'Eternally Grateful': Mrs. Eisen

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PROFOUND GRATITUDE was expressed by Mrs. Genevieve L. Eisenas she formally thanked Galen Mannan and Librascope, Inc., for theCompany's Christmas donation to the Los Angeles Orphans HomeSociety. Excerpts from Mrs. Eisen's "thank you" letter are shown here.Mrs. Eisen is president of the Home's board of directors. Galen Mannan,engineering division, handled much of the contact work involved inthe Yule charity drive.

During 12 working days, in late November and early December,991 Librascope employes contributed $2,203 so that 48 needy childrenmight fare a bit better in the months ahead. The money raised, far ex-ceeding original estimates, was used to purchase a stove and oven plusa three-months supply of assorted foods. Delivery of the new stainlesssteel cooking units is planned for April when the Home's new kitchenannex will be in operation.

In another of its aims Librascope's 1955 Yuletide philanthropy alsosucceeded admirably: An estimated 95 per cent fewer Christmas cardswere exchanged among company employes, making for a substantialsavings in time and money for all who participated.

GPL 5 'Black Box' Guides70-ton Plane in Navy Test

Widespread publicity was givenrecently to General Precision Lab-oratory's APN-66, a so-called"black box," no bigger than a suit-case, by which a 70-ton plane ofthe Airborne Early Warning Serv-ice can be flown "no hands" to apinpoint destination hundreds ofmiles away.

Though the new device prom-ises to be an effective addition tothe Navy's arsenal of coastal de-fense weapons, pioneer effort bythe Air Force led to the originaldevelopment of the automaticnavigator.

Use of the "black box" to auto-matically navigate one of theNavy's WV-2 Super-Constellation"flying radar stations" was de-scribed in articles which appeared

During National Junior Achieve-ment week, January 29 to Febru-ary 4, products from teenage com-panies all over the United Stateswill be specially displayed at Dis-neyland.

in the New York Times and theNavy Times.

The APN-66 is said to supplysuch data as position, presentcourse, true heading, altitude, airspeed and ground speed, driftangle and wind speed and direc-tion. It also computes the distancefrom destination then flashes a redlight on the control panel to tellthe crew when the destination hasbeen reached.

Since many components inGPL's "black box" were made byKearfott Company, a member ofthe same corporate family, here isanother outstanding example ofclose cooperation among the busysubsidiaries of General PrecisionEquipment Corporation.

Don't miss Librascope's "Youand Your Future," broadcast Mon-day through Friday at 6:55 a.m.,over radio station KABC.

Smith New Kearfott PrexyDonald W. Smith was recently

elected president of Kearfott Com-pany, one of the fast-growingfirms in the GPE lineup. Mr.Smith, along with President H. G.Place of General Precision Equip-ment Corp., visited Librascope lastfall.

Published By

L I B R A S C O P E E M P L O Y E E SG L E N D A L E , C A L I F O R N I A

Volume 3, Issue 12 January 1956

Librascope Has Key RoleIn New GPE EnterpriseDoolittlesDo a Lot forLoretans

When Carl Doolittle, engineer-ing, and his wife Dorothy visitedBaja California last fall (see Lib-razette, November 1955) whatpleased them most about the wholevacation was the hospitality andcharm of the people of Loreto,down Mexico way.

Frequently,, in the weeks thatfollowed, the Doolittles fondly re-called their junket south of theborder and resolved to reward theLoretans, for their warm and wel-come ways, in some tangiblefashion.

Just before Christmas, Carl andDorothy scoured Van Nuys gath-ering clothing the neighborhoodyoungsters had outgrown. Theirown three boys contributed, too.Then the Doolittles dug deep andcame up with money to buy stillmore clothes plus candy bars, toysand favor- all, what they

Librascope will play a key role in the operations of a newlyformed company owned jointly by General Precision Equip-ment Corporation and Royal McBee, world's largest manu-facturer of typewriters.

The new enterprise, under the name of Royal PrecisionCorporation, will specialize in theelectronic data handling and com-puting equipment field with devel-opment and production to be cen-tered at Librascope according toPresident Lewis W. Irnm.

