The Detroit times., 1911-06-08

wheat, which is not available for
making bread -four. The Michigan
brand is used largely for crackers
and other biscuits.
AS l said before, i don't see that
anybody Is going TO suffer by having
reciprocity between Canada and the
United States. Let US have the trade
agreement and | am sure tnat IN
three months we shall forget that
there ever was an imaginary line sep
arating the two countries"
Mr.. Chatfeld Is one of the Dig
men, physically and industrialiy, IN
the millers' association. he STANDS
over six feet and walks with an elas-
tic step, In spite of his more than
60 years. He Is truly a man OF un-
usual philanthropy and kindness To-
wards his fellow-men, particularly
those who happen TO have the good
fortune TO work for him. Five years
ago he began to share the profits Oh
his big mill with his employees and
the practice is still in vogue.
For a few minutes, Wednesday al
ternoon. he told the convention del
egates about his profit-sharing plan'
and afterwards further explained,it 10
The Times. To the latter he SAID
that he had thus far paid out TO me
employees $500 as their share of the
profits of the mill. This amount was
paid out at the following rate: First
year, seven per cent; secohu yea
Is per cent; third year, 10 per cent
fourth year, IL per cent; nith year.
10 per cent.
II believe" said Mr.. Chatfeld, that
the capital invested In business Is
first OF all entitled TO fair snare
of the profits. |, therefore. deduct
Ave per cent OF my capital from the
profits and then share the balance
with the employees. For instance, IL
my capital was $4,000, with a pay
roll Of $4,000, making a total oil seo'-
900. and the profits for one year VIZ
$50. | would deduct $3.50, five per
cent OF the capital from the
profit. That would leave $4,000,
which would be 10 per cent OF the
capital, including payroll Each elm,
ploye would thus, according TO ny
plan. receive 10 per cent increase over
his regular pay. The man getting $1,000
a year would receive check for
500 as his share of the profits, ana
SO on"
| cess and am very glad that | started
liz. I get as much pleasure out OF CIV
| ing the checks as the men who re-
ceiye them. The plan causes the men
| to take a keen interest In the busi'
ness: in fact, they are just as much
| interested In the welfare OF the mill
as though IL belonged to them
How did you happen to establish
the profit-sharing scheme?" was ASK
| ed OF Mr.. Chatfield.
| when was a young man, working
for my own living" he replied, !
determined that II / ever owned
business OF my own | would treat my
employees the best | knew how. Al
the time I made the resolution | was
working for lumber company In Bay
| CITY. I kept the books Of store which
| the company ran in connection with
its mill. When I took the position at
] $3.50 a week, was told | would nave
| TO work but a few hours a day and
would have plenty of time to study
Well, | had TO work from early In the
| morning until late at night; there
was no time TO study. paid 30 a
| week for what I got TO eat and 81 a
week for my room, leaving $3.50 for
spending money. found that
| couldn't make both ends meet on the
salary. 80 | gave up my room and
slept on the counter in the store. MY
employers were making barrels OF
money. and I thought they might have
paid me more. However, guess the
| treatment got served TO give me a
kindlier feeling towards mankind and
I am not sorry I had this experience.
"T have been 20 years In the mill
ing business. In 1885 our mill was
burned down and was left worse OF
than having nothing My partner had
money, however. and he rebuilt the
mill. Five years ago | got control OF
the business for myself and started
the profit-sharing plan as soon as got
control. suggested the scheme TO
partner 7 had some years ago. but
he gruffly turned deaf ear To- II, say
ing the employees we're not entitled to