The Argus Night Shift
Reviewing Argus Progress
All of us at Argus- profit-sharers, employees and stockholders-have been very encouraged with
business in 1954. The uncertainties of the spring months gave way to a satisfactory summer and a
record fiscal year. The steady market has continued into this f all season, a better fall than the
corresponding period last year. You may remember that business was slow af ter last year's Christmas
season. The primary reason for this inactivity was that many dealers were overstocked with Christmas
inventory. This year Cari Chapman and his market research group are watching dealers' inventories
very closely . Current reports indicate that an overstocked situation is not likely to reoccur in
1955. That being the case, our spring business should be firm. We have based our post-Christmas
schedule on this forecast. In a seasonal business, it is not always possible to keep production at a
steady rate throughout the year . Nevertheless, that is a goal toward which we are continually
working, and I believe we have made real progress in that direction during the past few years . We
will continue this policy next year by investing our money in inventory during the first few months
of the year when sales are slow. As you know, when sales are temporarily higher than our forecasts,
we try to meet the demand by overtime. While this reduces the Company's profit per camera, it does
enable us to maintain steadier employment. IDEAS FOR ELIMINATING SCRAP WANTED A subject closely
related to business success is the cost of scrap. In the past, reductions in scrap costs have been
encouraging, but this waste must be cut even further .
As I reported at the Animal Dinner the other night, we averaged $25,000 per month scrap cost last
year. To pay for this much waste, Argus must sell an additional $175,000 worth of cameras each
month. That's a lot of camera sales. And it is also an unnecessary penalty on our production costs .
If we are to maintain the enviable position of being the company that offers the customer the most
camera for his money, we must keep production costs down. Every one of us at Argus can probably
think of s ever al ways to cut scrap on his job or another job in the plant. Ideas on this subject
are welcomed in the Suggestion Plan Office. If an idea is acceptable, an employee benefits in two
ways: he collects a suggestion award and he insures his own job by helping to make the Company more
competitive. The reduction in costs also makes possible a larger Company contribution to the
Profit-Sharing Fund. JUNIOR ACHBEVEMENT PROGRAM BEGINS Jerry Craig, president of the Junior
Achievement group sponsored by Argus this year, stopped in my office last month to sell me stock in
the JA company. I was interested to learn that this group is transforming our reflector rejects into
usable and attr active ash trays as their project this year. Ginny Lau, Wes Donaldson, Bob Cuny,
Dave Oughton, and Ralph Parsons, who are working with this group, should be proud of the important
part they are playing in teaching these youngsters the techniques of production, selling, and
business. Such experience gained by high school boys and girls will prove invaluable to them in the
future. I understand that Fred Steinhebel is also assisting in this fine work as an adviser for the
Junior Chamber of Commerce sponsored group.
Production Planners Are P A System Famous Names
An answer to the request for "pictures of people with famous names" that are paged over
the public address system sent to Andy ArguB,
Among the ñames most of ten broadcast on the Argus public address system are those of
Production Planners. These men see that machine operators have material to work with, that
assemblers have parts to assemble. They determine the quantity of parts to be manufactured, the
type of material required and the date the material is needed. Work about the plant keeps them
away f rom home -base- their desks in Production Planning, lst floor of Plant I. When they are
needed, the easiest and quickest way to find them is to page them on the P.A. system- thus theirs
have become some of the most frequently-heard names at Argus.
Argus Community Chest Donations Hit New High
Over $16,000 was donated by employees and the Company to the 1954 Community Chest and Red Cross
drive at Argus. This yearTs total tops last year's record figure of $15,500 by over $500. Employees
contributed $8,146.00 of the total, and this figure was matched, dollar for dollar, by the Company .
Some $12,300.00 of the total went to the Community Chest, $2,876.00 will go to the Red Cross and the
remainder will be allocated to outlying areas. Many employees contributed a day's pay or more in
answer to the plant's "Give a Day's Pay" campaign. In a drawing for prizes awarded in the
campaign, Paul Mason, Lens Grinding, won the projector, Irving Halman, Accounting, and Bill Kinny,
Standards, each won an A-4 and Robert Kalmbach, Accounting, won a "40". Campaign chairmen
at Argus said that employees' response to this year's campaign was outstanding and every person who
participated is to be thanked for his help.