Utilization of FacilitiesEmphasis will be placed on the

development of complete dataprocessing centers for office andlaboratory use, Mr. Imm said. Inthe course of this development,the new organization will utilizefacilities of both parent com-panies, combining the technicalknow-how of GPE in high-pre-cision products with the wide-spread distribution network andoffice equipment experience ofRoyal McBee.

The revolutionary effect of ap-plying the principles of automa-tion to office procedures is be-coming more apparent. An im-mediate result of this applicationis the growing need for a simpli-fied and flexible line of data proc-

collected iiiied two huge cariousthwhich soon went winging sout

via air freight marked "In careof Manuel." Manuel, who hadserved as the Doolittle boatman,distributed contents of both car-tons to the delighted children ofthe quaint little community inBaja California.

As the Valley Times reported:" . . . Because of this kind andthoughtful gesture by the Doolit-tles, it was very Feliz Natividadfor the many happy youngsters ofLoreto."

essing equipment 11medium price rang The effortsof Royal Precision Corporationwill be directed primarily to satis-fying this need.

LGP-30, a FactorUnder terms of the agreement

between GPE and Royal McBee,Librascope will develop and man-ufacture computers and data proc-essing equipment. Librascope's ca-pabilities in this area were high-lighted last month with the intro-duction of the LGP-30, a fullyautomatic general purpose com-

puter. The LGP-30, though onlythe size of an office desk, is com-petitive with room-sized comput-ers, and is much lower in price.

Royal McBee will develop andproduce accessory input and out-put mechanisms as well as codeconversion equipment and othersupplementary devices for thecomputers. It will also act as themarketing outlet for all equip-ment produced for Royal Pre-cision Corporation. A specializedsales and service force is beingorganized which, with Royal Mc-Bee's sales offices, located in morethan 100 major cities in the Unit-ed States and Canada, will marketthe new products.

About Royal McBeeRoyal McBee, manufacturers of

Royal standard, electric and port-able typewriters, also manufac-tures and markets a complete lineof McBee accounting and statis-tical machines and systems.

Last year Royal McBee Corpo-ration acquired a majoritv irest in the Robotyper Corporationof Hendersonville, N. C., makersof automatic typewriting equip-ment and auxiliary attachmentsfor rapid, multiple, production ofform letters.

It has plants in Hartford, Conn.;Athens, Ohio; Ogden, Utah; St.Louis, Mo.; Toronto and Montreal,Canada; Holland and Germany.For the fiscal year ended July 31,1955, Royal McBee's sales were$84,000,000.

SMILING HAPPILY, the new Precisioneers officers meet for the first time, since taking over the organiza-tion's reins, and begin planning 1956 activities. Shown here, 1. to r.: Loy Thompson, second shift director;Cesar Goldstein, director-at-large; Bill Greer, president; Val Castle, vice-president; Eileen Brown, secretary-treasurer; Don Bourquin, Building 3 director; Andy Lee, Building 1 director. Jack Nelson, recently appointedBuilding 2 director, was not present when picture was taken.

Bill Greer Chosen to Head PrecisioneersCompany-wide balloting to se-

lect Precisioneers officers for thecoming year was completed dur-ing January. Heading the newslate of Librascope employes whowill plan and carry out company-wide employe recreational and so-cial activities during 1956 is BillGreer, administrative department.

When informed that he had beenelected to succeed 1955 PresidentJohn Delle Fave, manufacturingplanning, Bill extended his thanksto all Librascope employes for giv-ing him this opportunity of serv-ing them.

While the newly-elected offi-cers have had little time to for-mulate concrete plans for the yearahead, Bill stated that they hopeto provide Company personnelwith the same excellent type of

. . . Old and Newservice that their predecessorshave.

At the same time, the new pres-ident indicated that he and hisfellow officers are open to sug-gestions and ideas pertaining to

Precisioneers activities from rankand file members.

Section chairmen and Precision-eers committees will be namedsometime in February, Greer said.Names of those chosen will beprinted in the Librazette as soonas they are announced.

Elected to serve with Bill for1956 are Val Castle, airborneequipment, vice-president; CesarGoldstein, manufacturing plan-ning, director-at-large; Andy Lee,adjusting, Building 1 director; DonBourquin, contracts administra-tion, Building 3 director; LoyThompson, manufacturing plan-ning, second shift, director; andEileen Brown, secretary-treasurer.

