14. Resolved, That these resolutions, in so far as practicable, become effective at once; except, that where any change in an existing edition of a book, or set of books may be required, these resolutions apply to all future editions or printings. THE ASSOCIATED BUSINESS PAPERS Adopted Sep. 8, 1915, as requirement for membership: THE STANDARDS OF PRACTICE OF BUSINESS PAPERS The publisher of a business paper should dedicate his best efforts to the cause of Business and Social Service, and to this end should pledge himself: 1. To consider, first, the interests of the subscriber. all departments. 3. To eliminate, in so far as possible, his personal opinions from his news columns, but to be a leader of thought in his editorial columns, and to make his criticisms constructive. 4. To refuse to publish "puffs," free reading notices or paid "write-ups"; to keep his reading columns independent of advertising considerations, and to measure all news by this standard: "Is it real news?" 5. To decline any advertisement which has a tendency to mislead or which does not conform to business integrity. 6. To solicit subscriptions and advertising solely upon the merits of the publication. 7. To supply advertisers with full information regarding character and extent of circulation, including detailed circulation statements, subject to proper and authentic verification. 8. To co-operate with all organizations and individuals engaged in creative advertising work. 9. To avoid unfair competition. 10. To determine what is the highest and largest function of the field which he serves, and then to strive in every legitimate way to promote that function. PURCHASING NATIONAL ASSOCIATION OF PURCHASING AGENTS Adopted June 1922: RECOMMENDED STANDARDS Loyalty to his company; Justice to those with whom he deals; Faith in his profession; From these principles are derived the standards of purchasing practice adopted and observed by the members of the National Association of Purchasing Agents. 1-To consider, first, the interests of his company in all business transactions and to carry out and believe in its established policies. 2-To be receptive to competent counsel from his colleagues and to be guided by such counsel without impairing the dignity and responsibility of his office. 3-To buy without prejudice, seeking to obtain the maximum ultimate value for each dollar of expenditure. 4-To strive consistently for knowledge of the materials and processes of manufacture, and to establish practical methods for the conduct of his office. 5-To subscribe to and work for honesty and truth in buying and selling, and to denounce all forms and manifestations of commercial bribery. 6-To accord a prompt and courteous reception, so far as conditions will permit, to all who call on a legitimate business mission. 7-To respect his obligations and to require that obligations to him and to his concern be respected, consistent with good business practice. 8 To avoid sharp practice. 9-To counsel and assist fellow purchasing agents in the performance of their duties, whenever occasion permits. 10-To co-operate with all organizations and individuals engaged in activities designed to enhance the development and standing of industrial purchasing. RAILWAYS, ELECTRIC AMERICAN ELECTRIC RAILWAY ASSOCIATION CODE OF PRINCIPLES First. The first obligation of public utilities engaged in transportation is service to the public. The first essential of service is safety. Quality of service must primarily depend upon the money received in fares. For this reason it is necessary that the rate of fare should be sufficient to permit the companies to meet the reasonable demands of patrons and to yield a fair return on a fair capitalization. Second. Regulated private ownership and operation of electric railways is more conducive to good service and the public welfare than government ownership and operation because the latter are incompatible with administrative initiative, economy and efficiency, and with the proper development of cities through the extension of transportation lines. The interests of the public are fully protected by the authority given to regulatory bodies. Third. In the interest of the public and good service local transportation should be a monopoly and should be subject to regulation and protection by the State rather than by local authorities. Fourth. Short-term franchises are detrimental to civic welfare and growth because they ultimately check the extension of facilities and discourage good service. Fifth. In order to render good service, electric railways must be allowed to earn a fair return on a fair capitalization, and the foundation for this result will be obtained, if the issuance and sale of securities representing such fair capitalization shall be legally authorized on such terms as will produce the requisite funds. Sixth. Securities which have been issued in accordance with the law as it has been interpreted in the past should be valid obligations on which an electric railway is entitled to a fair return. Seventh. The relation of adequate wages to efficient operation should always be recognized, but electric railways, being public servants regulated by public authorities, should be protected against excessive demands of labor and strikes. Eighth. The principle of ownership of securities of local companies by centralized holding companies is economically sound for the reason that the securities of the latter have protection against the varying business conditions of a single locality or company and because money for construction and improvements can thus be more readily obtained. Ninth. In the appraisal of an electric railway for the purpose of determining reasonable rates, all methods of valuation. should have due consideration. Tenth. Full and frank publicity should be the policy of all transportation companies to the end that proper information may be available to the investor and the public. REAL ESTATE NATIONAL ASSOCIATION OF REAL ESTATE BOARDS Adopted June 6, 1924: CODE OF ETHICS Under all is the land. Upon its wise utilization and widely allocated ownership depend the survival and growth of free institutions and of our civilization. The Realtor is the instrumentality through which the land resource of the nation. reaches its highest use and through which land ownership attains its widest distribution. He is a creator of homes, a builder of cities, a developer of industries and productive farms. Such functions impose obligations beyond those of ordinary commerce; they impose grave social responsibility and a patriotic duty to which the Realtor should dedicate himself, and for which he should be diligent in preparing himself. The Realtor, therefore, is zealous to maintain and improve the standards of his calling and shares with his fellow-Realtors a common responsibility for its integrity and honor. In the interpretation of his obligations, he can take no safer guide than that which has been handed down through twenty centuries, embodied in the Golden Rule: "Whatsoever ye would that men should do unto you, do ye also unto them." Accepting this standard as his own, every Realtor pledges himself to observe its spirit in all his dealings and to conduct his business in accordance with the following Code of Ethics, adopted by the National Association of Real Estate Boards: Part I. Professional Relations Article 1. In the best interest of society, of his associates, and of his own business, the Realtor should be loyal to the real estate board of his community and active in its work; and he should willingly share with his fellow-members the lessons of his experience. Article 2. The Realtor should so conduct his business as to avoid controversies with his fellow-Realtors; but in the event of a controversy between Realtors who are members of the same real estate board, such controversy should be submitted for arbitration in accordance with the regulations of their board and not to a suit at law, and the decision in such arbitrations should be accepted as final and binding. |