Events which inspire;

              ATLANTA PHILADELPHIA
BALTIMORE HASKINS & SELLS PITTSBURGH
BIRMINGHAM
BOSTON PORTLAND
PROVIDENCE
BROOKLYN SAINT LOUIS
BUFFALO
CHARLOTTE CERTIFIED PUBLIC ACCOUNTANTS SALT LAKE CITY
SAN DIEGO
CHICAGO SAN FRANCISCO
CINCINNATI SEATTLE
CLEVELAND BULLETIN TULSA
DALLAS WATERTOWN
DENVER DETROIT BERLIN
JACKSONVILLE LONDON
KANSAS CITY PARIS
LOS ANGELES SHANGHAI
MINNEAPOLIS
NEWARK E X E C U T I V E O F F I C ES HAVANA
NEW ORLEANS 30 BROAD STREET, NEW YORK
MEXICO CITY
NEW YORK
MONTREAL
VOL. IX NEW Y O R K , J U L Y , 1926 No. 7
THE advent into the firm of three such
worthy members as were admitted
June 1, 1926, is just cause for elation
on the part of other partners. There is
also a side to the event which should be
the cause of greater satisfaction.
The three men in question began at the
bottom and worked their way up. They
have been unfailing in their confidence that
in this organization advancement is a
matter of ability and application; not
ancestry, fraternalism, religion, political
adherence, or favoritism.
In the course of the firm's existence
many men have passed in and out of the
organization. Doubtless many have en­tered
who by reason of lack of education,
experience, stamina, right temperament or
other qualities were not suited to accoun­tancy
and therefore had no hope of suc­ceeding
in an organization the chief pur­pose
of which is to practice accountancy.
Others have succeeded in accordance with
Nietzsche's theory that only the fittest
survive. Probably some have passed out
of the firm's employ because of discourage­ment
at not making progress with sufficient
rapidity to satisfy their pride, ambition,
or economic requirements. Some men
who should have been retained have been
allowed to get away.
Whether or not one believes in the doc­trine
of pre-ordination, it is almost in­evitable
that certain individuals will suc­ceed
in an organization like ours. What
with a country having the economic possi­bilities
of our own, with industry developed
to a state which the world never before
has witnessed, with accountancy begin­ning
to come into its own, it is imperative
that any organization in that field which
attempts to keep pace with modern condi­tions
have top men competent to deal suc­cessfully
with the problems which arise.
The men who will be chosen, naturally are
those who combine character, technical
ability, high professional ideals, devotion
to their chosen profession, and devotion
to the organization of which they form a
part. Any man along the way who has
these characteristics scarcely can escape
being chosen.
We are proud of an organization in which
an office boy can rise to the position of
firm member. We are proud of staff men
who have demonstrated their ability to
work their way through the complicated
paths of difficulty to a point where they
can assume the responsibility necessary
to justify their admission to the firm.
We believe in the future of our organiza­tion.
We believe in the practice as well as
the principles of democracy. We believe
in Napoleon's theory that every private
carries in his knapsack the baton of a
marshal. We think the experience of our
three youngest partners should serve as an
inspiration to every member of our staff.