New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-27

SionS y.
s,istenance in old age and OF support iol -
families in case Of death. In the last yea
s.. 1919 so was paid to four superann'ia'eu VIII
men. and the amount paid since the es'a lD, 81
mcnt of the fund was reported as @o'"'- ,o
From the beginning the c0ntrlDu'lohs W Wv
pension fund amount to $3O,l3 w. anu 'ne II"
terest IS now large enough to pay 'he p'e'o"'
pensioners without further CONTRIBUTORS
twenty years $34,595 - has been PAID 1or ne
insurance policies. and the employees 10" "'i"
policIcs on which the firm pays premiums "
tbe amount Of $4,000. and 1t also makes ar
rangemcnts for those whom the insurance coii''
many roiect An endowment account Is also
carried with s. 1863 G5 due employees ut maturity
but this last year nothing was added to II Dc
cause as Mr. Dodge says. mo one could earn
"any more than his wages. Since any rurther
d;sostrous tariff legislation has been fOrestalled
"hv ,bc last election. we may look forward to
.bettcr business In 1895, and l hope to report
lat our next reCniOn goodly contribution 10
that account" During the year the felt urn
sold TO two other firms parts or their D'lsiIess'
and transferred to these firms share OF the
pension and endowment accounts proportiohate
TO the number Of workers to be benefited. FOR
tLe men going away who held insurance policies
proysion was also made. Thus the systeH was
extended from one business concern 10 three
But II is still limited to one line OF Industry ana
70 one town The disadvantage OF that Is that
the wage-earner. to avoid losing some or the
benefits which are held before him, is compelled
to remain in one place. The founder rejoces
that the workers are no longer restricted To one
EMPLOYER for n mean employer might attempt
10 take an advantage Of his workmen. possible
not from any defect in the system, but from its
limited application
The perfection OF labor insurance and pensions
must come. he believes with its extension TO
other industries and general National adoption.
II all textile industries made Of the plan. the
workers would be free so long as they remained
I'm the general industry. and the same benefits
might be secured for railroad men employed by
whatever company The experience at Dodge
vile shows that a contribution Of per cent OF
the wages earned paid by employers into a
National insurance fund would be ample to
secure TO every honest wagc-earner at the age
Of sixty. or sooner II disabled. his full wages TO
the end OF his days Threcfourths Of l per
cent Is all that he's been required so far. and
business that does not permit the setting aside
OF that sum has not the prosperity likely to
give II permanent existence The insurance en-
ables wornout men 10 retire. and their places
NAV be taken by vigorous men whose earning
power Is greater. and the employer reaps nm
advantage as we'll as the pensloner SO far the
results attained have been admirable 1ts more
extended adoption would do much To allay the
discomfort Of wageearncrs II gives 10 them
the blessings which the Socialist dazzles before
their eyes without in any way sacrificing their
individuality 1t gives honest men chance to
live comfortably on the returns OF their labor
without the fear of an old age unprovided for
and family left in want. The cost Is little to
the employer. lie pays for insurance on his
machines lie can afford 10 take the same care
Of his faithful men.