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About Oregon daily emerald. (Eugene, Or.) 1920-2012 | View Entire Issue (April 18, 1952)
Students Give 21 Lbs. ot Pencils Pencils ? Students have donated 21 pounds of them so far in the ‘‘get the lead Out” campaign. Those 21 pounds contained about 2200 pencils for India at the last count, noon Thurs day. Co-chairman Fred Schneiter and Ward Lindbeck said that Friday was to be the last day of the or ganized drive, though pencils will be accepted later. This far in the drive Sigma Del ta Chi, men's journalism honorary • which is sponsoring the campaign, has used flying speeches as the main pencil-gathering device. A few more houses remain to be con tacted. Workers have been contacted to get the pencils from the dorms. Those from Carson hall are the only ones reporting in so far, but the rest are expected to bring in their collections tomorrow. ! Students living off campus are urged to bring their pencils to the j desk in the Student Union lobby. Theater Presents (Continued front f'tttie one) Anderson, junior in music educa tion. Walter Martin, senior in mu sic, plays a young man suspected of thievery. Anita McGregor, freshman in music, has the role of Oaetitia. Herman Gelhausen, associate professor of voice, directs “The Old Maid and the Thief." Accom panist for the musical is William Woods, instructor in piano. Set de signs were don» hv Howard Ra mey. Fredrick Hunter, instructor in speech is in charge of make-up. Women's Rush Plans Readied (Continued Ironi (•one mu') Kwairrn, sophomorr women s hon orary, will escort the rushees to the various houses.. Campus clothes are in order. About 100 women were signed up for rush Thursday night, Miss Webb announced. Houses open Saturday are Alpha Chi Omega, Alpha Delta Pi, Delta Delta Delta, Delta Zeta, Kappa Theta, Pi Beta Phi and Sigma Kap pa. Open houses will be held from ^ 2 to 4:15 p.m., 15 minutes shown ut each house, Sunday, Alpha Gamma Delta Alpha Onilcron PI, Alpha Phi, Al pha Xi Delta, Chi Omega, Delti Gamma, Gamma Phi Beta, Kappt Kappa Gamma and Zeta Tau Al pha will be open from 2 to 4:5.’ p.m. Women who decide which opei houses they wish to rush may slgi up in their dormitory with thi counselors following Sunday's opei houses. it >« How you can make a profit of ^27,293,971 and go in the hole! 1* According to our accountants, Union Oil made a net profit during 1951 of $27,295,971. If this bookkeeping profit represented the com pany’s actual “take” our 38,347 common share owners would be overjoyed. But after paying dividends of $11,444,259, we actually ended up on the minus side of the ledger to the sum of $7,534,000 in working capital. 2. Here's the reason: In 1951 we had to spend $62,421,000 for replacement of worn-out equip ment and oil properties and to enlarge our facili ties to meet the greatly increased demand in the West for petroleum products. This money came from three sources. .. ' - t 440781.000 .otpvia*no« owiMKinOU W0MUH6 CMPtm J. $40,281,000 of it came from the ‘‘depreci ation and depletion” allowance. (The sums a corporation sets aside each year to replace equipment and oil properties when they’re worn out.) $14,600,000 of it was made up out of profits. $7,534,000 of it was taken from working capital — the “checking1 account” a business keeps on hand for day-to-day expenditures. 4. Wo obviously can’t keep dipping- into our working- capital indefinitely and stay in business. For if we do we’ll eventually run out of money to carry our receivables, inventories, etc., and pay our daily operating expenses. That’s why something has to be done about a situation that affects not only us but every U. S. corporation. 5* Briefly if is this: The sums ti.«. mx collector allows you to set aside for depreciation and de-’ pletion are based on what things cost when yotcj acquired them—not what it costs to replace them today. Since these depreciation funds aren’t ade quate to replace equipment and oil properties at today’s prices, we have to make up the differ ence somewhere —or go out of business. 6* Oft top of thU, extremely heavy taxes on corporate earnings make it almost impossible to retain enough profits to make up the difference. So we have to take it from working capital. That's why we must have a tax policy that will permit corporations to earn enough for the replacement and expansion necessary to maintain the produc tivity and economic growth of the nation. I UNION Oil COMPANY OF ClillORAlA INCORPORATED IN CALIFORNIA, OCTOBER 17, IS 90 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. Manufacturers of Royal Triton, the amazing purple motor oil