135 Employees Give Blood
135 Argusites were donors in the Ann Arbor Blood Bank Drive on October 26 and 27. Other Ann Arbor
industries whose employees contributed were King-Seeley, Hoover Ball and Bearing, Economy Baler,
Buhr Machine Tool Co. and Cook Plant. Only those employees who sign an agreement to contribute blood
may obtain it, free of charge, for themselves and their families should an emergency arise.
New "company" Converts Reflectors To Ash Trays
A group of high school students I are learning the ways of business by transforming rejected
camera j reflectors into ash trays and I keting them in a Junior Achievement project sponsored by
Argus 1 this year. The Argus group is one of 1 eral being sponsored by various industries for the
second time in the history of Ann Arbor. Purpose of the program is to provide high ! school students
with the opportunity of learning a business by operating one. Reflectors become ash trays by I first
forming cigarette-holding depressions in the reflectors with a die. Then the reflectors are anodized
to become a bright, I tive color. An appropriate I nia or design is placed on the I torn of the
reflector and covered with a glass disk. For ash trays sold at Argus, the group plans an appropriate
Argus insignia for the bottom . All work is done by the youngsters themselves at the Junior j
Achievement Center in Ann Arbor. I Guiding the Argus group are Wes Donaldson, Service, who is sales
j advisor; Bob Cuny, Engineering, j who is business advisor and Ginny Lau, Camera Assembly, who is J
production advisor . Ralph Parsons, i Paint Shop and Dave Oughton, I gineering, work with the group,
also. Ash trays will be sold at Argus j in the near future.
Hurricane Hazel Jinx Extends To Argus Delivery Of Relief Supplies
"Operation Hazel" was as capricious as its hurricane namesake for Elmer Kalmbach,
Shipping, who drove an Argus truck filled with blankets and warm clothes from Ann Arbor to the
Toronto hurricane victims last month. The shipment was part of a delivery of some 2,000 pounds of
supplies collected by the Ann Arbor Junior Chamber of Commerce after 8 inches of rain from Hurricane
Hazel sent the Humber River on a rampage on October 15 . On Wednesday, October 20, at 7:30 p.m.,
Elmer Kalmbach left Ann Arbor with his loaded truck. But all was not smooth sailing. It was 12:30
a.m. before delaying border red tape was cut and the truck passed Canadian customs.
Near Paris, Ontario, Canada, the truck became temperamental. After three mechanical breakdowns
and ten hours of delay, Elmer and his passengers, Bill MacFarland and James Winters of the JCC,
began to wonder if they'd ever see Toronto. Finally, late Thursday night, they reached Toronto,
red-eyed and exhausted f rom lack of sleep. On Friday morning, Elmer drove the supplies into the
village of Woodbridge, a Toronto suburb. Clothing was immediately distributed to the 60 gr at ef ui
families who lost everything they owned to Hurricane Hazel. Elmer, who visited several destroyed
homes in the area and talked to refugees, said that houses were demolished and entire families were
"orchid" Letters Sing Our Praises
SUSIE who works on the "75" line JOE who works in the Machine Shop
are just two of many people at Argus who never hear the praise and problems expounded by
customers who send us letters. So that everyone can know just what our customers think of the job
weTre doing and the products we're making, Sales and Service people pass along these letters of
praise that come the way of their departments each day.
