The Lexington advertiser. [volume] (Lexington, Miss.) 1904-1985, 1962-01-25
Duront MP&L-
Continued from Page One)

she was unable to be present.
Mr.. Wilson himself has a &C.
year record of service with the
Company of which he has been
president since 1854.
A huge trophy was presented
the North Central Division
crews for the second consecu-
tive year in a row for making
the best safety record in the
state of any MPL division. If
the Lewiston wins the trophy
again this year it will become
permanent possession.
Vital Industry
President Wilson told his at
tentive audience: eve are not
just anoter business. We are
concerned with the health, well
fare and the very lives of our
customers.
ELECTRICITY is almost as vital
as the air we breathe" he con-
tinued. The official policy of
the Company in relation to its
customers, employees and share
owners was stated by Mr.. Will
son and a report on Company
growth, industrial development
ard accomplishments during the
past year were given.
Mr.. Wilson cited the fact that
at the end of 1861 MP&L was
serving nearly $4,000 residen-
tial, commercial and industrial
customers in Western Missis-
sippi with more than 1900 miles
of 115 XIV transmission lines
ard 10000 miles of distribution
circuits.
He pointed out that while the
cost of living has skyrocketed
104 per cent in the past 20
years, the cost of MP&L resi-
dental electricity has come
down 35 per cent. In this same
period, Mr.. Wilson pointed out
that investment per employee
has risen from $4,000 per en-
plovee in 1941 to more than
$161 900 per employee in 1861.
He also said where the average
manufacturin industry requires
$0.66 investment per dollar of
revenue, the electric utility in
dustry reqires $500 in invest
ment for every dollar of reve-
nue. received.
Taxes Big Item
$40, 1913, 900 was set aside for
federal, state and local taxes
in 1861. This is almost as much
as the total dollars received by
employees, bondholders an d
shareholders together during
the year.
Industrial Growth
IN MP&L's service area last
year there were a total of 60
new and expanded industries
providing a total of 3,215 new
Jobs which added more than
$10.288.000 in annual payrolls
in the area along with an in
creased investment in industrial
plant of $22, 1875, 000.
Since 1850 the industrial de-
velopment figures in the area
served by MP&L show there
were 515 new and expanded
plants adding almost 38 600 new
Jobs. New annual payrolls in
this same period amounted to
nearly $115, 0OO, 600 with a plant
investment of 5000, 600, 600"
MP&L investment in Western
Mississippi since 1916 has ave-
ragged 100000 900 annually. BY
the end of 1861 the Company
had Sic. $4,000 invested in the
area and Mr.. Wilson estimated
that by 1870 MP&L's investment
m Mississippi would reach
$3.50 OOO, 600.
Observation-Disclosures lie
Local activities and personnel
were recognized for their con-
tributions to the Company's
success during 1861.
Personnel Vice President C.
F.. Jones presented Safety A
wards to S. w. Russell. foreman.
Grenada; Ray Dorset, foreman.
Durant; L. L. Durr, foreman.
Winona for safety performance
BY their respective crews.
Outstanding Award
The Durant MP&L Crew. of
which Ray Dorsett is foreman.
received a check for $500 in