Merger with George K. Watson & Company;Best paper awards;

              MERGER WITH GEORGE K. WATSON & COMPANY
Last year our Philadelphia Office prac-tice was substantially increased by merger with the firm of Charles S. Rockey & Company. This June it was expanded further when George K. Wat-son & Company joined our Firm. We are pleased to welcome their seven partners, twenty-one staff members, and seven office employees to Haskins & Sells.
George K. Watson and his brother, Harold J. Watson, founded their firm in 1915, continuing the practice that George Watson had established in Phil-adelphia on his own account four years earlier. After World War I, Paul K. Got-wald, and later M. Edward Drayer, John B. Moore, H. Oscar Zimmerman, and Clarence E. Edwards became members of the firm. The firm's prac-tice grew steadily over the years to
include service to a broad cross-section of companies in the Delaware Valley, with clients in New York, Chicago, Washington, and other parts of the country, as well as Pennsylvania.
A noteworthy public service was per-formed by the firm in the early thirties at the request of a U. S. Senate commit-tee: as a result of the stock market crash of 1929, members of Congress became convinced that legislation was necessary to protect investors against misrepre-sentation, fraud, and other undesirable practices in the issuance and sale of securities. Acting on this concern in 1932, a Senate committee was formed to investigate stock market practices, and George K. Watson & Company were engaged to provide certain background information to assist the committee in developing its recommendations. It was
on the basis of the committee's findings that legislation creating the Securities and Exchange Commission was enacted.
During the 1933 "bank holiday," Mr. George Watson was a deputy commis-sioner of banking and of insurance for the Commonwealth of Pennsylvania.
George K. Watson, who began his career in public accounting 52 years ago in 1911, together with his brother, Harold, Mr. Gotwald, and Mr. Drayer have become advisory partners of Has-kins & Sells. Clarence E. Edwards, John B. Moore and H. Oscar Zimmerman, will continue as active partners in the Philadelphia Office. With the knowl-edge and experience they and their staff associates bring to Haskins & Sells, we look forward to continuing growth of the services performed for our clients in the Philadelphia area.
THE BEST PAPER AWARDS
"Reading maketh a full man, confer-ence a ready man, and writing an exact man," said Francis Bacon. So it is with the men who have won the Firm's Best Paper Awards. They find that to write interestingly and with precision, their reading interests must be broad. As "ready men" in conference, they are alert to vital professional experiences that are the raw material for interesting papers. In short, they find themselves committing their ideas and experiences to paper as a natural adjunct to an or-ganized program of personal develop-ment. Further, many CPAs hold that it is a professional responsibility to make useful contributions to accountancy's literature.
To encourage personal development through constructive writing, awards of
$500, $300, and $200 are made to staff members, managers, and principals in the Fall of each year for the papers judged to be the best written on pro-fessional and technical subjects during the twelve months ending September 30. To be eligible, papers must have been published or delivered as talks to audiences outside the Firm, or in some other manner deemed to be outstanding.
Since the current Awards program began, fourteen of the winning papers have been on accounting and auditing subjects, five on taxes, and eight have been on management advisory services. Winning papers have come from men in every part of the country. Six offices have had more than one winner, and one author has presented three award-winning papers.
Some of our most effective speakers talk from outlines or notes, and many experts say that this is the best way to establish rapport with an audience. If this is your practice, we urge you to take the extra time to convert your out-line into a paper. By doing so, you may not only win an award, but you might reach a wider audience through pub-lication.
While the basic purpose of the Best Paper Awards is to encourage the self-development that always comes with ordering one's thoughts and finding the words to express them, there is a further benefit from speaking and writing: through these endeavors one gains the friendship and constructive criticism of other thoughtful men and women.
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