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Show Much Accounting Now Irrelevant. Article Says Has ac- NEW YORK (ACCN) counting become irrelevant? startling view of the future of accounting appears in the July edition A formation should be available to outside professionals and investors. "It has infinitely greater im- portance than a glossy picture of past results." Distressed that accounting discussions sound exactly as they did 40 years ago, the author alerts accountants and financial to the management greater need for objective total information. "Only a tiny part of that information is the financial statement, which now seems the end product of the ac- of FINANCIAL EXECUTIVE. The article, written by Frank Capon, president, Canadian Institute of Chartered Accountants, suggests that our tidy world of accounting, fenced in by defined rules and procedures, no longer plays a significant role in a world of total information needs. feels that, since Capon and does produce counting function. Total information can management forecasts on which major policy is not financial." "New communications systems decisions are based, that same in- plus the changing demands of society spell disaster for an accounting function which pays too much reverence to past performance," he says. . Ghiardi Retires As Director of DRI Research - James MILWAUKEE (ACCN) D. Ghiardi, past president of the Stale Bar of Wisconsin and professor of law at the Marquette University Law School, announced today his resignation as reseach director of the Defense Research Institute (DRI), Milwaukee, Wis. it DRI, a national and "The new complex total informations systems will replace accounting as the backbone of the planning and decision process," he concludes, "and unless we financial executives can live comfortably in the world of total future information, we have an insignificant contribution to make for human progress." legal non-prof- research educational organization concentrates upon civil law, with emphasis on tort and insurance litigation, and now numbers over 6,000 defense attorney and corporate members. Eleven years old, DRI research and educational Biologist Warns On Control Of Man's Heredity programs CHICAGO (ACCN) Although geneticists may soon be able to produce a line of identical humans, such control of heredity is potentially disastrous to mans survival, warns a University of Chicago have been under Ghiardis direction for over ten years. In making his announcement, Ghiardi added that Attorney John J. Itocher, formerly DRIs Associate Research Director, has been named by the Board of Directors to the position of acting research director. Upon submitting his resignation, Ghiardi said, My deep affection for and interest in the work of DRI continues, but I believe it is lime to turn the responsibilities for DRIs programs and publications over to new hands. It is my intent to remain active in the insurance and related tort fields, not only in fulfilling my leaching obligations at Marquette University Law School but also in consulting and editorial capacities. Besides having been Wisconsin State Bar president in 1970-7Ghiardi served on the Board of 1, Governors and the' Executive Committee of that body from 1962 to 1966. Author of numerous legal articles, he also has written a book, "Personal Injury Damages in Wisconsin," published in 1964. He has held and continues to hold editorial positions for several legal publications and periodicals . Honors Its DRI Late President, Willis Smith - MILWAUKEE (ACCN) The late of the Defense Research president Institute (DRI) and a former director wqre honored July at the at the meeting White Greenbrier, Sulphur Springs, West Virginia. Willis Smith Jr., former partner in the Raleigh, N. C., law firm of Smith, Leach, Anderson, Dorsett, Blount and Ragsdale was presented posthumously with the DRI Distinguished Service Award. The late DRI president was killed in a plane crash December 4, 1971, at the DRI 4 semi-annu- al Raleigh-Durha- m Philadelphia attorney airport. Daniel J. Ryan of La Brum and Doak was also honored with a DRI Service Award. Each was presented with the award "in recognition of his loyal, faithful and unselfish efforts to improve the administration of justice, of his support to the American system of jurisprudence, and of his contribution to improving the professional skill and expanding the knowledge of defense lawyers." A long-tim- e member of the Defense Research Institute, Smith became a DRI president in 1971 and teld the office at his death. Ryan served on various DRI committees since 1969. I FRIDAY, JULY 21, 1972 THE DAILY RECORD PAGE EIGHT - evolutionary biologist. Arnold W. Ravin bases his warning on recent findings that suggest evolution operates in a more complex way than can be accounted for by the classic model of natural selection. Under the classic model, geneticists theorize that natural selection produces an ideal genotype shared by all individuals and marred only by rare mutations. issue of Writing in the April-Ma- y The University of Chicago Magazine, Ravin says genetic research now indicates there may not be an "ideal genotype" at all, and that the observed differences between humans in their genetic makeup "may assure survival and adaptation of the species as a whole" in a changing environment. Ravin is professor of biology and in the committees on genetics, evolutionary biology, and the conceptual foundations of science. He is also research associate in the department of microbiology and master of the biological sciences collegiate division. Evidence of considerable genetic