Ogden Daily Standard | 1916-11-25 | Page 12 | Tire Stockholders Vote Benefits to Workers

TIRE STOCKHOLDERS VOTE BENEFITS TO WORKERS Adding still another link to the great welfare chain that binds its employes em-ployes closer together, stockholders of the Firestone Tire & "Rnhhr at their last annual meeting voted to give one million dollars for an employes' em-ployes' welfare and Insurance fund. The call for the meeting, dated August Au-gust 31, proposed the increase of the cnpital stock to $50,000,000 and a stock dividend of 700 or 800 per cent be declared. Instead of these proposals propos-als the stockholders voted: 1. To set aside ?1,000,000 for an employers' welfare fund. 2. To fix the authorized capitalization capitaliza-tion at $15,000,000. 3. To reduce nominal value of shares from $100 to $10. 4. To sell $500,000 worth of common com-mon stock to employes and officers. 5. To enlarge board of directors from five to seven. The welfare and insurance fund i adds a finishing touch to the plan of f President Firestone, who has in mind first and foremost the comfort and well being of the employes of his mammoth organization. Still another ? ldeas along this line sa"w its S fulfillment when he dedicated and 1 turned over to his employes tho large I new clubhouse, said to have cost over i $300,000. At the same time there was opened near the Firestone factories ! for the benefit of all emploves a large I home allotment known as Firestone f. park. Here homes can be purchased j' at a moderate figure and on suah I' terms that make it easy for each em i Ploye to take advantage of the oppor- t tunity. j- oo :