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J . Jl nt nti «».' ‘1^ U"^J •> ’ ' I; i 5 of the bccfT the clc»otc'. SPECIAL edition Z*'"' ' IftiP GASTONIA STOCKHOLDERS REPORT (JASTOMA. N. C.. FEimrAKY 15. 1«53 ir- ?i irvev S. Firestone Jr. Expresses Confidence ?i,al Business Will Continue at High LeveL ^1 n t I t H M Taylor Named Vice-Presideni] I Officers, Directors Re-elected; • - • i w J 111 . ———1 i*m*i Ti' T R. Jtvclcson* . hus ness will ~ Jr.. e-hairman i Lu ■not Ii- ;ini I inti \\- - Mci o;;,. 1 Fiu ^A■t^ I- t .s Cn ihotography — or ') it — you’re in- , Camera Club. The re rkroom is available ^ ch Tuesday after- » ping and printing pushes a k'f button, 'j-, and the comes into I repeated, floor auto- j down the Jcharged. pin is as itone tooV Jst lighted e units at important ilalion in- p 22 ft<. average is p do thei: 3ccd acci- Kirtint is rcsultinsr /CONFIDENCE that business w-ill stockholders of the ,wuy at tneir anii p'jre.<;tone Akron oil J»n^ ,552 »ere tho Company. . .g fyUy ex- ' Wuilr; will milk. rlSt/n“S contribution to the i;Sh pr'elnf econS iS'^iX/t fnr ourVoitet, will i continue to be large. Mr. l-irfstone i?tr^^ promoting Comiiiiny ha;- ’ :... for build- 5 "?ferwgh^avs. He } inir better and .safer ni^ri I ie\v. (i the i)roKre.-».-» 1 Sion of the Company new i ‘%T^hoS re-.l.c^ ! r..*ir,ot.h. Con,,,any l!ao The Firestone Tire & Rubber Company and Subsidiary Companies Distribution of Income During 111. V.arEndrfO.K.l-er 31. 1»2 We Took In: We bilie.1 our customers for (foods sold 2. We billed our customers for excise taxes 1 We received income from other sources 4. Which nave us a total of We Paid Out and Provided: $ 9f.5,364,42T 48.548,005 3,709.«05 $"UM7ie22i0S7 Wc paid for ««“*'"^’t;Vr“expenses » f-06.142.788 transportation and otner exp ■ ' 00.715,018 3,388,8<>fi t (• We provided on ImildinKS and equipment We paid interest on money borrovxed We provided for unremitted earninss of foreign 10,792,030 subsidiaries This left $376,583,310 for employees, government and stockholders Which Was Divided as Follows: 11. For Employees: Wages and Salaries For Government; Taxes For Stockholders; Dividends For Working Capit^ Plant Expansion $233,223,483 100,278,140 14,132,972 Ktc. 28.948,745 I’er Cent fil.9 26.6 7.7 376,583,340 1000 »ToW^2^7 dent. Manufacturers Sale^ Officers re-elected are; Harvey S. Firestone, Jr., Chairman; Lee R. Ja(Ason, Pre.sident; John J. Shea, Vice-Presi dent, Finance; James E. Traine^ Vice-President, Production; Ij^ro'd I) Tompkins, Vice-President, Trade Sales: Raymond C. Firestone Vice- President, Re.search; Harvey 11. Hol- linirer. Treasurer, Joseph Thomas, Secretary and General Counsel; Claude A. Pauley, Comptroller; bl- ton H. Schulenberg, Assistant Treasurer; William D. Zahr^ As sistant Treasurer; Henry ^Brain- ard. Assistant Secretao': F Dovle, Assistant Comptroller. L*aureiice A. Frese, Assistant Comp- troUer. ♦ ♦ • THE COMPLETE text ot Mr. Fire.stone’s address to the .stock holders at the meeting follov^: The Firestone Tire & Rubber Company on October 31. 1952. com pleted another very successful year, the second largest in \ot »5ales amounted to $965,361,4^7 ;,mpurod with $975,766,455 for last veur Net income amounted to $ W,* «S1 717, equal to $10.89 per share of common stock ^^pared with $■18,398,950. equal to $li.ii6 per common share last , It was anticipated that s.ues w.Iuld be larger for the year, but thi-v were adversely liationwide steel strike ^hi^ duced re(iuirements of automoime manufacturers for tires, tubes, rims •md mechanical rubber goods, as well ITs by the reduction in prices of tinished rubber products result ing from a decline in the price of rubber The decrease in profits was duo mainly to a red“tion in Uj. world market price of natural rub ber sold by our Liberian P^ante- tions and to higher wages and other operating costs; substantially offset V F'i t-hocl 'l.am— ?.ir I lice<“ : j\at (- ‘ires- iitil i;\ei ■ laiHl psis) 1 ;ii' ' ,'h rivi; jobii rdia,, he Vl >(»n' (f d( leld. lowi peai Ife. NO. 5 rmit One :ir’s Work PK et February iUtli i siliei is a year and an eiuployee 1 week’s vacation. This of eight months and r^‘‘‘they were eligible for a Juct FalH 17 II' III M L. & R- TAGl 1 lUfSIONK li! ' TO!