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Show PLANNING TO BENEFIT KODAK EMPLOYEES ROCHESTER. X. Y., April 3. Announcement An-nouncement was made here today of a gift by George Eastman, president of the Kastrnan Kodak company, to older emnlovees of the company of 10,000 of its crmmon shares. having a present value of nearly $ti.o00,0u0. "This stock is to be sold to emnlovees at the par value of $100 per share, on an easy payment plan, the proceeds, amount ing to a million dollars, to eo into an employees' welfare fund. The corn pan v itself has agreed to yet aside a like amount of its unissued common stock to be sold at par to the newer emorovees as they become eligible through lencth of service. The koduk company has for several years paid to its employees an annual wasre dividend amounting to nearly a million dollars, which is to be continued. |