Milford chronicle., 1952-09-12

crushing taxation and centralized political
direction of their lives.
5000
EVERYBODY ELSE GETS LESS
Employees are getting more money
everybody else is getting less. That is the
g[st of a financial report of an information
ally known American manufacturing COM
pany, covering the first half of this year.
1t is typical of many concerns of all sizes.
During that first half, >this company
sold $1,171, 100000 worth of its products, a
trife less than in the same months year
before. And here is what happened to the
money:
The government got $136,OOO,OOO in di-
rect taxes This was IL per cent less than
in the preceding year, because the company
sold fewer products and at the same time
paid higher wages to employees and higher
prices for raw materials.
The cOmpanys suppliers were paid $780,
100000. This was seven per cent higher I'M
der the figure of the year befOre-but it still
amounted to 43 cents out Of each COLLAR
taken in.
The company's employees were paid $476,-
100000. This was a gain of 13 per cent
and the employees were the only group re-
ceiving money from the company, to show
improvement.
The cOmpany's share OWners-the people
who make its existence and the employment
it provides possible-were paid $57, 100000,
a drop of 10 per cent compared with the first
half of 1850. After all bills were paid, and
money reinvested in the company to enable
it to keep up with the march of progress,
only 81 cents out of each dollar was left for
the share owners. That was the modest re-
turn they got for risking their savings and
enabling the company to make it's cOntribu-
ton to the well-being and strength Of this
nation.
In other words, the government, through
taxes, took we'll over twice as much money as
was paid to the cOmpany's owners. The en-
plOyes took almost nine times as much; they
alone received more money while all others
had to be satisfied with less. Keep that in
mind next time you hear some labor leader
claiming workers are getting the short end
of the stick.
HISTORY'S BIGGEST SELLING JOB
Enterprises of all kinds and sizes in
every line of activity are pursuing a wide
range of projects whose ultimate goal, in
plain English, is to make more of us under
stand what keeps our country ticking and
why we have become great nation in a
little more than century, and how we can
continue to be great nation.
Corporations are endeavoring as never
before to show the common interest of con-
sumers, employees, stockholders, manage
ment-and taXpayerS-in the profitable Op-
Grafton of industry. Annual reports are
becoming documents that mean something
to laymen. The traditional gulf between
farmer and city dweller is being rapidly
hid e scl,Ao
ness" which has inspired industrial leaders
to roll up their sleeves and help with the job
of promoting increased agricultural produc-
ton and conservation.
One of the most encouraging develop
ments is the growing trend toward wider
ownership, by people in all walks of life, of
shares of stock in American industrial con-
Germs. The proprietary interest in productive
enterprise is spreading on a voluntary basis
This is the kind of public ownership that
makes a strong country. The trend is being
helped along by such organizations as The
New York Stock Exchange which lists the
securities of hundreds of corporations and
furnishes ready market place where shares
Of stock owned by people all over the coun-
try are bought and sold at posted prices
The Exchange is organized to meet the needs
OF the small investor as well as the large
Its operations as free market place are
carefully regulated by members of The Elk
change and by law, and only securities that
measure up to stringent standards are list
ed on the "big board"
The public relations" of The Exchange
is much like that of many other enterprises
nowadays. 1t is directed toward long-range
understanding and appreciation of the mag
nifcent system that has grown up in a land
where people are allowed to own property
work and worship as they please, and where
elected representatives of the people are still
known as public servants.