Hammond Times, Volume 14, Number 45, Hammond, Lake County, 10 August 1920 — Page 10
PAGE TEX
THE TIMES lUesday, August 10, 1920.
5. 0. Company Pays Fifteen I
Millions In Increased Wages and Salaries in 18 Months
fSPECUL TO THE TIMES! "WHITING. Ind., Aug. 10. While dividends paid to stock holders -on their cjth investment have remained at the f.-.rpo per rentage for four years, the S'ondard Oil company (Indiana) has Told to Its employes $15,000,000 in inc cased wages and salaries during 1319 rnd the first six months of 1920. This wis the statement of Col. K. W. Stewart, chairman of the board of directors aui3 executive head of the Standard Oil l ompany (Indiana.), speaking today to 4,000 employes of the Whiting refinery. man OJTiciAic from cmaiao Col. Stewart acd other members of the Standard board of directors, were in Whiting- In response to an invitation from the Joint OepersJ Committee, or !r.ployees council, to meet and speak to all employes in the plant as a means of further cementing the friendly relations which exist between management .rI employes under the Standard's industrial relations plan. Those in the party from the Chicago office were Col. Stewart, President W. if. Burton. W T. Warwick, Seth C Drake. BeaiTmont Tarks and E. G. Seubert. all members of the board fcf directors, and J. W. Curry, director of Industrial Relations. yorra hass vhettngs hzld Four mass meetings were held at the plant during the day. all of them heins addressed by Col. Stewart and President Eurton. The first meeting was held at 8 in the morning, the last at Z:2i in tl.o afternoon. Declaring that every member of the Standard's board of directors is a man who has worked his way up through the r.Tks and has not attained his prent
position through influence, or wealth. Col. Stewart asserted that the directors hold no greater brief for the stock holdits of the StandarJ Oil company than they do fur the employes, saying that he was at Whiting to make a report to ho omploj I of whit the board of directors hat boon K-ing. WHAT DIVIDENDS AJEE
"We recognize yi.ur right to know v hat this company tarns and what is done with the (amines. " said Col. Ste. vart. "our 5.000 Mock holders have made this great plant possible by inopting their money; they have given ni and us the tools to work with, while you. on your rart. have done the work that has made possible t!o payin' nt of dividends. "What have these dividends been? In the first place, the Standard Oil company (Indiana) is under capitalized. Its eautal stock amounts to but $30.000.. 000 The actusl amount of cash invested by thfc snock holders in this company is approximately $170,000,000. GET LESS THAN FIVE PF.Il CEXT. On this Investment the stockholders for the last four years have received less than five per cent annually, in spite of the fact that the purchasing power ft their dollar has shrunk Just as yours has shrunk. Is five per cent too much interest on their investment? At what bank can you borrow money for five pe,r cent today?" At this point Col. Stewart took up in detail the company's finances, making categorical statements as to the amount of money earned, the amount paid to stockholders, the amount paid to employees, etc. Ho showed that year after year the company is turning back millions into the business in enlarging its refineries, in buying s'.tes for and building service stations, installing new equipment for manufacturing and distribution. m XO PROFITEERING, HE SAYS. "We have been able to do this without profiteering, without gouging the American public." declared Col. Stewart. "There has been no profiteering in the petroleum industry. We can safely challenge anyone to name any other necessary commodity which haa advanced so little in price since the signing of the armistice as has the price of gasoline and kindred petroleum products in the middle west. The
federal trade commission recognized this. when, after an investigation, it reported to congress that it could find no profiteering in the oil industry. I "How then, have we managed to pay, wage and salary increases of $15.100.-j 000 in eighteen months, to continue
paying the stockholdera their dividends and at the same time continue to enlarge our plants at Whiting, Sugar Creek. Wood Hive.. Capper. Greybull and Laramie? We have done It because of the superiority of our processes and because of the co-operation
i which exists between the management J and employees of this company, the
direct result of our industrial relations plan. Under this plan yoj. through your employees council, aia. working with us. and we are working with you. Our business is being run without friction. without disputes which engender bitterness. We have no costly strikes. You are giving s the best that is In you and we are giving the beft that is in us. That we are both benefiting is shown by the figures I have quoted."
C. V. JULIAN. Editor Standard Hecord. Chicago.
where they have been for some time. Mrs. John Cox in visiting her children in Hammond. Attorney V. K. Roberta was in Chicago on legal business yesterday. - Boyd Iavis and John Windbigler. who have ber in Florida for several weeks have returned hom. Kex Knickerbacker returned with them. They made the trip in automobile from Miami. Florida. In ten days. They expect to return to Florida this fall.