Both Cesar and Eileen are hold-overs from the 1955 group. Noneof the new officers, however, is

(Continued on page 4)

Page 2 T H E L I B R A Z E T T E January 1956

Santa Hosts Company Small Fry Aid Club Gives $10,816To Worthy Causes in '55

Donations of almost $10,000 were parceled out among localchapters of the major charities and among other specially-designated worthy organizations during 1955 as the LibrascopeAid Club wrote finis to another annual campaign in its con-tinuing "Operation Generosity" program.

An additional S1.96R was given to certain Librascope em-

A RED-COATED GENTLEMAN, name of S. Claus, twinkled his merriest to the sheer delight of 650 Libra-scope offspring and 250 parents at the annual Children's Christmas party. Santa's appearance, at HooverHigh School auditorium in Glendale on December 16, climaxed a fun-filled afternoon which included pro-fessional entertainment, candy canes and balloons, community singing, movies and cartoons.

Strictly for laughs, Goo Goo and Niko "clowned like crazy" — so one starry-eyed youngster reports —and Loretta La Pearl put her trained puppies through their peppy paces. . . The party, a project of thePrecisioneers Club, was arranged by a committee headed by Max Oserkis. (Photo by Duggan)

Bowling Barrage CausesBig Shakeup in League

Members of the Librascope Bowling League really zeroedin on the head pin during the 18th week of kegling. Leadingthe barrage was Ray Bigby, manufacturing, stellar anchorman on the Beavers, who compiled a sizzling 247-18 game totake over as seasonal high individual game leader amongthe men.

plpyes whose personal difficulties—in the committee's opinion —qualified them for special help un-der the "hardship cases" clause ofthe club's constitution.

Formed in mid-1953, mainly toestablish a more efficient andstreamlined system for conduct-ing annual fund drives for worth-while charitable organizations, theAid CIUD now numbers 77 percent of all Company employesamong its members.

Payroll Deductions PreferredNearly all Aid Club members

contribute the painless way—viapayroll deduction—though lump-sum contributions are also some-times made and are acceptable.Real hope is that each memberwill pledge an amount he feelsadequately squares with his obli-gation to his community . . . and tohimself.

Aid Club membership is opento all Company employes on avoluntary basis. Goal, of course, isto build enrollment to 100 percent. Librascope personnel, whomight be considering joining theAid Club, will find this data worthnoting:

1. Members may designate theirfavorite charities or may grantpermission for the committee toallocate funds. If "favorite chari-ties" are designated, the commit-tee is honor-bound to comply withthese requests.

2. Decal-type stickers are is-sued to Aid Club members toshow that they are contributors.

3. Funds collected are allocatedby a committee composed of one

representative for every 100 em-ployes, and a permanent repre-sentative from the personnel de-partment. Committee members areelected for one-year terms, withhalf the members being replacedevery six months.

4. Payroll deductions are madein even dollar amounts eachmonth. Most Club members pledge$1.00 monthly. No deductions aremade during times when a mem-ber is absent without pay.

5. Club membership is flexible.Members may start at any timeand are permitted to revise theircontributions either up or down.Two weeks written notice must begiven if membership cancellationis desired.

Committee Changes NamedAs a result of recent elections

these changes have been made inthe Aid Club committee: BobSommerville, engineering division,replaced Bill Reinholtz, engineer-ing division; Thole Isebrands,machine shop, first shift, replacedLouis Conetta, machine shop, firstshift; Ed Grossman, model shop,second shift, replaced Jim John-son, machine shop, second shift;and Vi Tarbell, accounting, re-placed Eloy Barrios, accounting.

Dorothy Cozad, manufacturingplanning, is the new committeesecretary. She replaced HeleneWhitt, purchasing. Ross Hazeltine,assembly, was appointed to re-place Don Panknin, who terminat-ed his Librascope.employment re-cently.

(Continued on page 4)

Ray's 247 scratch game was 11 pins better than the league'sprevious best, a 236 marked up byleague prexy Fred Killips, stockroom, of the Guzzlers. It alsoproved to be 10 pins better thanthe 229-26-255 game of DickWalsh, purchasing, which had ledthe league for several weeks.

