40 WEBER ACADEMY CATALOGUE struction in the theory and practice of accounting. The students learn theoretical principles of debit and credit and review them by frequent drills and discussions in a class capacity. From the start they employ these principles in recording practical commercial transactions, handling at the same time all the business papers pertaining to them in a manner fascinating to most students. This practice work, moreover, is wholly individual. It is done under strict supervision of the teacher, who imparts private instruction and demands above all things neatness and accuracy. Each student may progress as rapidly as his time and his aptness will permit. The amount of routine work required, and the rapidity with which the student is advanced will depend upon his efficiency. Thus in some cases apt students will be able to complete the courses in less than the allotted time. The ledger, journal, cash book, and purchase book are introduced and numerous drills in journalizing notes and drafts are provided. The student becomes familiar with both double and single entry bookkeeping and with private partnership business. BUSINESS PRACTICEThis work begins with a study of corporation bookkeeeping and of the voucher system of accounting applied to a somewhat complicated manufacturing business. This is followed by a brief review course which aims to incorporate all the methods and principles which the student has learned in the most practicable way possible. The student conducts the work as nearly as can be like actual business, dealing with offices engaged in the following lines: Banking, wholesaling, jobbing, commission, real estate, and insurance. Much of the business is by correspondence. He deposits money and draws check's on the bank, buys and sells goods, makes shipments and receives consignments on commission, be-comes familiar with deeds, mortgages, leases, insurance policies, account sales, statements of account, notes and drafts, and in fact with all the forms and papers used in WEBER ACADEMY CATALOGUE 41 actual business. Moreover, every paper must have the teacher's O. K. upon it, and nothing that is not strictly business-like is accepted. OFFICE WORKThe student next continues his business practice in the offices, where he acts successively as shipping clerk, bill clerk, and bookkeeper. He is made familiar with special column books best adapted to the several lines of business already referred to. He is given practice in briefing and filing letters and documents, and in using labor-saving devices. The letter press, impression books, and loose leaf and card ledgers will form part of the equipment. Finally, the student occupies different positions in the College National Bank, which is furnished with books and forms of the same kind as are used in the largest banks. He becomes familiar with most of the businesss carried on in a bank, including collections, discount, and loans. When the student has completed this course he has had experience with such a variety of methods and of different kinds of books that he is prepared to adapt himself readily to any system of accounts employed in actual business. This work, together with the courses offered in English, Commercial Arithmetic, Rapid Calculation, Correspondence, Commercial Law and Economics, will insure the prosperity of any young man or woman of average capacity. ECONOMICSThis course consists in a study of the underlying principles governing production, consumption, exchange and distribution of wealth. The relation of capital and labor, and other present-day economic problems are discussed with some emphasis upon industrial and political ethics. Three hours per week throughout the year. Bullock's Introduction to the Study of Economics is used as a text book, with supplementary reading from other standard authors. COMMERCIAL ARITHMETICThis course consists in a review of the fundamental principles of arithmetic. This is followed by a thorough treatment of percentage