The Roswell daily record. [volume] (Roswell, N.M.) 1903-current, 1909-04-29

sions through the post offices. The
premiums are payable for every week
of work and the insured are divided
into i've classes. The premiums are
levied in form OF stamps, which are
issued by the various insurance insd-
buttons for the several wage classes
and are sold at the post Offices. These
stamps are affixed to receipt cards,
which are exchanged for new ones
when filed up. The employer deducts
a workman's premiums from his wag-
es and affixes the stamps.
The noun paid as pension differs
according to the wage class and the
duration of the contribution. When
an insured person is sick, so that In
ability to work is apprehended the In
surance institution may incur on his
behalf the cost Of curative treatment
and may with his consent treat him in
a convalescent home and while he is
under treatment sick-pay may be
the loca post Office where the recip-
tents live. Finally to lee the case
of those who, after contributing to the
funds, do not live to enjoy the prom
ised benefits it is provided that half
of the premiums paid by insured per-
IONS shall be returned in the event of
death before he receipt of a pension,
and in h event of incapacity occur
ring owing to an accident which is
compensated gu of the accident In
surance funds.
you, Ladies and Gentlemen, with a
few fgures-as few as possible-to
show you how this triple system of
insurance works. In 1906 the number
of persons insured against sickness
was 12,408, 706, the number of persons
insured against accident, 1~9,227,213,
and the number insured against old
age n invalidity, 14,142,700. The
entire receipts of the sickness inSur-
ance fund in the same year we're 314,-
461, S91 Marks, those of the accident
Of the old age and invalidity fund, 263
340,731. The expenditure for the
same year was 2S2,4S7,163 Marks paid
in sick relief, 16,596,421 Marks paid in
compensation for accidents, and 1872
$4,000, Marks paid in old age n in
validity pensions. The accumulated
funds exceeded 2 Millards of Marks.
These sums are not a dead charge
on the national household, they re-
main its property and also really bene
ct the nation by increasing the capa-
city of the workmen, who are improv-
ed in health and power OF resistance,
by u~nburdening private charity aims
such as satisfaction of agricultural
requirements of credit, building OF
work;nen's homes, hospitals, sanitar-
iums, schools and so on
The expenditure which has to be
made for the purpose of workmen's
insurance by h large Industrial con-
Germs is very great. The Krupp Steel
Works spent no less than 3 millions
NJ. for this purpose in 1867. The
Koeings INT Laura Huette in 1908,
3 Millions. The Bochumer Association
in the same year $780, 900 Marks; the
Union in Dortmund about a Million VI.
The Gelsenkirchen Company more
than 2 Millions NJ. The Phoenix lei
ly 3 Millions. The Badish Aniline and
Soda Factory al Ludwigshafen 34O,410
Marks. The Chemical Factories, for
merly Fried, Bayer & Co., at Elber;
field 24S, 05S Marks. The Chemical
Factories, formerly Meister, Lucius &
Bruening at Hoechst 2S0,857 Marks.
AS 1 mentioned before these sums
must be added to the cost of produc-
ton to the wages of the worknen.
1 will now close my address in
thanking you once more most sincere
ly for your kind attention and the
splendid reception I received at Col
umbus.