(~ a - - *a - .-. - _ _. 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 uertlz DOLOR ' * Cot 0 . U b'Cmf Y>If4 TTVT PTn tE6 DEL if,) (-1 321,11 . ff a Is