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January 25, 1929 - Image 3

Resource type:
Text
Publication:
The Michigan Daily, 1929-01-25

Disclaimer: Computer generated plain text may have errors. Read more about this.

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POLICIES Of DETROIT Select Giant Airplane For Lindbergh Flight T
When New Air Service Is Inaugu

,I

Practice Of Operating Maintenance
Account Is Explained
To Students

Alex Dow, president of the De-s
troit Edison company, explained the
business policies of his concern in
a speech delivered to a group of
business administration students
yesterday afternoon. :: :: :.::.>: *
He pointed out as one of theIa
cardinal policies of the Edison
cmaythe practice of setting .:ini .
pration a maintenance account,:
in order to lay up a reserve to take
care of heavy depreciation in lean
years, thus enabling the company -
to maintain a continuity of divi- ..*.".;
dend payments.
"The continuity of dividend pay-
ments," said Dr. Dow, "means more
to a company than merely taking
care of the interests of its stock-s
holders. In some states, the bonds
of a company are valid as security A giant Sikorsky amphibian facture. It is driven by two great1
company is paying dividends.dh plane, capable of accomodating ten motors, each capable of developing
compny 1 pamg dvideds.425 horesepower. In time trials
Again, a large Canadian insurance passengers comfortably, has beenI t.e plane has demonstrated a
company which is one of our large selected as the machine that Col- speed of 110 miles per hour.
stock-holders would be ,compelled onel Charles A. Lindbergh will Colonel Lindbergh, in piloting
by law to withdraw its investmentsI
if we stopped paying dividends for I pilot to the Canal Zone on his offi- the massive amphibian on a flight;
he ypedayn cial journey inaugurating a new air to the canal zone, will make a trip!
a single year." service to that territory. that will test rigorously the powersI
The annual financial report of The plane is a huge, specially- of the giant plane. The journey,
the Detroit Edison company for the designed ship which possesses Iwhich will inaugurate a new serv-
year ending Dec. 31, 1928, has al- every late feature of aerial manu- ice, will be another conquest for
ready been published and was dis-_
tributed among the audience. Ac-IM
-cording to figures compiled by the j
information bureau of the Michi- ANNOUNCING
gan Public Utilities the Detroit Edi-
son company is included among The
oh r eeti co p re wh ar!intending to spend approximately I
$50,000,000 in additional generat-
ing facilities, extensions and im-
provements for the next year. For,
so large a company to publish its
annual report in so short a time is!
unusual indeed, Dr. Dow asserted.
A CREST
INDIANAPOLIS.-Sam Mandell
defeated Jack Gillespie of Detroit CHOCOLATE
in a lightweight bout here.

Fo Canal Zone Smith Attends Meet
rated In That Territory To Consider Grades}
Pursuant to the business of the
North Centralcassociation of Col-
leges and Secondary schools. Ira
M. Smith, registrar of the Univer-
sity, left yesterday for Chicago,
where a committee appointed by
the association at their regular
convention last year is to meet to
adiscuss the matter of freshman
rgrades.
fsMr. Smith, who, along with Dean
C. S. Boucher, of the University of
, . .r. ...... .. " .. .Chicago, chairman of the com-
mittee, and Dean C. R. Maxwell, of
the University of Wyoming, will
f !formulate a report to be read be-
g rfore the national meeting of the _
tnorganization in Chicago next.
T March will remain in Chicago for
several days.
I-
este p .OPTICAL11
GTRAEDEPARTMENT
- Lenses and Frames made
the "lone eagle who hasvrecentlya a o'Ormer
been awarded signal honors for his,==s
great service in the promotion of Optkal Prescriptions
nyaviation.b sFilled
The flight marks another step in I
the progress of aviation and the AR
unification of the nations of the State St. Jewelers
jwestern hemisphere.
Sugar Bow
DELICIOUS CANDIES
Priced from 25c to $10
ANN ARBOR'S FINEST
DINING ROOM AND LUNCH CQ!.TER
109 South Main st.
I~

OSCAR O. M. VOGEL

Phone 6656

Sweetland
All Kinds of
VALENTINE
Hearts
Home-Made Candy,

r-a Y,:

SHOP

With New Decoration and Fresh Stock

OPENING SPECIAL:
Chicken Dinner at Noon . .
Box Candy up to $3.00 . .
Candy Barsy.therBarg
Many Other Bargains

I

. 50c
. 50c
for 5c

CREST CHOCOLATE SHOP
302 South Main

I

212 So.

Main

St.

Read the Classified Ads

ON

- {t

TO

SENIORS

4

HIGH
I W
V1ALJ<
OVFGPf

WALK-OVER

$PAI

Everybody that steps in this Walk-Over
steps in style correct.
115 SOUTH MAIN STREET
Am{rn bor; ichitci

__
_ _u.

-

Whotare planning to enter
the Business World

r

V.

What Other
College Men Have Done
With Kresge
"Graduating from Western Reserve
University in 1921, Ibegan business life
with an idea that I was fitted for mana-
gerial work. I left my comfortable desk
work and started in the stockroom. Then
I worked successively as floor manager,
assistant manager, and manager.
I then received my biggest promotion,
and today I am happily located in an ex-
ecutive position, with increased respon-
sibilities.
The financial return that has come to me
exceeds all that Ilhad expected."
Colby B. S. 15-Wesleyan M. S. 1917
-A Phi Beta Kappa man became an
instructor until 1920, then assistant head
chemist for an Eastern manufacturer
until 1922 wher he entered the Kresge
organization to take the training course.
He is now a manager of a Kresge store
and claims: "Today┬░I find myself receiv-
ing a greater income than the teachers
and industrial acquaintances who sought
to discourage me for making such a
radical change of occupation."
d -4
A Missouri University graduate enthu-
siastically relates the following:
"In June of 1923, just after I had been
presented with my much treasured sheep-
skini, a gray haired gentlemen with years
of experience said to me: Just what the
future holds for you will depend largely
on the seeds you sow during the next few-
years. Take my advice and selec some
good company, begin at the bottom and
work your way to the top.'
I followed his advice by starng in the
stockroom of a Kresge store on Decem-
ber 8, 1923.
Today I am managing my first store,
happy in the thought that I aim on the
road to success."

+

A FTER the years of college then there comes
to many men the most trying period
of their careers. What place does the world
have for them? For what niche has their train-
ing best suited them? Where do they fit?
It is to these seniors who have ndt yet fully
decided on their future that this advertisement
is addressed.
The S. S. Kresge Company has an opportunity
for college men who are ambitious enough and
capable enough to reach the top - yet who are
willing to start at the- bottom. These men we
train to be store managers and to occupy other
executive positions-well paid positions involv-
ing a share in the Kresge profits. The men
selected are given intensive preparation for their
future executive positions, they are instructed
in every detail of store management and they
are advanced as rapidly as they become familiar
with the Kresge policy and the Kresge methods
of merchandising. The work is not easy but the
reward is not small-an executive position in
the Kresge organization which operates 510
stores with an annual volume of business- close
to $150,000,000.
If a career such as those described here appeals
to you, write our Personnel Department and' a
Kresge representative wll' be sent to give you a
personal interview..
PERSONNEL DE:PARTMENT 2

Fax," a ,'
I
GYPEr__TAXIc t

- TODAY - SATURDAY -
at the

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DOLOR

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tE6 DEL if,) (-1 321,11

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