738 
Correspondence. 
Am.  Jour.  Pharm. 
Oct.,  1918. 
income,  the  returns  required  by  the  government  under  the  revenue 
laws  cannot  be  made  with  any  degree  of  accuracy  without  books  of 
account  and  annual  inventories. 
The  bad-debt  loss  of  the  nation,  which  runs  into  large  figures 
annually,  is  due  in  large  measure  to  inexperience  and  inability.  If 
merchants  would  keep  even  the  simplest  books  of  account  the  bad 
debt  wastage  would  be  reduced  materially,  for  inability  and  inex- 
perience are  usually  marked  by  the  absence  of  an  accounting  system. 
Owing  to  the  withdrawal  of  man  power  from  industry  it  is  es- 
sential that  every  business  man  be  more  frugal  and  exert  himself 
more  effectively  to  conduct  his  business  efficiently.  Extra  effort  put 
forth  in  carrying  on  the  business  so  as  to  increase  volume  at  less 
expense,  will  decrease  the  chance  of  failure,  increase  the  earnings 
of  the  merchant  as  a  reward  for  his  effort,  and  enable  him  to  share 
more  liberally  in  the  governmental  financial  program  made  neces- 
sary for  the  successful  prosecution  of  the  war. 
The  man  who  knows  the  exact  condition  of  his  business  from 
day  to  day  has  an  immeasurable  advantage  over  the  individual  who 
has  no  records  upon  which  to  base  his  operations.  It  is  the  duty  of 
every  citizen  especially  in  these  war  times  to  keep  in  such  close 
touch  with  his  business  through  record  keeping  and  otherwise  as  to 
maintain  the  greatest  efficiency  and  render  to  his  government  every 
cent  due  in  taxes. 
Daniel  C.  Roper, 
Commissioner  of  Internal  Revenue. 
PROFESSORS  COOK  AND  LA  WALL  SUCCEEDING 
EDITORS  OF  REMINGTON'S  "PRACTICE 
OF  PHARMACY." 
Mr.  Geo.  M.  Beringer, 
American  Journal  of  Pharmacy, 
145  N.  10th  Street, 
Philadelphia,  Pa. 
Dear  Sir:  We  enclose  an  important  note  regarding  the  editorial 
staff  of  Remington's  "  Practice  of  Pharmacy."    The  appointment  of 
Prof.  E.  Fullerton  Cook  and  Prof.  Chas.  H.  La  Wall,  to  continue 
Prof.  Remington's  great  work  will,  without  doubt,  be  of  great  in- 
terest to  your  readers,  a  large  number  of  whom  look  to  his  "  Practice 
of  Pharmacy  "  as  the  standard  work  of  reference  and  reliability  in 
its  field.    They  will  recognize  in  these  appointments,  which  were 
