Abstract :
DURING this period of serious industrial depression some members of the Institute, and of other professional societies as well, have found it necessary or considered it expedient to resign their membership. This has been a misfortune for the Institute and an even greater misfortune, I believe for the individuals concerned. Indications now are that we are passing through the final stages of this depression and that it shortly will be followed by a period of prosperity during which engineers and recent graduates of engineering colleges again will find ready employment in industry.