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The report of Treasurer E. A. Nicholson was read by Mr. Didesch as Mr. Nicholson rvas late in arriving, having driven from Los Angeles to Oakland, and expeiienced some motor trouble that delayed him. He arrived late in the morning, and therefore took his customary interested part in the discussions.

President Dixon then appointed the regular committees for the convention.

Professor Fletcher Cadman rvas scheduled for the next place on the program, but rvas clelavecl until afternoon, and ]\4r. Jack Dionne was called from the crorvd by President Dixon, and talked in a humorous vein for ten minutes. oarticLrlarly paying attention to the Shakespearean quotations of H. T. Didesch.

The morning session u-as then acljourned.

Thursday afternoon rvas featured by the delightful address of Professor Cadman on the sribiect-"T[e hurnan side of business."

A big discussion came up on presentation of the new Price Pilot rvhich the Institute committees have been working on since the Long Beach meeting last summer, the sash and door section of which is now finished and readv for distribution and use. The black board was used l.y Mr. Didesch and Mr. E. A. Nicholson in demonstrating the use of the Price Pilot, and the great value of this new feature of the Institute r.vas intmediatelv demonstrated. Then came the question of how and to -*ho.tt the Price Pitot should be distributed, and there was a varietv of opinions on the subject. In the interest of harmony,-and in order that the members might have time to give the matter more mature consideration and become of one mind on the subject, President Dixon rvaived parliamentary rules, and postponed a final decision on the matter until Friday afternoon.

Clement Fraser, of the Loop Lumber & Mill Company, Alameda, delivered a very interesting address on ths sub- ject of "Educational Propaganda," which will be later reproduced in these columns.

The meeting then adjourned until Friday morning.

Thursday evening there rvas a big stag dinner served in the banquet hall of the Oakland Hotel, at rvhich Clement Fraser acted as toastmaster, and President H. P. Dixon was the speaker of the evening. He talked on "The Mission of the Inst,itute and Your Place In Its Attainment." In spite of the fact that it was a banquet setting, the very delightful and serious talk of Mr. Dixon seemed to strike the crowd just right, as he talked to them of the glory of being A PART, instead of the unwisdom of remaining APART, each man doing in his or,vn best way the work of sustaining the stresses and burdens of the industry, and of the organization. And he plead for integrity in business, and illustrated his remarks with this fine little rhyme : "You may take to your offrce and hang on the rvall, A motto as fine as its paint.

But if you're a crook rvhili you're playing the game, The motto rl'on't make you a saint.

You may plaster your placirdsall over the rvall, But this is the truth I announce, It isn't the motto you hang on the rvall, It's the motto you live that counts."

There was vaudeville entertainment to round ofi the program of the banquet.

Friday morning u'as given over to a lot of figures, the conternplation and discussion of a composite of statistics f.or 1927 of. 44 members covering an experience of five

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