144,000 of our employees are enrolled in the Payroll Savings Plan"
c. F. HOOD President? United Stales Steel Corporation,
€e
The response of our employees to the Payroll Saviwigs Pian for U.S. Savings BonaZs is dramatic evidence of their conviction thai Freedom is JLverybody 's Job. W e are proud of their outstanding record in saving systematically in "E" Bonds, in thus adiling to their financial indepetulence CMS they give effective support to the nation."
Mr. H o o d arid h i s associates m a y well be p r o u d of t h e Steel C o r p o r a t i o n ' s Payroll Savings figures: • 144,000 m e n a n d w o m e n of U . S. Steel are enrolled in the Payroll Savings P l a n — a n over-all e m p l o y e e participation o f 5 2 % — e x c e l l e n t f o r a c o m p a n y a s large as U . S. S t e e l . • the a v e r a g e m o n t h l y i n v e s t m e n t of a U. S. Steel Payroll Saver is $ 2 0 . 7 9 . • every m o n t h , these 144,000 e m p l o y e e s i n v e s t $ 2 , 9 9 3 . 7 6 0 in p e r s o n a l s e c u r i t y — a n d A m e r i c a ' s eco nomic stability. • in some U . S . Steel plants a n d subsidiaries e m p l o y e e participation r u n s as high as 8 0 % . Nearly e i g h t m i l l i o n m e n a n d w o m e n , in
forty-live
t h o u s a n d c o m p a n i e s , large· arid tsmall, are b u i l d i n g personal security and c o n t r i b u t i n g t o national e c o n o m i c stability by their $ 1 6 0 , 0 0 0 . 0 0 0 m o n t h l y i n v e s t m e n t in U . S . Savings Bonds. T h e s e P a y r o l l Savers, w i t h their $25 and $50 B o n d s , a r e major s h a r e h o l d e r s in a h u g e r e s e r v o i r of f u t u r e p u r e h a s i i ^ p o w e r — t h e $ 3 5 . 5 billion, cash value of S e r i e s Κ Bonds o u t s t a n d i n g . W h a t is t h e e m p l o y e e p a r t i c i p a t i o n in your P a y r o l l Savings P l a n ? T h e a v e r a g e m o n t h l y d e d u c t i o n ? How m a n y e m p l o y e e s h a v e been add^d to y o u r P a y r o l l Savings Plan in t h e l a s t year? Call for t h e figures and s t u d y t h e m . T h e n , p h o n e , wire o r write t o S a v i n g s B o n d Division, U . S. T r e a s u r y D e p a r t m e n t , W a s h i n g ton Building, W a s h i n g t o n . I). C. T o u r S t a t e D i r e c t o r will be glad to show y o u how easy i t is to raise e m p l o y e e p a r t i c i p a t i o n in y o u r plan t o 6 0 % , 7 0 % , o r e v e n b e t t e r .
The United States Government does not pay for this advertising. The Treasury Department thanks, for their patriotic donation, the Advertising Council and
CHEMICAL & ENGINEERING NEWS VOLUME
31,
NO.
42»
. O C T O B E R
19,
1953
4383
