=================================================================== | PREFERRED | | COMMON | | NO. OF YEAR | SHARES | PRICE | SHARES | PRICE | EMPLOYEES | TAKEN | | TAKEN | | SUBSCRIBING -----+-----------+-------------+-----------+----------+------------ 1921 | ---- | ---- | 255,308 | $81.00 | 81,710 1920 | ---- | ---- | 161,298 | 106.00 | 63,324 1919 | ---- | ---- | 155,098 | 92.00 | 59,792 1918 | ---- | ---- | 93,488 | 92.00 | 41,991 1917 | ---- | ---- | 66,519 | 107.00 | 38,326 1916 | ---- | ---- | 49,538 | 85.00 | 24,631 1915 | | No offering | | | 1914 | 42,687 | 105.00 | 47,346 | 57.00 | 45,928 1913 | 34,418 | 109.00 | 25,583 | 66.00 | 35,687 1912 | 30,613 | 110.00 | 30,528 | 65.00 | 36,575 1911 | 19,324 | 114.00 | 29,072 | 70.00 | 26,305 1910 | 24,679 | 124.00 | ---- | ---- | 17,381 1909 | 17,953 | 110.00 | 15,380 | 50.00 | 19,116 1908 | 30,398 | 87.50 | ---- | ---- | 24,527 1907 | 27,150 | 102.00 | ---- | ---- | 14,163 1906 | 24,001 | 100.00 | ---- | ---- | 12,192 1905 | 18,180 | 87.50 | ---- | ---- | 8,494 1904 | 31,644 | 55.00 | ---- | ---- | 9,912 1903 | 47,551 | 82.50 | ---- | ---- | 26,399 -----+-----------+-------------+-----------+----------+------------ NOTE: Above figures differ slightly from those given in annual reports, a few employees having failed each year to go through with their subscriptions. Besides being given as much as three years to pay for stock purchased employees who hold their stock receive an annual bonus for five years. At first, when only preferred stock was issued, the bonus was $5.00 a year. Later, when the common stock began to have a real investment value, this, too, was offered with an annual bonus of $3.50. But in recent years the investment value of the common stock still further increasing, and it having become impossible to purchase any considerable amount of preferred stock at a reasonable price, only the junior security has been offered employees and the bonus on the common has been raised to $5.00 a year.