variability in man and other species is due to a large degree to work begun and being continued at the University of Chicago, according to Ravin. He specifically names three University researchers: John L. Hubby, Professor of Biology; Richard C. Lewonlin, the Louis Block Professor of Biological Sciences and Professor of Theoretical Biology; and Lynn II. Professor of Throckmorton, Biology. Although he cautions against an effort to produce a uniform genotype, Ravin believes knowledge gained in this field should be used to correct ills caused by defective genes. A particularly sensible way of proceeding, for example, seems to me to be the way in which we are dealing with married couples whose genotypes are known to incur a high probability of producing a severely defective child," he says. While still developing in the uterus, the fetus that such a couple has produced can be harmlessly examined for the presence of defective genes, he explains. "If the fetus is evidently the product of a deleterious combination of maternal and paternal genes, the option for abortion of the fetus is available and is being elected by large numbers of parents." I Broken Glass Cause of Many Safety and Legal Problems Patents Head Assails High Court Ruling - A recent HOUSTON (UPI) court decision viewing patents as monopolies threatens the nations technological progress, productivity and economy, Robert Goltschalk, head of the U.S. Patent Office, has declared. Goltschalk, speaking July 7 to the palem, trademark and copyright section of the 90lh annual Texas State Bar convention, said a recent U.S. Supreme Court decision reflects a negative attitude and philosophy toward patents. reported . going from indoors to outdoors in more than 75 per cent of the cases. Had safety glazing materials been used, all the injuries could have been limited or By Dorothea M. Brooks NEW YORK (UPI) A youngster bats a homer in a backyard ball game: the shattered window that results is a perennial theme for cartoonists. But its no laughing matter when the same youngster runs for a high one headlong into a glass patio door. More than 250,000 Americans are injured annually in their homes by broken glass in doors of all kinds. Half of them are youngsters under prevented. A Food and Drug Administration Bureau of Product Safety study of reported information from hospital emergency room records in 196 hospitals located in 33 states said: "Because of deceptive lighting and age or behavior patterns of individuals, an increasing number of 15. That statistic alone should be enough to make you take stock NOW of possible hazards from glass in people, especially children, are reported as walking or running through glass panels, resulting in hone. serious and sometimes fatal inyour There are many sliding glass juries. A study of 100,000 glass door indoors, storm doors, patio doors, with structural doors glass panels, juries, Mash said, found: 40,000 children suffered injuries glass enclosures for bathtubs and showers. Running, foiling, or even to arm and wrist. 141 deaths walking absentmindedly through a per year were atdoor glazed with ordinary glass can tributed to glass door injury. result in serious injury or death. More than 7,000 persons were Potential tragedy is preventable. hospitalized from injuries. By Leroy Pope "Free Make sure your home contains only NEW YORK (UPI) 75 per cent of all injuries ocother unbreakable or lures the that to those under 18 years of age. curred safety glass sign parking," customers into many stores and material in hazardous locations. And More than 3,000 children were restaurants, apparently is going to make sure, too, even with safety hospitalized for injuries of arm and glass, large expanses of clear glass wrist; lacerations of hands second gel scarcer, unless it is especially are marked with etching, or most frequent; lacerations of face-th- ird provided. If so, a bonanza awaits makers of decals, or some other attention-attractin- g most frequent. device. Many an unwary Information collected, ' he said, parking meters, according to President Robert Rittmaster of person has tried to walk through a indicates more injuries occur during Qunarr Corp. of Chicago, whose beautifully transparent sliding door warm weather months and apDuncan Industries Division claims it and even a bump on the head is no proximately 50 per cent of the inhas 60 per cent, of the domestic fun. juries occur in late afternoon or market. meter parking Philip Mash, vice president of early evening hours. a Glass Co., Elk Already nearly 150 U.S. colleges Medical costs for glass door injury have installed parking meters on Grove Village, 111., a company which victims come to more than $13 their campuses. Urban hospitals and pioneered the manufacture of million annually. other public institutions with laminated environmental and While the efforts of industry, parking lots or garages have found security glass, says homeowners safety authorities and legislators the meters cut down on payment generally do not realize the shocking are important, Mash said, it is costs, Rittmaster said. Airports, dangers that exist from ordinary obvious the answer now lies with the h door glass. racetracks and athletic stadiums, individual family in its own home. which have relied on the ticket and Such glass will shatter upon im"Tomorrow will be too late to of to shards cut, correct the hazard that could ruin a collecting parking pact, sending flying gate system fees, also are shifting to meters, and possibly blind, and leaving child's life today." Rittmaster said. jagged edges threatening anyone One