The Plymouth tribune. (Plymouth, Ind.) 1901-1911, 1901-11-14
81, 100000 in Bonds Divided
Amongst Twenty-One
Employees.
CarneqlcS' Old and Faithful Workers
Are thu Recipients of Amounts that
VIII Yield $500 to $4,000 Yearly.

Carnegie company have received
within the past week 81, 200, 900
in bonds of the Carnegie COM
pany, BE- airing 5 per cent inter
est. AS the latest benefciaries
of Andrew Carnegie's old plan
for rewarding faithful workers
of his company receive from
81. 500 to SO, 900 a.year in salaries
and the bonuses they have re-
ceived are intended to net them
at 5 per cent an additional
amount equal to their wages, it
can be seen that the gifts range
in value from $50. 900 to 5000
More than so per cent of
Andrew Carnegle's partners in
the Carnegie company obtained
their present large holdings in
the company through gifts of
stock, which became theirs as
the earnings Of the stock had
paid for it. The latest donations
however, are in bonds that in
stantly begin to bring to their
holders 5 per cent annual inter-
est, which they will pocket.
When the Carnegie Steele
company, limited, was reorgan-
lied under the laws of New
Jersey into the Carnegie COM
pany, 3 per cent of every part
ner's holdings were set aside as
a fund from which stock dona-
tons were to be given to deserv-
ing employees. Original stock
holders like Henry Phipps and
H. G.. Prick Joined with the
minor stockholders who had
benefited by this very plan and
objected to the setting aside of
any of their stock for this pur-
pose, but the amount withdrawn
was made up by Carnegie and
other partners.
When the Carnegie COMPANY
went into the United States Steel
corporation, this fund was ex-
changed for 5-per cent Carnegie
company bonds, guaranteed by
the United States Steel corpor-
alton, and it is out of these bonds
that the recent bouns were paid.
In addition to the names of the
twenty one men given below,
Camille Mercader, chief draughts.
man of the company, said to be
a Hungarian count, got SIS, 600
worth of bonds. He has been
with the Carnegie company six
teen years and received his gift
three months ago.
The following are the names
of the twenty one beneficiaries
Thomas Cosgrave, superintend-
ent of transportation and general
labor of the Edgar Thomson
steel works and blast furnaces;
Thomas James, chief master me-
chanic and assistant to the SUI
perintendent of the Edgar Thorn.
son steel works; Edward White,
chief Inspector; Thomas Alden
book, superintendent of construc-
ton; Michael Killen, assistant
superintendent of the Edgar
Thomson steel works; Pedrea
Stritchfield, boss heater: John
Noey, superintendent of boiler
houses; David Miller, superin-
tendent of the rail and bloom
mills; Chas. E. Dinky, assistant
superintendent; John Lewis,
assistant master mechanic of fur
naces; Geo. Neimann, chief pat
tern maker; Andrew McWilliams
boss carpenter; Geo. Drassert,
superintendent of furnaces; Ed
ward Oskin, paymaster; G. E.
F. Gray, chief clerk; A. J. Boyle,
night superintendent of the fin
ishing mill; Frank Crides, pur-
chasing agent of machinery;
Harry Benn, superintendent OF
the converting mill; Censor Nc.
Clures. superintendent of the
roll turning shops; Russell Ross,
superintendent of the furnace
stacking yards.
the bonuses which these men
received are to equal the amount
of their salaries, which, at 5 PEI
cent, would show that their gifts
range from $50, 600 to $50, 900 in
value.