The sun., 1890-01-26
DIS1n1BUTIoN OF EARN1NeA
Mr.. Alfred Dolge Thinks He Has Found
tho Solution OF tho Labor Problem.

DoLdEvILIE, N. Y, Jan. 25.-The twenty
first annual reunion OF the employees Of Alfred
Dodge, the largest felt shoe manufacturer In
the country was held here tonight. MANY
prominent persons were present, among them
Hugo Wesendonck, the President. and Hubert
ellis, the actuary OF the Germanis Life Insur-
ance Company. Adolph Rose OF Niagara Falls.
Carl Aman OF the New York. and representa-
tives Of the press from New York and other
leading cities of the State. Mr.. Dodge. who has
for years been experimenting with the just dis
tribution OF earnings between employer and
employee asa solution ofthe labor problem. to-
night announced that he had succeeded in
formulating a system. In the course of Q
speech ho said:
In order that the employees may receive
share Of the net earnings OF tho business. over
and above their wages the house OF Alfred
Dodge has. after several years experimenting
with pension and lilo insurance plan. formu-
lated rules and regulations for tho just distri-
button OF such net earnings among tts en-
p.oyeGs. to take eIeot on JAN !. 1890. There
shall 10 thea ciass0s for this distribution:
First. PENSION; second. lie insurance; third.
endowment. The share Of the net earnings
which l. o be SGT aside each and every year
shall be calculated upon the positive results OF
the records OF the actual work done by the ep-
amounts laid for life insurance upder the pro-
visions o the Insurance law and the amount
necessary 10 maintain tho pension fund are to
be considered liked charges. The SiSt OF tho
law is as follows:
First -Pension.-Every employee over 81
years and not over 80 is Rftera continuous
service OF ten years. entitled TO q pension, in
tile rate OF 90 per cent Of his wages after ten
years service. GO per cent after thirteen years,
70 Der cent after l6 years. 80 per cent. alter l9
years. 90 per cent. after 20 years. and 100 per
cent. after 25 years. In case OF accident while
on duty or OF sickness contracted through the
performance Of duty. each employee shall be
entitled to 80 per cent. OF his wages at any time
previous to the completion OF ten years ser
VICE The pension is in no case 70 exceed ST.
QUO per year
having been In The employ Of the firm ct least
five years continuously after u years OF age, iB
entitled 10 lie insurance policy OF $1,000: on
completing the tenth year OF service. to a Soc
OF the fifteenth year OF continuous service to u
third pOlicy OF $1,000
"Ihird-E d-Endowment-Every employee over
81 wears OF age in the employ OF the house for
five consecutive years shall be entitled to an
endowment account upon which he will be
credit u each year, according an the manufHc-
turing rec ord shows that he has earned more
than has been paid him in the form OF wages
II through gross careessness any employee
has eau Ell the house loss. suoh loss will
b0 charged against the above account
against this account any employee may OBJ
I ia a loan not eXceedin the amount OF his
credit by giving good security. Neither of
these laws impairs the right OF the house to
or the right OF the employee to quit at any time
Tor any canse or reason:
The announcement of this plan was received
with great enthusiasm. Ii was approved by a
the right way TO improve the condition OF the
working people.