The Modern Trust Company Its Functions And Organization

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The following arrangement has been found a satisfactory one, and admits of modification to suit the details of each business : General Officers. This item includes all officers whose services are not devoted to a single department. Not only salaries, but all expenses incurred on their account are included.
Directors. Fees paid directors for board and committee meet- ings, examinations of assets, and expenses on their account are re- corded under this head.
Legal Expenses. Covers general legal e
...xpenses only, such as retainers paid counsel, and costs not chargeable to a separate depart- ment.
Telephone. Large companies have private branch exchanges and employ one or more telephone operators. Rentals, calls not chargeable to a particular department, and wages are included.
Advertising. Newspaper and all other forms of advertising are shown here.
Messengers and Watchmen. Wages, uniforms, and all other charges are included.
Lighting and Heating. Covers wages of engineers, electricians, and firemen, coal, gas, electricity, etc.


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