The Birmingham age-herald., 1903-01-01
1es, s,ooo Men Employed.

diary companies employ about l6S,OoO men, whom it is proposed to divide into these six classes:
 Class A will include all those who re- ceive salaries of $20,000 year or over. Class will include all those who re- ceive salaries of $10,000 to $2O,0OO year. Class c will include all those who re- ceive salaries of from $5000 to $10,000 a year.
 Class D. will include all those who re- ceive salaries of from s250O to $5OOO a year.
 Class E. will include all those who re- ceive salaries of from $500 to $25O0 year. Class F. will include all those who re- ceiye salaries of $500 or year or less. < The preferred stock will be offered to " employe during January at $S2.50 per
 are. Cts closing price today was {, S71s).
 r,mployes can subscribe for an amount of stock not exceeding the sum repre- sented by a certain percentage or their annual salaries as shown in this table: Class B, per cent; Class c, 10 per cent; Class D, 12 per cent; Class E, 10 per cent Class F, 20 per cent.
 In part two of the plan, it is explained that the corporation has been and is now making changes in the salaries or men occupying official or semi-oficials the directors have approved the following recommendations of the. finance commit tee:
 Recommendation Approved.
 Whenever $SO, 900, 900 and less than $9O,- 000,000 Is earned during lW5 per cen1 will be set aside.
 Whenever $9O0O0,000 and less than $10o,- 100000 is earned during 1903 1.2 per cent shall be set aside.
 z Whenever s10O, GOO, 900 and less than $110,- O0o.000 is earned during 1903, IA per cent shall be set aside.
 Whenever s1100 GOO and less than $12O,- O00.O00 is earned during l9O3, 1.b per cent shall be set aside.
 Whenever $12O GOO, 900 and less than $780, o00 900 is earned during 1902 IS per cent shall be set aside.
 Whenever sl30O00, GOO and less than $140,- 100000 is earned during 1903. per cent shall be set aside.
 Whenever $40, 900. 900 and less than $150.- coo.oo0 is earned during during 1903, 2A per cent shall be set aside.
 Whenever $50 000,000 and less than $780, 0, ,0O0 is earned during 1903 212 per cent sl-all be set aside.
 The question of what constitutes profits Is to be determined entirely by the finance committee, which. 1t Is said will have no interest In the profit taking. If ESQ., 900 is earned in 1868. sSO0,000 will be set aside. one half to be distributed in cash quar- terly, the other half to be reserved until the end of the year; invested in preferred stock; the stock thus purchased to be divided one-half to employees entitled thereto, the other half to remain with the treasurer of the corporation. Each share- holder Is to receive a certificate. for his interest containing these provisions:
 Stock to Employees.
 "First-If he remains in the service of the corporation, or of one or another of its subsidiary companies for five years. the stock shall be delivered to him and he may do as he likes with it.
 sSecond-That if he dies, or becomes totally and permanently disabled while in the employ of the corporation or one or another of its subsidiary companies, the stock will be delieverd to his estate or to him.
 ''Third-That he can draw the dividend declared on the stock while it is held for his account and he remains in the employ of corporation of one or another of it's subsidiary. companies.
 ..Fourth-That if without previous con- sent voluntarily he shall have quilted the service of the corporation or of its subsidiary companes, he shall forfeit all Int to this stock, and in such case 1t
 be held in fund which at the end of
 }. years will be divided among such
 tlcyes as shall have complied with ahe conditions. ' irs 25 per cent of all the men set
 ( in this profit sharing plan will be
 1 for i've years and will be given only