cheme of
interchangeable business, little less real in its operations and results
than the more tangible and obtrusive activity which the world recognizes
as business.

The work of the transportation office corresponds with that of the post
office in its simulation of reality. The alleged articles handled are
represented by packages bearing all the characteristic marks of freight
and express packages. They are sent by mail to the transportation
company, and by this agency delivered to the proper parties, from whom
the charges are collected in due form, and the requisite vouchers
passed. Whatever is necessary in the way of manipulation to secure the
record on either hand is done, and, so far as the clerical duties are
concerned, there is no difference between handling pieces of paper which
represent merchandise and handling the real article.

In the bank is employed a regular working force, such as may be found in
any bank, consisting of a collector or runner, a discount clerk, a
deposit bookkeeper, a general bookkeeper, and a cashier. The books are
of the regular form, and the work is divided as in most banks of medium
size, and the business that is presented differs in no important
particular from that which comes to ordinary banks. After getting a fair
knowledge of theory, the student is placed in this bank. He begins in
the lowest place, and works up gradually to the highest, remaining long
enough in each position to acquaint himself with its duties. He is made
familiar with the form and purpose of all kinds of business paper, and
the rules which govern a bank's dealings with its customers. He gets a
practical knowledge of the law of indorsement and of negotiability
generally, and is called upon to decide important questions which arise
between the bank and its dealers. Wherever he finds himself at fault he
has access to a teacher whose duty it is to give the information for
which he asks, and who is competent to do it.

Throughout the whole of this course of study and practice the students
are treated like men and are expected to behave like men.

The college thus becomes a self-regulating community, in which the
students learn not only to govern themselves, but to direct and control
others. As one is advanced in position his responsibilities are
increased. He is first a merchant or agent, directing his own work;
next, a sub-manager, and finally manager in a general office or the
bank, with clerks subject to his