All business organizations, whether they employ
a librarian or not, have need of some reference books
for general information as well as for special information
along the lines of their individual work. If a
librarian is not employed the reference books are
not so valuable as they might be, because there is
generally no one at hand so skilled in manipulating
their indexes and contents, that the exact information
required is immediately forthcoming; for it is in
the field of reference books particularly that the
business librarian acts as "Open Sesame" to the
business man. The ability to find information is a
matter of training; it does not suffice merely to possess
books or to be told of existing resources. This
truth was stated in a homely fashion some time ago
by a practical engineering journal, which said:
"Books are just as much engineering tools as wrenches,
hammers, or cold chisels, and it takes practice to successfully
manipulate them. We have all probably laughed at the novice's
first attempt to use a monkey wrench, a can can be
just as clumsy with the books that he consults to assist him
in solving his problems. Just as it took considerable time to
acquire skill in handling tools about the plant, it also takes
a lot of time to acquire the knack of getting information out
of books," or to state the case in the words of the founder
of the famous Poole's index system, "The facile proficiency in
the use of books does not come by intuition."
It is the purpose of this chapter to make some
practical comments on the best reference books for
business libraries, from which each individual business
library can make a selection according to its
special needs.
The list aims to include only such reference
books as have been found to be of actual use, and to
exclude all references to books which although excellent
in their lines, have no place in the work of
the business library, and no further apology will be
made for their omission.
No attempt is made to describe bibliographically
the books listed. This has been well done for most
of them in Kroeger's Guide to the Study of Reference
Books, third edition, published by the American
Library Association, 78 East Washington Street,
Chicago, 1917, price $2.50. The few business men
who have time to give to the detailed study of reference
books will find this guide an authoritative treatise
on the subject, and on file at the Public Library.
Another useful aid in the selection of books for business
libraries, both reference books and books on
general business subjects, is entitled 2400 Business
Books, third edition, issued by the H. W. Wilson
Company, New York City, 1920, price $5.00. This
volume is very useful in showing what literature is
in print on various business subjects, but as the
entries are not annotated it is not a guide to the
relative value of the books listed.
Three excellent lists of worth while books on
business subjects are A Select List of Books for
Business Libraries, by Paul H. Nystrom in "National
Efficiency Quarterly," May, 1918, A White List of
Business Books, by John Cotton Dana, printed serially
in "The Nation's Business," November, 1917-July,
1919, and Five Hundred Business Books published
by American Library Association 1919.
Some publishers of business books whose catalogs
may be had for the asking are as follows:
D. Appleton & Company, New York City.
Macmillan Company, New York City.
Harvard University Press, Cambridge, Mass.
Ronald Press, New York City.
A. W. Shaw Company, Chicago, Ill.
Two bibliographies on financial and economic
subjects of value to business men are The Stock
Exchange Business and Corporation Finance and Investment,
published by The Investment Bankers Association
of America, 111 West Monroe Street, Chicago,
price $1.10 each.
In selecting reference books for a business library
it is wise to keep in mind the following facts. It does
not necessarily follow that because a book is printed
on a subject it is therefore authoritative and worth
while purchasing. Examine and test the credentials
for worthiness of every reference book carefully. Even
the best reference books fall down at some point and
must be used with judgment. No matter how excellent
a reference book appears to be in its accuracy
and completeness, remember it is of no value to
the business library unless that library has particular
use for it. It is almost as serious a fault in
a business library to have more books than are
needed as it is to have too few books to meet the
needs. A good purchasing rule to follow, is to buy
only after it has been clearly demonstrated that the
library has no book which will give certain information
desired, for it has been found that a few well
selected reference books will answer a multitude of
questions, and some of the business libraries doing
the best work have comparatively few working tools
of this class. It must be remembered also that it
is not sufficient to buy a copy of an annual publication
once, but that the latest edition must be purchased
each year in order that the information may
be kept strictly up to date.
The first and foremost reference book which a
business office needs is an English dictionary, for
the men who dictate and the stenographers who
write reports and letters must have an authoritative
source to which they can turn for definitions, spelling,
synonyms, hyphenation and pronunciation.
The two best single volume dictionaries, costing
about sixteen dollars each, are the latest editions of
the Standard Dictionary, published by Funk and
Wagnalls, and Webster's New International Dictionary,
published by Merriam. Of these two dictionaries
the preference of many scholars is for Webster,
although the Standard is considered most excellent
on present day words and their meanings. One of
the drawbacks in using Webster hurriedly is the
divided page. In the upper part of the page the
main words of the language are given, and in the
lower part in smaller type are given the minor words,
foreign phrases and abbreviations.
