, 1877-08-10

SlsluuB in CaHo OF aickt1tsH and 1Hilrtnty nrc
furnished by the joint efforts Of the Com
peuy ansa tho employees There is n "rrovi-
dent Fnnd" and "pcusion Fund"
For tho provislcnt Fund, tho employees pay
monthly ! per ccnt Of their salary, whicl,
may bc increased on extraordinary occasions.
but must nover exceed . per cent; tho Com
pany always pays into this fund an amount
elaal to the aggregate assessment oil all tho
employees Out Of tile ~ Prevalent Fund n
aick or disabled omrloye receives half hls
wages, beginning from tho limo when The
Company ccases 10 my him full wages, whicl,
tho Company pnya during the first two
months Of illness or disability. This lalf-
pay, tho medicines, physicians, and nursIng.
tho hospital expenses, expenses for tripa TO
wa'ering-places, funeral expenses, aud con-
tributions to families Of deceased members,
form the chief ,lrafts upon the "pruvidcnt
Fund" OF course, tho administration Of
thia fund Is protected by strict regulations,
under tho immediate supervision Of the
officera nnt1 physicians Of the Company.
The " Pension Fund" In distinct from the
"Iroyitlcnt FuntL" 1t is nade up by nh
assessment Of 2 per cent on tho salaries Of
employees aud n contribution from tho Com-
rauy equal 10 the aggregate Of tho asscsH-
pnents. Tho minimum age Of res!ril1s
h'ensioncr is 10 yenrs, anil tho minimum
fperiol Of service 20 ycars. The funds nro
4 dispensed on tho Tontino plan. A ponsion-
\cra proportion Of the fund is determined l,y
klividing tho sum Of salaries earned by him
{during his Whole term OF service by the SUN
Of The salaries received by tho wholo force
.luring tho samo term. aud multiplying tho
result by tho amount III tho fund, which
yields tho amount on which m annuity ii
paid. Tho annuity must nover exceed, how
lever, the sum Of $1,000 year; anl If the
sett]ement showaa larger sum than this, the
LSurplsts revcrts to Tho fund. Tho pension
applies in tho casu Of death aftor ten
yonss Of service; it IL then 80 divided
that the willow rccciyes one-Anlf md tho
minor children onc-half, or, in caso Of the
tlonth or second marriage OF tho widow, tho
tlecoasel employees children got tho benefit Of
tho annuity till they soverally come Of age.
When employees nre dismissed on account Of
term Of service expires Which entities item 10
tho pension, they nro entitled to tho rcstora-
tion Of what they have paid into tho fnnd,
but when they arc discharged for ca,,se they
lnvo no claim on their contributions. Tho
fund il administered by the operating officers
aud tho Directors Of tho Company, n,,d m
| nccount ia rendered the Council Of Admins
tr,.tion every tElrce months.
n. JAcMrS, the manager OF tho Easiern
| Halfway, hns furnished tables showing tic
torn Of service In tho vnrious departments
and branches, which provo Tint thia aystom
| hos oxertcd direct influence on tho Ierna-
nency OF tho staff. Tho great majority Of
tie traill-1nastera, conductors, passenger
md freight, brakcmen OF both classes, fore.
mon aud sub.forcnlon Of engine-houscs,
engineers, and lrc1ncn have Leen in tho
employ Of tho Company over five years, and
their torn OF sarvico ranges from that to
moro thnn twenty-five years. Tho entire
corps feel identified with tho welfare Of tic
road, and tile system is worthy Of tic alton.
ton Of our loading railroad managers in
| America.