HAMMOND SUPERIOR COURTS
Jack Lederer. Inc., vs Charles Keener & Co.. is the title of a suit on promiswry note filed this morning in the Hammond Superior Court by Attorney Jesse E. Wilson. ' The suit concerns a series of thirty notes each for $100. There are twenty-nine separate paragraphs to the complaint, making it one of the bulkiest filed in court in a long time.
f Charles L. Surprise receiver in bank
ruptcy, for the Morris Shu'oach store at 577 Muhman street, announces that the stock of shoes for Men. "Women and Children will be sold at auction to the highest bidder on Tuesday. August 24. A cost inventory of the j-toi.lt has Just been completed and shows that there are $11.76S.60 worth of shoes on hand. Tl'e inventory mounted conside-;.My higher than had been expected. The store will be ope nto the inspection of prospective bidders from 9 to 4 o'clock on Monday. August 16 and Friday, Aug. :oth.
LOWELL
Mr. and Mrs. W. W. Dickinson returned from Hamond last evening
"s v M fl Ife
Pulling Together
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ALREADY there is evidence that the majority of the shippers . along the New York Central Lines realize the extent to which they can be helpful in relieving the present equipment shortage. By loading cars to full capacity, and by being prompt in loading . and unloading them, every shippsr can aid materially. Two tons added to the average car load and a daily saving of one hour per car in loading and unloading would be equivalent to adding 300,000 cars to the country's available supply. Every shipper can thus contribute toward this Substantial result. ' The New York Central Lines meanwhile are putting all their strength behind their part of the problem. Every available means is being employed to speed up movement. Under war pressure, only temporary repairs could be given to cars and locomotives. Consequently a greater number than ever before are forced now into the repair shops. Furthermore, the new equipment purchased during the war was wholly inadequate and left all the roads far behind the normal growth of the country. It is only because the New York Central Lines, looking forward to future requirements, assumed financial burdens in the past, that they are now able to move so large a volume of traffic, as evidenced by the increase of 17 in passenger traffic and 11 in loaded freight cars handled during the first six months of 1920 over the corresponding months of last year. During the period 1914 to 1919, the New York Central Lines purchased 925 locomotives, 473 passenger cars and 54,408 freight cars at an aggregate cost of $128,717,930. Today this equipment would cost $245,378,150, an increase of $116,660,220 over the original investment. Immediately following the termination of Federal control, the New York Central Lines placed orders for 196 locomotives, 265 passenger cars and 9744 freight cars, at a total cost of $49,543,035. In addition, the rebuilding of 1000 coal cars at a cost of $2,283,300 is under way. This additional equipment will be available for service this fall. Even the sum of over $180,500,000, expended by the New York Central Lines for new equipment since 1914, large as it is, represents only a fraction of the financing required to enable tho railroads to catch up with the growth of the country.
THE NEW YORK CENTRAL LINES
BIG FOUR - LAKE ERIE fir WESTERN - MICHIGAN CENTRAL EOSTON & ALBANY- TOLEDO & OHIO CXNTRAL - PITTSBURGH 6-LAKE ERS
I I
In an Around j I GARY I
tuition in local educational institutions. Freaprations are being made for lend ing assistance to all men desiring an education along different lines.
ENLARGE SCOPE OF "Y" PROGRAM The Educational program of the Gary V. M. C. A for the coming season is
meeting with aproval by the public gen ;
erally . A big jtcp forward is being made by the Bankers' Institute which will enlarge its scope and include all banks in this section of the state. Work for ex-service men. under the chairmanship of S. H. Keck Is also taking on new impetus. Several collegiate scholarships have been awarded from the fund of the National War Work Council of the Y. M. C. A. and additional applications have been received that are now under consideration from ex-service men who wi.-h to complete their collegiate course.
Another branch of the work for exservice men will be the defraying of
PREPARE FOR THE WINTER - FESTIVITIES The Broadway Hut, the South Ilroad. way branch of the Gary V. M. C. A. has announced ivvcral improvements which will add greatly to the atractive ties of the Institution. Through the co-operation of an advertising agency, a fine motion picture drop and some attractive wings have been added to the stage and the Hut will now boaft the best equipped stage in the Suth Side for its size. Lait week a new pool table was Installed which will be used by adults only. The other tae was improved by the adidtion of anew cloth. Already the winter engagements for the Hut are being rapidly booked and those wishing to make arrangements for large gatherings, clubs, classes, etc.. should make application to Mr. T. C. Folk, secretary in charge, without further delay
MAD DOG ATTACKS CHILD Who Is the owner of a small white, dog that atacked and bit the infant
child of Mr. and Mrs. D. J. Albino, of Gary, who are stopping at a cottage at Miller Ceach. According to Dr. Tarrington who made an examination of the child's In. juries, he iy led to believe that the anlnul had rabies and in order to prevent further attacks on people and to ascertain positively whether or not th dog was mad, authorities are attempting to locate the owner.
