Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1912-11-11


elnplagsth vho .have not been two
t'knra ~ aarsica. heads % departments
Ulll ~ rofihiltaa the same Liberation
a Ntrtlctbre. On continuing pay dur
irls Temporary Illness,
F. 2tAeb taspfRnoe; In tlEe case Of
death eRguiting from accident In and
duo 10 performanbo OF work for the
company, an Insura nee amounting to
three years pay. will be paid 10 the
dependents of tho employee. the max
iInum payment being 100000.
In the case OF death resulting from
sickness or from accident outside the
business, the payment will no ono
5 ears pay for employees who have
been ten years or more IN the SER
vice and one half Of ono yedr's pay
for employees who have been from
fivo to ten years Ia sorVlce, tho max
tmum payment being 100000.
IL any state statutes provide for
moro liberal compensation than ~
provided under tho benefit plan, the
statutory provision wlll prevail.
Where the employees have legal
rights. al In some accident cases, they
viii have the option OF exercising
such rights or accepting tho com
pany's benefits. Tho American Telo-
phone and Telegraph Company has
ret aside from its surplus n fund
which provides for those whom II d.
rectly employs. and also provides d
Teserve. upon which, under certain
conditions. tho associated oompanlc'
may draw. This fund IL supplement-
cd by funds sot aside By each com
pany. Tho total appropriation, VII
aggregate something more than ei0,-
OO0, 10000. Tho benefits, 4 " ostl'
mated, will cost annually about St.'
coo, 100000 moro than the present pay
mentS on this account. ~
Tho administration OF the FUND.-
will DO IN the hands Of Employed
Benefit Committees o. five. 70 be ap'
pointed by the board OF diroctors Of
each company. The committee oi
each associated company will have
jurisdiction over the benefits for en-
ployees OF that company.
The Employees Benefit Committed
OF tho American Telephone and Telo
graph Company will have gen
cral Jurisdiction over the plan for the
entiro system and specific authority
Telegraph Company'a employees ben
eflts.
President u. b. Field OF The Noun
tain States Telephone and Telegraph
Company announces that his com
pRny will adopt the plan January
first. Mr. Field says this comprc'
hensive and far reaching plan cover
Ing nn employees benefit fund aud
pension ana II form OF disability nnt
accident insurance has been adopted
| by u unanimous vote OF the several
presidents Of the associate conpanicl
OF The American Telephone and Tclo'
graph Company, In conjunction with
tho latter.
| II Will be- noted that u covers thl
whole United States. benoflting soin'
| $4,000 employees. but I wnnt Il
brlnE homo the fact that II will be
come effective january first In tn
territory covered by The MountaiI
statcs Telephone and Telegraph Com
pnny. operating In Arizona, Colorado
idaho, Montana, New Mexico, Utal
and Wyoming, and will apply 4
about 5000 employees engaged In tn
telephone business In those states,
There never has boon adopted. Il
rho iltst0yyiof, peglSiUhB &C. benefits. !
plan thnt IL 30 far reaching. coverln
az Il does nil employees from I'll
highest to the lowest without dlScrlln
inatlon.
l sincerely hope the public vii
grasp tho underlying Significance u
this plnn and how II hnS been posi-
ble To bring II about.
a thought along this limo II particu
larly timely. Much has boon sal,
about combinations OF capital an,
their effect upon public welfare. bu
want to call attention to the fac
tina no such plan could possibly huv
boon brought about except through
II combination OF financing such u
that afforded by The American Tele
phone and Telegraph Company an
It's associate companies II IN be
cause OF our association In this wa
that we are able To Give our em
plOyces the financial protection tina
modern conditions seem to dictate
Since no expense whatever In born
by tho employee In this connection
II takes an approved form Of prof
sharing In which all participate
equally and which IN particularly dc
signed to protect tho needy and I'M
fortunate.
IL In with great deal Of grntlllrn
tlOn that ! make this announcement