You Get a Big Orchid ! ARGUSITES ARE THE GREATEST SAYS CAMERA REPAIR COMPANY MAN
"I was greatly impressed by your fine factory, personnel and the courtesies shown me while I
was in Ann Arbor, and I want to congratúlate you on having the most outstanding factory in
the photographic field. I feit that your employees, f rom the
factory worker to top key men, were of the highest caliber. This certainly is reflected not only
in the high quality of your merchandise, but in the prestige your company has given to the
Our Cameras Get Orchids ! C4 "HAS EVERYTHING BUT A PERCOLATOR" LADY WRITES US
"I find myself forced to take time out in a busy day to extend an norchid." Tve been an
Argus camera owner ever since you first got out the fixed-focus 35 mm., 'way back when. In the many
years I had that camera, I paid out nothing whatever in repairs, and have albums of splendid
pictures from it. Shortly afteryou came outwith the Argus 40, I sold my little 35 mm. to a friend
(who is still using it with good results) and purchased the 40, which I still have, and intend to
keep. . .for black and whites.
Today, I am the PROUD owner of a C4, converted to take a Lithagon Telephoto lens-also the Zoom
Vue- and of course, the case and flash. What a compact, neat, little job! It has more features than
some of the higher-priced cameras I looked at. When I showed it to a business associate, she
commented: "It's got everything but a percolator!" I want to compliment you, too, on your
easy-reading, understandable book of instructions. While I, personally, wonTt have too much use for
it being pretty well ver sed on
tography, I feel the down-to-earth illustrations and step-by-step instructions for operation will
be of invaluable assistance to anyone not too familiar with cameras.''
I GOT PROFESSIONAL PICTURES FROM THE START SAYS C3 FAN
MUpon the arrival of our daughter in August, 1953, I decided that the best way to record her
growth and characteristics was pictorially . After investigating the advantages and disadvantages of
a multitude of cameras in the comparatively low price 35 mm. class, I decided upon Argus C3. Being a
novice in the amateur
35 mm. color class, I was fully prepared for many over and under exposed and in general many
unsatisfactory pictures at first. But much to my surprise, Tprofessional-likeT pictures are peculiar
to this Argus f rom the start. Now af ter a year has elapsed, I have naturally added to my
hobby such things as filters, a light meter, slide file, etc. I have also taken over 300 pictures
(all in color) with very few f ailures . I am happy to say that I have not only fulfilled my
original object of recording my daughter's growth pictorially, but have found many hours of
enjoyment through my new -found hobby."
NEVER-FAIL FORMULA FOR SHARP PICTURES INCLUDES ARGUS "40"
"About six years ago, I bought an Argoflex. Then in 1949 I sold it and bought a competitor's
reflex which cost almost twice the price of an Argoflex. In comparing results, I note that pictures
taken with an Argus, on a general average, are much better. During the past six or seven years, I
have used cameras ranging in price
from $10 to $300. Argus is my first choice. I have returned to your product. This afternoon I
bought a new Argoflex Forty. Argoflex plus Ansco Supreme Film plus Kodak Microdol developer is a
never-failing formula f or good, sharpdetailed pictures.
A CUSTOMER SAID IT: "To "be a"ble to get letters of congratulation f rom anyone
during these days without running a contest or paying for it in some other way, one must certainly
have a wonderful product. I congratúlate you!"
Spooks And Goblins Cavort At Halloween Dance
MWe at the VFW Club were happy to have had all you witches, goblins, etc, at your annual
Halloween party. Some of those costumes could have walked away with first prize at any costume ball!
If, at any time, you' re interested in another party, we'd be more than happy to work with you. Our
thanks to members of the Argus Recreation Club and especially to Don, Bill, George, Art and the rest
of the gang." Don Bailey V.F.W. Manager
The Night Shift "night" People At Argus Keep Both Plants Buzzing While People Of The
Day Shift Relax With Their Families At Home
330 " the end of the workday for most Argusites is the dawn of a new one for Night Shift
people who keep the plant buzzing until shortly af ter midnight. The Paint Shop, Machine Shop,
Shipping Department, Lens Grinding, Blocking, Centering, Tool Room are the major departments that
work at night. Others are Maintenance people who are busy at night making the plant spie and span
for the morning. Nighttime is a busy time for the plant guards who make regular window and door
-checking rounds, provide an ambulance service for emergencies, opérate the night switchboard
and stand their regular sentry watch at the doors . For most of us, to begin the workday in
mid-afternoon and end it in the black of night, would créate a
turvey world. Night-shift people occasionally look enviously at day people who relax in the
evening, but most of them are willing to admit that their shift has compensations . A night-shift
man needn't bother winding his alarm clock for the morning. He can take advantage of his free
morning hours by hunting, fishing or attending .classes. Because the shift is small, night people
have ampie opportunity to get acquainted with each other. And most of them are proud of their
congenial group. The Night Shift carries on while day people relax at home. Without them, Argus
could not keep up normal operations for long.
