Ogden Standard-Examiner | 1920-11-30 | Page 9 | Standard Oil Employes to Buy Company's Stock

STANDARD OIL EMPLOYES TO BUY COMPANY'S STOCK CHICAGO. Nov. 30 The twenty-1 fi. thousand employes of the Stand -i ard Oil company, (Indiana), may he-come he-come shareholders In the company w ith thv alfl of the company after thC firat of the year, according to mi announcement by AV. 11. Stewart, j chairman of the hoard of directors. The company operates In Indiana. Illlnola, Iowa. Michigan. Montana. , Minnesota. North Dakota. South I i-l...ta i-l...ta Missouri Kansas. Wyoming, Ok-, lahuma and Wisconsin Kmployea In, all these states will be concerned. Two hundred representatives of the 2 i.uOO employes heard the plan out-' lined at the close of the second an-1 nual caucus between employes and' employer. The company purposes to permit an! employe to buy shares during the tied ' jfivc years in accordance with the; amount of his salary. Mr Stewart said j that a man drawing $7000 a year would be permitted to buy $in0u worth Of stock. Of that amount the eofapany win pay half or M4 th- ! employe the remainder ot- Iceland will have a world's fair next. J.jna for the edification of the Eskimos