Browsing Room Lecture Program
Plans Completed
Jan. 28 will be the date of a
forum on “American Tradition in
Education and Religion,” by Free
man Butts. Lecturer for the topic
is to be Wesley Nicholson, pastor
»f the Congregational church.
Leading discussions will be R. D.
Clark, assistant dean of the col
lege of liberal arts.
An American composer, Wall
ingford Rieger, will speak on
"Some Aspects of Modernism fti
Music.” Arnold Elston, associate
professor of music, will lead the
discussion for this session which
will be held Feb. 5.
“Contemporary American Ar
chitecture” is the subject for the
Feb. 11 discussion period, which
will begin with a lecture by As
sociate Professor of Architecture
Marion Ross. Discussion leader
will be Associate Professor of
Architecture W. S. Hayden.
Professor of English E. G. Moll
will lecture on the subject ‘‘Poetry
as Contemporary Art,” with Hoyt
Trowbridge, professor of English,
leading the discussion. This will
be held on February 18.
Feb. 25 is the date of a discus
sion on "The Dissolution of Time
in Modern Playwriting." F. J.
Hunter, instructor in speech, will
lecture on the subject and Robert
D. Horn, English professor, will
lead the discussion.
'Prose us Contemporary Art"
will be discussed on Mar. 4, with
discussion leader and lecturer tit
be announced later. On Mar. 11,
the subject will be "Graphic and
Plastic Contemporary Art,” which
also has no leaders as yet.
Original home of Union Oil Company in Santa Paula, Calif. The company was founded here in 1890. The California Oil Museum is now located in this building.
WHY DO YOU EARN TIMES AS MUCH AS YOUR GRANDFATHER?
Most people do. And they earn it with Vz fewer
hours of work.* The average factory employee
in the U. S. earned 19fS per hour in 1890. Today
the average factory employee earns $1.65 per
hour. When you convert these earnings into real
dollars,** today’s factory employee earns 2Vz
times as much as his counterpart of 1890.
The reason for this is that
today’s factory employee has far
better and more elaborate tools
to work with. For example, the
average Union Oil employee of
1890 had only about $5,000 worth
of tools. Today’s average Union
Oil employee has over $60,000 in
tools at his disposal.
Source: *Douglas, Paul H., Real Wages in the United States, 1890
1926. Bureau of Labor Statistics, Industry Report for May, 1952.
•*What the 1890 dollar and the 1952 dollar would actually buy.
Source: The National Industrial Conference Board.
Because of these tools, he can
produce more and thus create
many times more wealth with
his day’s work. And the more
wealth he creates, the more he
earns.
The tools that make this possible are provided
by Union Oil’s 38,600 share owners. Therefore,
the employee’s earnings are directly related to
how much money the share owners put into tools.
These “tool providers” aren’t apt to put more
money into tools unless they can anticipate a
reasonable compensation. That’s why the incen
tive to put money into tools must be preserved.
For only in that way can we
Americans continue to pro
duce more, create more
wealth, and tltus earn more
than any other people in the
world.
UNION OIL COMPANY
OF CALIFORNIA
INCORPORATtD IN CALIFORNIA, OCTOBER 17, 1890
This series, sponsored by the people of Union Oil
Company, is dedicated to a discussion of how
arid why American business functions. We hope
you’ll feel free to send in any suggestions or
criticisms you have to offer. Write: The Presi
dent, Union Oil Company, Union Oil Building,
Los Angeles 17, California.
Manufacturers of Royal Triton,
the amazing purple motor oil.