Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1903-01-10
They Will Receive Millions More
Than Ever Before,
EMPLOYERS GIVE INCREASE
Twelve Hundred Thousand Railroad
Employs Affected Many Concerns
Take Men into Corporation.

New York Jan. 9.-Wage.earners
throughout the United States viii re-
cdye. by many millions more money
during 1903 than ever before IN the his
tory Of the country.
Increases in wages granted by the
great railroad and industrial corpora
,.uns within the last two months show
t,Gt during the coming year GJGS0O EN-
ployes will receive SIS, $780, 900 more than
they did last year Negotiations a.v
now Ia progress by which 10000 en-
ployes OF various railroads IN the west
and south will receive Increases aggre-
eating S,OGO,OOO annually,
Scores upon scores Of small corpora
tons or business firms, each employing
a few hundred men or women, have
made wage advances. There Is no way
Of computing exactly I'VE number Of
these or the employees or the amounts
involved, but conservative estimate Of
the grand total Of employees who will
receive higher wages during 1893 is 900, -
OJO, and the sum involved viii be in the
ndgnbOrhood OF $1,000 000
Fifty millions Of dollars more In the
pockets Of the wage earners for the
year means nearly sl,0OO. 600 more u
week, or about $lG5, 900 for each Of the
working days.
Railroad men receive a more generous
share Of the increase In wages than any
other class of workingmen There are
about l,2OJ,OOO men employed by the
railroads Of the country including
everybody from the lahore up to the
president. OF these 100000 over 5000
or more than one-half, viii receive on
an average 10 per cent more in wages
than they did in 1902
Not only have direct increases in
wages been granted, but other corpora
tons have deviAed schemes by which
employees VIII be able to share substan-
TALLY in the profits realized. A notable
instance Of this kind is the plan OF the
United States Steel corporation. the
greatest employer Of labor in the coun-
try,
10 enable every empoye down to the
cCmmonest laborer to become a stock
,loIueI' T@VVV'VoV oI llle pIeleIreu stoch
mas been set aside 70 De sold during the
coming year al price lower than the
present market RATE Payments are TO
be made in installments, and If neces-
sGfy me payments can be divided over
a period of three years From the out
SET the euploye receives the dlVldends'
and at the expiration of a certain pc
roo as long as ne remains IN the en-
ploy Oh the company ana retains pos
SESSION Oh the stooh' ne Is 10 receive an
extra poiius oil 20 snare
Another sum based upon the net
earnings OF the company 10 TO be set
aslue annually ior DIVISION among those
employees emery responsible Tor the
business success OF the corporation
ne hepublc iron ana steer company
mas also ADOPTED proht-sharlng plnn
WIN us employees put less elaborate
SlaH thal devised Dy the united stateo
steel c0rporauoh'
me Closing hohths OF lsoz were char-
aclerlzed ny u general movement on inc
part OF large empowers OF labor corpo-,
Ia" anu lhulNluuai' not only 10 deaI
,luIe lipeIa!S On tn' wage quc'ioil
Dut TO proNlGe lnteIligeht ana feasible
means Dy when employees Would DC
permanently nehented'
some OF the increases maze were not
Auogether voluntary particularly on
the part 81 rdllroads Wnioh We're threat
ened with a ue-up IN tne most prosper
Gus season IN the couhtrSs history
HldJorlt! OF the increases were now
ever purely voluntary the ofilcials
granting them beinB Qctuated IN part
by the higher cost or llVing ana de-
sire 10 distribute a snare OF the enor'
nous proIits OF their companies among
Inc men,
The wave OF wage increasing Wa'
started carry IN November py me Fehh-
tylvania Railroad company, when un.
CNpCctedly made the announcement