The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-05-11
PRACTICAL COOPERATION.
Employees Who Share the Profits Of . Great
Business Enterprise.

Employees Who Share the Profits Of . Great
Business Enterprise.
Philadelphia North American.
There was a pleasant gathering last evening
at Wanamaker's, when the hundreds of en-
ployes of the great establishment collected on
the second floor of the building to celebrate the
first anniversary of the organization of what il
known as the GOOD Friday proftsharing plan.
The large floor in the carpet department was
cleared, a small stage was erected on one side
and seats were placed around for the en-
ployes.
A few minutes before 8 oclsck Mr. Wana-
maker entered the room and was greeted with q
storm of applause After short pause he
assembled the platform and was again welcomed
by a general and prolonged clapping of hands.
When order was restored. MIR Wanamaker said
it was an occasion which he had looked forward
to for twenty seven years, when there should DO
some clear evidence of regard between the house
and the employees higher than that Of the ques-
ton OF salaries.
I'VE desire, said Mr.. Wanamaker. 'to en-
courage you, to train you, to make you more
useful to us and to yourselves. We feel anxious
in every possible way to show our interest IN
you all This store set the example for . diff
ferent kind OF treatment towards the sales peo-
pie. We were the first 20 establish . saving
fund, building association, library and homo for
the women. and our beneficial fund has distribu-
ted $50, 600 among families where sickness and
death came.
Zone year ago we had meeting, when our
new plans were organized, and since that time.
while no salaries have been reduced, 500. 1886
have been distributed to our people, in which
800 have shared. Under the plan of . year
ago we have to pay out tonight $50 281.02. TAX
en- altogether. there will be 8l09, 43Qr18 paid to
you over and above the salaries between Good
Friday of 1887 and the middle Of the last
month
Mr.. Wanamaksr was frequently interrupted
by applause, and at the close of his address he
called John F. Collins Geo. W. Neimapp, John
Ramage. Frank NJ. Caldwell and Robert G. Oe
den to the platform, and presented to them as
trustees check for $40. 900, to be held by them
40 pension fund for employees permanently
disabled, who by reason of old age or accident
IN his service are no longer able to work.
A roll of 272 names Of those who had been in
the employ Of the house for seven years or
more was then called, and each approached
the platform, he or she was presented with an
envelope containing check for the proportion
ate share of the sum divided to which the
recipient WAS entitled; full statement Of the
plan of operation of the association and the
plans and aims of the saving fund. with q bank
book in the name of the recipient
new plan in the saving fund was begun
with the new year of the association. as an in
ducement for those who drew prizes to lay
them by for the future, by which i've per cent
In addition to the same rate On general deposit
will DO paid upon oil stocks deposited. and
which shall remain unmolested for ono year
from the date Of deposit.