Memories of Great Printer; Biographical Sketches of the Career of Charles Francis, Who Practiced His Art On Three Continents, Founded the Printers' League of America in 1906, And the International Joint Conference Council in 1919; Introduced Arbitration F

Cover Memories of Great Printer; Biographical Sketches of the Career of Charles Francis, Who Practiced His Art On Three Continents, Founded the Printers' League of America in 1906, And the International Joint Conference Council in 1919; Introduced Arbitration F
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As a result of these four sensible moves, the club was transformed from a losing institution, which would probably have gone to pieces, and was made a profitable concern, its debt absorbed, and various par- 142 FRANCIS, FINANCIER ties were interested in systematically continuing the building up of the membership so as to keep the club in good financial condition. At the end of three years the debts had been wiped out and $25,000 handed over to the incoming treasurer.
On another occasion Mr. Fra
...ncis did a similar work for a boating club which was eight or ten thousand dollars in debt, wiping out the loss, and placing it again on a solid foundation.
These are the sort of things that a knowledge of finance and the methods of handling money enable a wise business man to accomplish. Good bankers know how to do it, while good printers, as a rule, do not.
This chapter may serve to suggest to some printers the advisability of actually studying banking methods for their own good, in order that the means for se- curing and managing money may become familiar to them.


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