Cogglns: Well, knowing myself and knowing that I was not 

 an executive, I decided to get the employees to 

 oarry the load* And I got flgui*es together aboat 

 our volujue, the cost of doling business, and so on, 

 and figured what our gross profit was. Then w« 

 figured what our expenses would be and^ Including a 

 little margin for the corporation security, the 

 amount that was left we decided was what could ba 

 pikiii in wages and salaries. And we took a census 

 of our employees and divided up on the basis of 

 their present salaries, fig\ired each cme*s percentage 

 cf the total wage and salary allotment, 



Oilbl In other words, the workers were to have a profit- 

 sharing interest in the business* 



Cogginss They would have an allowance based on their share 

 of the intake, 



Qllbt Was this to be a percentage over and above a fixed 

 salary? 



Coggins: Each one had a drawing account. At the end of the 

 month a balance was to be paid in a bonus, 



Qilbi And what If there were losses rather than gains? 

 What would happen to their salaries? 



Coggins t I think they would probably have to make a 



readjustment after it went down, but it didn't 

 happen, because we were not overstaffed^ 



