4-20-66 Record copy REMARKS BY E. W. LITTLE FIELD AT GENERAL ELECTRIC COMPANY DINNER FOR DIVISION MANAGERS AND BOARD MEMBERS ON APRIL 26, 1966 GENTLEMEN: Tonight I want to talk to you about coal and uranium, two sources of energy for the generation of electricity, and commodities of importance to the future of both General Electric and my company, Utah Construction & Mining Co. I shall speak of these fuels from the viewpoint of the miner. So you will know the degree of credence to give my remarks, I owe you a word of explanation about how I happen to be here this evening and why I was selected for the General Electric Board. Knowing General Electric's reputation for the high caliber of its management, I was as pleased as I was puzzled when Fred and Flip asked me to become a member of this distinguished Board of Directors. At first I suspected that the invitation was a concession to small business. The company of which I am president is some 67 years old and is now engaged in heavy construction here and abroad, in land development, and directly or through affiliates in ocean shipping and the mining of iron ore, copper, coal, and uranium. In its chosen fields it has enjoyed some degree of success. The original stockholders have received 850 times their investment in dividends and their holdings at today's market are valued at 2800 times their original cost. We have enjoyed a 13% growth rate for the last 20 years. Dividends have been paid for 35 successive years and increased in each of the last 15 years. This combination of factors has allowed a number of my relatives to lead the good life without conspicuous effort on their part.