New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-12-15
MILLION FOR EMPLOYEES
Bio Chicago Firms Plan to Give
Liberal Bonuses.
PRESENTS FOR CHRISTMAS
International Harvester Company
Heads the List-Packers
Will Share Profits.
INV Telegraph to The Trihune.1

rRy- Telegraph to The Trihune.l
Chicago. Dec. 14-Chicago business con-
Germs employing a large number OF men
and women will give away considerably
more than 81 10000 in Christmas presents
this year. The gifts will be cash bonuses,
increases in salary, shares Of stock and
Christmas dinners. Scores of firms make
il an annual practice to distribute gold
pieces to employees in recognition Of the
holiday season.
The International Harvester Company,
with headquarters in Chicago, heads the
list with a Christmas appropriation amount
ing to 500 600. Armour & Co. celebrate the
season with gifts to employees aggregating
$500. 900.
The International Harvester Company's
appropriation was made In pursuance OF a
profit sharing plan adopted several years
ago. and is not g. general distribution OF
money to all the employees, but an award
to every enploye whose services during
the year entitle him to this special recog-
milton. The amount in each case Is fixed
by the individual merit Of the employe and
does not necessarily have any relation to
the amount of the salary
Every employee Of the company is eligible
for participation, and the company gives
each employee the option of taking money
or stock in the company. This has re-
suited in a great ma jority of the employees
taking stock for their bonuses, thus be-
coming partners in the business. The plan
applies to employees throughout the world
Three hundred thousand dollars to be
distributed by Armour & Co. goes in in
creases In salaries and bonuses. Out of
three thousand employees connected with
loz- hoe n
selected by reason of special efficiency and
as reward for work done during the year.
Carson, Prize. Scott & Co. will give
raises in salaries to those employees who
have done extra good work during the year
and cash bonuses to efficient employees who
have served as extra help during the
Christmas season. This is in accordance
with plan adopted by the store several
years ago.
Other big department stores Of Chicago
recognize the Christmas season in substan-
TALLY the same fashion, and officials are at
work now preparing schedules by which
Christmas bonuses and salary increases
will be given.
Among the other firms which will reward
their employees during the Christmas sea-
son are:
cago House Wrecking Company, Colonial
Trust and Savings Bank, Chicago Orna-
pany, Drovers' Deposit Bank, Fort Dear
born National Bank, Harris Trust and
Savings Bank. Hiberian Banking Associa-
lion. The Hub "a percentage OF the store s
profits for the year viii be given to the
employees. B. Kuppenheimer & Co. Mer-
chants Loan and Trust Company, Metro
politan Trust and Savings Bank, Monroe
National Bank. Montgomery. Ward & Co.
Northern Trust Company. National City
Bank Prairie National Bank, Swift & Co,
StuiIy Steel and Iron Company. State Bank
Of Chicago. Union Trust Company a per
cent Of annual salary will be given to each
employed and the West Side Trust and
Savings Bank