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societies. It was Mr. Ryan who was instrumental in bringing to the attention of the New York Bankers' Association the desirability of inserting in the form of statement which the Association recommended, the query whether or not the accounts had been audited by a certified public accountant. Mr. Ryan was also a member of the Transportation Club, the Catholic Club, and the Fabian Union in New York City, and the City Club.

He enjoyed to an extraordinary degree the confidence of his clients, not only in his integrity, but in his sagacity and sound business judgment. He held certificate No. 16 issued by the Regents of the University of the State of New York on April 9, 1897, for the degree of certified public accountant.

Mr. Ryan was active in the promotion of all matters in the interest of the development of the profession of public accountancy. He was a contributor to its literature. At the last annual meeting of The American Association he read a paper on “The Accountant in the World of Affairs," which appeared in this Journal in December. Mr. Ryan's broad-minded attitude and his unselfish devotion of hours and days of labor to the interests of his profession won the esteem and hearty admiration of his associates. His death is a severe loss to the American Association.

Mr. Ryan was married to Miss Mary Jennings on October 3, 1889, who with their four children, Cecil, aged 16, Alice, aged 13, Thomas, aged 11, and Ruth, aged 8, survives him.

At a meeting of the Executive Committee of The American Association, held on December 30, 1907, the regular order of business was suspended and the following resolutions were adopted:

By the untimely death of Mr. Thomas P. Ryan, on December 24, 1907, in his forty-seventh year, The American Association of Public Accountants is called to mourn the loss of an associate whose professional qualities won our admiration, and whose personality endeared him to our hearts.

Be it therefore

RESOLVED, That the Executive Committee of the Association desires to express its appreciation of his worth as a man and colleague. His actions in all things were governed by the highest standard of honor and integrity His duties in this Association were performed with the most conscientious fidelity and sound judgment. His extensive experience as an accountant and in varied business affairs made his counsel and opinions of exceptional value, and added materially to the success of our association in the advancement as well as the protection of the interests intrusted to our care. In his life our esteemed friend exemplified resourcefulness in

counsel and debate, courtesy of manner, kindliness of disposition, and the helpful spirit to those less gifted than himself. We therefore record our heartfelt sorrow in the loss of a most faithful and zealous member of this Association.

Be it further

RESOLVED, That to the bereaved family of Mr. Ryan our sincere sympathies are hereby tendered in their great sorrow, and as a mark of our esteem and regard, it is hereby

VOTED, That these resolutions be cutered on the minutes of the Executive Committee, and a copy suitably engrossed be sent to Mr. Ryan's family. FRANKLIN ALLEN, New York; J. E. STERRETT, Pennsylvania; A. A.

Ross, JR., Pennsylvania; THOS. CULLEN ROBERTS, Secretary, New
Jersey; H. T. WESTERMANN, Treasurer, Missouri; E. W. Sells,

President, New York, Executive Committee.
New YORK, December 30, 1907.

At a meeting of The New York State Society of Certified Public Accountants held on January 13, 1908, the regular order of business was suspended and the following resolutions were adopted:

Let us pause for a few brief moments, and count our numbers—there is one missing from our midst, for death has claimed a beloved friend and associate. Let us here record with sincere sorrow, our deep sense of loss in the passing from his earthly activities, of Thomas P. Ryan. Our late colleague had not completed the fifth decade of his life, and his matured experience and ripened powers seemed to hold the promise of many active years in our midst. But if the measure of life did not meet with the hopes and wishes of his friends, he lived long enough to demonstrate in a striking way not only his ability and disposition to render influential and enduring service, but, even more, the purpose of his acts was manifestly high and kindly.

Evincing always a marked degree of interest in the profession, he served with honor and credit in whatever position he was called upon to fill.

Of a genial disposition, he was ever ready with kindly wit, yet never lacked firmness, dignity, and moderation when in debate.

The early demise of our esteemed colleague has brought to a close a useful life, but we, who remain, may obtain consolation in the sentiment,

“Heaven gives its favorites-early death." RESOLVED, That we place upon our records this minute of esteem and regret, and extend to the family of our deceased friend our heartfelt sympathy in this, their greatest loss. (Signed) HENRY R. M. Cook, SAMUEL D. PATTERSON, LEON BRUMMER,


New Accountancy Course in Chicago. It is announced that a School of Commerce is about to be organized in the City of Chicago through the coöperation of Northwestern University, the Illinois Society of Certified Public Accountants, the Chicago Chapter of the American Institute of Banking, and certain public spirited citizens. It is proposed to open the School in October, 1908, in the Northwestern University Building at the corner of Lake and Dearborn Streets, for evening courses in Finance, Accountancy, Auditing, Commercial Law, Economics, and other commercial subjects.

The purpose of this School of Commerce will be to train men who are already engaged in active business during the day, but who feel the need of more extensive preparation, especially with the expectation of taking the state examination for Certified Public Accountants, or the examination for the certificate of the American Institute of Banking. The School will attempt first to supply these most pressing needs. The courses will meet every Monday to Thursday evenings, inclusive, from 7.30 to 9.30, from October until June, and the tuition fee will not exceed $75.00 for the four courses throughout the year.

So many men have expressed a desire to take up work of this nature during the present year, that a course in finance was organized in October and is now under way with thirty-five registrations. The course is being given by Professor Earl Dean Howard of Northwestern University, and meets on Thursday evenings at 7.30 in Hurd Hall, Northwestern University Building. This course was especially prepared for bank and brokers' employees, and includes instruction in the principles of Money, Credit, Banking, Corporation Finance, etc.