The Night Shift "night" People At Argus Keep Both Plants Buzzing While People Of The
Day Shift Relax With Their Families At Home
Camera Club Has 1st Photo Taking - Processing Sessions
Lab meetings for the new Argus Camera Club are underway . At the first one, on October 25, club
members, equipped with cameras ranging in complexity from the fixed-focus type to the studio camera,
"shot" models who posed under flood lamps . At later meetings, club members processed the
film, following instructions given by fellow members more advanced in photography. Meetings are held
every Monday night, 7 p.m., in the Plant II Canteen.
It was good to see you all at the Halloween Dance last month. But I want you to know- all rumors
that I was hidden beneath the sheet -draped scarecrow tagged "Andy Argus" on the edge of
the dance floor are strictly false! Getting down to the business of the month... the Recreation Club
softball team is the subject for discussion again this month. The first note carne f rom Art Parker
, Jr. Explanation of Softball Team Rules TtI was interested in the letter which appeared in the
October issue of the 'Argus EyesT concerning the use of outside players on the Argus baseball team.
I was president of the Recreation Club when this ruling was made and I feel qualified to explain the
reasons for its establishment. Many of the teams in the league in which the Argus team plays, are
sponsored by local merchants as an advertising medium to aid the sale of their products or services.
Neither Argus nor its Employee Recreation Club needs this medium of advertising. The Recreation Club
was established to provide the employees of the Company with an opportunity to participate in
activities outside of their regular job duties. Sports are one of these activities. The Recreation
Club feit that it was more important that our employees get a chance to play softball than it was to
have a winning team. Furthermore, it was our feeling that outside players would not guarantee a
winning team, and thus f ar in League Play we have shown that we can do pretty well with our own
personnel. Unfortunately, individuals who have the ability to pitch softball are a lot harder to
find than second basemen or outfielders, and for this reason we decided to let three outsiders play.
This was to provide us with the chance to find several pitchers to strengthen our staff. Winning at
any sport, in which either team or an individual participates, is of cour se important, but not to
the point where winning is the only objective and anything less is undesirable." Softball Team
Party The next note concerned the end-of-the-season softball team party. "What happened to the
$3 allotted to each softball player by the Recreation Club for a party or equivalent ?" Jack
Scott, softball team manager, answered this one by saying that all players who were members of the
team at the end of the season added their own $2 to the $3 allotted them by the Recreation Club and
the entire group went to the Army football game. Well, I hope that answers all questions about the
softball team for the season. Mm. . .Til bet those softball players are sorry they didn't wait to go
to a later game where they could really see some football. Have a Happy Thanksgiving everyone!
New Photography Book Published
Photography fans can get specific instructions on how to take pictures with an Argus Camera in a
book scheduled for publication on November 25. The book, "PicturerMaking with the Argus C3, C4,
A4tT by Jacob Deschin, gives instructions for both black and white and color photography. Books will
be available at photo dealer' s shops everywhere .
Need Cash For Christmas?
23 people won cash suggestion awards last month- money that converts easily, painlessly into
Christmas gifts! Additional dollars are ready and waiting this month for any employee who has an
acceptable idea on how to improve a product, save time and material or make Argus a better place in
which to work. NOVEMBER AWARD WINNERS Dept. Name $ Won 29 George Sponaugle 150.00 49 D. H.
