Repository: UIHistories Project: Board of Trustees Minutes - 1908 [PAGE 93]

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1907]

PROCEEDINGS OF THE BOARD OF TRUSTEES.

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for i n s t r u c t i o n i n finance, commerce a n d accounts, a n d asking- t h a t t h e t r u s tees r e q u e s t t h e L e g i s l a t u r e t o a p p r o p r i a t e $10,000 a y e a r for t h e establishm e n t of a n i g h t school in such subjects i n t h e city of Chicago.

I L L I N O I S SOCIETY O F C E R T I F I E D PUBLIC ACCOUNTANTS. CHICAGO, Jan. 10, 1707.

WHEREAS, The University of Illinois has established a school intended to provide for the higher education of men in the sciences of finance, commerce and accounts; and WHEREAS, The said University is desirous of extending its courses of instruction in this school to the end that that the same may be more complete and productive of more beneficial results to its students, and WHEREAS, The Illinois Society of Certified Public Accountants is fully advised of the aims, purposes and accomplishments of the said University in the school above referred to; therefore, be it Resolved, That the Illinois Society of Certified Public Accountants, in meeting assembled, heartily endorses the methods of the University of Illinois in the conduct of its said School of Commerce, Finance and Accounts, and that said society will use its best efforts to secure from the General Assembly of the State of Illinois, at its next session, an appropriation of $25,000.00 per annum for the use of said University in extending its courses of instruction on business subjects; and be is further Resolved, That the Illinois Society of Certified Public Accountants favors an additional appropriation by the General Assembly for the use of said University of $10,000.00 per annum for the establishment and maintenance of a night school of commerce,finance and accounts in the city of Chicago, tne same to be wholly under the jurisdiction and control of said University of Illinois; and be,it further Resolved, That the members of the Illinois Society of Certified Public Accountants pledge themselves to do all in their power to secure action in favor of the appropriations above stated by the various social and commercial organizations of the city of Chicago. We hereby certify that the foregoing resolutions were unanimously adopted at a meeting of the members of the Illinois Society of Certified Public Accountants, held on the 27th day of December, 1906.

EDWARD C. G O R E , President.

R. S. BUCHANAN, Secretary.

Voted that the president of the University extend to the Illinois Society of Certified Public Accountants the thanks of the University for its endorsement of the asking of funds to extend courses of instruction in business subjects, and also suggest to the society that the establishment and maintenance of a night school of commerce, finance and accountancy in the city of Chicago and asking an appropriation therefor would, in the opinion of the board, be better presented in a separate bill.

(d) A c o m m u n i c a t i o n from t h e Committee on P u b l i c Accountancy recomm e n d i n g a c h a n g e i n t h e University r e g u l a t i o n s for t h e conduct of examinations for certified public a c c o u n t a n t s , n a m e l y ; t h a t r u l e 5, p a g e 8, of said r e g u l a t i o n s be c h a n g e d b y s t r i k i n g o u t t h e w o r d " o n e ' ' i n t h e first l i n e a n d i n s e r t i n g t h e w o r d " a c c o u n t a n t " so t h a t t h e r u l e s h a l l read, " a f t e r J u l y 1, 1904, n o a c c o u n t a n t s h a l l be a p p o i n t e d a m e m b e r of t h i s b o a r d , " e t c .

Voted that such recommendation be approved. The secretary presented correspondence with regard to certain accountancy matters which by direction of President James he had had with the Attorney General.

U E B A N A , I I I . , Sept. 29, 1906.

Hon. W. H. Stead, Attorney General, Springfield, Illinois: D E A R S I R — T h e B o a r d of T r u s t e e s of t h e U n i v e r s i t y of Illinois desires y o u r i n t e r p r e t a t i o n of t w o points i n t h e a c c o u n t a n c y l a w w i t h r e g a r d t o w h i c h questions h a v e b e e n raised. Several applications h a v e b e e n m a d e t h i s y e a r u n d e r t h e w a i v e r clause (Section 3, p. 282, Sess. L. 111., 1903.) T h a t clause provides t h a t a certificate may be issued t o a n y a p p l i c a n t w i t h the. p r o p e r qualifications " w h o s h a l l h a v e h a d five successive y e a r s ' previous experience as a p u b l i c a c c o u n t a n t previous to t h e d a t e of application, w h o s h a l l a p p l y i n w r i t i n g w i t h i n one y e a r after t h e passage of t h i s act, a n d w h o shall have b e e n p r a c t i c i n g i n t h i s S t a t e as a public a c c o u n t a n t , on h i s o w n account, for a period of n o t less t h a n one y e a r prior to t h e passage of t h i s act, also t o a n y person w h o s h a l l h a v e b e e n actively

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