Business: Ripley's Reprimand

Last week the prices of some stock exchange securities, which had perhaps been inflated, receded.

Coincidently, the September issue of the Atlantic Monthly appeared with an article by Professor William Zebina Ripley of Harvard. The professor, skilled analyzer of business conditions, scolded U. S. corporations for doing business in the twilight, for concealing their affairs from the ordinary stockholders. He would have corporations make public a full and adequate report of their incomes, the con- ditions of their properties, and the state of their inventories. Many corporations will be reluctant to do this. So...

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