sympathy for our common humanity. My business dealings, ambitions and relations shall always cause me to take into consideration my highest duties as a member of society. In every position in business life, in every responsibility that comes before me, my chief thought shall be to fill that responsibility and discharge that duty so when I have ended each of them, I shall have lifted the level of human ideals and achievements a little higher than I found it. As a Rotarian it is my duty:

First: To consider my vocation worthy, and as affording me distinct opportunity to serve society.

Second: To improve myself, increase my efficiency and enlarge my service, and by so doing attest my faith in the fundamental principle of Rotary, that he profits most who serves best. Third: To realize that I am a business man and ambitious to succeed; but that I am first an ethical man, and wish no success that is not founded on the highest justice and morality. Fourth: To hold that the exchange of my goods, my service and my ideas for profit is legitimate and ethical, provided that all parties in the exchange are benefited thereby.

Fifth: To use my best endeavors to elevate the standards of the vocation in which I am engaged, and so to conduct my affairs that others in my vocation may find it wise, profitable and conducive to happiness to emulate my example.

Sixth: To conduct my business in such a manner that I may give a perfect service equal to or even better than my competitor, and when in doubt to give added service beyond the strict measure of debt or obligation.

Seventh: To understand that one of the greatest assets of a professional or of a business man is his friends, and that any advantage gained by reason of friendship is eminently ethical and proper.

Eighth: To hold that true friends demand nothing of one another, and that any abuse of the confidence of friendship for profit is foreign to the spirit of Rotary, and in violation of its Code of Ethics.

Ninth: To consider no personal success legitimate or ethical which is secured by taking unfair advantage of certain opportunities in the social order that are absolutely denied others, nor will I take advantage of opportunities to achieve material success that others will not take because of the questionable morality involved.

Tenth: To be not more obligated to a Brother Rotarian than I am to every other man in human society; because the genius of Rotary is not in its competition but in its co-operation; for provincialism can never have a place in an institution like Rotary,

and Rotarians assert that human rights are not confined to Rotary Clubs but are as deep and as broad as the race itself; and for these high purposes does Rotary exist to educate all men and all institutions.

Eleventh: Finally, believing in the universality of the Golden Rule-All things whatsoever ye would that men should do unto you, do ye even so unto them—we contend that Society best holds together when equal opportunity is accorded all men in the natural resources of this planet.

MEN'S FURNISHINGS,

WHOLESALE

NATIONAL WHOLESALE MEN'S FURNISHINGS
ASSOCIATION

Adopted June 1, 1923:

CODE OF ETHICS

SECTION 1

Rules of Conduct Governing the Relation of Members with Their

Employees

1. Members shall not advocate or aid and assist others in any movement which seeks as its object any other than square dealings with their employees.

2. Members shall interest themselves in the personal welfare of their employees and shall encourage and assist them in thrift and self-advancement, shall be sympathetic with them in trouble and give them substantial assistance if necessary.

3. Members shall hire and dismiss employees solely on the basis of ability or disability to perform the work desired, shall pay a fair wage for a fair day's work, shall study the individual and know wherever possible the individual abilities of their employees and justly promote them as opportunity offers. All promotions shall be made solely on the basis of merit.

4. Members shall instruct their employees as to the correct standards of practice in the conduct of the business so that the Code of Ethics of the National Wholesale Men's Furnishings Association be carried into effect by every employee.

SECTION 2

Rules of Conduct Governing the Member's Relations with Those From Whom He Makes Purchases

1. Members shall extend courtesy to all salesmen or representatives inquiring for business. It is thoroughly good conduct to decline to see salesmen who desire to present subjects of no interest to the member.

2. The time of salesmen shall not be needlessly wasted in having and completing interviews.

3.

Truth and honesty shall be observed in all interviews. No misleading statements shall be made to secure lower

MEN'S FURNISHINGS, WHOLESALE

prices, nor shall prices of competitive firms be shown to each other.

4. It is unethical to cancel an order placed and accepted in good faith if manufactured and delivered in accordance with the terms of sale.

5. The terms of payment governing the purchase and place of free delivery shall be fixed at the time the purchase is made and carried out to the letter. Discounts shall be taken only if payment is made within the discount time limit specified.

6. Arbitrary adjustment or settlement of differences not in accord with written or verbal agreements is unethical.

7. Members shall not seek to obtain redress in adjustment by threat to discontinue business relations.

8.

Members shall not correct errors in purchasing by rejection or non-acceptance of goods on invented falsities.

9. Members or their purchasing agents shall not accept any gratuity, commission, allowance or any indirect profit in connection with any purchases.

SECTION 3

Rules of Conduct Governing the Member's Relations with His

1.

Competitors

Members shall strive to maintain cordial and friendly relations with others in their industry.

2. Members shall practice clean and honorable competition and shall lead, where possible, to establish higher ideals of business morality.

3. Members shall not make false or disparaging statements, either written or oral, or circulate harmful rumors respecting a competitor's product, his selling prices, or his business, financial or personal standing, nor will members simulate the trademark, trade name, cartons, slogans or advertising matter of his competitors, nor shall he solicit the cancellation of, or accept orders previously placed with competitors, but shall consider an order placed with a competitor as a closed incident.

SECTION 4

Rules of Conduct Governing the Member's Relations with the Government

1. It is an improper practice to engage in any movement which is obviously contrary to law or public welfare.

2. Members shall inform themselves on the provisions

and decisions of the United States Income Tax Law, so that their annual report will comply with the law, and be found correct in all particulars by Government inspectors.

3. Members shall inform themselves concerning the laws regulating the correct marking of the materials used in their products, and shall co-operate with the proper authority in the enforcement of such existing laws.

SECTION 5

Rules of Conduct Governing the Member's Relations with His Customers

1. Members shall take advantage of no man's ignorance and shall see that employees are truthful and straightforward, and that they do not misrepresent or overcharge. Shall treat the keen and confiding buyer alike.

2. Members' salesmen shall be trained to be more than mere order takers. Their salesmen shall offer the customer suitable suggestions, learn his requirements, and then give him the benefit of his experience and advice so that he may buy wisely. 3. Customers shall not be overloaded with goods, nor shall they knowingly be permitted to select goods not suitable for their stores without a diplomatic word of caution from the sales

man.

4. There shall be one price to all.

5. Members shall not take unfair advantage of customers by profiteering in seasons of great demand, short supply, or in any other emergencies.

6. Equal service shall be given to customers whether they are large or small purchasers.

7. Misnaming of goods as regards to the materials of which they are composed, their quality, their method, or place of manufacture or origin is unethical.

8. Any wilful misrepresentation as to market conditions or supply to justify prices charged is unethical.

SECTION 6

Rules of Conduct Governing the Making and Executing of

Contracts

1. Contracts shall be made that all of the parties to

the contract are mutually benefited.

2. A contract shall be simple in offer and acceptance, sufficiently formal to be valid, with the consideration concisely