'Morals in Trade and Commerce' is a publication of a lecture by Frank B. Anderson, the President of The Bank of California. It was delivered before the students of The University of California, Berkeley on February 15th, 1911. Anderson examines the link between ethics in American society and the way business is done. He calls for his hearers to shed off the idealism of youth and instead consider a more pragmatic approach that takes into account the often complex considerations of right and wrong in commercial operations.