In an office which prepares a great deal of advertising
material, or "copy" for publication, a thesaurus
dictionary will be very useful. March's Thesaurus
Dictionary of the English Language, Philadelphia
Historical Publishing Company, "designed to
suggest immediately any desired word to express
exactly a given idea; a dictionary of synonyms, antonyms,
idioms, foreign phrases, pronunciation, a
copious correlation of words," may be purchased for
$15.00, if an elaborate dictionary of this kind is to
be desired. Roget's Thesaurus of English Words and
Phrases may be purchased in several editions, prices
$1.25 up to $2.00.
The business library will do well to provide a
few books on business English, punctuation, capitalization,
abbreviations and correspondence forms,
a few of which are the following:
Vizetelly Desk Book of Errors in English, New York,
Funk & Wagnalls, $1.00.
Putnam's Correspondence Handbook, New York, Putnam,
$1.75.
Lewis Business English, Chicago, LaSalle Extension
University, $1.40.
Manley & Powell Manual for Writers, University of
Chicago Press, $1.25.
University of Chicago Manual of Style, University of
Chicago Press, $1.50.
United States Public Printer Style Book, a compilation
of rules governing executive, congressional and departmental
printing, Washington, Superintendent of
Documents, $0.15.
If a business library finds it needs any foreign
language dictionaries, possibly French and Spanish,
bilingual ones can be obtained in one volume editions
from any first class book dealer at a cost of not more
than $3.00 a volume.
The new edition of the Century Dictionary and
Cyclopedia is a luxury for a business organization
and need not be considered in this list, but the business
library must have a general encyclopedia, and
the best one for the American business office is
without doubt the New International Encyclopedia,
published by Dodd, Mead and Company in 23 volumes,
latest edition 1916. Price bound in library
buckram, $7.50 per volume.
Its advantages for business use over the new
edition of the much recently advertised Encyclopedia
Britannica, are that the point of view of the
articles covers American needs better, that all information
is alphabeted under the most specific subject
word, so that no index volume has to be consulted
as is the case in using the Britannica, and that there
are ample "see" references, if the subject looked up
is entered under a different terminology.
In regard to its authority, comprehensiveness,
illustrations, maps and bibliographical references at
the end of the articles, the New International ranks
in the first class of encyclopedia productions. It can
be purchased printed on the much exploited India
paper if the saving of shelf space means more to the
business office than does the rapid turning of leaves.
The India paper leaves are apt to stick together and
also crumple easily. The most desirable binding is
library buckram rather than flexible leather, which
some business libraries have been unwise enough to
purchase. Dodd, Mead and Company also issue an
excellent annual encyclopedia entitled the New International
Year Book, as a supplement to the New
International Encyclopedia, which brings the Encyclopedia
down to date at a cost of $6.50 per volume.
The World Almanac and Encyclopedia, published
for the New York World both in cloth and paper
binding at 50 and 35 cents per volume, is an invaluable
addition to the business library, no matter how
well supplied it may be with pretentious encyclopedias.
It is strong on statistics of all kinds which
are brought down to date and contains a wide range
of miscellaneous information which cannot be found
readily in more expensive handbooks. It has an excellent
index and is generally the best book to consult
in a hurry in answering the many miscellaneous
questions which arise in a business office. It has
been estimated that it will answer 25% of the
questions which come up in every day business experience.
Lippincott's New Gazetteer of the World, a geographical
dictionary, Philadelphia, Lippincott, 1906,
price $10.00, is useful but much out of date in its
statistics.
The United States Bureau of Foreign and Domestic
Commerce publishes each year the Statistical
Abstract of the United States at 50 cents per volume,
paper binding, or it may be had in cloth. This abstract
gives tabulated statistics covering a number
of years on the natural resources and various economic
activities of the United States. This Bureau
also publishes annually a valuable volume of statistics
entitled Foreign Commerce and Navigation of
the United States, which gives statistics of imports
and exports of different classes of merchandise with
rates of duty, quantities and value.
For commercial, political and statistical information
about foreign countries the Statesman's
Year Book, a British publication issued annually by
Macmillan, at $7.50 per volume, is a valuable addition
to any business library. It also gives a list of
the best books on each country and its most important
government publications, and includes a list of
books relating to the war and a diary of its principal
events. Maps of the different countries are also
included.