How They're DoingLeague standings at the com-

pletion of 18 weeks of bowlingare:

Seasonal HighsIn addition to Ray's sterling ef-

fort, several teams rolled theirhigh team games or series for theyear the same night. The PackRats tore up all the wood in sightas they blasted the pins for a tre-mendous 2983 series, 175 pins bet-ter than their nearest competitor.

At the same time, the Go Furswere hitting a 994 game, highteam game of the week, and theGo Furs high for the season aswell. The Guttersnipes came thruwith a 974 total in their finalgame with the Beavers to gain asplit for the night.

League LeadersThe wholesale shuffle among

the leaders saw only two retaintheir top spots: Four Hits and AMiss maintained first place in theleague standings, although theironce commanding lead has dwin-dled to a mere half game margin;and Cleo Moore's 197-36-233 wentunchallenged as the top game forthe season among the femininecontingent.

Cleo teamed up with Kay Small,assembly, Nancy Slike, engineer-ing services, Jean Galley andThelma Brown, wiring, to competein the San Fernando Valley Wom-en's tournament currently beingheld at the Airport Bowl. Howthey fared will remain a deepmystery until tournament resultsare known some time in February.

Deadline for the FebruaryLibrazette is February 6.

No. Name Won7 4 Hits & A Miss 484 We Wuz Robb'd 47%

10 Guzzlers13 Pack Rats6 Beavers3 Super Doops

14 Bob Cats11 Pop's Five

9 Guttersnipes1 Ceci's5 Go Furs8 Decisioneers

12 Pin Heads2 Katz

43 y24040381/2371/2361/236333129 y22518

Lost24241/428 y23232331/234 y235 y2363941421/24754

Librascope welcomes the follow-ing new employes:

Engineering —Myron R. Prevatte, Richard J.Saunders, Gray E. Lange, DonV. Tubbs, Earl H. Crawford,Raymond L. Waid, Paul R.Miller, Eva L. Gosling, Al-fonso Leto.

Machine Shop —Currie Maywether, Charles M.Kinsey, Leonard Lamb, Gor-don A. Cameron, Ronald O.Baker, Harold E. Edwards,Elmo A. Anstey.

Accounting —Leslie W. Blanchard

Assembly —Viola R. Mattson, Thelma G.Brown.

Model Shop —William Sehe

Stockroom —Joseph A. Dahlia

Bldg. Maintenance —Frederick E. Wallace

NEW MEMBERS of Librascope's Aid Club committee join holdover members under direction of Bob Jewett,organization president, and plans for the year ahead begin to take shape. Shown in picture, 1. to r., standing:Don Derrington, Ed Grossman, Ross Hazeltine, Reggie Moore, Ray McDonald, Thole Isebrands, Bob Som-merville. Seated with Jewett are Vi Tarbell (left) and Dorothy Cozad.

GPE AcquiresBerkeley Firm

Most of the outstanding stockof Shand and Jurs Company hasbeen acquired by General Pre-cision Equipment Corporation itwas recently announced. A Berke-ley, Calif., firm first organized in1922, Shand and Jurs Companypioneered development of storageand handling equipment for flam-mable liquids used mainly in theoil and chemical industries.

General Precision Equipmentnow has 20 subsidiaries. Like Lib-rascope, all members of the GPEfamily produce and market pre-cision products for industry anddefense.

Shand and Jurs, whose sales hitan estimated $2.5 million in 1955,will be operated under its pres-ent management as a separate en-tity it was explained by GPEspokesmen.

7955 AID CLUB 'BOX SCORE'Here's how Aid Club funds were distributed last year . . .Organization AmountLos Angeles Indian CenterGlendale Heart Association 1,000.00American Cancer Society 1,000.00City of Hope 500.00Care 125.00Sister Elizabeth Kenny FoundationLos Angeles County Tuberculosis AssociationLos Angeles Children's HospitalBurbank Hospital Fund 1,000.00United Cerebral Palsy Association of Los Angeles 500.00American Red Cross 1,500.00National Multiple Sclerosis SocietyRancho San Antonio Boys Town of the WestPiney Woods Country Life SchoolCommunity Chest of Glendale 1,500.00Meals for Millions Foundation 60.00Muscular DystrophyEl Retiro School for GirlsSalvation Army 300.00

Total distributed to organized charities $9,880.00Allocated for "hardship needs" of Company employes.... ...$1,966.00

Total funds distributed $11'84?'52Balance on hand, January 1, 1956 $2,713.67

January 1956 T H E L I B R A Z E T T E Page 3

Credit UnionMembershipRises Rapidly

Though its history coversless than three years, the Lib-rascope Credit Union nownumbers more than 60 per-cent of all Company employesamong its members, and newaccounts are being openedeach week.

