Miss Elizabeth Hidden
lives in Redlands, California,
and is a Professor of Education
at the University of Redlands.
1
!• in 1949 Miss Hidden bought 100 shares of
Union Oil stock. Last year she invested in 30 more
shares, bringing her total to 130, which is our share-. -
owner’s average. By these, purchases, Miss Hidden .
became one of the millions of American capitalists
who own stock in American corporations. What
did we do with her money? _ - - J £
2* Like the amounts entrusted to us by our
40,301 other shareowners (half of whom are
women), Miss Hidden’s money has gone mainly in
to new “tools” for our business — things like drill
ing rigs, pipe lines, refinery equipment, and into
our research laboratories and the work we do in
developing new wells. All these things take money.
3* Because we put Miss Hidden’s money to
work. in these productive ways, we were able,
under the American system of free enterprise, to
earn something with it. That is, we made a profit.
Miss Hidden participated in this profit, along with
our other shaseowners. In 1952 she received divi
dends amounting to $260. She could sell her stock
at any time, but chooses to remain a part owner
of our business.
4. This example shows how most American
industry is financed today. It also illustrates one
of the great and fortunate facts of our economic
system. In investing with us, Miss Hidden is of
course considering her own personal interests. But
at the same time she is helping in the vital devel
opment of U. S. oil resources, the expansion of re
fining facilities, the making of new jobs, the in
crease of worker income, and the creation of more
and better petroleum products for everyone. She
is contributing to a higher standard of living and
to a stronger America.
UNION OIL'COMMNlT
* OR CALIFORNIA ?
INCORPORATED IN CALIFORNIA, OCTOBER 17, lit!
This series, sponsored by the people of Union Oil
Company, is dedicated to a discussion of ham
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, Lot
Angeles 17, California.
MANUFACTURERS OF ROYAl TRITON. THE AMAZING PURPLE MOTOR OU