Convention, Volume 55 |
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Common terms and phrases
Accounting Section Accumulated totals adding machine Allegaert amount analytical accounting analytical engine apportioned apportionment automatic Bailey balance basis capital cards cash cent central station Certificates of Deposit CHAIRMAN EDWARDS charges Chicago classes of service classification of accounts Coldwell columns Commercial construction consumers corporation cost accounting coupon-strip typewriting machine coupons daily Department depreciation distribution District Electric Light Association electric vehicle engine equipment estimate Executive Committee Frederic Nicholls Gulick Income interest Interstate Commerce Commission investment kilowatt Labor ledger liability lines listed material ment meter methods Miscellaneous month mutual insurance National Electric Light obtained operating expenses paper payments perforated plant premium printed proof sheets punched rates records SCHEDULE Sinking Fund Sinking Fund Reserves stock companies stock insurance companies Street Lighting Street Railways Surplus system of accounts tabulating machines tabulator-printer tion transmission Trial balances Uniform System various York City YORK EDISON COMPANY
Popular passages
Page 118 - It is known as a fact that the Jacquard loom is capable of weaving any design which the imagination of man may conceive. It is also the constant practice for skilled artists to be employed by manufacturers in designing patterns. These patterns are then sent to a peculiar artist, who, by means of a certain machine, punches holes in a set of pasteboard cards in such a manner that when...
Page 33 - Court, the latter had held that the net income of a corporation for dividend purposes cannot be determined until all taxes, depreciation, maintenance and up-keep expenditures have been deducted. Otherwise the dividend is not paid from the earnings but by a depreciation of the capital account.
Page 118 - One evening I was sitting in the rooms of the Analytical Society, at Cambridge, my head leaning forward on the Table in a kind of dreamy mood, with a Table of logarithms lying open before me. Another member, coming into the room, and seeing me half asleep, called out, " Well, Babbage, what are you dreaming about ?" to which I replied, " I am thinking that all these Tables (pointing to the logarithms) might be calculated by machinery.
Page 119 - There are therefore two sets of cards, the first to direct the nature of the operations to be performed — these are called operation cards: the other to direct the particular variables on which those cards are required to operate — these latter are called variable cards. Now the symbol of each variable or constant, is placed at the top of a column capable of containing any required number of digits. Under this arrangement, when any formula is required to be computed, a set of operation cards...
Page 19 - Corporate Surplus : Additions to property through income and surplus Funded debt retired through income and surplus.
Page 33 - The net income of a corporation for dividend purposes cannot be determined until all taxes, depreciation, maintenance and up-keep expenditures have been deducted. Otherwise the dividend is not paid from the earnings but by a depreciation of the capital account. To earn a dividend and be honest with itself, its stockholders, its creditors and the public it has to serve, a corporation cannot distribute earnings at the expense of its capital.
Page 119 - ... any design which the imagination of man may conceive. It is also the constant practice for skilled artists to be employed by manufacturers in designing patterns. These patterns are then sent to a peculiar artist, who, by means of a certain machine, punches holes in a set of pasteboard cards in such a manner that when those cards are placed in a Jacquard loom, it will then weave upon its produce the exact pattern designed by the artist.
Page 119 - The mill into which the quantities about to be operated upon are always brought. Every formula which the Analytical Engine can be required to compute consists of certain algebraical operations to be performed upon given letters, and of certain other modifications depending on the numerical value assigned to those letters. There are therefore two sets of cards, the first to direct the nature of the operations to be performed — these are called operation cards : the other to direct the particular...
Page 119 - Besides the sets of cards which direct the nature of the operations to be performed, and the variables or constants which are to be operated upon, there is another class of cards called number cards. These are much less general in their uses than the others, although they are necessarily of much larger size. Any number which the Analytical Engine is capable of using or of producing can, if required, be expressed by a card with certain holes in it ; thus...
Page 191 - Section. They shall have all the privileges of active members except the right to vote and to hold office.