Today some 18,000 companiesoperate credit unions which pro-vide a convenient savings planand source of credit for over 8,-000,000 workers. And because in-terest is widespread, here arefacts on the Librascope CreditUnion:

1. Membership is limited to Lib-rascope employes and members oftheir immediate families. A hus-band and wife may have a jointaccount or each may have a sep-arate account.

2. An account may be openedby investing 50c. No loans will bearranged until an employe ownsone Credit Union share and hasbeen -with Librascope at least threemonths. Shares sell for $5.00 each.

3. Payroll deductions make iteasy for an employe to savemoney or to repay a loan.

4. While secured loans (for anautomobile, furniture, etc.) will bemade after three months Libra-scope employment, u n s e c u r e dloans may not be obtained untilafter six months service.

5. Interest rates on loans varyfrom one-half to one per cent permonth on the unpaid balance de-pending on the type of loan. In-terest rates drop when loans arepaid off sooner than required.

Yuletide Merrymaking -1955

per cent of the published new carlist price (and accessories) will bemade.

7. Credit Union loans are in-sured against death of the bor-rower. If the borrower should die,the loan is considered paid.

8. Business affairs are directedby the seven members of theCredit Union board of directors.

9. Top limit any employe caninvest in the Credit Union is$5,000. Dividends are figured on amonthly basis and are paid onshares outstanding as of Decem-ber 31 each year.

Credit Union office hours are11:45 a.m. to 12:30 p.m., and 4:00to 4:45 p.m., Monday through Fri-day. Offices are located in thePersonnel Department, Building 2.

At a meeting held January 25,new Credit Union officers for1956 were elected. Results of theelection and news of the 1955 fi-nancial report reached the Libra-zette too late for publication.

Club to HearBusinessman

Mr. Arnold Peterson, presidentof the A. E. Peterson Manufactur-ing Co. in Glendale and popularbusinessmen's speaker in South-ern California, will address theLibrascope Bible study group Jan.25. His announced subject: "TheMost Important Thing in Life."Mr. Peterson is the well knownsponsor of Glendale's chapter ofChristian Businessmen.

On February 1, Mr. RichardNiece, also a lay speaker, pays areturn visit to the Bible Clubwhich meets in the conferenceroom of Building 1. He will speakon the prophecy of Daniel. Re-cently Mr. Niece made an intensestudy of the Books of Daniel andRevelation.

Two films, titled "Ancient Civil-izations" and "Major Religions ofthe World," were shown to thegroup during the past month.

The 35 members meet Mondaysand Wednesdays during both theshop and office lunch periods. AllLibrascope employes are welcometo join the Bible study group. Forfurther information, contact Rol-and Smith, purchasing, ext. 382.

iMERRY MAKERS stepped high, wide and then-some on the night ofDec. 23 when the Company's 1955 social calendar rocked and rolled toa festive and fun-filled climax at the annual Librascope dinner dance.Pictured here are many, among the more than 700 Yuletide revelers,who attended the gala event held in the Ambassador Hotel's famousSunset Ballroom. Harvey Goodwin, Production Control, held the win-ning number and went home the proud owner of a 24-inch Packard-

Bell television set, awarded by the Precisioneers as a door prize. Harveyis shown in center of picture at left with John Delle Fave, tool design,retired president of the Precisioneers organization, who made the pre-sensation. Bob Garrett, commercial department, at left in picture,manned the microphone and emceed the drawing.

(Photo by Crawford and Duggan)

Hoopsters Lose 62-61Thriller to Weber

Until now the Librazette editorhas been trying to cover the babybeat all by himself. And it hasn'tbeen easy. So this month he in-

all readers to becomeClub correspondents and help himkeep up to date on who had what!Please submit all glad tidings tothe Librazette editor and remem-ber to mention the date of birth,name, weight and sex.