large commercial garage cut who comes in contact its operating expenses nearly in half For years, Mash said, major glass in meters. have recognized the manufacturers by pulling Whether shopping centers, which need for a change in the safety standards of door glass. In an effort presently provide the larges amount in of free parking space left the to curtail the mounting number of will home accidents from this cause, he install country, ultimately WASHINGTON (UPI) Asking to be seen. remains meters said, a model bill was (frafted by the parking in has Nader $10 Ralph damages, ComAs of now the chance this will Consumer Safety Glazing for court federal in filed suit mittee (CSGC) a cooperative effort happen is slim, for obvious combeing "illegally bumped" petitive reasons, but parking meters of interested government, safety, allegedly Airlines flight an from Allegheny also are being installed in more and labor and glass industry leaders. Conn. to from Hartford, Washington more side streets, as well as the The model law was designed to be Aviation filed was suit The by main thoroughfares in cities of all introduced in state legislatures and which Consumer Action Project, ated and in glazing-laminUnited Slates both the of sizes, requires the use safety the and as Nader heads chairman, Europe, Rittmaster said. glass, tempered glass, "But parking meter business in wired glass, rigid plastic in Connecticut Citizen Action Group which asked Parking Meters Have Arrived, Business Feels - Globe-Amerad- single-strengt- . Nader Suit Says Airline 'Bumping' Thwarted Rally - Europe is now about where it was in the United Stales 20 years ago, which measn we can expect a faster growth of European sales in the coming decade than here at home," Rittmaster said. But his company has found an extremely lucrative new domestic exact market in vandal-proo- f, change fare boxes for gasoline stations and other small businesses to protect bus drivers and station and store attendants from holdups. "The upsurge in crime in recent years has made municipal and private sub operators and the big oil companies extremely reluctant to allow their employees to handle large amounts of cash," Rittmaster daid. "In addition, bus drivers in big cities simply no longer have lime to make change." On the highways, more and more gas stations are posting signs noting the exact amount for the purchase is required after a certain hour. Receipts from every sale are dropped into a vault Lhat the at- tendant cannot open and is bolted so firmly to the floor or walls it cannot be removed easily. There are many variations of these money receptacles suitable for (CCAG), hazardous locations. The CSGC has defined hazardous locations as any area where the glazing material is exposed to frequent physical a study conducted cooperatively by the U.S. Public Health Service and local state and health agencies. It found: Glass injury victims were initiated Translation Service On Drug Articles - A Joint Research Service different businesses, Rittmaster Publications said. serial report entitled "Translations "Weve even found a way to on Narcotics and Dangerous Drugs" combine them with the parking has been announced. It consists of translations from the meter, he said. Our newer sealed a have world money press relating to law, law parking meters cannisier which the meter collector enforcement, illicit traffic and cannot open. To empty it, he must personalities concerned with narinsert the cannisier in the funnel cotics and dangerous drugs. Acshaped mouthpiece of a portable cording to the publisher, the strong box and twist it. It cannot be material is not republished in other lifted out of the strong box until it is area or subject reports. locked again for reinsertion into the. It is issued approximately 24 meter." times parking per year. WASHINGTON (ACCN) 1 Miranda Warning Held Not Enough contact by humans, specifically: sliding glass doors, storm doors, framed or unframed glass entrance doors and adjacent fixed glazed panels that might be mistaken for dam's, bath enclosures and shower doors. Currently, Mash said, only 22 states have legislation requiring safety glazing material. The law will be submitted in the remainder of the states this year, he said. The glass accident problem, Mash said, stimulated the National Safety Council to invetigate. Their efforts $100,000 For . 10-Year-- Old - The TRENTON, N. J. (UPI) New Jersey Supreme Court ruled, July 7, that reading a child the warnings normally given to an adult by police in a criminal case does not necessarily make his confession voluntary. The case involved a Trot ton boy who was accused of killing a The youth was sent to the state home for boys for an indeterminate period, but the Supreme Court modified his detention period to a maximum of 10 years. The defendant, identified only as S. H., allegedly killed die by pushing him into a canal. When questioned by police, the Court said, "the circumstances under which the station house interrogation was conducted showed complete disregard for the wellbeing of the accused juvenile." The Court objected to the absence of the boys parents and his being "isolated in a room with a detective for a period of 90 minutes." The Court noted the warnings accorded defendants under the U.S. Supreme Courts Miranda ruling were given "S. H., but said it "was of little or no significance in the present case. Recitation of the Miranda warnings to a boy of 10, even when they are explained, is undoubtedly meaningless. Such a boy certainly lacks the capability to fully understand the meaning of his rights." t |