New-York tribune., 1909-12-24
GIFTS WORTH " HILE
H.fLL ST. GENEROUS.
one Con PAM Giues Employees
20 Per Cent of Years Salary.

TIE Genital Trust Company Is going 30
give its employees Christmas present o.
81 per cent ~ tho amount a. their yearly
salaries. 0auius Tor q total distribution of
So.eao. Tie other leading hanks and trust
companies lave not YET made known What
iheir Christmas distributions 10 their en-
pio~os VII ~. hIt ft ~ una srstecd that
The, vfn he wei MP 20 the average -
former wears Rfeu business MAS Cood
T. some ~ ghc banking institutions ;he
'hrisimas nreseut % empioyes Vfn he ia
fhs shane ~ an increase in salaries. 90
become effective the frst of the year
raile in others h win no 8 percentage on
the smouut 80 fiie YEARLY SALARY. as I'M the
case ~ Tho Central Trust COMPANY
Among the institutions which make pro
nlatious END advances in salaries a. the
beginning of the -csr instead ~ giving
t.leir employees q Christmas prescnt ~
lunp som ~ money. are tho National Cif-
nank sud the First NarioBal Bank J. =.
Morgan & 60. generally give their en-
lioycs 3 porccnfsgc on th.rr yearly salar'.
Tie amount of tins honas has varied from
ID fo 100 per cent I'm tvEone wears What
81 Viu no this year las not been made
Ilhnc hui 81 is expected that it vil De-
"a 20 thc aYcrage - FORMER years. A
incu-he- ~ tire firm said Yesterday tha;
whatever b done IN Tho uav Of bonuses
b. always dons ON the last day ct the year
and is newer MADE known beforehand
Represcrtarives cf leading brokerage
lrerses wiio were lnterlieu-ed on the sub
.ccf 80 Christmas bonuses sesterday sl
s-id thst thev had hsd a most saccessful
business year. and that the emPioycs
would share I'M The incressad profits. some
g
~ hii ~ giving an ~rrnloveS weeks sal
ar. some q r1outh's salary. and str
Others q percenTare on rhe annual amount.
The head ~ one h.E wire house said yes
terd-r. when asked what sis frm vas 60
ing to Do f0r fs employees this year. Here
to.orc uo have given them 90 Tsr cent ou
FHo annual amount ~ thsir salaries bli
fhis Near We contemplate adding an add
tcual bonus. on.iuE fo tle successful bust
ncss ~ the last year"
Among tho uiE Industrial companies The
Sf"'l Corporation ha~ already announced
tHaf U viii distribute q bonus of s. On 0a
in cash and stock among its employees The
policy of TIE standard oil Company of
New oTk with regard 20 the Christmas
distribution ta ifs employees was explained
yesterday by tle superintendent. %. 7.
Nsring
FORMERLY hs SAID tine Standard oil
Company save The employees Christmas
presents which ranged from SO 20 s,0g'
~ more based upon rhe recommendation
~ Tho head o. d-uartmcnts This proved
% aC most cumbersome. and few wears
ago q was suggestcd 90 put q proposition
io thc employees themselves a. 20 whether
they would prefer 10 continue the old habit
- Christmas presents or have & percentage
= shout The same amount they had been
'u rre lahit 80 roceiyiuc added 10 their
HuuIai salaries. auc thus take their Christ
mas presents iE ihst way. They all de-
,Isred in faror 90 THE plan suggested and
rt6f IS the course We have since beer fol-
lreInE That plan nas nothing 20 do with
promotions which are mao. upon merit
lruf simply eliminates the Christmas pres
srf annoy auce
The usual Christmas fund collections have
Icon taken up ON al the exchanges and
vI hs Distributed TODAY 90 the employees
80 fhs institutions TIE amounts - che
N-a-ioaE funds have not yet been announce.
ir.i if is understood that tIcv VII be large
tHnn last yoa-. The Nev York stock E1-
change fund VIII Pc between 81 .eae and
81. a." it is SAID. and that of me Cousoli-
dated stock EKchanEe aoou s. Tn