The Precisioneers present ababy blanket to each new off-spring born of Librascope parents.To get a blanket contact EileenBrown, after your baby arrives,and let her know the happy news.As manager of the Precisioneersstore, Eileen awards blankets to allproud parents.

Recent blanket winners were:Rex Williams, model shop, twins

—boy and girl.Stuart Schy, engineering, girlBill McAboy, engineering, girl

Bargains Offered by StoreTwo terrific bargains are now

available at the PrecisioneersStore: A 20-piece plastic dinner-ware starter set, which usuallyretails at $14.95, at the low, lowprice of $7.00; available in yellow,cinnamon, or aqua. Revere Warestarter sets are also available ata special price.

The LibrazetteCopyright 1953 by Librascope, Inc.808 Western Avenue, GlendaleEditor News EditorJohn Laubacher Joe MeschArt Editor PhotographerKeith Kinnaird Lee Duggan

Staff WritersDonna Snyder

Bob DuffJim Robinson

CorrespondentsBob Day BurbankChuck Freeman . . . Santa AnaBill Goeppinger AdjustmentDoris Appleby AssemblyCharlotte Hoskinson....EngineeringMarge Anton

Manufacturing PlanningRobert McCollum Model ShopMac McKeague PersonnelRay McDonald PersonnelBetty Meyer....Production ControlMillie Calitri.... ....Sales

GENE HINTON, stellar Precisioneers forward goes high in the air toscore two points on a rebound attempt in a recent game at BurroughsHigh. Observing the action are Kenny Waters (5) and big Bill Rich-mond. Hinton, who has scored more than a hundred points in six leaguegames, is the team's, and the league's, leading scorer.

(Photo by Duggan)

A free throw in the final 10seconds of play gave league-leading Weber Aircraft a pul-sating 62-61 victory over thePrecisioneers five in the Bur-bank Industrial League, Jan.23.

The game, played at theBurroughs High gym, pitted thepattern offense of the well-drilledand undefeated, W e b e r t e a magainst the fast-breaking, ball-hawking, once-defeated Precision-eers.

Assume Early LeadWeber broke fast, zooming into

a 9-1 lead early in the first quar-ter. At this point the Librascopefive effort was characterized bysloppy ball handling and missedshots. Down almost 20 points atthe half, the Precisioneers lookedlike a badly beaten ball club.

In the third quarter, however,Gene Hinton and Big Bill Rich-mond caught fire to pull the Pre-cisioneers within four points asthe fourth quarter opened.

Putting increasing pressure onthe Weber team, the local fivematched the gold-clad oppositionbasket for basket. With less thantwo minutes remaining in thegame, the Librascope five finallytied the score at 58-all.

Nip-and-Tuck AffairThe teams traded baskets, then

free throws, to make it 61-all withbut seconds left. At that point,Gene Hinton, making a desperatebid for a loose ball, fouled aWeber guard who promptly sankhis first attempt from the charityline.

Bill Richmond plucked his sec-ond attempt off the boards, butKenny Waters' last-second shot atthe basket bounced harmlesslyaway as the final whistle sounded.

The game was a wild and woolyaffair from start to finish withnumerous flare-ups between play-ers and officials over foul callsspicing the action. Altogether, thewhistle tooters called a total of 41fouls with Librascope receiptingfor 25.

(Continued on page 4)

Page 4 L I B R A Z l i T T E January 1956

MENALCO ReceivesCorporate Charter

Metal Enameling Company, Librascope's current entry inthe Junior Achievement program, rose to formal corporatestature Jan. 12, when an official charter was presented to itsfledgling president, Paul Maxwell.

Bill Bratton, Librascope vice-president, made the presenta-

MEMBERS OF THE 1956 Precisioneers basketball team take time out from their busy schedule to pose forthe staff photographer. Sparked by the Hinton brothers and big Bill Richmond, the Precisioneers have sweptto four victories in six starts in the Burbank Industrial league. Front row, 1. to r., are Art Moreno, shippingand receiving; Ronnie Freda, shipping and receiving; Bob Bruce, cafeteria (Coach); Neil Hinton, productioncontrol; Tony Noriega, timekeeping. Back row, 1. to r., Kenny Waters, production control; Gene Hinton,material control; Bill Richmond, material control; Art Mesch, engineering services; Ronnie Baker, machineshop; and Chuck Royer, tooling.