The American Newspaper Annual, a directory
published by Ayer and Son, Philadelphia, price
$10.00, gives a list of all newspapers and periodicals
published in the United States and territories, Canada,
Cuba, West Indies, arranged by states and cities,
with maps of the states and information about the
industries and institutions of each city. It gives the
population of cities and towns of the United States
and Canada whose population is over 3,000. It lists
all publications in foreign languages printed in different
states of the United States and also gives
a list of trade papers for certain industries. A mid-year
supplement is free to subscribers.
Rand McNally's Commercial Atlas of America,
published annually, price $35.00, is the best atlas of
its kind on the market for a business office. The
maps are indexed, and information on population,
express offices, United States money order stations
and the railroads of each town and city are given.
This atlas has maps of the largest cities. Steamship
and interurban lines are also shown.
Another valuable guide is the Official Hotel Red
Book and Directory of the United States, Canada,
Mexico, Cuba, Hawaii, West Indies and South American
cities, published annually by the Official Hotel
Red Book and Directory Company, New York City,
price $6.00. This guide lists hotels under cities with
brief notes on accommodations and rates.
Another similar guide is American Travel and
Hotel Directory, published annually by Harold W.
Phillips, 1133 Broadway, New York City, at $5.00
per volume.
The Official Guide of the Railways and Steam
Navigation Lines of the United States, Porto Rico,
Canada, Mexico, Cuba, also time tables of railroads
in Central America, is published monthly by the
National Railway Publication Company, New York
City, $14.00 per year. It gives the current time
tables in effect and the maps of the various railroads
with indexes of their stations, and a general alphabetical
index of all railway stations in the United
States, Canada, Mexico, showing on what railroads
a given place is located, with a similar index for
points reached by water routes.
United States Official Post Office Guide, issued
annually with eleven monthly supplements at $1.00
per year, gives information about mail rates and post
office rulings, and also gives a complete list of the
post offices in the United States.
The business library will find it helpful to obtain
a single volume published by the Census Bureau
entitled Abstract of the Thirteenth Census of the
United States, 1910, which may be procured from
the Superintendent of Documents, Washington, D. C.,
at the cost of $1.00. This abstract gives in condensed
form with explanatory text, statistics to be
found in the eleven volumes report of the 1910 census
covering population, agriculture, manufactures
and mining of the United States as a whole, individual
states and principal cities. This abstract volume
is issued in special editions for each state of the
United States, which give special statistics pertaining
to that state.
In regard to population figures, it is probably
not generally known that the Census Bureau has
issued bulletins giving estimates of the population of
cities for each year subsequent to 1910, so that population
figures for 1910 need not be considered as
the latest official figures available. The 1920 census
is being compiled as this volume goes to press.
The reference collection of a business library
must be strong in books which will serve as directories
of persons and industries, in order to answer
questions on "who is who" and "where and what"
are certain business organizations. The important
point for consideration in selecting directories for a
business library is that they must be not only accurate
but as nearly up-to-date as possible, to be of
real value.
Who's Who in America, a biographical dictionary
of notable living men and women of the United
States, giving brief biographical data and addresses
of over twenty thousand Americans prominent in
business and public affairs, professional life, or as
authors, published biennially by A. N. Marquis and
Company, Chicago, $7.50 per volume.
There are also similar brief biographical dictionaries
published for certain states and cities which
will be well known to the public libraries in those
particular localities, and which will not be listed here
as they are not of general interest to all localities;
for example, The Book of Chicagoans, Who's Who in
New England, Directory of Directors in the City of
New York.
Every business library will need the latest edition
of the Congressional Directory, as all business
firms have at some time correspondence with, or
need information on, congressmen, committees, departments
and bureaus of the Government, also
diplomatic and consular service. This volume may
be purchased from the Superintendent of Documents,
Washington, D. C., for 60 cents, in cloth
binding.
The membership lists of national organizations
representing different professions and industries are
also very valuable, such as the membership of the
American Society of Mechanical Engineers, American
Society of Civil Engineers, and other associations
devoted to business interests as well as to professional
work. The city directory and telephone
list of any community must not be forgotten as helpful
reference aids, also state gazetteers, and the collection
of directories of various cities to be found at
the public library will be found most useful.
G. P. Putnam Sons, New York City, publish a
handbook called Directory of Mailing Lists, Obtainable
in Book or Pamphlet Form, price $2.50, which
tells where printed mailing lists of certain industries
or classes of people may be obtained free or at a
reasonable price.
