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About Oregon daily emerald. (Eugene, Or.) 1920-2012 | View Entire Issue (April 18, 1952)
Students Give 21 Lbs. ot 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
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
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.
(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
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
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.’
Women who decide which opei
houses they wish to rush may slgi
up in their dormitory with thi
counselors following Sunday's opei
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.
.. ' -
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.
UNION Oil COMPANY
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