Norwich bulletin., 1921-09-30
tspecial to The Bulletinl

New London, Sept. 29-The Ashland | Cotton Company of Jewett City was host | tonight to it's overseers and department | heads at a banquet at the Mohican Ho- l tel There were about twenty present at the banquet and the evening proved most enjoyable one. The trip to and from New London was made by motor, the transportation being furnished by the Ashland Company.
 The banquet was given the department heads as a mark of appreciation of the splendid cooperation given the company in it's recent offer of preferred stocK to the mill employees.
 In line with the policy recently adopted by the U. S. Steel Corporation, the General Elechrl4 Company, The Am erican Telephone & Telegraph Company, the Ashland Cotton Company recently offered its preferred stock to it's oper atives on a partial payment plan. Their response makes an unusual record which is gratifying to the management as an indication of the close relationship ex- isting between the management and the operatives, their confidence in the man agement and their interest in the com pany
 The mills have for some months been operating 22 hours a day and the com pany at present employs about 400 hanos whe are 100 per cent subscribed to the new stock. There is not an employe who | has not subscribed for at least one share of stock many having taken more. | The Ashland Cotton Company has been | progressive in it's development of cordial and friendly relations between the oper- ! atives and the management ana there are few industrial companies whose op- eratives have a clearer insight into, or l alnC in lkyitb eral affairs of the company that these | at Ashland. The operatives have their l own representative organization and meet regularly with the representatives | of the management to discuss questions | of mutual interest and these meetings have not only resulted to the best in terests of the operatives but in many instances the operatives have made sug- 1 gestions which have been of value to the management
 There has not been a strike at Ash land in over ten years and it is felt there that this is very largely due to the broad minded policy of the company in being glad at all times to meet it's employees OH a common footing, man to man, and to be willing to consider complaints or suggestions and after discussion to arrive at a mutually satisfactory understanding
 In the matter of working and housing conditions, facilities for recreation and the enjoyment of leisure hours, the com pany some years ago adopted a pro- gressive attitude and it has been found
 that they have been more than repaid
 in doing so by the friendly and appre- ciative attitude of the operatives, with
 the result that the company feels that it receives from it's operatives fully a;
 much as it gives.
 There was time when the spirit ot
 both industrial operatives and industria
 companies was to give as little to eacf
 other and to get as much from eacl other as possible an it is gratifying tC the Ashland management and operative: to find that that day is fast disappearing
 and is being superseded by a spirit e fair play gid friendly cooperation, baseC
 upon the realization that what is t
 the best interests of one is equally t : the best interests of the other and tha
 the best success of each can be bette
 fotered by a spirit of friendly helpful
 ness than by enc of selfish antagonism.
 The Barstow-Hill Company, investmen I bankers of Boston, are directly in charg
 of the million dollar preferred stock is ] sue Wilmot A. Nash, their represent
 ative, who has been conducting the cam
 paign, spoke very highly tf the excellen
 work which the overseers and secon = hands have done in putting over tn | stock selling campaign among the 40 ,. employes of the plant. with the eX e ception of one CT two industrial plant: L. the Ashland Company is the only plan e in the United States today where 10 ' per cent of the employees are stockholder $ in the company for which they work r, said Mir Nash Its a splendid record, T he added.
 Il Present at the banquet In addition { L. NJ Carpenter, assistant treasurer an
 agent of the Ashland Cotton Co.,, an ,+ George S. Brown, superintendent, wer # President H. Morton Hill, of the Bal '. stow-Hill Company, Frederick W. Grs I ham, vine president and WTllm7t j. st Nash, representative of the Boston Co. y Extends Congratulations
 ,e The banquet was held in the Dutc l. room. After the menu, MT. Carpente ic the toastmast said that Grosvenor Ell " treasurer of the company, who had plal
 ned to attend the banquet, was unab
 to be present. He sent his regrets hoy 7. ever in letter which was read by NJ 9 Carpenter, and also provided 100 ciga i,, which were freely circulated.
 SC MT. Carpenter, after speaking of u ,e occasion for the banquet, said the evel 10 had a double pleasure for him, as todd
 was the 18th anniversary of the da
 he entered the employ of the Ashlar
 Company. Speaking to the overseers ar
 second hands he said: You are connec 1e ed with one of the finest organization . of it's kind in the country, and they a. It back of you every minute. We apr = ciate what you are doing and have done = He took occasion to thank MT. Brow , the superintendent, and the Uverseers al ,r second hands for the splendid work tn :n have done in putting over the stock of sue among the employees.
 President Hill Speaks
 The toastmaster then introduced
 the first speaker on the evenings pr
 gram President Hill of the Barstow-H IS Company of Boston. Mir Hill said
 was very much gratified to be prese or because of the splendid record piled
 by the department heads of the mill at putting over a 100 per cent stock iss
 among the 400 employees of the mill.
 believe I am correct in stating that th
 record has only been duplicated on
 before. We are very fortunate in havil at associated with us as director in t
 Barstow-HiT Company your toastma re ter, Mir Carpenter" MT. Hill said the IF. are good many copmpanies selling sec by rities that have different lines. Sor ay houses look for securities that are pl
 marily a gamble. Other houses speciali , in high grade bonds, others in high gra nj stocks and still others in listed and unlist he securities. We have specialized in
 nancing good New England industr :, securities Our idea is to only pick {