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To: Madharry who wrote (44758)	10/2/2011 9:26:23 AM
From: Wallace Rivers	Read Replies (1) \| Respond to of 78655

I wonder if Paychex employs more.......oops, looked it up, UR is first, and PAYX is a distant tenth. Nonetheless, not the best of times for this western NY city, what with the demise of the world recognized brand of EK (once such an icon that Paul Simon devoted a song to the brand), plus Xerox isn't exactly tearing up the streets (I know Paul concurs with me on this).

To: Madharry who wrote (44758)	10/2/2011 2:44:42 PM
From: Paul Senior	Read Replies (3) \| Respond to of 78655

Sunday OT stuff: Yes, that's right, Madharry. Rochester was Kodak. Maybe #2 or #3 at the time in Rochester, 1930-1950, might have been the clothing industry with its many and various tailoring companies. When workers at a little company called Haloid in Rochester that made photographic paper chose a union, they believed themselves lucky to get the large Amalgamated Clothing Workers of America to represent them. Maybe it was the only union that would accept them. Which is why when Haloid grew to become Haloid-Xerox then Xerox , you had the odd situation of thousands of workers in Xerox's NY manufacturing plants being members of the ACWA. I'm a UofR grad. Bad memories of my time there. Maybe I started too young (sixteen). Uncaring professors/administrators, and I needed a little tlc. (Do colleges in this day & age still get away with having foreign-born grad students whose English is incomprehensible as teaching instructors for undergrad classes?) Looking at tuition cost now, and looking back at my experience, an undergrad BA degree wouldn't be worth spending $200K for at that school. ("The term bill of tuition, room, and board will grow a total of 4 percent from $51,120 to $53,160 for the 2011-12 year.") Funny how generations repeat errors. My parents knew of Haloid/Haloid-Xerox when it started its growth phase. They never seriously considered buying stock. (Maybe they never had any money to "gamble" in the stock market.) My turn: I knew of Paychex in its early phase and later, and knew about ADP and the success it had, yet, although I had cash to buy, I never considered looking at Paychex as an investment during those early and middle years of PAYX's growth. Finally I did buy a few shares 8/'10 (based on company's history, especially history of raising dividends). finance.yahoo.com (If stock drops to new lows on no adverse news, I'm likely to add a few more shares. Eventually there'll be jobs created in this country by small businesses, and PAYX will benefit, I expect.)