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PRACTICAL BUSINESS EDUCATION.

REPRESENTATIVE of THE INLAND EDUCATOR recently spent a day in Vories's Business College of Indianapolis. The visit was a profitable one to the writer, and will be interesting and profitable to the teachers of the state who are interested in knowing how the Laboratory Method may be successfully introduced into a business education.

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VORIES'S BUSINESS COLLECE

In the past it has been found that graduates from business colleges who obtain employment in countinghouses have to learn over much of the theory they were taught in the formal study in business colleges. The Laboratory Method on which Mr. Vories holds the copyright, is radically different from that of any other business school. Debit and credit is not the reef on which beginning bookkeepers go to wreck. Business men complain that the business college graduate knows little or nothing whatever about how business is done. They do not know the preliminary steps leading up to the recording of the transaction in

Is located, as the above cut shows, on the Northeast Corner of
Monument Place and Market Street.

the books. They say your graduate can be of
very little service to me, because he knows noth-
ing of how business is done. He will have to take
a subordinate position until he learns the prelim-
inary steps. Mr. Vories overcomes this objection

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entirely by beginning in a radically different method from the text-book or budget method. He fits up his school with all the different offices to be found in real business. He has the student start with the beginning of the transaction, using the current market prices, freight and express rates, and follow each step by real transactions from beginning to end, until the transaction passes through all the different books in which it would be recorded in real business, reaches the ledger, is shown in the trial balance, and appears in the statement, showing the proprietor exactly how the trade has affected the proprietor's business.

ing duplicates), two wholesale houses, two banks, and a clearing house. (We have not cuts at hand to illustrate all the different offices.) It is impossible to give an adequate idea of the Laboratory Method by any written description. We found in our visit that the more we see of it the more we are impressed with the immense superiority of this method over any other for teaching bookkeeping and business. The idea of keeping books, typewriting and stenography constitutes but a small part of the prerequisites for a successful business career in this progressive age. Students in this school are given real estate cards giving actual

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Sectional View Second National Bank, Wholesale House No. 2, and other offices.

It is astonishing what delight pupils take in learning bookkeeping and business by the Laboratory Method. They realize that they are learning the science of bookkeeping and business as it is done in real life. And, to emphasize this fact in the mind of the student, Mr. Vories has his students call up by telephone the presidents of the banks and the managers of the leading business houses in the city, who will and gladly do decide questions of how business is done in their respective lines.

To illustrate how business is done in all the different departments of commerce, Mr. Vories has fitted up in the most convenient, modern and elegant style twenty-eight different offices (not count

location of land with actual transfers by deed and by will, and are required to prove the title by investigation of records in the various offices in the school, which records are kept exactly like the records in real business. Students are required to go to the recorder's office, clerk's office, tax department office, judgment docket, etc., and examine every phase of the title. In case of wills letters of administration are taken out, notices filed, and the commercial law governing such matters is exemplified.

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on the law governing incorporations. The number of incorporators varies, depending on the kind of business one wishes to engage in. In some instances the law requires the capital stock to be set out in the Articles of Incorporation, and in that event he pays the statutory per cent, based on the face of the capital stock, besides the stipulated fee for incorporation. In case the statutes do not require the capital stock to be set out in the articles of incorporation, as in the case of schools, churches, societies, etc., then it is best not to state the capital stock, as by omitting this, the per cent fee is evaded and there is also no capital

the state, he will file the articles of incorporation in his office, collect his statutory fees, and issue a charter. Then the incorporators must proceed to the office of County Recorder in the county in which the incorporation is to do business, and there have the articles of incorporation recorded. The incorporation is then legally prepared to open up its business.

Another illustration may serve to show the reader how thoroughly practical all the work is in this wonderful school and why it is necessary to have an office for every phase of business to be met with anywhere in the active duties of a bus

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stock on which the Assessor or County Board of Review can levy taxes. After this phase of the he law is canvassed with the individual pupil, and to the school by lectures and quizzes, much more exhaustively and minutely than we can enter into in this article, the student is given minute and specific directions for drawing up the articles of incorporation. Each step is pointed out. After the articles have been agreed upon and drawn up in statutory form, each incorporator must go to the office of a Notary Public and have the acknowledgment of his signature to the articles taken. Then the articles must be taken to the office of Secretary of State. If this officer finds that each step has been taken according to the statutes of

tling city. It will be noted that any office to be found anywhere in the city is represented in this school. At first one thinks Mr. Vories has gone to unnessary expense in fitting up so many offices in such elegant and convenient style, but on investigation into the manner of teaching pursued here one finds that he would have to visit all these different offices in order to transact the real business of life. The thought, "how much embarrassment and unnecessary worry and delay one might have been spared if he had had the privilege of attending such a school, before starting out to meet the exacting duties of a business life," is brought to mind on every turn, as he goes through this school and finds how thoroughly and

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Novi's Laboratory Sheelhoon of Roos Reeping

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Hervey D. Vores

Indianapolis

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it is for. In this school each student is required to go into the Clearing House and perform the duties exactly in the same manner as they performed

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in the Clearing House in this city. And, as it is not imaginary work, but all real business as transacted by three hundred different students, each and every one on the watch for any failure to make proper endorsement, and fully informed on the commercial law governing all kinds of endorsements and commercial transactions of every kind, it will readily be seen that the clerk in the Clearing House will meet with any complication to be met with anywhere in the active duties of life. It will thus be seen that one will learn more in a few days by observation in this school, about how business is done than he would in a whole term in a text-book or budget system school.

the right where of he claim as author proprietor in conformity with the laws of the United States respecting Copyrights.

Office of the Register of Copyrights, Telashington, B. C.

Chicago. After knowing the price in each city, he must then know the freight rate from either city to his home before he can determine where it would be the most advantageous to buy. He must then consult the Union Freight Company, as represented in one of the accompanying cuts. Thus it will be seen that one not only learns debit and credit but at the same time he learns in the most practical and expeditious manner possible, how and where each item of information in the transaction of any business, is to be found. And it will readily be seen that one will get a wider range of information, and specific information too, in this school than most men get in a whole life time of actual business for the reason that one

Librarian of Congress.

204 Thorvald

Register of Copyrights

The text-book or budget system does not give the student the grasp of business that transactions of the above nature give. There would be no business with the bank or any body else in the text-book or budget system. Every student in the school would be required to make the same record and the work would degenerate into a mere matter of perfunctory copying. This soon

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