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Show ("PEOPLE" OWN OWN COMPANY The Southern California Edison Co. of Los Angeles from (the 17th to the t9th of November, inclusive, sold $2,105,000 I worth of its stock to Li,( 1 S subscribers. I Since the 24th of January, 1921, this company has sold 147,.T27 shares of stock to 2,2(5!) subscribers and it now has a lotal of over 25,000 stockholders, 90 per cent of whom live in (California ,the state where the company operates. There is no better form of "public ownership" than this (method", The profits from a company thus owned are paid klirectly to the people in the territory where the property is operated and to the customers of the company. Local pride in a sound and progressive public utility is stimulated and the dividends which the user of the service receives re-ceives from a small amount of stock offsets by just that much, the bills which he pays to his own company. |