Montana farmer-stockman. [volume], May 15, 1950, Image 5

About Montana farmer-stockman. [volume] (Great Falls, Mont.) 1947-1993

Image provided by: Montana Historical Society; Helena, MT

                
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THIS SPRING, census-takers are calling on homes all over America. Suppose one of them called
on us and asked some of the same questions she asks you. Here is what our answers would be;
IF THE CENSUS-TAKER CALLED TODAY,
THIS IS WHAT WE'D TELL HER
QUESTION: Your name, please?
ANSWER
our stockholders owned an average of 158 shares, on which dividends
paid had a value of $425. No one man or woman owns as much as
1% of our stock, and no institutional owner has as much as 5%.
Standard Oil Company (Indiana). We speak also for
our subsidiary companies.
QUESTION: Age?
ANSWER : We'll be 61 years old this coming June.
QUESTION: Occupation?
ANSWER : We produce crude oil, transport it, refine it into
than 2,000 useful products and distribute these products for sale.
Doing each of these things ourselves, as an integrated company,
helps us make better products more economically and make them
more readily available.
QUESTION: Any other dependents?
ANSWER
Well, there are a good many other people who depend
us to some extent—and at the same time, we depend on - them. There
are many thousands of independent businessmen
like Sam Reeve of Birmingham, Michigan, who
earn their living by selling our products. There
are millions of customers like
on
more
Joseph Carawab of Chicago
who use our products.
And there are a great many
people who benefit from the work of the many
schools, colleges, hospitals, charities,
companies and other institutions that get part
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QUESTION: How many in your immediate family?
ANSWER
First of all, 46,700 employees. Stan
Zatorski is one—he works at our refinery
Whiting, Indiana. Our employees averaged $4,600
in wages and benefits last year, and each of them
has behind him an average of $30,100 in tools and
equipment to help him earn his good living.
We have more than 2,300 retired employees,
like Lee Swanson of Sidney,
Montana, each of whom receives
monthly income checks under
our contributory retirement
plan.
Then we have 96,800 owners, like Mrs. Klare
Knudson, a housewife of Minneapolis. In 1949
insurance
in
■XX.
of their income from our stock
QUESTION: How do you spend your income?
ANSWER ; The greater part of it—58.7 cents out of every dollar
we took in last year—was our cost for materials, transportation
and wear and tear. Another 16.4 cents went for wages, salaries and
employee benefits. 2.9 cents was paid to our owners as dividends
and 4.8 cents was retained in the business. These items add up to
82.8 cents.
The remaining 17.2 cents out of every dollar we took in last year
went to pay taxes, including our own taxes and those we collect
from our customers for national, state and local governments.
,y*-.
4
STANDARD OIL COMPANY ( INDIANA )