Ogden Daily Standard | 1919-04-04 | Page 2 | Endicott-Johnson Has Capital of $36,000,000 and Employs 12,000

Endicott- Johnson Has j i Capital of $36,000,000 And Employs 12.000 NEW YORK. April 3. Coincident! with news of refinan. ing by Wall .(n et bankers of the shoe manufsctur-Jfll Ing firm of Endicott. Johnson and com ll pany. came the announcement todayifljl j that hereafter workers in the cotnfl pany's various factories would dlvidefl with the stockholders all profit abo 1 is certain percentage reserved for theflfl stocks. 9 Th.- i.i.iii.ip nKn' l to net ald j seven per n-nt of earnings for 'he pre- 1 to. k. t i, p, , ..n. f,-,r the com- 3 men and the remahid r is to be appor- ,J tloned equally between i-mploer afldjj common share owners. I The business of the rompany bagH been tsken over h a new . uacern '9 the h - rpor II tlon. with a $36.ooo.(hK cspltsliiatiOavHI It Is said that the firm, started lofl Roton forty-five years ago with a caahH capital of I2SO0. will be the largeatfl hoe making concern In 1 and, jH tho next to the largest tanning eopvj pany It will own plant in Pndlcottfl nnd Johnson City. N Y . ' rnplo) mg ; sh twohra thousand hands, with so svfl proxlmstn dally output of 75. 0 palraH Of hoes