FREE BOOKS

Author's List




PREV.   NEXT  
|<   11   12   13   14   15   16   17   18   19   20   21   22   23   24   25   26   27   28   29   30   31   32   33   34   35  
36   37   38   39   40   41   42   43   44   45   46   47   48   49   50   51   52   53   54   55   56   57   58   59   60   >>   >|  
effort has been made to formulate a code of professional ethics which would help to right decisions those who cannot reach them unaided. Standing in the presence of so many of those who have dignified the profession of engineering, I should hesitate to express my views on this subject did I not believe that many earnest and right-minded young men in our active and associate membership will be glad to know what rules of conduct govern those whose example they would willingly follow, and how one not a practicing engineer, but with good opportunities of observation and judgment, would characterize practices which have been to some extent sanctioned by custom. To those who have yet to win the gilded spurs of professional knighthood, but who cherish a high and honorable ambition, my suggestions are chiefly addressed. An ever present stumbling block in the path of the young engineer is what is lightly spoken of as the "customary commission"--a percentage paid him on the price of machinery and supplies purchased or recommended by him. That manufacturers expect to pay commissions to engineers who are instrumental in effecting the sale of their products is a striking proof that the standards of business morality are quite as low as I have assumed them to be; that engineers do not unite in indignant protest against the custom, and denounce as bribe-givers and bribe-takers those who thus exchange services, shows that the iron has entered the souls of many who may be disposed to resent such plain terms as those in which I decree it my duty to describe transactions of this kind. The young man who is tendered a commission will naturally ask himself whether he can accept and retain it, and may, perhaps, reason somewhat in this way: "My professional advice was given without expectation of personal profit other than that earned in my fee, and it expressed my best judgment. The price at which the goods were purchased was that which every consumer must pay, and was not increased for my advantage. The transaction was satisfactory to buyer and seller, and was concluded when payment was made. I am now tendered a commission which I am at liberty to accept or to decline. If I decline it, I lose something, my client gains nothing, and the remaining profit to the seller is greater than he expected by that amount. If I accept it, I do my client no wrong. If it is the custom of manufacturers to pay commissions, it must be the custom of engine
PREV.   NEXT  
|<   11   12   13   14   15   16   17   18   19   20   21   22   23   24   25   26   27   28   29   30   31   32   33   34   35  
36   37   38   39   40   41   42   43   44   45   46   47   48   49   50   51   52   53   54   55   56   57   58   59   60   >>   >|  



Top keywords:

custom

 

commission

 

professional

 

accept

 

purchased

 

engineer

 
judgment
 

seller

 

client

 

decline


profit
 

commissions

 

manufacturers

 

engineers

 

tendered

 

unaided

 

naturally

 

reason

 
retain
 

transactions


Standing

 
services
 

entered

 

exchange

 

givers

 
takers
 

presence

 
decree
 

advice

 

disposed


resent

 

describe

 

liberty

 

payment

 

formulate

 

concluded

 

effort

 
engine
 

amount

 

expected


remaining
 
greater
 

satisfactory

 
transaction
 
earned
 
expressed
 

personal

 

denounce

 

expectation

 

ethics