Smyrna times., 1949-12-29
LATEX CORP.
SHARE PROFITS
Every Man and Woman AT
Playtex Park Receive
Share of Profits
GUESTS PRESENT

all employees of the international
Latex Corporation shared in the
company's profits under the Play
tex Park Profit Sharing Plan which
was established in 1887. Every man
and woman at Playtex Park re-
ceived the largest bonus checks in
Latex history as their share of the
company's profits. A. N. Spanel,
founder and chairman, explained
the company's profit sharing plan
and pointed out that each en-
Nployee's share of the profits will
continue to grow greater and
greater only as every person in
the company worked as a partner
and not merely as "hired hand" "
Mr.. Spaniel added, ''The very ma
ture of profit sharing makes every
one in the company a partner
whose personal fortune is tied up
with the fortunes of the company.
On the other hand, it is only the
stockholders who run all the risks
and take the chances when they in
vest their money in the hope of
earning a profit, which often turns
out to be a Disappointing loss, in
stead" He went on to say that the
workers enjoyed tremendous ad-
vantage in the Playtex Park Profit
Sharing Plan because while they
invested no money and take no
risks, nevertheless, they enjoy a
share of the profits if there are
profits, and that this imposes a
self-interested obligation on the
part of every man and woman to
work happily and efficiently every
day in the week, without waste of
material or time. Mr.. Spaniel point
ed with pride to the fact that
people at Playtex Park operate on
completely voluntary basis, with
out a speed-up system. He pointed
out that just as the basic engin-
/ eering formula of work multiplied
by time equals power, so under the
Playtex Profit Sharing Plan, effec-
tive work multiplied by honest
time equals profits, profits that are
shared by all employees at Playtex
Park.
Expand Sales Force
| Mr.. w. o. Heinze, president of
the company, outlined the COM
pany's plans for 1850 and demon
strated how the expanded sales
force and increased advertising
program guaranteed security and
steady year round employment for
all at Playtex Park. Mr.. Heinze
gave detailed account of the in
spring six day Playtex sales con-
vention which was attended by
over 200 of the company's sales
men and sales executives from all
parts of the United States. He ex-
planned that it was of the greatest
Importance that all factory and
office personnel fully understand
the Playtex sales and advertising
plans for 1850 so that all divisions
of the company will continue to
work together as an unbeatable
team during the coming year.
Distinguished Guests Present
William ]. Storey, mayor of
Dover, congratulated all Playtex
employees for being living part
of one of the most progressive and
expanding business enterprises in
the United States. He emphasized
the fact that the International
Latex Corporation has become the
economic backbone of Dover and
the surrounding community, inf1u-
encing the lives and well-being of
many thousands of people. Secre-
tary of State, H. B. Mcdowell, Jr.,
in bringing the greetings of the
Governor of the State of Delaware
to the Playtex employees, express
ed the great pride felt by all resi-
dents of the state in the wonderful
example being set by the Interna-
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