So many inquiries have been made concerning instruction in Accounting that arrangements have been made with Mr. Seymour Walton, C. P. A., of the firm of Buchanan, Walton, Joplin & Company, who will conduct a course of thirty-six evenings of two hours each, meeting on Wednesdays and Fridays, from 7.30 to 9.30, beginning January 8, 1908. This will be the equivalent of three terms of twelve weeks each of the regular course. Mr. Walton will be assisted in this course by Professor Earl Dean Howard of Northwestern University. The students will receive mimeographed lecture notes similar to those of the course in Finance.

The only requirement for admission to this course is a knowledge of elementary bookkeeping, together with practical experience in bookkeeping. The work will include the practice and theory of accounts, with special view to preparing the students for the C. P. A. examination. The amount of ground which can be covered in the thirty-six evenings will depend upon the students themselves. The tuition fee for this course will be $30, payable in three installments of $10 each. This will include the mimeographed lecture notes mentioned above. A student

who successfully completes this course will be entitled to credit in the proposed School of Commerce. Those who contemplate taking up the three-year course in the School of Commerce will do well to begin the work this year, thus reducing the number of evenings which must be spent upon it from four to three next year. Further information regarding either the course in Finance or the course in Accounting may be had by correspondence or preferably by calling in person upon Mr. Walton at his office, or upon Professor Earl Dean Howard on Thursday evenings, at the Northwestern University Building, or at Northwestern University, Evanston, Illinois.

Illinois. The Illinois Society of Certified Public Accountants held a largely attended meeting at the Chicago Athletic Club on November 26th. The guests of honor at the dinner and meeting were Professor Earl Dean Howard of Northwestern University and Professor Trevor Arnett of the University of Chicago. The subject for discussion was the growing demand for a business education on the part of the Chicago public and the manner in which the Illinois Society could meet that demand. Great interest was manifested in the discussion and in the plans outlined by the two professors, and there is no doubt that the result will be the establishment of a School of Commerce and Finance in Chicago that will compare favorably with those in the East.

The Illinois Society is rapidly adding to its membership and is looking forward to great activity in educating the public in a proper knowledge of the Certified Public Accountant and the establishment of the title of C. P. A. as the mark of excellence in this country.

A class of nine men applied for examination for the C. P. A. degree at the meeting of the Examining Board on December 2d.

New York Board of Examiners. The following Board of C. P. A. Examiners was appointed December 21, 1907: Thomas Bird Dixcy, of Loomis, Conant & Co.; Duncan MacInnes; Henry A. Niles, of Niles & Niles. Mr. Dixcy is president, and Mr. MacInnes secretary.

Mr. H. C. Whitehead, one of the best known railway accountants in the country, has resigned his position as consulting auditor of the Atchison, Topeka and Santa Fé System, and proposes in the near future to engage in business in Chicago as a public accountant and consulting auditor. Mr. Whitehead has been in the railway service for thirty-five years and has been connected with the Atchison for twenty-seven years. He was appointed General Auditor of the Santa Fé System in 1896 and was made Consulting Auditor in 1905. Mr. Whitehead has been a member of the Association of Railway Accountants since its existence, having served as its president for one term. He is widely known among public accountants and will receive a cordial welcome in the profession. Mr. Whitehead is the author of a small treatise on Railway Accounts, published by the New York University School of Commerce, Accounts and Finance, and is now preparing a comprehensive volume on the subject. Book Department. PRACTICAL AUDITING. A Working Manual for Auditors, by George B.

Renn, Chicago, Ill. 1907, Second Edition, Price $3.00.

This manual deserves the title it bears, as details or exposition of principles are avoided. In his preface to the first edition the author states:

“The purpose of this manual is, therefore, to set forth minutely the details to be pursued in making a commercial audit, and to indicate in proper order the procedure to be followed."

Indeed the manual does set forth minutely the steps by which an audit should proceed. A manual that in giving special instructions begins,“ Select a well lighted location to work in, and reserve to yourself ample space for handling the books and papers," indicates the thoroughness of the author.

The book is divided into three parts. Part I contains “General Consideration of Principles and Methods." A prominent feature of this part is the Controlling Account. The author gives here illustrations how to verify the debit or credit balances of personal accounts on the Trial Balance, with the Accounts Receivable or Accounts Payable Controlling Accounts. Part II is a “Description in complete detail of the method of conducting a commercial audit, arranged to indicate in proper order the successive steps of procedure," and concludes with an auditor's report made out in standard form.

In this part there is also given the form of an auditor's certificate. Part III contains instructions for special audits.

While the book lacks one or two details, such as a form for the analysis of accounts, or a form for reconciling bank balances, both of which would be desirable in a manual of this kind, yet it is an inestimable addition to accountancy literature of benefit to the accountant student or inexperienced auditor.

The contents of the book may be summed up in the words: “It tells precisely how to make a commercial audit.”


MONEY AND INVESTMENTS: A reference book for the use of those

desiring information in the handling of money or the investment thereof, by Montgomery Rollins. Pages 436. Boston: Dana Estes & Co. London: Gay & Bird. 1907. Price $3.00.

The title and sub-title of this book do not clearly indicate its character. It is really a financial encyclopedia and is a remarkably good one. The author's viewpoint is indicated from the following sentences from the foreword: “It has long been my belief that there is need of some publication in which a mere beginner in the handling of money may seek for

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