Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-01-27
REAL PROFIT SHARING. :, %
New York State Manufacturer Thinks
He Has Permanently Settled the
Labor Problem - Pension,
Life Insurance and

DoLGEvILLE, N. Y, January 26.-The
twenty-frst annual reunion of the employees
of Alfred Dodge, the largest felt shoe manu-
facturer in the country, was held here last
night. Many prominent persons were pres
ent, among them Hugo Wesendonck, the
President, and Hubert ellis, the actuary of
the Germania Life Insurance Company
Adolph Rose. of Niagara Falls; Carl Aman,
of the New York, and representatives, 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
emploYe as a solution of the labor problem,
last night announced that he had succeeded
in formulating a system. In the course OF
speech he said:
''In order that the employees may receive
a share of the net earnings of the business,
over and above their wages, the house of
Alfred Dodge has, after several years ex-
perimenting with pension and life insur-
ance plan, formulated rules and regulations
for the just distribution of such net earnings
among its employees, to take effect on Janu-
ary l, 1890. There shall be three classes of
this distribution: First, pension; second, life
4uoulduCt1 lulTu, OuuOWmtub. Lie SudI6 VI
the net earnings which is to be set aside each
and every year shall be calculated upon the
positive results of the records of the actual
work done by the employees. Against this
distribution account the amounts paid for
life insurance under the provisions OF the
insurance law and the amount necessary to
maintain the pension fund are to be consid-
cred fixed charges. The gist OF the law is as
follows:
First-Pension-Every employe over 2l years
and not over so is, after continuous service of
III years, entitled to pension. in case of partial
or total inability to work, at the rate of SO per
cent of his wages after 10 years service, go per
cent after IL years. 20 per cent after l6 years. so
per cent after Is years, 80 per cent after 2years
and 100 per cent after Is years. In case of &C
cldent while on duty, or of sickness contracted
through the performance of duty each en-
ploye shall be entitled to 90 per cent of his
wages at any time previous to the completion
OF 10 years service. The pension is in no case
to exceed 81, 900 per year.
Second-Insurance law-Every employe, hav-
ing been in the employ of the firm at least five
years continuously after q years of age, Is en-
titled TO life insurance policy of 1000; on
completing the tenth year of service, to second
policy of s., ,0OO and after the completion of the
htteenth year Of continuous service, to a third
policy of $1,000
d-Endowment-Every employe over q
years of age in the employ of the house for five
consecutive years shall be entitled to an en-
dowment upon which he will be credited each
year. according as the manufacturing record
shows that he has earned more than has been
paid him in the form Of wages. If through
gross care essness any employe has caused the |
house loss, such loss will be charged against
the above account against this account any |
employe may obtain a loan not exceeding the |
amount of his credit by giving good security.
Neither of these laws impairs the right of the |
house to discharge an employe for any cause or
reason, or the right of the employe to quit at |
any time for any cause or reason.
The employees and others present received |
this announcement with marked enthu- |
siasm..