Public Affairs Information Service, a weekly or
bi-monthly cumulated service, according to the needs
of subscribers, and cumulating in an annual volume,
published by the H. W. Wilson Company, New York
City, is a subject index to articles in current periodicals,
pamphlets and books covering current economic
problems. Price upon application. It is a valuable
index to consult at the public library, as it is too expensive
for the small business library.
Thomas' Register of American Manufacturers—"first
hands in all lines"—is an indispensable directory.
It is published annually by the Thomas Publishing
Company, New York City, price $15.00. The
entries are in three main sections. The first section
classifies the manufacturers according to their products,
in an alphabetical subject list; the second section
lists the manufacturers alphabetically by their
names, gives addresses, branch offices and officials
for many of them; the third section lists all the
popular trade names alphabetically, and there is an
alphabetical index of subjects at the beginning of
the volume, with plentiful cross references to all the
subjects listed in section one.
Hendricks' Commercial Register of the United
States is similar to Thomas' Register, but is especially
devoted to the interests of contracting and construction
industries. It is published annually by S.
E. Hendricks Company, New York City, price $12.50.
Exporters and importers will find most useful,
Kelly's Directory of Merchants, Manufacturers and
Shippers of the World, 1921, Kelly Publishing Company,
70 Fifth Avenue, New York City, price $20.00.
The organization, personnel of management,
earnings and financial history of industrial corporations
in the United States are given in Moody's
Manual of Railroad & Corporation Securities, published
annually by Poor's Publishing Company, New
York City. The publisher expects to issue the 1921
edition in four volumes as follows:
Vol. I—Railroads.
Vol. II—Public Utilities.
Vol. III—Industrials.
Vol. IV—Mining and Oil Companies.
The 1921 price will probably be $15.00 per
volume.
Moody's Analyses of Investments is published in
four parts as follows:
Part I—Steam Railroads.
Part II—Industrials.
Part III—Public Utilities.
Part IV—Government and Municipals.
These volumes cover much the same ground as
the manuals just noted with the addition of ratings.
They are published by John Moody, 35 Nassau street,
New York City, at $15.00 per volume.
The Manual of Statistics Stock Exchange Handbook,
similar in contents to the Poor & Moody volumes
but not as full, is published annually by The
Manual Statistics Company, New York City, at
$12.00 per volume.
Investment Bankers and Brokers of America,
issued annually by Sites Publishing Company, 441
Pearl Street, New York City, $17.50 per volume, is a
useful directory to be used to supplement Rand McNally
Bankers' Directory, issued semi-monthly in
January and July, Chicago, price $25.00 per year, or
the Bankers' Encyclopedia, issued semi-annually in
March and September, New York, price $10.00 per
volume.
Money and Investments, by Montgomery Rollins,
"a reference book for the use of those desiring
information in the handling of money or the investment
thereof," is an excellent dictionary of financial
terms, published by Financial Publishing Company,
Boston, Mass., edition 4, price $3.00.
For the business firm who wishes to keep up to
the minute on the latest information of what is
going on in the world as affecting trade and finance,
the Standard Statistics Company, 47 West street,
New York City, issues Standard Daily Trade Service
at a cost of $120.00 per year, which delivers each
morning by first class mail a conveniently indexed
and itemized digest of the important news regarding
crops, commodities, countries, legislation, taxation,
Federal trade regulation, transportation, etc., and in
addition gives the subscriber the benefit of a Personal
Service department for special information of
value to him individually which does not appear on
the daily report sheet.
In addition to the Daily Trade Service, the
Standard Statistics Company also issues a similar
daily service entitled Corporation News Service,
which summarizes all the corporation news of the
country. It also issues a Corporation Card and Bond
Card Service which furnish daily revised card descriptions
of corporations and bond issues.
The Federal Trade Information Service, 31 Nassau
street, New York City, is similar in frequency
and form of issue to the standard Daily Trade Service
but is not as comprehensive in scope, as it covers
only the activities of the Federal Government.
There is scarcely any industry which has not
put out a reference handbook or directory covering
its special field, and it is impossible in a brief treatise
to list all of the reference books which pertain to a
large number of industries. The best printed list
from which to determine what directories and handbooks
have been issued for certain industries is
2400 Business Books, which has been previously
noted. Consult also the trade journals, and above
all, do not forget to use the reference facilities to be
found at the public library.