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IN THE SPOTLIGHT
(Continued from page 21) the press, and will defend the right of every man to his own opinion; but we despise the individual who takes "sneak
punches" at an adversary by sending out scurrilous literature anonymously, or else hides behind some phony signature such as "Paid for by the friends of so and so," "From the committee for a cleaner ad
A New rUlthiji Development
EJJCJMNI? CONTROL PROJECTION /fecLAMP .
A new and highly acclaimed development — ELECTRONIC CONTROL makes present mechanical systems of feeding the positive and negative carbons in projection arc lamps old-fashioned and obsolete; assures faultless arc control of precision accuracy, maintaining the proper focal point necessary for producing maximum light intensity without the necessity of constant watching and adjusting. Eliminates cams, gears, clutches and associated gadgets.
FOREST
MANUFACTURING CORP.
60 Park PI., Newark 2, N. J.
^P
NEW BRENKERTS, DeVRYS, MONOGRAPHS ARE FACTORY EQUIPPED WITH "ZIPPERS"
Convincing proof of the equipment manufacturer's changeover preference, is the selection of Strong "Zipper" Changeovers as standard factory equipment on new "AA" MOTIOGRAPH, new postwar DeVRY, and the new BRENKERT theater projectors. Strong "Zipper" Changeovers are available in three models: Strong Special (for porthole installation), Strong Zipper for sight alone or sound alone, and Strong Dual-Purpose Zipper for both sight and sound. Essannay Electric Manufacturing Co., 1438 N. Clark, Chicago 10.
STRONG'S
CHANGEOVERS
AN ESSANNAY //ELECTRIC MANUFACTURING PRODUCT
ministration," or some other equally inane slogan.
Many a man's reputation has been ruined without being accorded a chance to defend himself. Anonymous literature defaming the character of a man is almost invariably the resort of the unscrupulous and the lying, and should be completely disregarded by all.
© In a radio address recently, Keen Johnson, U. S. Under-Secretary of Labor, emphasized that although many people disagree as to the causes of depressions it was generally agreed that "from 1796 until today no major depression has been due to the fact that the wage and salaried workers of America were given too large a share of the national income." This was Mr. Johnson's reply to fears expressed by certain individuals that we were headed for an economic slump because of the gains made by labor through genuine collective bargaining.
• We got quite a bang watching Cecil R. Wood, St., member of New York Local 306, induct his son, Cecil, Jr., into membership in the 25-30 Club. Wood, St., is a former city inspector and was the chief projectionist for D. W. Griffith's renowned spectacle, "The Birth of a Nation," shown for the first time more than 30 years ago. A grandson, Cecil III, is also a member of Local 306 and grandpop threatens to stick around long enough to obligate him into the 25-30 Club.
• Arnold A. Drew, secretary of Local 596, Springfield, Mass., reported that his Local membership voted a $465 donation to the building fund of the Franklin County Public Hospital of Springfield. Public spirit of this kind goes far towards creating a better relationship between labor and industry. Members of Local 596 are to be commended for their generosity.
WESTERN ELECTRIC STOCK INCREASE
Stockholders of Western Electric Co. have approved an increase in the company's authorized capital stock from 6,000,000 to 7,500,000 shares. It is contemplated that the additional 1,500,000 shares will shortly be offered pro rata to stockholders.
The Bell System, currently engaged in the largest peacetime expansion program in its history, is placing heavy demands on W. E. for telephone equipment. Proceeds from the proposed sale of common stock will be used to finance the required expansion in W. E.'s manufacturing facilities currently under way.
Western Electric paid a divident of $1.50 per share on its common stock on December 31, to stock of record at the close of business on December 20, 1946. The company paid 50c in the third quarter and passed the dividend in the first two quarters when the company was operating at a loss. Thus, dividends for the year total $2.00 per share, the same as paid in the three preceding years.
26
INTERNATIONAL PROJECTIONIST • February 1947