Omaha daily bee., 1910-12-25
PROFIT SHARING IDEA GROWS
Employers Who Hire Many Workeu
Deeply Interested.
BY BAOOKLYN CONCERN
Some Particulars Conccrning the PIan
i'm effect ia the works Of the
United states steel
Trust.
RY PRESTON Il ADAMS

hNNsl we question OF nTONlt EnAIlnk WIN
employees is very live one with the great
employers Of labor. In some quarters Il is
not alone considered as a matter OF fair
ness 70 the employees, but Il has It's selfish
sue also IN being n not preventive Of
strikes at least as having the effect OF
minimizing the danger OF disastrous indus
trial conflicts
The most recent recruit 10 the ranks of
tne Dig employees OF labor who have de-
Clued TO make the workmen shares In the
property Is the Edison Electric Illuminating
company Of Brooklyn. The plan adopted by
thlS company provides that at the end OF
tne year 1910. employees OF that company
snAIi De credited with sum out OF the
year. profits In accordance with a schedule
under which employees who have been in the
service two full years viii receive a per-
Centage OF their salary or wages for the
dividend paid on the capital stock during
the year. Employees who have been I'm tho
service OF the company three years will re-
celNe percentage equivalent TO one-haif
OF the rate Of dividend paid on the capifsI
stock while four-year employees will re-
SeiNe three-tourths OF the rate, and five
year or stlu older employees will receive a
percentage equal TO the full rate paid on
the stock The plan also provides for pen
i s,s % io =, employees who have reached the
UNITED Tor full duty.
steel Trusts Plan.
Inc united states Steel corporation In ad-
diuon to its profit sharing places its profit
shIailhs plans to pension its faithful en-
I 80.
70 A2,OOOOOO, II will be administered nv a
board OF twelve trustees through a man
aser appointed by the board, with sucn
that body. s'''' III" W
Under the rules governing the pension
Iuhd, as adopted by the board of trustees
thuee classes of pensions are provided a.
follows: First Pensions by con,pulsoTv 70.
urehent, granted TO employees who hava
Deeh twenty years or longer in the service
ana have reached the age of 20 wears FOR
second. pensions by retirement at reouest
sIdhted TO employees who have been tvent,,
Seis OF longer in the service and have
Tedched the age OF so years for men and
0O years for women 'N
Ihlrd, pensions for perm anent incapacitv
SIallteu 10 employees who have been twenty
Sears or longer In the service and have
Deeh permanently totally incapacitated
through no fault of their own
me monthly pensions to be paid from thu
income OF the fund will be made up on the
Following basis: ~ NV
For each year Of service per cent Of thu
i Hng'S 16 monthly pay reached during the
Ihat no pension shall be more than 500 n
HlonIh or less than Sl2 a month For ex
ssItnpie s,- employe who has been twenty
i've years In the service, and has received
an average regular monthly nav OF SGo N
t nlison ~ VIII receive pension allowance Of
II Is explained that this fund is entirslv
uisunct from the voluntary accident rsIjSf
pan put In operation on Nav OF tbis
Sees, no contributions TO either of these
volved. i'es are IN
COnsumers' Buying Clubs.
,. tne sr0cery trade has been amused AT
r SeoeIai phases OF the agitation that have
! tteoenuy developed side by side. Consumers.
buying clubs are springing up thicker Than
ever. Their purpose is to eliminate the r.
p prileI oy going to the wholesalers. just at
PLoSent tnere is much talk OF further or
sanizations of retailers TO ELIMINATE ~.
SSoD or oy going direct to the manufacture
stone e' ar wilson has Just added the sap.
poth the retailer and Wholesaler ana b,,,s
Jointly Of the producer. MI" ouS
me middle man, therefore. is again
factor of no utility. But. a. one ohs as Il
mas remarked. II there were no consid
these on .,e except that Of money some Of
Other things to be considered Soy ys.os'
ne says are convenlences of time and
pace IN purchasing and likewise OF va
to Buv StU,oe ca ana OF quantities in which
sT,s uy' Ian one imagine a group of con
su tnners living in New York Apartments
getting together and buying a Carload ~
potatoes OF Maine PRODUCER
TrHnSvRRI Gold Production.
mi y IrsnsXaal production of gold for the
Luu year 1910 promises to exceed 75nO Ood
TTILnces, mus reaching a new high record
! ians gi el9 iast year was z $4,000 ounces; I'm
e eISS, IUoSoOo and in 1907 6552,OOO For the
eieVen months OF the present year the ont
put has totalled 6,SeS 900 ounces ana as NJ
cember should add at least GO on orncos
n re sIa i61 total should, as already stated
uon In dollars instead of ounces II is
sOuhu that last year the total value lust
eI a snort OF Sl55 900; In 1905 Sl5OOOO.OOO
/ IN lSVl $lS7 600, and in 1906 sra 100 OO0
10 date this year the output has reachsd
upward OF R46,OOO0O0 and about Sl6O 600 OO0
min Soiie % per cent greater than the gold
iiHHeu annually IN the United States
Public Getting IA Hand In.
Inc capital of
Dteins distributed among the public off
G clal returns supplied to the journal OF
Cor,,laeI by JIG railroad and Industrial
HO6aooo,oOo show that there are 74s 2 Sa
stoekholders. Last year ITO Corporations
n aiau 20 sei Stockholders The average
amount ~ ieht held by each stakeholder is opIv
1851, whereas last years records showed
tnat the average was 81 ESQ while IN 10Os
Ss %, o oS1i ne companies had capital OF
SO,y1l,OVy'OOO with the average holdings
amounting to S10,7S7. This year fortv-ni1s
raliIoaoS with capital Of SLO23 900 900 re-
oSnins e. "a s66oeSS d against 2s46s
1 ltahzation OF siNty-seyen Industrial enter
prlses. amounting TO SOC OOO, 900 IA held
sS me- e'C.oD sIqckholdersi year ago the
W. ~, heId IN the names or $3.50, l5s stock
Interesting changes have taken nlsc.
4 during the current year Increases bv GER
tain companies being offset by decTeases
on others. glance at the Industrial list
Ss.-''b5 oul the IdCt that the steel
tlon easily leads all others with ia an
stockhoiders, a gain Of about 1900 over
1893 ana by far the largest number ever
recorded. The American Telephone IL sec-
ono, with i0,2S4, against 81 ZOE last wear.
q gam OF $3.50, due in part to an expan-
SION IN the company's enormous ramifics-
uons. American Sugar occupies third
place, with 10 49,, n gain during the twelve
months OF l,03l. Amalgamated Copper fol-
I lows with 1862, but this company twelve
months ago had a total OF 1855. thers
having been. therefore. a decrease OF IA
I western Union, the next on the list aIao
reports falling or from 1883 10 12928 4
| loss OF 40. American Wooden can boast
I OF 1900 stockholders; the Pullman com
pany has ll,IB ana American SmeltInR
/ lo.O2l This completes the list OF indus.
trial corporations having 1000 stockhoid-
crs and upward.
Pennsylyania easily leads the railroads
In point OF the length OF It's stockholders'
list, II has today 4S9 a gain OF 3 5sa
In the twelve months. There Is a long
drop between Pennsylvania and the neNf
on the list, namely the Canadian pa
enc, which Is more OF the international
than Canadian owned ENTERPRISE m mas
no Fewer than 35,7H stOckhoiders
LUNCHEON FOa FACTORY MEN