three continents, financing the whole tremendous
fabric.

Every department of his business, therefore,
has its hour or quarter hour in the daily program
when its big problems are considered

and settled on the tick of the clock. This
schedule is flexible, since no two days bring
from any division of production, distribution,
or financing the same demands upon the owner's
attention. Yet each keeps its place and
comes invariably under his eye--through
reports and his own mastery of conditions
affecting the department.

_To secure the high personal efficiency required
for this oversight and methodical dispatch of
affairs, the owner-executive is not only protected
from outside interruptions and distractions, but is
also guarded against intrusion of the vital
elements of his business--both men and matters
--except at the moment most advantageous for
dealing with them_.

Analysis and organization have determined
these moments--just as they have eliminated
every non-essential in the things presented
for consideration and decision. Except when