<S, '.*F' ?(C.HT, KlX I (M'KlK)n»l tiS A- .'IN ,^,..1. ADDXtiS lO |,oU>NOf«, )OHN V n.ESTCNK, n...roN,: ^N. Januakv ifJ Akso.'< ruOM^sHA.VEvS. the Sio. saoi.o^RS .<Ri- niE Jr., l.Ki: « hiiif rben of eacli year and there jiat- iiidj '^eij/antages are two fold, [leans that all employees e for a week’s vacation upon completing their [ of credited service and pse completing their fifth ' -i-h year of credited ser- ^ be eligible for an addi- ^Ic’s vacation at that time, li advantage is that em- ill be allowed to take tions at anytime during that is mutually satis- ith the employees and •visors. jiirement that vacations ed with supervisors is . in order to maintain ^ without interruption, lis requirement produc- be severely restricted .mbers of employees in ;s decided to take Viica- e same time. Whenever ossible to allow all em- take their vacations . periods desired, em- ith the most company be given preference, or the changes pointed 3r provisions of the va- cy remain in effect— ese is the provision for ly. As in the past, em- ;itled to vacations will ;ation pay as follows; led to one week of va- inued on Page 3) ^'^^i-ch, located at 1001 West Sec- ll'id Avenue in Gastonia. On that th^ double celebration will mark anniversary of the Rich’s founding, and the fourth ^universary of the completion of ® church plant. We; The *^^^yan Church including the people of the Firestone the Reverend Frank B. proud of the progress ye^^^. has made over the its founding. Their i'ath^ vainglorious, but is Th ^ feeling of thankfulness, ha ffor a church that pi'e Y^^^^ered the storms of de- ^^ession and moral upheaval in around it, yet withal strong and determin- teaching of the funda- virtues of Christian living. 'A' ,■« The Wesleyan Methodist Church with its pastor the Rev. ooking forward with especial jDejmard shown in the inset. P. B. Firestone’s Plant Newspapers Win Annual Freedoms Award THE Firestone Tire & Rubber Company and its Chairman, Harvey S. Firestone, Jr., have received two high honors from the Freedoms Foundation. Mr. Firestone was awarded an honor medal in the Public Address category for his talk, “The Bonds of Brotherhood”. The Company’s seven publica- ii^te a’!’® two charter to the April 19 Anniver- Servic of the Firestone Wes- ^rs W. G. Waldrop and ' E. Hill. These 50-year in their accus- members will be _ tomed pews for these services, if health permits. Mr. Waldrop work- ed many years for Firestone Tex tiles and before that for the Man- (Continued on page 6) seven tions have been given the top award in the Employee Publications cate gory of the Freedoms Foundation Awards Competition for 1952. J. E. Trainer, Vice-President in Charge of Production, accepted the award for the Company at cere monies at Freedoms Foundation headquarters at Valley Forge, Pennsylvania, February 22. Vice- President Richard Nixon presented the awards. The Firestone publications won the award in competition with several hundred other leading Company publications. Mary Kerrigan, supervising editor for the publications, received a per sonal honor medal. THE seven publications for which the top award in the Em ployee Publication category was given was: the Firestone Non-Skid, for employees of the home plants in Akron, Ohio; the Firestone Californian at the Los Angeles, California, plant; the Firestone Southerner, Memphis, Tennessee; (Continued on Page 2)