(Photo by Duggan)

Basketball(Continued from page 3)

The victory left Weber's slateuntarnished, while the Precision-eers now sport a 4-2 record, bothdefeats being one-point affairs.

Off to a Flying StartIn early season games the Lib-

rascope quintet defeated CollinsRadio 58-53 on Dec. 27. They car-ried their winning ways over intothe new year when they raced pastMenasco Jan. 3 by a score of 52to 43.

The team suffered its first de-feat of the season Jan. 11 whenPacific Airmotive Corp. eked outa spine-tingling 32-31 upset vic-tory with two long set shots in thefinal minute of play. Our boys al-most pulled this one out of thefire in the remaining seconds, butcouldn't connect in a half-dozenattempts at the PAC basket.

They got back on the victorytrail against Adel on Jan. 16, whenthey won a loosely-played ballgame by a score of 38-23. And inwhat was supposed to be a tune-up for the Weber contest theytrounced a weak Stuart Lab quin-tet 55-27, Jan. 19.

The Precisioneers five has onegame remaining in the first roundof league play and with a total ofeight games left to play still hopeto finish on top of the leaguestandings.

Investment Club Teaches'High Finance' to Members

For Company employes who wouldn't know a debenturefrom a Dow-Jones closing—but who would like to—and forthose who have a few spare dollars not ear-marked for nextmonth's grocery bill, the Librascope Investment Club lookslike a sure-fire way to learn all about "high finance."

Library NewsThe following books are now

available at the Precisioneers li-brary:

FICTIONMarjorie MorningstarThe TontineSong of the SkyBlizzardThe Plumes Hang HighCash McCallAn Episode of SparrowsThe Treasure of Pleasant ValleyFarewell to Valley Forge

NON-FICTIONLincoln's SonsWe Die AloneAfter You, Marco PoloInside AfricaArctic Doctor

Precisioneers(Continued from page 1)

exactly a stranger to Companysocial and philanthropic activities,all having participated on a vol-untary basis in Precisioneer-spon-sored events in years past. If com-mittee enthusiasm and hard workmean anything, all Librascopemembers are assured of anotherfull year of group social activitiesand special events.

"Smitty" Schmidt, engineeringdivision, and Nate Sands, engi-neering services, point out thatthe newly organized InvestmentClub is "an association of Libra-scope personnel interested in mod-est stock investment for the pur-pose of investment education anddollar growth by careful stockanalysis."

Schmidt is currently serving asclub president, Nate as secretary.Both men were active in establish-ing the club and in shaping itsconstitution.

How Club OperatesIn brief, here's how the club

operates. Members agree to con-tribute a set sum monthly, pay-able the first payday of eachmonth, to the club treasurer.Monthly contributions may rangefrom $10 to $50 in multiples of$10.

The securities committee, elect-ed from among the club's member-ship, in council with the club vicepresident, meet to determine howbest to invest the club's money.The committee's recommendations,based on a careful study of themarket plus the advice of reliablebrokerage firms, are made in writ-ing and are voted on by the gen-eral membership. If the commit-tee's stock-purchase suggestionsare approved by a majority of allclub members, one of the club'sbrokers is instructed to buy thestocks agreed upon for thatmonth.

Each securities committee mem-ber serves for five months. Dur-ing that time he has ample oppor-tunity to become initiated intothe mysteries of stock exchangeactivities. Securities committeemembers, and other members too,will have access to literature fromthe brokerage firms which handlethe club's account. Market expertswill be invited to speak at theregular monthly meetings of thegeneral membership, set for thelast Wednesday of each month.

Safe Investment Program"This is not a 'get-rich-quick'

scheme," club President Schmidtemphasizes. "It is mainly an efforttoward safe investment, which,over the long pull, may increase a

member's net worth. Our real hopeis that club members will learnenough about stock transactions,through the group's activities, tosatisfactorily invest their own sur-plus money quite apart from theclub's investment program."

Investment clubs, similar to theLibrascope group, are not brandnew to the American scene. Anestimated 10 per cent of all stockhandled on the New York StockExchange is bought and sold byinvestment club members.

