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Business Management. Training for Official, Managerial, Sales, and Executive positions. Higher Accountancy: Training for positions as Auditor, Comptroller, Certified Public Accountant, Cost Accountant, etc.

Traffic Management-Foreign and Domestic: Training for positions as Railroad and Industrial Traffic Manager, etc.

Railway Accounting and Station Management: Training for Railway Auditors, Comptrollers, Accountants, Clerks, Station Agents, Members of Railway and Public Utilities Commissions, etc.

Law: Training for Bar: LL. B. Degree.

Commercial Law: Reading, Reference, and Consultation Service for Business Men. Industrial Management Efficiency: Training for Production Managers, Department Heads and all those desiring training in the 48 factors of efficiency.

Business Letter-Writing: Training for posi tions as Correspondent, Mail Sales Director, and all Executive Letter-Writing positions. Banking and Finance: Training for executive positions in Banks and Financial Institutions, C. P. A. Coaching for Advanced Accountants: Prepares for State Board and Institute Examinations.

Modern Foremanship: Training inthedirection and handling of industrial forces-for Executives, Managers, Superintendents, Contractors, Foremen, Sub-foremen, etc.

Personnel and Employment Management: Training for Employers, Employment Managers, Executives, Industrial Engineers.

Business English: Training for Business Cor. respondents and Copy Writers.

Expert Bookkeeping: Training for position as Head Bookkeeper.

Commercial Spanish

Effective Speaking

Name...

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ANGLO-SOUTH AMERICAN
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New York Agency, 49 Broadway
Head Office, London

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When traveling in this country, provide yourself with K. N. & K. self-identifying Travel Checks. They protect you against loss and are universally honored by banks, hotels, shops, etc. When traveling in foreign countries supplement your supply of Travel Checks with a K. N. & K. Letter of Credit. The latter is for travelers who wish to carry larger sums than they care to have in Travel Checks.

You are never among strangers when you carry K. N. & K. Travel Funds. They are your introduction to K. N. & K. correspondents everywhere who are waiting to greet you and serve you.

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Booklet giving full information concerning K. N. & K. Travel Funds may be obtained from Current History Resort and Travel Bureau or from

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IN ACTION

Proceedings of the first week's plenary sessions of the Conference for Limitation of Armaments, with full text of the American proposals, addresses of delegates, and reports of committees Complete account of one of the most important international councils in history-Dramatic scenes described by eyewitnesses

[PERIOD ENDED Nov. 21, 1921]

TH

HE Conference for the Limitation of Armament assembled in the Continental Memorial Hall of the building of the National Society of Daughters of the American Revolution at Washington on the morning of Nov. 12, 1921. There was a full attendance of the delegations from the United States, Great Britain, France, Italy, Japan, China, Holland, Belgium and Portugal.

The first session, which was expected to consist only of formal addresses of welcome and interchange of civilities, provided, on the contrary, a profound dramatic interest, full of dynamic intensity such as had never been previously experienced at an international diplomatic gathering. The unprecedented clarity, definiteness and comprehensiveness of the concrete plan for naval disarmament presented to the delegates by the American Secretary of State, Charles Evans Hughes, who had just been selected as Chairman of the conference, marked a new chapter in diplomatic history and assured the ultimate success of the movement beyond the most sanguine expectations of its promoters.

The first session of the conference, so full of potentialities for good and. possibilities for evil, caused a wave of optimism to sweep over the delegates of all the nations represented. The opening scene was typically American. The manner in which the galleries took away the conduct of the

meeting from Secretary Hughes, the duly constituted Chairman of the conference, and demanded to hear first Premier Briand of France and then the heads of the other delegations, could have happened in no other capital than Washington.*

Two hours before 10:30 o'clock, the time for the opening of the session, the streets and parkways about the Memorial Hall were crowded with the curious. A sharp wintry wind failed to discourage the thousands who waited for the appearance of the notables. By 10 o'clock the steps and the lobbies of the building were filled. and fifteen minutes later the invited guests and the several hundred newspaper correspondents had taken their places.

In the big anteroom Arthur J. Balfour, head of the British delegation; Secretary Hughes, Elihu Root, Premier Briand, Jonkheer Van Karnebeek of Holland and other delegates chatted until about 10:25, when the delegates filed into the central hall and took their places about the rectangular arrangement of tables.

One side of the balcony was filled with members of the House. Senate members occupied the rear of the balcony facing the head of the confer

*The details of the proceedings of the first session were written by Mr. Edwin L. James, the chief of the Paris Bureau of THE NEW YORK TIMES and THE CURRENT HISTORY MAGAZINE.

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