Pick And Shovel

ALCOA ANNOUNCES
SCHOLARSHIP PROGRAM

Messrs. J. T. Watters and C. R. Stout,
Managers of the Bauxite works of the Mining
and Refining Divisions respectively of
the Aluminum Company of America, announced
September 1, 1953 the establishment
of a college scholarship program for
children of Alcoa employees.

Mr. Watters and Mr. Stout said a $2,000
scholarship will be made available next
spring for the best qualified son or daughter
of a Mining or Refining Division Works
employee. This award, they stated, is one
of 39 scholarships which Alcoa will grant
annually throughout the company.

In Pittsburgh, Pa., I. W. Wilson, President
of Aluminum Company of America,
said: Through this program the Company
is expressing appreciation to its employees
for their loyalty by offering opportunity
and assistance for the higher education of
their sons and daughters.

These scholarships are distributed at each
works location or operating area according
to the number of employees.

The two Bauxite Works, with approximately
1,000 employees, is allotted one
scholarship each year, with only one scho-
larship to be allowed any family within a
four year period.

Messrs. Watters and Stout pointed out
that when in full operation at the end of
four years, four scholarships could be in
force at the combined Bauxite Works. Operations
with less than 2,000 employees will
be granted one scholarship; those between
2,000 and 5,000 will have two; and those
with more than 5,000 will be allotted three.

Company-wide, there could be 156 scho-
larships in effect in four years, at a total
cost of $78,000 per year.

The program includes company offices
and operations including wholly-owned
subsidiaries located in 36 of the 48 states.

Mr. Watters and Mr. Stout said the following
qualifications must be met to entitle
an applicant to participate in the program:

1. An applicant must be the child of
an employee who has had continuous service
with the Company for the previous
five years. Excepted from this rule are
children of employees at Works which have
been in operation less than five years, and
children of retired or deceased employees—
provided the employee had completed five
years of continuous service immediately
prior to retirement or death.

2. Further selection of an applicant will
be based on his achievement and promise,
financial need, character and leadership
ability.

3. All applicants, finally, must take the

BAUXITE, ARK., AUGUST, 1953
College Board Examination, which will
determine the winner or winners at each
location.

4. The actual granting of the award
is contingent upon the winner's successful
completion of the entrance requirements
and acceptance by an accredited college or
university. The Alcoa Foundation, in granting
the scholarship, will not specify any
institution of higher learning at which the
winner should enroll, provided it grants a
Bachelor's Degree.

Messrs. Watters and Stout said that
should a winner be called to military service
after receiving the award, he will
remain eligible for the unused portion upon
his return.

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ALCOA ANNOUNCES SCHOLARSHIP PROGRAM

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Each winner, they stated, will receive a grant of $500 the first year for the college of his choice. This amount will be granted each year, for four years, so long as the recipient maintains high scholastic and personal standards.

The two Works Managers said a sponsoring committee will be established soon to screen applicants. This committee will be composed of one of the Works Managers and two or more leading members of the community. Its job will be the screening of applicants and the recommendation, to a Selection Board, of those who qualify.

The Selection Board will be composed of several prominent members of the community who would have accurate knowledge of the applicant's ability and general character.