24 HASKINS & SELLS May
We gave in the last number of the Bulletin
two formulae for computing bonuses.
The printer in the first formula by using an
equality sign instead of a minus sign made
the line next to the last look somewhat odd.
As it appeared it read—
B=5% X 6% B=5% I — 5% X 6% I.
It should have read—
B—5% X 6%-B=5% I — 5% X 6% I.
We trust no one was annoyed by the error.
In the next issue we hope to publish a formula
dealing with a bonus and excess profits
Mr. Ludlam is serving as chairman of the
Accountants' Section of the National War
Savings Committee; also the National Security
Mr. F. C. Shobe, of the Cleveland staff,
sailed recently for France to take up his
duties on the staff of General Pershing.
Mr. Shobe has been assigned to special accounting
work. His appointment came without
any influence and is attributable to his
general moral character, qualifications and
attention to his duties as a soldier while in
training at Camp Sherman, Ohio. The
Cleveland office is justly proud of the appointment.
The following members of the staff have
severed their connection, or "entered the service"
since the publication of the last bulletin:
Barley, Fred, New York—Otrophon
Buxton, S. H . , New York—Army.
Chaplin, W. F., New York—Emergency
Daub, F. W., Cleveland—-Army.
Fairlie, H . O., San Francisco—Service of
Hathaway, J. E., New York—J. Aron &
Hjertberg, H., New York—U. S. Mortgage
& Trust Company (Auditor.)
Parker, T. S., New York—U. S. Shipping
Seibel, H . R., New York—Navy.
Shobe, F. C., Cleveland—Army.
Wells, J. F., Detroit—Army.
Wuerz, Robert, New York—Resigned.