Show kids tell how they have won success in industry business men learn secret of success from boys new york the nations real acreal little business men rece recently fitly held a convention here to discuss the business situation representatives of 50 corporations all organized operated arid and managed by boys and girls from sixteen tb twenty one years were in attendance at the seventh an annual nual boy and girl business convention because many of them are in sc school hool or in jobs the meeting was held at night seven hundred and fifty joint owners and employees were present to hear discussions of business conditions in more than a score of manufacturing fac turing fields in which they are engaged the featured speaker was charles R hook president of the national association of manufacturers rs and the american rolling az 4 11 1 1 1 a charles R look mill company who talked about business economic and industrial matters with the other corporation heads and because they are kids first and young business men second they also listened to larry ke kelly lly former all american end and captain of the yale football team learn business and now how these littlest little business men are the operators of companies comprising the metropolitan junior achievement inc a nonprofit organization founded in 1930 to enable boys and girls to learn the principles of business by actually operating companies themselves there are some companies throughout the united states to those companies not represented at the new york convention the proceedings were carried in a nationwide nation wide broadcast by the national broadcasting company no playthings are the junior achievement companies according to joseph francomb Fran como treasurer of the ornamental gift shop of brooklyn bro 0 k each company is required to operate on business principles and must show a profit that is he said there must be a profit after paying for raw materials wages rent light li 9 ht sales expense and other charges including allowance for depreciation pre cia tion francomb Fran como who is twenty one and who has been with wi th the ornamental gift shop for se seven ven years was chairman of the convention does ile he know now how ben n barry twenty enty one president of the oddity shop of flushing long island which works in leather wood metals and several other media told the little business men and women something about making a business pay and he should know what he is talking about for the oddity shop has paid its stockholders a 20 per cent dividend each year since it was organized in 1930 in addition it paid a bonus to its young employees in each of three years and built up a reserve of over and above the original capital of 50 the 50 cent par value shares now have a book value of but you need not try to buy any for there is none on the market |