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My letter, noting Vepco’s calls for belt-tightening and more frugal use of electricity, suggested that such economy might begin in the utility’s home offices, where the board chairman receives a salary of $116,500 a year and T. Justin Moore, the President, ® gets $90,500 plus expenses. These are the latest annual figures -as reported to the State Corporation Commission.
It also was stated that members of the board of directors receive $1,000 a week. This figure was given to me over the phone by an official of the SCC and was possibly an error due to faulty transmission. What the spokesman probably meant to say is that the four senior vice-presidents get an average of $53,500 a year, which is more than $1,000 a week.
That’s still a heap of greenbacks for officials of a public utility calling on consumers for belttightening. There also are eight general vice-presidents who receive from $48,750 (paid Mr. McCammond) down to $27,800. The directors, except for the President and board chairman, get only nominal fees.
All right, where does this relatively minor correction— senior vice-presidents instead of directors who get over $1,000 a week—leave us? It obviously left Vepco with what it hoped was an excuse to label our entire letter as misleading and halftruthful.
Isn’t this rather surprising language for a utility which itself has been fined very recently by the Atomic Energy Commission for allegedly making untruthful statements about its Surry nuclear power station?
Isn’t it somewhat astonishing that Mr. McCammond can seize so eagerly upon one inadvertent inaccuracy and rage so indignantly about “distortions” when his own company is being accused by the state attorney-general’s office of making false statements to the AEC
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