Proceedings of the fourth annual convention, held at Pittsburgh last year, were issued on September 26th, thus placing these volumes in the hands of all of our members early in the autumn. A revision of the Constitution, approved at the convention last year, which increased Class "A" membership dues from $50.00 to $100.00 a year, resulted in the loss of some Class "A" members, and there was some loss in this class of membership due to other causes; but there has been gained a sufficient number of new members to make the total Class "A" membership exactly the same as at the time of the Pittsburgh Convention, namely, 102. There has been a satisfactory growth in the other classes of membership, Class "B" having increased from 70 to 101 and Class "C" from 71 to 87, giving our Association at the date of this report a total membership of 290. This is the highwater mark for membership. Our Association has continued to receive considerable publicity, and is now treated as an established institution, and is recognized as a part of the educational system of our country. During the past year the Executive Committee approved a form of Constitution for local Chapters. This Constitution has been adopted by the four Chapters which have been instituted. During the past year the Executive Committee approved of our Association including in its activities all problems which can be classified under "personal relationships" in industry. Such activities, however, are treated from an educational standpoint, and the change in no sense can be considered as a change in policy, but rather as a recognition of a broadening of the field. in which our Association prosecutes its work. Under this enlarged scope the Special Report dealing with Profit Sharing Plans, Service Annuities or Retirement Pension Systems, Group Insurance and Sick and Death Benefit Plans, was compiled and published. The Executive Committee requested the sub-committees to have their reports in the hands of the Executive Secretary for printing by April 1st. Most of the chairmen were able to complete their reports by this date, or within a comparatively short period thereafter, which made it possible to distribute the reports well in advance of our convention. This was in connection with the revised plan under which the program was prepared. It is believed the new system will be found satisfactory. There has been criticism from the time of the first convention that there has not been sufficient opportunity for discussion. The present plan eliminates practically all other matters from the convention. The Chicago Local Chapter extended an invitation to our Association, through its Executive Committee, to hold our 1918 Convention in Chicago as the guest of the Local Chapter. This invitation has been accepted by the Executive Committee and marks the inception of a new plan-under which it is probable our future conventions will be held-under the auspices of Local Chapters. There are three problems of major importance demanding the attention of our members: First. A growing demand for capable directors and instructors in industrial educational work. This need will be met in part by the institution of a course at New York University designed to train for such service. Second. It seems imperative that our Association should at least double its Class “A” membership. It would cost but little more to administer our Association with 200 Class "A" members. The increased membership would supply an additional revenue of $10,000, which could be utilized in placing trained workers in the field to gather information of value to all of the members of our Association. Third. There has been recognition on the part of the Executive Committee of the need for additional revenue and a committee was appointed to give attention to this matter. Your retiring President discussed this subject in his report. It is the judgment of your Executive Secretary that the value of membership in our Association will be enhanced if the three recommendations here submitted are carried out. Because of conditions due to the war it is difficult to forecast the future, but there can be no doubt that during the conflict, and after its close, our country will need trained workers, and the degree to which this need can be supplied will materially contribute in determining the position the United States will hold among the other leading nations of the world.” THE PRESIDENT: We will now have the report of the Treasurer, which will be presented by the Executive Secretary. FIFTH ANNUAL REPORT OF THE TREASURER Statement taken from books of accounts of The National Association of Corporation Schools as of May 23rd, 1917, audited and verified by Mr. M. T. Chernich. From April 25, 1916, to May 23, 1917, inclusive. RECONCILIATION OF ACCOUNT THE NATIONAL ASSOCIATION OF CORPORATION SCHOOLS WITH BROADWAY TRUST COMPANY OF NEW YORK AS OF CLOSE OF ACCOUNTS, MAY 23, 1917 717 5/21 American Exp. Co..... $3.16 718 5/21 F. C. Henderschott..... 250.00 719 5/21 A. H. Kellogg Co...... 67.50 720 5/21 A. H. Kellogg Co..... 44.50 721 5/21 Postmaster 42.40 407.56 $4,983.35 $4,983.35 May 24, 1917. GENTLEMEN:-This is to certify that balance at credit to the account of The National Association of Corporation Schools with the Broadway Trust Company of New York as of close of business on May 23, 1917, amounts to $5,390.91 including deposit of $100.00 on May 23, 1917, and interest to May 23, 1917, of $23.98. BROADWAY TRUST COMPANY, LOUIS S. QUIMBY, |