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Feb ruary 5, 1926 WILM E TTE LIF B 15 is a marvel of mechanical accuracy and craftsmanship. The saf , ~ty boxes are so cleverly equipped with locking devices that it is impossible for any one but the rig-htful party or his known represe-ntative to gain entrance. Following the visit to the safety vaults the party was conducted on a trip through the main floor or the bank and then .to a private council room on an upper floor where a delicious luncheon, consisting of chi~kC:tl and <' Pn m <'heese sandwiches, applepie a-la-mode and milk was served to the whole party. :\fr. f-;tnllwood, vice-pr·esident of the bank, then explained briefly the gre.tt scope of work which the Northern Trust C'ompany performs in its various departments, reaching into many foreig·n countri s as well as locally. ,\ft"t "11is intf'I'P!'ting- and instructive talk, ~[r. Phelps addressed the group, relating some of hfs very interesting and U' lli<.;U:tl t>xperit'n<'es in connection with his work in the safety deposit departmt-nt. He pointed to the imJHll·tarH't· of p!'~· chology in explaining JH·ople's strang-t> behaviors in caring ror. or·. ratht>r· not caring for their Yaluahlt>s. y .1 1 STUDENTS SEE TRADE t') ('- a d, ~e ~ ~- r, I~ ly s. 1\ . lt· l · small bag represents a car and serve s as the basis for selling or buying the carload of grain . The party was t h en conducted to the moisture-testing 1ahoratory where the chemists explained how and whv the tests had to Commercial Pupils at New Trier be made. The finat" stage of the trip Are Guests at Board of to the Board of Trade was a visit to Trade and Bank the model grain elevator and standard weight department. By ONLOOKER Visit Clearing House Through the instrumentality anll The next sto11 wa:s at tlH· <·hicag-o courtesy of Edward J. Phelps, former Clearing- House, that rather vag·ue but "d l f extraordinary important iustitution 1 prc~1 rnt anc now a mem.>er O New which r·nahl··s almost all the banks in Trier Town~hip school hoard. and al"o thP Chkag-o district to settle their through the kindness of Leslie F. claims ag-ainst ach other for checks ~ 'd f I I d which they have honored. The entire ,,ates, present pres! ent O t le )Oar · procP<lun: hapJH: ns within a very f<:-w a splendid field trip for students of minut(: ~ and in such a ceremoniously, :\e\v Trier "Township High school was orch·rly way that tht· tremendous imconducted recently, to the Chicago portancl· of it:-; work is greatly 'f l Cl. Cl . <lwarfti·ll. It i:-: ·' xplnineu that the BuanI o f ra( e, ltcago earmg id· ·a of su<'h an institution originated Hou se and the N"orthern Trust Safety iar ha c k in th· · banking history of Deposit companY. . Lorulo11, whf' ll bank messengers Tl , t 'p ·as· c Hluct I b H , vhann ·d to nwet in a I,..on<lon coff~>t> 0~ H. r~ \\ e( , Y ar_r~ 1 hous1 · and sf'ttl'"(l th ir mutual ohHerron. mqructor tn the Commerctal lig; ation~ . Tt w :t!' hard tr, rr ·:rliz··. as department. The party con ~ i-;ted of 41 ~- - - per..;on s. about half of whom wrre seh'cted front tho-,e in the c·o mmercial cia -,ses whose scholarship averages ar ;' uffirirntly high to permit their beingalhent from other course". the other bali being 111('lllher" oi Ik Forre-.;t \\.altnn\ erotwmic cla:-~. Marvel at " P it " Through the kindnn.._ oi ~f r. Gate->. iormer presid('nt of tht· Chicago Boani ' (li Trade. th(' party wa:- conducted to · the visitors' bakony O\·erlooking the \\ hl.'at pit whne the brokers carry on ' their trading in wheat iur future deli,·ery. It i-; the great speculative market. and promptly at the stroke of c ; :30 a. m .. a great gong i~ sounded and pandemonium break-, loose . However, 1 the apparent bedlam i~ only a grea· auction plac(' where contrach to buy ' cllld sell wheat by the thousands of hu,hels are made literally at the snap : f a t1nger. :\fter the \·iewing of the pits for .1. hrid time the party n·ry rl·luctantl~ !t-it tht fascinating scene and the guide , ·ok tht·m to the ~ampling rooms. Hert' th~..·y . . aw an infinite number of . mall paper bag.... of grain - wheat. oar.... harley. etc. which the guide said ha ~ l ht'l'n taken irom the car~ as theY came 1 into the Chicago freight yard-,.' Eacl1 AND BANKING PLACES t he s tudent par ty sat ~:m the visitors' _platform, that $118,000,000 worth of money, as represented by the checks, was before them. It was also difficult to visualize that such an enormous amount represented but a single day's transaction in Chicago and that there is $80,000,000 more which clears through banks which are not members of the Clearing House. At T h e ~o rtb t" r n T ru Ht I I I :\lr. Fhelps, pr<'sident of the Northern Trust Rafety Deposit Company pen;onally welcomed the visitors to this institution. The School owes :\lr. Phelps a great <lt>bt of gratitude, for it was through his instrumentalit\· that l\1r. Herron was ahle to gain ntrance to tlw Ch' aring House. Mr. Phelps also gav,, g-n·atly of his time in conducting the party through the safety vaultq and tn 1·xplaining in rlE.'tail the intricate saf··g-uanl~ which are thrown about tlw Yault~ ag-ainst fire, flood, rnbho!ry, 1 t·ntraneP 1)\· tunnelling und e o·, injun· 1 (l111· to st·ttiing- of the '":alls .Hhl nnally 1 against tht- <:·ustomt-rs' own c.tr,.l,...ss1 r~t · ss. A most inter sting- feature was i th·· ~r··at 2:!-ton (loor to the Yault 1 which <"an only bf' opened nnd r·r 'th~ olut··l~· prop· ·r t·otHlitions. Tno· ·loor I I at Orrington Ave. & Church St., Evanston Pearl Sale Now in Progress 2.0 % DISCOUNT Afternoon and Street Pumps, Evening Slippers and Sports Shoes ~ regular josterproduhions'->from $12.50 to $18. On All Pearls The Pearl Tht· tJJhtlrpa~ .... able beauty oi ,,·ell 111atched pearls make them the ideal ornament. Everv woman \\·ho O\\ ns a Pearl ~eck~lace values it not onh· as an article of adornment, but as her mo. t cherished trea~urc. In our :o~tock there are manv strings ' of beautiful, perfectl~· matched pearl. ranging in price from one hundred dollars to manv thou:-'a nd~. Start a string an(l add a ie,,· pearl" from time to time. Other Groups at $11.75 and $12.75 ~ ~ductions on All Sh«J Ch·a rles E. Grav·es & Company Jewelers and Si lversmith. ~JADISON 'Tht Fosttr S hool Sh~ $4.65 and $5.15 Foster Sh«s for Growing Girls _,. $6.75 'Tht Foster "&rvi« Stocking"__.. No. 5000v'> 3 pairs $4·41 Foster Chiffon Hosiery _,. No. 5o-z3 ~ 3 pairs $4.95 v'> · ALL BUCICLBS AT SUBSTANTIAL REDUCTIONS AN D \VAB ASH Establ is h ed 1857