46:, while the merchants in Providence were using the single-entry system. Albert published books about accounting stressing not only the mathematical concepts but also the legal, morality, and fiduciary duties. To teach the new method, in June 1846 Scholfield founded Scholfield's Commercial College in downtown Providence as the first business school in the city. Eventually the double-entry method became the dominant accounting system in town. Scholfield is buried in the
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38:. The Scholfields were a family of wool manufacturers. Albert Scholfield married Harriet Newell Bolles, and after her death re-married. In 1846 Scholfield moved to
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Albert
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Providence, Rhode Island, the first business school in the state.
68:"The Rhode Island Historical Cemeteries Transcription Project Index"
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The
Providence Plantations for Two Hundred and Fifty Years
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Elementary and
Practical Treatise on Book-keeping (1884)
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