Homecoming Financiers Set
•Members of the Homecoming
finance committee have been an
nounced by Milan Foster, chair
man, and Gary West, assistant
chairman.
In charge of downtown sales is
Jane Bergstrom; Springfield sales,
Phil Lynch; public schools, Bud
Hinkson and service clubs, Jack
Rawls and Peter Williams.
Barbara Williams is in charge of
alumni registration sales for the
weekend, and in charge of campus
sales are Jean Piercy and Donna
Anderson. Marcia Mauney is pub
I licity chairman for the committee.
NCP Includes Star
In New Initiation
Tyrone Power, who was here
appearing in "John Brown's Body,”
was made an honorary member of
National Collegiate Players Oct.
19.
Patronize Emerald Advertisers.
Burdette Voted ,AWS Head
Judy Burdette, freshman in pre
nursing, was elected president of
the AWS congress, at their first
meeting Wednesday afternoon.
The office of secretary was filled
by Jean Paulus, Junior in educa*
tion.
All clothing and other objects'
for the AWS auction will be pick
ed up in the campus living organ
ization next Wednesday. The
money made from this sale Thurs
day, Nov. 5 will go to the AWS
scholarship fund.
What happens
if we do away
with profits?
With his bare hands the average American
can't produce any more than any other person
in the world. Yet his standard of living is much
higher. He owns a home, a car and enjoys such
luxuries as a telephone, refrigerator and tele
vision set.
The American lives well because of the
“tools” he has to work with. They multiply
the labor of his hands. Thus, he is able to pro
duce more useful goods with his day’s work.
A good example is the Union Oil employee.
Today each man working for the company has
$70,691 worth of “tools” at his disposal, 3H
times as much as he had in 1927. Because of
this, his production of goods has increased
times. His wages (including retirement, vaca
tion and other benefits) have climbed from $168
to $484 a month—almost 3 times—yet he works
far shorter hours than he did 25 years ago.
The ■fool*' that make such gains possible are
paid for by the shareowners of a business. For
putting up their money, these people are of
fered the opportunity of being rewarded for
their investment. So when a company makes a
profit, they share it. Last year, the 40,302 own
ers of Union Oil common shares received an
average of $261 in dividends.
Now If you destroy the profit incentive, as
continued high taxes could eventually do, you
kill the goose that lays the golden egg. The
“tool providers” couldn't be expected to risk
their money. Without new “tools,” employees
couldn’t continue to produce more. The flow .
of new and better products would dry up.
There would be less wealth to share and a
lower standard of living for America. So an
-economic climate that encourages profit and
success is vital to all of us.
UNION OIL COMPANY
OP CALIFORNIA
INCORPORATED IN CALIFORNIA, OCTOBER 17, 1B90
This series, sponsored by the people of Union
Oil Company, is dedicated to a discussion
of how and why American business func
tions. We hope you'll feel free to send in any
suggestions or criticisms you have to offer.
Write: Tfiie President, Union Oil Company,
Union Oil Building, Los Angeles 17, Calif.
MANUFACTURERS OF ROYAL TRITON, THE AMAZING PURPLE MOTOR OIL