Much money can be lost through poorly kept accounts. Henry Ford has always stressed accurate and efficient business records, and when he acquired his railroad, the Detroit,
Toledo & Ironton, he began to introduce new principles of bookkeeping there.
When Mr. Ford took charge of the D., T. & I. its accounts were handled in 54 separate offices, including those of the superintendent, the chief engineer, the master mechanic and the storehouse keeper. Speedily all these accounts were transferred into a single office.
At a stroke, this step ended voluminous interdepartmental correspondence, duplications, special...