and Oakland with the remainder of the members of the Board to be elected from the various other Districts in the state. The motion was unanimously carried.

The Board of Directors accepted the invitation inviting the Managing Director and President to attend the Regional Association Executives' Convention at Chicago and proposed that this meeting be deferred until the Millwork Cost Bureau Conference in December.

A motion was unanimously passed electing the follorving Directors for the ensuing year:

H. P. Dixon, Los Angeles.

A.W, Bernhauer, Fresno.

G. C. Jacobs, Eureka.

C. I. Speer, Oakland.

Nat Edwards, Oakland.

Harry Gaetjen, San Francisco.

W. J. Glasson, San Diego.

W. F. O'Keeffe, Stockton.

Jo. Shepard, Sacramento.

A. J. Todhunter, Los Angeles.

J. A. Hart, San Francisco.

The discussion on "Manual of Millwork, Section 3", was led by G. A. Hunter, Research Department, M. I. C. Sample copies of Section 3, designated "Mouldings and Finish", was distributed and a general discussion was held in which many of the members participated regarding the various designs displayed in the proposed manual. At the conclusicin of the discussion, President Gaetjen appointed the following committee to rvork withMr. Hunter in the preparation of the proposed manual:

Fred S. Spencer, San Francisco.

Geo. H. Nicholson, Los Angeles.

R. R. Smith, Eureka.

W.F. O'Keeffe, Stockton.

A. W. Bernhauer. Fresno.

Nat Edwards, Oakland.

C. G. Chipchase, Sacramento.

"Credit Co-nsideration Affecting the Millwork Industry" was discussed by Robert F. Osborn, Credit Manager of the Bank of California, San Francisco.

Mr. Osborn stated that the business of a bank was to loan money. The requisites for a loan, he said, are character, a thorough knowledge of your business, and a good working capital. When looking for a loan, he suggested that you come to the bank with an open mind, lay your cards on the table and be guided by the judgment of your banker. He cited instancei where he had observed men who followed this procedure and have developed successful organizations. He spoke aboutr many concerns having lhe "bug to expand," laying that it is much more preferable to grow by degrees. -He also urged that men looking for a loan from a bank should not wait until the last minute, or until such time that his business gets in a jamb, but to take the matter tup before this urgency exists.

-The discussion on "Indirect Labor Costs" was led by H. E. Weyler, Boyd Lumber & Mill Co., Santa Barbara. With the use of the black board, Mr. Weyler shorved by the following figures, the costs of a mill operation.

Mill Data On Labor

following not included: \Marehousing, Book-keeping or General Explnse, Cartage orCrating. Selling Expense Included in Supt. time.

"Institute Accounting Forms" was discussed by R. A. Niglas, Consulting Cost Accountant, M. I. C' Mr. Niclas deicribed the cost accounting system used by the.Institute and its members and urged all the members to install the uniform accounting service. Through the use of the Form Sheets that werJdistributed among the members, he showed that it was a simple matter for the members to use a simple and uniform sysiem of bookkeeping in their busiNESS.

'fo show the various factors that enter into the Business Management of a business organization, he illu-strated this mattei by the use of a diagram on the black board.

B. D. Mattingly, C. P. A., Manager,. Price, Waterhouse & Co., San Frincisco, talked on his "Impressions of the M. I. C. Standardized Accounts and Composite Statements."

In opening his address, Mr. Mattingly informed the members oi the fnstitute that they should consider themselves fortunate in having such a man as Mr. Niclas in charge of their accounting service.

In discussing Standardized Accounting, he stated, that (Continued o,n Page 36)

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