The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-05-05

the place and the thrift Of the people
There has been organized lately an
association for the promotion of profit
sharing. of which Hon. Carroll D.
Wright, SO well known by his connec-
ton with the labor bureau. is. Presi-
dent, Francis A Walker, of Boston,
vice-President, and N. P. Gilman, Sec
rotary. and number of equally cele-
brated eastern gentlemen Directors.
They have isued a circular on this sub
ject, which we here append in full:
In anticipation Of revival of bust
ness and the consequent reopening of
many mills and factories, which now
seems probable. we would invite your
attention to the Importance of intro
ducing some form of Profit Sharing as
a feature of your industrial relation
ships. The method of paying a dividend
to the workman out of profits as they
are realized annually has been APP
proved by the most of the economists
Of Europe and America as thoroughly
practical and advantageous to both
the employer and the employed. we
viii mention few characteristics
which should comend it to your careful
attention
Profit sharing can be adopted by an
employer without risk of loss, mas
much as he assumes under it no obliga-
TONS except such as are to be dis
charged from profits actually made.
HIS prerogatLves as manager and his
rights as proprietor are not curtailed
Profit sharing would establish a more
friendly relationship of common inter
est between working people and the
employer. This would be the surest
7 IND
est support in times of commercial dis
tress.
The employee, responding to such an
advance by the employer can increase
( the quantity and improve the quality
OF the product under a deeper feeling
OF personal interest. BY his diligence,
care, and economy he can actually
create an additional profit which is to
'be used in experimenting regular
wages. Profit sharing includes the
payment of the best wages current, and
promises bonus beyond this, which
experience shows, the interested work.
man can invariably produce in good
times
Profit sharing, as a principle. may be
applied in large variety of ways:
and 1t can readily be adapted to the
great majority of productive and distri-
butlve enterprises. We invite applica-
tons for full Information concerning the
history and the results of the system.
as II is now in operation in many es-
adjustments, small and large in Eu-
rope and in the United States. The
ADDRESS OF the Secretary of our Asso-
Grafton is No. % Beacon Street, Bos-
ton, Mass.
We believe that this system will, as
rule, bring about all that is claimed
in the foregoing circular-when bust
ness is profitable. But there are sea-
sons when little or no profits accrue
and some years when there is a posi-
tive loss. AT such times there is sure
to be dissatisfaction and probably dis
putes between employees and the en-
! ployer- And when there has been an
actual loss in the conduct of any en-
terprise, will the employees bear their
share in the failure? Not likely.
There are two sides to this subject
and it is well to study it in all it's
bearings. Those interested in it may
gain further particulars on application
as directed. 1t must not be looked
upon as the curative for the labor
troubles of the times 1t is at best
only a palliative. But there are fea-
lures about it which are commenda-
BILE, and anything which will promote
harmony between capital and labor
which will establish union of interests
between employers and the employed,
which will enable the careful, perse-
vering and faithful worker to advance
above the level of the common toiler,
is to be regarded as a boon in these
times of disaffection, discomfort and
threatened disruption of our industrial
system.