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so it is with government. Anything that deals with human beings as well as with materials and machinery, if it is to be administered at all, has got to be administered by people who have not a rule that they can go and pull out of the lower right hand drawer, look at, measuring everything against it, doing just what the regulations and the theorems say, but by people who have some kind of a measuring stick of accomplishment in mind and with a tremendous amount of human inspiration and human feeling, and with, what for want of a better name we call, the practical touch.

The schools of business administration have been very useful and very creditable in that they have taken the young men of families that were in business, young men who certainly were going to go into business, and have given them a very much broader education in economics, in geography, in science, in history, in all the arts of life, and have therefore broadened their outlook on business administration. They have also introduced them to the idea of accountancy, which is a darn useful technique. Now, I grant that accountancy is a special kind of science really. It's a special kind of application of mathematics to the problems of analysis, and it's a very, very helpful technique. But of course, a great many mistakes are made in the application of an accountancy report. This business has come about now where everything must pay for itself. Every activity of a department store, every activity