Hide Article Text (OCR)
PAGE FORTY FOUhTHE MIDDLETOWN, OHIO. SUNDAY NEWS-JOURNALSUNDAY MORNING. MARCH 23, 19MSoi(rsI011(1Of Ownershi*;iitOf Slock “PutscmInusin essBy KEN YARBEPyou: Don’t drop that roll of paper. Be careful with that, you're hurting my business.” Sorg workers are saying these days. And they mean it, for now they are part owners of the company. ,The reason for this pleasant concern is that on February 24. the! Sorg Paper Company. In commemorating its 100th anniversary, gave each employe*two shares of stock for each three years or less of service One share was given for each additional three years or less.What 4t amounted to was some .1,000 shares worth $60,000, Not only that, Sorg. paid the 20 Federal tax which took 112,000 more, iA re the employes happy*’ Ha* lt;——-—■————•'*-----employes, including the office boys who’ve been heard to quip: “OK, so now get to work, and earn me some money.*’ jIt’s only logical to say that if the company makes more money, then its stockholders will get big* ger dividends on their shares... George Long, 905 Malvern St.,Just ask one.Walking through the company ,three divisions, Sorg, Oglesby andSmith mills, the boys who produce that basic eomodity, paper, have certain gleams in their eyes that look like the $ sign.It is a feeling. An awareness ofbelonging, and appreciation of «| foreman, has 14 shares and 38 great company that is interested i years with Sorg George says lastSorg has .about 20 employes who j p,lltn (lUt stubbornly to a buddvi have 35 years or more of service ,.f xvon*t mn my stock to nohtxlybehind themFrom this select list of long-: time paper makers, several were j chosen at random to express how they felt about being owners to aBroad St., is janitor of thlt; general. office, and received 15 full shares of stock that's worth about *300the Second Baptist Church for thel**t 4b years, was as he says.“surprised *’■The unique distribution of stock has caused another frequent comment when there is evidence of waste Watchit, you're takingelectrician and president of Local 112. United Paperworkeri of Amer-*v$nm. fpNi. ■c’tk. -HPORVILLE PUMMILL“well satisfied.GLORIA HEDGESM• •1 was amastd.’*AARON FIELDS• ♦a great gesture*#mmm■«lt;*»^ sieve it s h oefmite indication that!extra and n nice in addition to j Sorg U vitally interested m its em-jperson doesn’t mind a little extra j ret civing k percentage of owner*}over the years since the union’s jfounding in 1943. We hope- to con*! tinue this fine relationship m the; future,” Aaron adds, 1Gloria Hedges, 1501 Manchester handed two whole shares’It was reported that three ortour days after the big anniver-distribution plan was announced, all of Sorg’s employes had a “different” attitude, ft was perhaps like the feeling experienced after■opening Chridmas tiff p»ekag«-1,1i.I I- Mini*,l least two share of stock. One\ and exclaimed, Wonderful!”years I is well satisfied”, Jpredating, and f plan to keep my Vm •25? Yankee Rdtechnical n^vtotd to toe superintendent of Oglesby division His two tourer, being with Snrg for two year*.probably would have been spentI certainly intend to.” John say*Walking down between two long shares as long as possible,*' Or* ,yWpaper machines »nd coming tipottj vilie comments I I Rwtwo workers handling mil* of pa Wilbur Kinley, 339 North Mam ,per. we overheard one remark, j St , utility man in the garage. ex*|H 'Hev. watch that paper We’re plains that more interest is being stockholders. You're ruining my1 taken in the company now that’0*’1® business ” we’ve become stockholders.*’that everyone is an owner of the Cliff Mommgstar, Frank lin ,arT 10ft year old paper company. Route 2, assistant traffic manager.Expressions of ownership seem j has six shares and 13 vears of * to originate from most of Sorg’s ! service. Cliff says he- is vere much?1*1®11tert3.004 pints Cross. ABlood Ilotior Kt’cordj VANCOUVER, B.C. -* lt;A P —!University of British Columbia crown wasstudents claimed a North Ameri- versify of can collegiste record by donating; buted 2.311of blood to the Redspokesman said toolilted from the UntoTexas which contri**pintsWILLIAM HERNDON• •turpmt and appreciationNatural (»;«•* Grta IMorah!I o Makf ll Notinccording to the Gas Appliancethe odori.nl.;ess natural L. -1. This is dune for i jected directly into the ga safety in home and industry. ar-1 mission lineodor to a million cubic feet of ■ iiioi- as it. passe* over a vat o#|trsna*
Newspaper Details
Middletown Sunday News Journal
Middletown, Ohio, US
Sun, Mar 23, 1952
Page 44
Full Page
Clipped by
Midpointe L.
OH, USA 13 Jan 2023
Other Publications Near Middletown, Ohio
Middletown Sunday News Journal
Middletown Journal News
Middletown Friday Noon
Middletown Journal
