Evening journal., 1919-03-05

facilities, especially during the early
part of the war resulted in savings es-
timated at Sls,7OO.OOO.
The Medical and Welfare Depart
ments of the company have played an
important role during the war yearA
While past experience had furnished
much data concerning the injury 20
health of employees manufacturing our
products, production on larger scale pre-
sented new and difficult problems. To
these have been added the study of sew
eral new and more or less poisonous pro-
duets that were introduced TO our line
of manufacture. All of these problems
have been satisfactorily met. but good
health under factory conditions was a
small part of the medical and welfare
work. The expansion of business re-
quired the massing at isolated points Of
many thousands of men, their families
and the necessary trades people. The
furnishing of pure water and good food
the disposition of sewage and waste, all
presented difficult problems; failure of
solution might have brought above grave
complications.
In these new towns, where crowding
was unavoidable, no case of epidemic
even in mild form has occurred, ex-
cepting, of course, the all-prevalent in
huenza. There has been no delay or
loss of product through illness of en-
ployes. This good record is due 10 the
action of the Medical Department in
preventing trouble by its anticipation.
In connection with the rapid assem-
bling of employees at points of greatest
activity, it was necessary TO establish
commissaries, mess halls, restaurants,
hotels, etc, for the temporary accommo-
daton of the men. The operation of
these accessories in the chief centers
cost ss,000.O00 and in the years 1916
l9l7-l9lS, 25,00OO00 meals were served
Exclusive of the Government plant at
the rental of company houses
built during the war totaled over $780,
600. The sanitary conditions OF all
these houses were cared for by the
Medical and Welfare Departments in
highly satisfactory manner.
The accomplishment of the above re-
suits has been made possible by a well
accounting, auditing and fnan-
cial system under management Of the |
Treasurer's Department. During the
war period this department has increased |
from a force of 2l3 men and women TO 1
over l.lS6. Cost sheets Of all products I
have been issued promptly, an import /
ant item in q situation where knowledge /
Of cost and details Of operation has /
been so necessary for economy in man 4
ufacture. The enormous business of re-
ceiving and checking goods, approving
and paying vouchers and freight bills I
{ for the year 1918 estimated at $4,000 4
4 l., H.
Of accounts. has been handled with
greatest despatch. At no time has the
company been in any way embarrassed
pr troubled by the failure of the ac-
'ountants to carry on smoothly the
that were necessary in such
great operations. J.
The Treasurer's Department has hand
ed the finances of tho company with
'qual skill Forecasts of probable finan-
'ial conditions extending twelve months
n advance have been maintained and
cvised every month. All the numerous
financial problems, involving not infre-
Iuently items of several millions of dol
ars, have been forecasted and reported
n detail in proper season for consid.
ration by the Executive and Finance
Committees and by the directors. The
BUSINESS of the company has brought ;
n large amounts of cash, for which ,
emporary employment has been neces- ,
airy pending its use for purposes orig !
nally planned. This has led to purchase !
I securities Of all kinds amounting TO ;
297 100000. Excepting Liberty Bonds, 1
one of these investments have been !
esold at q loss. There remains in the !
lvasury at present Sl705. 900 only of /;
bese investments. The company has =
cen the purchaser Of sll2,000,0O0 of /
he securities of the Foreign Allied Gov 7
rnments. il has subscribed to $751; r
10000 OF various offerings of the United Z
tates Government, OF which sl2i,700O00 q
ave been allotted and purchased. The c
Management Of the TreasuTer's Depart. r
nent, and the financial policy adopted d
y the Executive Committee and Finance y
Committee on the Treasurer's recommen. y
ations, art largely responsible for the b
1cellent credit Of the company upon h
'hich its great business has been found.
d. In the great transactions of the =
var years the treasurer has made no \
all upon the stockholders for funds. +
% sale OF the company's obligations has 7
een made and current borrowings. alI h
.ithout collateral, have never exceeded =
100000. The distribution of regular .
ividends has been maintained tbro,,gb. h
ut the period, -
The work, above outlined. has heep :,
ccomplished by the Joint efforts of a n
cry able body Of men. Those pripar. Il
y responsible for Tho success OF tho Al
ampaign as a whole are tho mem. a