Blattenberger 126.10 31 Patricia Ranger 87.15 27 Donald Canine 62.40 22 Oscar Markham) joint q qq 49
Harold Hale ) award 10 D. H. Clark 31.44 74 Ted Watt 25.00 10 I. E. Way 19.69 52 Elroy W. Abeldt
17.87 28 Mildred Williams 15.00 53 Chuck Montague 10 . 00 62 Jerome Dunn 10.00 43 Marvin Harger
10.00 46 Agnes Cobb 10.00 26 Russel Wiedmeyer 10.00 26 O. V. Decker 10.00 54 William Raymond 10.00
53 Orviel Harrison 5.00 46 Roy K. Lyons 5.00 48 Cari Heselschwerdt 5.00 81 Bill Brackney 5.00 10
Julius Jacques 5.00
Engineers Hold Dinner
Engineers held a farewell dinner for Jim Smith and Dick Savery at the ElksT Club on October 22.
Jim, who was in Tool Engineering, moved just a short distance to Detroit. But Dick, a draftsman in
New Products, left to travel across the country to Seattle, Washington, for his health.
Departments Hold Parties
See You at the Recreation Club's
December 18 AT THE V.F.W. HALL (ANN ARBOR) 9 p.m. to 1 a.m.
Please bring a gift priced 50 or less. (Women should bring a gift for a woman, men a gift for a
man.) Your Recreation Club card admits you and your guest, f ree of charge.
An Idea For Girls Who Sew!
Gloria Wood models the winter suit she created f rom 2 pair of her husband's bell-bottom
trousers. Are y ou long on fashion ideas, but short on cash? Take a tip f rom Gloria Wood,
Engineering, who dug her husband's U.S. Navy trousers out of mothballs to convert them into a
stunning winter suit for herself. Gloria used one pair of wool trousers for the jacket and one pair
for the skirt. She used a pattern for cutting both pieces, but varied them slightly in sewing to
make them original. The skirt is a slim, straight style; the jacket-a boxy type with threequarter
sleeves and lined with red and white-striped cotton pique. A red blouse to match the striped lining
gives the outfit extra dash; white buttons provide a bit of trim. End result- a charming suit for
the price of practically nothing.
Warren Koch On Leave
After graduating from Great Lakes U.S. Navy Boot Camp on October 9, Warren Koch, son of Rube Koch
(Tool Room) came home on a 2-week leave. Warren, who reported back to Great Lakes, is scheduled for
an 8-week coursein servicing jet planes at Norman, Oklahoma.
Janet Martha is the name of the new 7 lb. baby girl at the home of the John Fyfe's. Janet was
born October 2. Daddy works in Stand - ards. Terry Scheetz, Receiving, has a 6 Ib., 3 oz. girl,
Karen Lynn, born October 22. Wayne Loy, Machine Shop, has a new son, George Wayne, born November 7,
weighing 7-12 lbs. It's a boy for Marilyn Jaeger, Accounting. 7 lb. Karl Er nest, who was born
September 10, has a sister, Karen Louise, 22-months old. Stephen Alan is the name of Harold Hale's
new son. Stephen was born October 16 weighing 10 lbs., 5 oz . David Carto, Regional Sales Manager in
Indianapolis, has an 8 lb. 7-12 oz. girl, Laurie Michele, born June 28. The Carto1 s also have a
5-year-old son, David. Bernie Fry, Sales, named her 9 lb. 6-12 oz. girl, Janice Marie. Baby was born
October 7. Bill Houck, Regional Sales Manager inBuffalo, New York, is father of a 5 lb., 14 oz.
girl, Lucy Ann, born October 8. The Houck' s have one other daughter. Bill Ostrander, Lens Blocking,
has a son, Russell Lee, born October 20 weighing 6 lbs., 13 oz. The Ostrander Ts have one other son
and two daughters. Betty Harris, Purchasing, has a 6 Ib., 12 oz. girl, Cynthia Beth, born November
3. Betty Measley, Inventory Control, has a 7 lb. son, Jack Arthur, born October 31. Dewey McCowan,
Shipping, has a new son, 7 Ib., 11 oz. Gary Kevin, born October 3. The McCowan' s have a 3-year-old
daughter, Deborah Kay, too. Charles Thomas, Shipping, has a brand new daughter, Edna Marie, born
October 27. The Thomas' have two other daughters, 8-year-old Shirley Jean, and 5-year-old Martha
Schneider - Blackmer Marriage Announced
Florence Schneider, Production Planning, was married to Leon Blackmer, Lens Polishing on
September 25 at Brian, Ohio. Mr. and Mrs. Blackmer are now residing at Horseshoe Lake.