Try a TIMES Want Ad
BEAR OIL for HAIR AN INDIAN'S SECRET On of the patent tcirdlnt of KfttaikO for tia hair li fcnuin. bear cil. There are ofher erure Ingredlenu not found In any other hair preparation. Kotalko haa mcwlfd In manr
caara of baldnau. fallief hair aod dandruff when errry oioer hair lounn or treatment hat proved fuuie. tiOO Guarantee. Amazing reaults In rase considered iioeieu. Vat ever law bald Indian 1 Why become or remain bal4 if tou can (row hair? If othera hae obtained a new growth or bae conquered dandrufT. or stopr-ed falling hair through Kot.Iko. way man " Get a bx of KOTALKO a any buy druf store: o- vnd 10 r-rta aHre- or starupa. for JSHOCHIBB wlu TBI (Or BOX of Kolalno to J. H. BritUio, Idc, SUtlon F, New York, N. Y.
I SUFFERED THREE YEAR
Finally was Restored to Health by Lydia E.Pinkham's Vegetable Compound. Lowell, Mass. ' I was all ran down and bad an awful pain in my right side, was
persistently constipated and bad very dizzy cpells. I suffered for three years and was perfectly
miserable onni a
friend was telling me to try Lydia E. Pinkharn 3 Vegetable Compound and
ijj I found it a wonder-
ruu medicine, i can now do twice as much work and I
II llill!i:il!T
I lJjj 'HI
1 4; 4
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i rrrtf." -Mffi
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mi ' kJ -:'iAi
recommcrsd the Vpytrjl CjmrwnA
other women. You can use these
facts as a testimonial." Mrs. M. Teeall Bessey, 136 Appleton Street, Lowell, Mas3. Why women will continue to suffer so long is more taan we can understand, when they can find health in Lydia E. Pinkham's Vegetable Compound ! For forty years it has been the standard remedy for female ills, and has restored the health of thousands of women who have been troubled with such ailmsnta as displacements, inflammation, ulceration, irregularities, etc If you want special advice write to Lydia E. Pinkbam Medicine Co. (cor.ftiiatial) Lynn, Mass. Your letter will be. opened, read and answered a woman and held in strict confidence
T7VERYONH caa have abWacc t- of Thlci, Beautiful, Glowy Hair 7 Sutherland Sisters Hair Grower Grew this Hair
z fmWm : PIMM
3 H X r
Victoria Sutherland SCALP CLEANER, the Great Danflroff Rrmedr. It lemom tbe dandruif aeioi t or Shampooing, it lias no ojnal. If Yoo Value Yonr ITair arvl Itn Beauty Try SEVKN Sl'TH KKLAND SISTEHS Once Why not now? For Sale by all Drnjrrists and Dept. Stores Seven Sutherland Sisters 242 BRADHURST AVE, K. Y. CITY
PUT THE
; 7
fWOT
IN YOUR HOME
READ THIS If tbe vardlst of the most severe critic a couat for mnythlng, tlie World Pbcnograpb occupies a place held try bo other mualcal lastrtuueat in tbe bitery of civlllzaUoa for tbe price.
The natural advantage of priority, the rrcstl?e and power of leadership and the commanding position rt the World Phonograph, occupies a place held by no other musical instrument In the hiftorv of civilization for tbe price". The tone and tone-control, the technical problem of sound reproduction, have been so mattered that the World reproduces with all the mellowness toid sweetness of a violin. It is the "one incomparable musical Instrument." We have secured the World selling- rights for Lake countv and will be very glad to show ycu the main.' splendid and exclusive features tills machine lossesses.
Sold ments.
on very libera!
Standard Electric Engineering Co. 633 S. Hohma-n Sreett Phone Hammond 5S5
Union Tire & Battery Co. 227-229 119th St., Wbitiri PENNSYLVANIA VACUM CUP TIRES A Free Tube with each casing.
aWAaWittl
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$18 Values for
gal
The largest stock of Elgin Watches in the city at the lowest cash prices fcr August. Our $15.75 Watches are good, guaranteed Elgins in gold-filled, thin model cases. At least, see these. Also $18.00 Gold Bracelet Watches reduced to
Chas. Arkin & Son Hammond's Oldest Jewelers 153 STATE STREET
Don't throw, ycuf papci awaj k-ithcut reading the want ad page.
Adjustment "Basis SXLVEIVTOWN Coxu5
8ooo Jtfiles
v Fabric Tikes - 6oco Jtiilcs
1" ' 1 r - p-'-j- - , , ! 1 nriiiiiiiim , nn r-rrrtr' r mi n n mi - j
BEST IN THE LOHG RUM
NEW YORK CENTRAL- AND - SUBSIDIARY LINES
Though Goodrich Tires to-day are delivering far greater mileage than pre-war tires, they cast i to zo less than in igio.
SOLD BY
GOODRICH RUBBER CO. B0HLING AUTO SALES. P. J. BAUWENS. BENSON & HILL EAST SIDE GARAGE.
B. F. MANIS. LAKE COUNTY AUTO SUPPLY CO. OAKLEY AVE. GARAGE. JOHN SCHMUESER. SOUTH SHORE AUTO SALES.