Club Officers NamedBesides "Smitty" Schmidt and

Nate Sands, these Librascope menare serving as club officers: OttoGelormini, airborne equipment,vice-president; and Norm Stevens,contracts, treasurer agent. Cur-rently serving on the securitiescommittee are John Davis, air-borne equipment; Charlie Ahrens,engineering; Leo Deitz, engineer-ing; Bob Binz, shipboard equip-ment; and Gelormini.

Forty stock-minded membersare now taking advantage of theclub's functions. New membersmay enter in January, April, Julyor October. Two weeks' notice isrequired before any member's res-ignation becomes effective.

Readers who want more infor-mation on the Librascope Invest-ment Club are advised to contactone of the club's officers or amember of the securities com-mittee.

Aid ClubC Continued from page 2)

Retiring committee membersmerit a warm and sincere vote ofthanks for the careful way ini"hirh they administered. AidClub funds during the past year.The whole committee's studied de-cisions are charted in the "boxscore" which appears elsewhere onthis page.

Those employes who are not nowmembers of the Aid Club but whowish to join are urged to contacttheir official representative or thePersonnel Department. This yearthe club hopes to push its mem-bership figure to the 100 per centmark!

tion. He explained that JuniorAchievement charters strongly re-semble those which the State ofCalifornia grants to every newcorporation formed within itsborders.

Learn by DoingThrough Junior Achievement,

interested youngsters are affordedopportunity to learn about thecomplexities of economic and busi-ness life. By forming and operat-ing an actual company they gainpractical knowledge and experi-ence in how to produce and sell aproduct.

During the 1955-1956 schoolyear the teenage tycoons of Metal

To raise capital to finance de-sign, production, and sale of prod-ucts, 101 corporate shares weresold at 50 cents a share. MetalEnameling Company will flourishuntil the school year closes. Divi-dends, if any, will be declared,and stock certificates redeemed,when the corporation dissolvesnext June.

MEMBERS TOUR PLANTThe sixteen members of the Lib-

rascope-sponsored group touredCompany facilities on December19, for first-hand tips on how torun their corporation, then joinedPresident Lewis Imm for lunch.

LIBRASCOPE VICE-PRESIDENT Bill Bratton, front row left, andCompany advisors to the newly-incorporated Metal Enameling Com-pany (MENALCO) smile their approval as Mr. Bratton presents thecorporation charter to Paul Maxwell, youthful company president, at arecent plant ceremony. MENALCO, Librascope-sponsored entrant inthe Junior Achievement program, is currently turning out a variety ofjewelry items which Company employes may purchase at the Precision-eers store. The MENALCO advisors observing the presentation are rear,1. to r., Frank Copple, engineering; Bill Brown, payroll, and RalphBarnett, military sales. (Photo by Duggan)

Enameling Company (MENAL-CO) are working under the ad-visory wing of three Librascopemen. Bill Brown, payroll, servesas chief advisor. Ralph Barnett,administrative department, adviseson sales activities. Frank Copple,engineering, supervises MENALCOproduction. Bill, Ralph and Frankconduct many of the organization'sexecutive meetings. They also di-rect the two-hour work sessionsheld each week at the BurbankJunior Achievement Center, wherenecessary production equipment isavailable to the Metal Enamelingcrew.

Officers ChosenFrom among their sixteen mem-

bers, these youngsters were re-cently elected to serve as MEN-ALCO officers: Paul Maxwell,president; Janice Pung, vice-pres-ident; Sharon Musson, secretary;and Ronnie Bufton, treasurer.High schools represented in thegroup are North Hollywood, Bur-bank, Burroughs, Hoover, Glen-dale High, Villa Cabrini andNotre Dame.

MENALCO products includevery attractive cuff links, tie claspsand earrings, now displayed atthe Precisioneers Store. The cufflinks sell for $2.50 a pair; tieclasps, $1.50; and earrings, $1.25.Many interesting designs and col-ors are available from open stock.Orders will also be taken tailoredto your own design preference andcolor scheme, all at no extra cost.

. . . MENALCO Jewels

TEENAGE ARTISANS gather at their work bench to turn out theproducts of Metal Enameling Company, Librascope's youthful entry inthe Junior Achievement program for the 1955-1956 school year.MENALCO-manufactured tie clasps, earrings and cuff links, attrac-tively designed and moderately priced, are currently on sale at thePrecisioneers store.