Oregon daily emerald. (Eugene, Or.) 1920-2012, September 20, 1950, Page 3, Image 3

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    Street Lights Installed on Campus
mecn new ornamental street
■H have been installed on Uni
Street between 13th and
venues and on 11th Avenue
n Kincaid and Franklin
erial is also on hand for
lighting many of the sidewalks
and paths on campus, but the
Eugene Water and Electric Board
which installed the lights and
will manage their operations and
maintenance, has not yet started
Anderson Gives Paper
Lester E. Anderson, director of
the UO Alumni Association, pre
sented a paper at the 35th annual
conference of the International
Conference of American Alumni
Council last July 9-14 in Boston,
Artists to Submit Directory Sketches
v^uver HKeLcnes ior rne iy&U-51
Piggers’ Guide, student directory,
are now being accepted, accord
ing to Editor Virginia Wright.
The best sketch will appear on
the cover of this year’s directory
and the artist will be named art
editor, Miss Wright explained.
Sketches may be turned in to
Miss Wright until September 29
at the Alpha Xi Delta house.
Discounting unforeseen delays,
Miss Wright estimated that the
Guide will be ready Nov. 1.
How big arc the oil companies?
1* Back in 1910, Union Oil Company was 20 yearsold. There were 58,000 cars in
the 5 western states and we did an annual business of $12 million. This was just
about equivalent to the total annual business that any 6 big- grocery super
markets will do today. Yet it represented approximately 23% of the oil business
done in the 5 western states*
‘Figures are based on crude oil receipts. _,
• .>*>••
12* Today, there are 100 times as many cars in
our marketing area and we do an annual business
of $200 million. Yet, in spite of this growth, our
share of the oil business in the 5 western states
is now 12H%. If we were the only company this
had happened to, we’d think there was some
3* But every old, established oil company in
the U. S. has gone through a similar experience.
The reason for this is that the oil industry—like
all American industry—is intensely competitive.
As the business has grown, new companies have
entered the field and competition has grown also.
As a result, there are far more companies in the
industry competing for the business today than
there were in 1910.
4. In view of all this, it seems rather strange
that we’ve heard so much talk recently about
bigness. Oi course, individual companies are
bigger today. They have to be bigger to serve a
bigger country. But the vast majority aren’t as
big in proportion to the total business as they
were 40 years ago. In fact, they are getting
steadily “smaller” all the time.
5* If size is a cause for concern, maybe we should
take a look at our Federal government. Its “busi
ness” is 62 times as big today as it was in 1910.
Its payroll is 19 times larger. And it is costing
the American people —in direct and indirect
taxes—62 times as much.
6* To give you an idea of what this means,
here’s a comparison: At the Federal govern
ment’s present rate of expenditure—$119 million
per day—it takes in and pays out more money
every 42 hours than Union Oil does all year—as
much money every 2lA hours of each night and
day as Union Oil stockholders received in divi
dends all during 1949.
This series, sponsored by the people of Union Oil Company, is dedicated to a
discussion of how and why American business functions. We hope you’ll feel
free to send in any suggestions or criticisms you have to offer. Write: The
President, Union Oil Company, Union Oil Building, Los Angeles 17, California.