initiating any such practices in the conduct of my business and to abstain from such practices except as compelled by competitive conditions. 9. Finally, I agree to maintain the highest standards of ethical and moral practices throughout the conduct of my business, so as to give the public the best service and reflect credit on my association and my industry. QUALITY BAKERS OF AMERICA MEMBERSHIP PLEDGE I Believe That Service is the Basis of All Human Progress: Service to the American home by supplying superior products at a reasonable price. Service to employees by furnishing good working conditions and surroundings, with an honest return for honest and efficient efforts. Service to Quality Bakers of America by upholding its high standards with retail dealers and the public. Service to the baking industry by meeting my obligations to employees, distributors, associates and the general public. Believing Fully in the Above I, Therefore, Pledge: First: That in the interest of fair prices and fair profits I will at all times keep adequate cost records and give honest information to any official or inspector entitled thereto. Second: That I will use in my products no materials or ingredients other than those of known purity and wholesome ness. Third: That I will at all times adhere to the truth in my advertising. Fourth: That my plant and business premises shall always be clean and sanitary and that the public shall be welcome to make inspection at any time. Fifth: That I will maintain the highest standards of ethical and moral practices in the conduct of my business to render the public the best service, and to reflect credit on my association and my industry. THE BISCUIT & CRACKER MANUFACTURERS Adopted 1923: CODE OF ETHICS Recognizing our responsibilities in the furtherance of public welfare and of rightful relations among men, we, members of The Biscuit and Cracker Manufacturers' Association of America, pledge ourselves 1. To use only high-grade materials and to seek by every means to enhance the purity and wholesomeness of our products. 2. To employ, at an adequate wage, workers of character and dependability, and to provide conditions favorable to their welfare, encouragement and development. 3. To maintain a high standard of cleanliness and sanitation in connection with all operations and in all buildings where food products are manufactured or stored. 4. To comply with the food laws, both state and national, and to cooperate freely with the officials charged with their enforcement. 5. To represent our products truthfully at all times; in our advertising no less than in our labeling. 6. To know accurately our costs of management, production and distribution in order that a fair price, a fair wage, and a fair profit may be assured. 7. To compete always with fairness, securing patronage on merit and without derogatory reference to a competitor or his goods. 8. To be guided by a spirit of fair dealing in our relations with our fellow members, with our customers and all others with whom we do business. 9. To cooperate, whole-heartedly and broad-mindedly, in the practice of the rules of conduct here set forth, believing that public service and the square deal mark the highway of progress in our Industry. BANKING See also under Credit, Commercial KANSAS STATE BANKERS ASSOCIATION Adopted May 1924, in the form of a national code: CODE OF ETHICS The bankers of the United States of America, sensible of their great responsibilities in the administration and conservation of the interests committed to them and conscious of the confidence reposed in them, establish and pledge themselves to maintain the following essential standards of conduct: 1. The soundness, usefulness, prosperity and future of banks depend upon the honor, integrity and fidelity of managing officers and their associates. The name "banker" must be and remain a synonym and pledge of honor. He merits condemnation who, for personal gain, subordinates and corrupts the name and uses his position to attain selfish ends, and still greater condemnation rests upon the banker who violates in any way the trust reposed in him. Communications between the banker and the customer should be privileged and information given the baker in confidence by his customers should be held inviolate. 2. It is required of everyone who engages in the business of banking that he become thoroughly familiar with the basic principles of the business. He should understand economics, commercial law, credits, the history of banking and finance, and the best banking practice. He should not assume the responsibility of managing a bank without knowing these fundamental things. He should qualify himself by proper study and by securing full information to serve efficiently his institution and the public. Ignorance of these fundamental principles and duties will not excuse anyone. 3. A banker should never accept personal profit from any of the bank's transactions with its customers. A banker should not use the cash or credit of his bank for the promotion of his own personal business enterprises or of concerns in which he is largely interested. He should only sell or recommend for investment to his customers securities of the highest character and never anything of a speculative nature or securities of any concern in which he has a personal interest or for personal profit. A banker should not charge usurious interest. 4. "A banker deals with the money and credits of his community. Its aggregate, tangible wealth in the form of money is deposited in his care as trustee. He must use it for the good of his depositors and the community as well as for the good of his stockholders." 5. While there should be a reasonable profit to shareholders, yet service to the public is the paramount justification for the existence of a bank and the greatest service which a bank can render to a community is to conduct a good, safe, sound bank, adhering to recognized principles, and thus assure the stability of the institution. Bankers and banks should be interested in the development of the legitimate enterprises of their respective communities and know that what is best for the customer is best for the bank. Being entrusted with the cash and credits of the community involves a deep responsibility as to their proper use. 6. A banker should not "accept a deposit until the prospective depositor's character and credit have been carefully considered. A banker should not receive deposits from known violators of the law or loan money to law violators, and the banker who regards the collateral as of more value than the character of the man who owns the collateral is helping to break down the moral tone of his community." 7. Strict conformity to law and obedience to the regulations prescribed by public authorities charged with bank supervision, as well as good citizenship, are required of all bankers. A banker should ever have a high regard for law and maintain the highest standard of good citizenship. 8. The cultural and refining quality of friendliness is an essential part of the moral equipment of a banker. 9. Comradeship, the spirit of cooperation which actuates a banker to associate with his fellow bankers in social and business relations and organizations, is a grace which becomes the banker, adds to the satisfaction of business life and to the esteem in which he is held by other bankers, contributes to his success in business and extends the circle of his influence. The banker errs who claims for himself a monopoly of the business in his community. Competition is legitimate and, within due bounds, helpful and should be recognized and welcomed. A good banker will always refrain from speaking ill of his competitors. 10. The banker should be tolerant and considerate of the opinions and feelings of his fellow bankers, according to them all the rights and privileges which he claims for himself, and with |