Daily Republican., 1888-01-04
THIRD EDITION.



On Monday TIE Pennsylva Rail
road OompAny's new plan for an EN-
pioyes' saving fund vent into effect.
The agents In this 5aate, designsted ~
the depositaries OF the fund, are: Will
minetou, Il. U. Smith, passenger agents.
Clay ton. Joseph SMithers; Harrington,
Frank II. White, passenger agent. W.
q Cuiley Is the agent a. PeTryville.
On November IS, 1887, the directors
of the PennsylvaniA Railroad Company
adopted the following resolutions:
Resolved, That this company Will
receive, through such Of Its sgenta n
the board Of directors may from time to
time designate, such portions OF the
wages or salaries Ct the empIoyes Sc
they may desire to leave with the COM
pAny, and will repsy the same, with
such interest thereon as may from time
to time be fixed by resolutions OF the
board, and In the mannar and accord-
ing to the methods which shall be In
like manner prescribed.
sResolved, That the moneys 80 re-
Oeived snail constitute o fund to be
known as the Pennsylvania Railroad
Employer Saving Fund, and shall DO
In charge OF an Off Ger TO lie designated
as superintendent OF tho Pennsy lvania
Railroad EDp'oyes Saving Fund, who
shall report to the first vice president.
Resolved, That the moneys and
securities bsloneing TO this fund shall
be kept by the treasurer In special
account under the direct supervision OF
the Committee on Finance, who ehall
have like supervision OF all matters
connected Herewith, and this company
shall be responsible for the faithful RS
payment OF sll moneys belonging to
the said fund.
Resolved, That the rats of interest
TO be allowed on all deposits shall, until
further order of the board be per
centum per Annum, and that no change
shall be mode In the rate OF interest al.
loved without six mouths previous
notice.
Ia pursuance Of the above resolutiono
President Roberts has issued general
notice 10 his employees In which he
says:
/. Any employe may become de
positor by making application on a
blank obtaluab from the freight or
ticket agents Of the company deslEna
ted % depositaries for the fund, aud OF
which desig alton due notice will be
given.
As 0hg W HNt AtbA A-A9 III HNSSAb6LOs
with the res ulatiops CT tie deposit bOoK ,
deposit With any freight or ticket agent
designated 10 receive the same, or y sum
of even dollars, rot exceeding Slt0 IN
any che month.
8. Interest viii be allowed from the
first OF the calendar month after the de-
poit has reached 65, and on oil subse
queHt deposits from the fret Of the csl.
eUdsr mouth after they are made. On
January ! Of every year interest Will be
credited to depository accounts, and
thereafter VIII ba recognized rs form.
log part Of the prlnciosl,
4. Eep1sitors desiring to withdraw
mocey Will be required TO give ten days
notice, as provided in the deposit book, to
any OF the designated freight or ticket
agents OF the company.
B, As the saving fund is only intend
ed for the benefit Of the employees
of the companies designated, deposits will
not be received from these who are not
bona Il e employees of ore of the SAID
companies, aud deposit1rs leaving the
services must have their accounts set
led and closed within thirty days there.
sfter.
o. The company reserves the right, at
their discretion to pay any or all deposits,
with accrued interest, on giving thirty
DAYS notice.
:. The operations of the savings fund
viii commence on January ?, lsSs. APP
plications to become depositors wi be re-
ceiyed on and after that date. Further
information cen be had Of any Of the
freight or ticket agents designated as de
positaries.
D. S. Newhall, assistant secretary of
the railroad company has been appointed
superintendent OF the fund, with Ills office
in Philadelphia. Tie roads lucorpora
ted in the scheme are all the leased and
operated lines OF the Pennsylvania Rail
road Company east Of Pittsburg and
Erie.