The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-10-07
HERS
MON
ABUr

Nahsmy. who. according 10 fsy.
man 4 only about one step behind
Johni Rockefeller In possession OF
the vrid's goods. has made an IN
vent,n that il due 20 revolutonire
interationai commerce..
uEWss THE REAL
INSIDE DOPE
III has dlscovered--histl business
Of sep mystery way OF sending
cab, addresses by code. SO he Is
rearing TO get out a directory, list.
Ing In II every firm In the world
" fch uses the cables ara assigning
Ia each code address lie Will
orrxe each firm $40 for tho listing
ald an additional 1850 Tor a copy OF
re directory--and advertising space
,iil also be sold at high rate.
uayman pointed out that. AZ
firm could save rs per cent OF i,s
cable tolls by using code addresses,
the business houses Of the world
would literally fight for istings In
the directory--and for Advertising
space. too.
lie hurriediy brushed aside the
suggestion that some firms were al
ready using cable addresses. and
plunged into an explanation of the
formation OF the company.
All OF the money Is being put up
BY Nabatamy himsclf--but. as the
hitter wants an organization which
Win really work, he decided to give
all his employees a share In tho busi-
ness.
SO he organized the company--'t
was Incorporated IN Olympia last
month--with 1000 500 shares. 500
Of which are 10 be held In the treas.
ury without bearing any interest for
so years. while the remainder are 10
be sold to prospective employee
HOW ONE GETS IN
ON GLASS A" SHARE
One hundred Of these shares are
Class A." carry one vote and sell
for $500 each. The other 800 are
Class H." carry no vote. and sell
for $500. Both classes share equally
IN the earnings Of the company
not on . pro rata basis.
To get q Class A" share ore pays
$3.50 In cash and gives promissory
note for a like amount. but all this
IL returned to you ai tho end Of three
months. white you pay $50 DOWN and
the rest In inssailments for Glass
u" share.
But that's only = start
As soon ss one has made his In
itih payment he starts going to .
free school. provided by the com
pany. and. at the end Of the week
he Is given . job ~ $3.50 a month
"You can't be fired from this joh"
Hayman declared. You can hold u
for the rest Of your life. no matter
whether you make GOOD or not And
rs everybody gets exactly tho rasn'
saiary--rrom office boys to the OF
flcer- OF the company~-you'ii shsrs
IN all raises that may he made. Nex'
February We are going 10 raise every
body's salary 20 $500 q month. anc
nm keep on going UP until every
body's making oil the money no car
spend"
There wns ~ team work ON
ehIs. - Nsbatansy told me . few
mlrutes later that salaries were
roipr IN ON December ]; that
they'd b. boosted 10 $50 on
March 1. and that they'd - 70
S3oo By June l.
Haymsu hastsnsl = aOur'
.c.orre Vo,iinssworth- that b.
wculdn't have 10 attend school,
Being an accountant" he ~
plained graciosniy. ''you wouicn'
need anything IKE that. No yo'
wouldn.s even have to 80 10 wori
~ you didn't want to--you car
rus, invest. understand that N
flv,duai sales have been limited
To five shares In the past. but yo'
might be able TO arrange 10 g
mors--in fact. I'm sure you would
And. remember. you could have
lob whensver you wanted it--and
when the salaries get up to 500
month or 90. you might wan
one"
rRETTy SOFT FOR
THE SHAREHOLDERS
Hayrsan added that II was sr
rected that the INST years earn
irgs Of the company would amoun
To Ssso. 900. He said that sbeu'
81. 500. 900 would b. taken In. o
which Ssso.ooo would 90 for print
ing and 81 coo. 600 for overhead 81
pensss. A. the phiianthropicai Ma
hatamy gcs nothing for the none,
he has put In. the remaining $3.50.
600 would be divided equally amoni
the 400 shareholders. meaning thA'
each would get tz.i2s.
Al Glass b" shareholders pa,
only $50 cash. giving the rest on
OF their salaries. this would NEAR
approximately 1900 per cent TO
them. while you can name you
own percentage for the Class A
shareholders. who. as they theoret'c
ally pay nothing at all. would draw
interest at an infinite rate.
1T seems TO be too good 70 b
true" Hayman admitted with tn
engaging smile OF the stock sales
man, but Nsbaiamy's q sort Of
well, a sort OF Henry Ford. ans
he believes in this scheme ans
he's going 10 push II thru. He.
got the money to DO II with"
There was ono vaguely dis
turblng thought in the utopian
dream, however. Nsbatamy
displayed an ornate stock GER
tificat~. engraved In orange and
black, but that's ~ far - he
would 20 In showing crcden-
tials.
I'VE have . book on IT," he
replied when asked for . pros