Image provided by: University of Oregon Libraries; Eugene, OR
About Oregon daily emerald. (Eugene, Or.) 1920-2012 | View Entire Issue (Oct. 22, 1951)
Skit, Refreshments Greet Pledges as SAE's Form New Sisterhood "Did you hear that we re having our picture* taken by a Life pho tographer?" "Are you sure? I heard the Eu gene Reglater-Guard in going to do It." That conversation might have been held between any new soror ity pledges last weekend up to 3 pm. Sunday. It seems that all -1—--— '■ Greex women's houses had re ceived phone calln requesting that pledges be notified to meet Sunday afternoon for photographa on the *tep« of Vlllard hall at 3 j*.m. Sun day. The neophyte Greeks were pick ed up by a "reporter" or "photog rapher” and taken, not to the »tepn of Villard, but to the Sigma Alpha Kpnilon fraternity house. A ban ner confronted them: "Welcome Kidnapped Pledges!" I In the house were about one hundred girls, being treated Jn very un-kidnaplike fashion by their captors. The "victims” were sung to, entertained and even fed by the SAE's. Highlighting the afternoon was ,a skit, "Nineteen Quest ir,mu'’ (they font the twentieth someplace), by George McElveney, Bob Carlson, Sum Conchctti, anij Dick Othus. And the SAE's pledged them, too into the Order of the Sisters of Minerva. Each girl raised her left hand and promised to ", . , treat each brother as he would treat me, so help me Minerva." Cider and doughnuts ere serv ed, and the ploincd pledges ac tually did have their pictures taken. It wasn’t a Life of Ftegjstef Guard man on the other .side of the camera though — just another SAE brother. Sophomore WbiAkerfno—Oct. 27, Corporation tenses affect you, too • !• Most of us figure that corporation taxes are someone else’s problem. Maybe that’s because we never pay them directly. Actu ally, we all pay some corporation taxes indirectly— in the price of things we buy. Cut there’s more involved in corporation taxes than just paying them. Here’s an example: 2* Th* average U. S. automobile uses- €48 gallons of gasoline per year. So for each new car that is added to the American total, some American oil company has to invest about $521 in new facilities.* It takes ap proximately that much today in producing, refining and distributing equipment to sup ply the additional gasoline. 3« If we added only 2 or 3 cars to our American total each year this wouldn’t pre sent any problem. But last year we added almost 3 million. Naturally the oil com panies. big and little, are always happy to build the new facilities that these new cus tomers require. For it means new business. •Sources: O.!. I-C.. ''liepart on Supply and Demand uf Oil Products tin 1961” A. P. I.,"I’ctrolcum Fact* and Fxtrurcs," J9W 4« At Union Oil, for example, we plan to spend $60 million in x-efinery improvements alone during the next 4 years. For our econ omists estimate that we will need 23 r,c more capacity by 1960 to meet our customers’ ,4 needs. But hei-e’s the rub: Traditionally, about 80fc of American oil companies’ ex- ’ ^ pansion has been financed out of prolits. 5* Today those profits are being taxed at such a high rate, this expansion may be seriously curtailed. In fact, it might be slowing down already. Certainly, if taxes are raised much higher, two things will happen: (1) There won’t be enough profits left to finance additional facilities; (2) the earnings of oil companies—and all U.S. cor porations—won’t be high enough to attract new capital for the purpose. 6. Without either profits or new capital, expansion of all U.S. corporations will sim ply have to stop. If that happens the whole nation's economic growth will be stunted— and your standard of living (along with everyone else's) will steadily decline. So corporation taxes aren’t just “someone else’s problem.” They affect each individual in the nation, too. UNION Oil COMPANY OF CALIFORNIA INCORPORATED IN CAIIFOENU, OCTOBER 17, 1B90 This series, sponsored by the people of Union Oil Company, is dedicated to a dfZTtHl0n °f.how and why American business functions. We hope you'll feel 'nZl/Jl Sfn?T lH s',yyestlons °r criticisms you have to offer. Write: The V sident, Union Oil Company, Union Oil Building, Los Angeles 17, California Manufacturers of Royal Triton, the amazing purple motor oil