You informed me that you considered it of first importance for every manufacturing concern to know, for a certainty, their TRUE COSTS, and wished to ascertain if, in the literature of our profession, there was not a cost system upon standard lines or principles applicable to the paper-making industry. I subsequently ascertained that there was not, according to the facilities at my command, which were unusually extensive, and suggested the procedure which was later acted upon and adopted by your Association in stated session, which was for me to visit, say, four or five mills among your membership, make brief individual surveys of each, and upon conclusion of an exhaustive study and analysis, endeavor to outline the essentials of a TRUE COST SYSTEM for wrapping-paper and specialty mills, and, if possible, suggest a plan of adaptation of periodic reports from same for systematic utilization by the Association\u27s organization, to enable it to render its very best service to its members. Accordingly, I visited the following plants: York Haven Paper Company, York Haven and Philadelphia, Pa., The Newton Falls Paper Company, Newton Falls and Watertown, N. Y., The Brownville Paper Company, Brownville, N. Y., The Newton Paper Company, Holyoke, Mass., and made a careful study and analysis of the entire business of each, especially as pertaining to: 1.â⠡¬â€�Manufacturing Conditions. 2.â⠡¬â€�Efficiency and Management. 3.â⠡¬â€�Cost and Financial Accountingâ⠡¬â€�Methods Employed. 4.â⠡¬â€�Cost Accounting Methods Possibleâ⠡¬â€�Their Relation to the Financial Books of Account