Ken Macadam Is Married
Kenneth Mac Adam, Lens Polishing, was mar ried to Janet Riley, daughter of Mr. and Mrs . W. H.
Riley, Albion, Michigan, on October 9. Af ter their wedding at St. Mary's Chapel, Ann Arbor, Mr. and
Mrs. MacAdam traveled to Canada. They are now at home at 607 W. Madison St. in Ann Arbor.
Lorie Johnson To Wed
Gladys Uorie M Johnson; Tabulating, will be married to Arthur Waller of Boscobel,
consin at the Norwegian Lutheran Church in Boscobel on November 20 Af ter their wedding, the
couple will live in Madison, Wisconsin, where Mr. Waller is attending Madison Business College.
Ardie Allison Is Engaged
Ardie Allison, Engineering, is engaged to Robert Everard, son of Richard Everard and Mrs.
Harriette Mathews, both of Ypsilanti. The couple is planning a spring wedding.
Bowling has rolled in to capture the Argus sports picture, except for a few Monday quarterback
sessions on the merits of the High School and Michigan football teams . WOMEN'S BOWLING The ladies'
league standings as of October 29 find the "Argus Eyes" still in first place with a 20 and
4 record. Their steadiness f rom week to week has made them pretty potent. The second place
"Ten Pins" with their 16 and 8 record will make it rough for any of the others over the
long pull of the season. High single game for the last week was a fine 188 posted by Rosie Smith.
MEN'S BOWLING The very "Thirsty-Five" team has zoomed from fourth place to head of the
pack by pushing aside the high-flying "Planners" along with the "Tabulators" and
the "Atomic Five." "New Products" with a 10 won and 22 lost record brings up the
rear. Team Captain, Bob Gramprie, tells me that it is only a matter of time bef ore his charges,
Torn Heermans, Bob Rau, Ed Zill and Harold Bruetsch break into the win column. After all, "you
can't win 'em all" and maybe they have just been trying to prove this . In the next issue we
will find out about our archery teams and their league .
626 Get Free Flu Shots
626 Argusites who took advantage of the free flu shots last month should be safe from the effects
of that influenza bug if it appears this winter. The vaccine, a preventative for Types A and B
influenza, is effective for a maximum period of 6 months .
Bob Cramer Lands 3 Ib. Bass At Independence
Biggest fish caughtin Independence Lake and entered in the Recreation Club's Fishing Contest so f
ar this year is a 3 -Ib. big mouth bass, 19-38 inches long, caught by Production Engineer, Harold
"Bob " Cramer, on September 26. Bob was fishing with a cañe pole, using minnows for
bait, when he caught the fish. 20 minutes before he pulled in the big bass, Harold landed an
18-34-inch pike, using the same type of bait. His pike, however, didn't set a record. Paul Haines,
Warehouse Supervisor, caught a larger one, 5 lbs . , on June 22 .
Bill Wetzel Gets His Deer With Bow And Arrow
Bill Wetzel, Engineering Model Shop, shot a young buck deer with a bow and arrow in Yankee
Springs Recreation Area, Barry County , West of Hastings, Michigan, this f all.
Bill has what is considered an excellent record for bow and arrow hunting. This is the third time
in four years that he has come back with a deer.
Argus Children's Christmas Party
Featuring Charles Wonder Dogs If your child likes dogs, heTll be thrilled with this trained dog
act! Dogs of all sizes, shapes, breeds , perform feats and tricks that are fun to watch . . .
Saturday, Dec. 18 and every child gets... Michigan Theater A gift from Santa himself fr Doors
open at 10 a. m. "] J All Argus employees' children, ages 2 to 12, are invited. I " I I
YES, WE WANT TO COME TO THE CHILDREN' S CHRISTMAS PARTY! I Number of Children: j Boys Ages I Girls
Ages Name of Employee: I Reserve a place for your child now by sfiS&K _Tjí T?T filling in
this coupon and returning it $&l INfi to the Personnel Department in exchange (JA TSfe) for
tickets of admission. }f JQ!Le&S&' I
Editor Dorothy Burge Photoprinting Jan Gala Published every month for the employés of
Argus Cameras, Inc. and their families. Reporters Machine Shop . . . .Dorothy Lixey Paint Shop Wilma
Simmons Camera Assembly . . Ruth O' Hare Tabulating Lorie Johnson Lens Processing. . .Betty Shattuck
Maintenance Emil Johnson Optical Assembly, Inspection .... Jean FitzGerald Engineering ..... Jim
Meldrum Standards ....... Sue Wilson Production Planning . Patt DuCharme Tool Room Bill Fike
Shipping Hilda White Accounting Beulah Newman Sales Jane Maulbetsch Purchasing . . Dolores Helzerman
Night Shift George Navarre Features Writers Andy Argus and Robert Lewis
This month's Thanksgiving cover is an original drawing done by John Slocum, Engineering
Jerry Stauch Sends News
Jerry Stauch, on military leave of absence from Camera Assembly, recently passed the air corps
test for a Senior Communications Machine Repairman. Jerry, who is handling teletype and crypto
maintenance for AFRS Radio Station in Sparrwohn, Alaska, hopes to be home for Christmas .
C. U. Counts 315 Members
94 more people joined the Argus Credit Union in October to swell the total membership to 315. On
October 31, total shares purchased by members in the Credit Union had mounted to $9,672.85. Loans to
members were out in the amount of $8,740.01. Balance in the Ann Arbor bank was $2,637.63.
Hats Off Dept.
HAROLD THOMPSON, who has been working as a draftsman in Engineering, has been moved back to Plant
I and promoted to Expediter in Purchasing. DOROTHY LABAN, former Stock Clerkin Stationery Stores,
has moved across the hall to be promoted to Shipping Clerk.
Argus Cameras, Inc.
ANN ARBOR. MICHIGAN Return Postage Guaranteed
Eivard Girvan 703 Hutchin3 Arm Arbor, MIciu
Sc 56t, P. L. R. U. S. POSTAGE P A I D Aitn Art, Michifit PfmH No. 59f
Argus Honored As "growth Company Of The Year"
Argus wasnamed the "growth Company of the year" by the National Association of
Investment Clubs in Detroit last month. A plaque presented to Robert Lewiswas inscribed . . ."A
dramatic example of American free enterprise.-.dynamic sales andearnings growth . . . excellence of
products and public relations." Argus' net sales have increased f rom $5,333,788 in fiscal 1950
to $22,409,132 in fiscal 1954, while net earnings rose from $432,054 in 1950 to $1,261,179 in 1954.
Receivingthe plaque, Robert Lewis said, MOn behalf of our entire organization, I want to thank you
for this distinctive honor you have bestowed on us. We regard it as an extremely healthy sign to be
recognized as a growth company within industry . "Argus Cameras, typical of many companies on
the American scène,
is attaining its growth by a combina - tion of aggressive selling, merchandising and delivering a
true value to the public. It seems to be axiomatic in American business that we never stand still -
either we move ahead, or we lose ground. In our organization, we realize that continued growth is
necessary to our very existence in the photographic business . " Investment clubs are formed by
individuals who join together to investigate stocks, pool their money and invest it in growth
companies that have produced steady dividends over a period of years . Three investment clubs have
been formed among Argus employees- the Bulls and Bears, Citco (Collection-Investigation and Trading
Company with Limited Funds) and Omba (Optomistic Money Bags Association) .