The Canon City record with which is consolidated the Canon City cannon., 1912-11-14

| years pay, VIII De paid 10 the c<fend-
ents OF the employee. the maximum
payment being 100000.
In the case OF death resulting from
sickness or from accident outside the
business. the payment will be one
years pay for employees who have
been ten years or more in the service
and one-hslf of one years pay for
employees who have been from Ave
to ten years in service. the maximum
payment being 100000.
| II any state statutes provide for.
more liberal compensation than is
provided under the benefit plan. the
statutory provision will prevail. Where
. the employees have legal rights. as IN
some accident cases. they will have
| the option of exercising such rights or
!, accepting the company's benefits. The
American Telephone and Telegraph
SoANIo"s AaH H'A asiue iAoAA It's sbs
plus a fund which provides for those
whom It directly employs and also
provides reserve. upon which. under
certain conditions. the associated com
panies may draw. This fund is sup
plemented by funds set aside by each
s-l rf.s
will aggregate something more than
$1,000 10000. The benefits. ii is cs-
timated, will cost annually about ST.
900. 100000 more than the present pag-
. ments on this account
The administration OF the funds viii
be In the hands of Employees Beneht
Committees of FIVE. to be appointed 5y
the board OF directors OF each COM
pany The committee OF each associat-
ed company will have jurisdiction over
the benefits for employees OF that CON-
pany
The Employees Benefit Committee =.
the American Telephone and Tele-
graph Company will have general iur-
isdiction over the plan for the entire
system and specific authority as TO the
American Telephone and Telegraph
oompsny's employees benefits
President Z u. Field of The Noun
tain states Telephone and Telegraph
cDmpany announces that his company
will adopt the plan January first NJ.
Field says this comprehensive and far
reaching plan covering an employees
benefi fund and pension and a form
OF disability and accident insurance
has 5een adopted by a unanimous vose
o. the several presidents OF the asso-
eia;e companies OF The American Tei-
ephone company. In conjunction With
the latter.
II will be noted that Il covers the
whole United States. benehting some
Iss.ooo employees. but I want 10 brius
home the fact that IL win become -
feetive January first in the territory
, covered by The Mountain States Tels-
phone and TELEGRAPH company .opsr-
aung in Arizona. Colorado. Idanc
Montana. New Mexico. Utah and Wy
omins. and will apply to aboa, e.oeo
employees engaged in the telephone
buslness in those states.
There never has been adopted. In the
history OF pensions or benefits. a plan
that is so far reaching. covering as IL
does. all employees from the highess
10 the lowest without Discriminate B.
sincerely hope the public Wi
srasp tho underlying significance Of
,his plan and how /, has been possible
to bring it about
4 thought along this line is paFtleu-
larry timely. Much has been said about
combinatiors Of capital and their enset
tpan public welfare. but want .
calf attention TO the fact that 10 suea
plan eould possibly have been brought
ABOUT except through a combination
OF financing such as that Afforded by
The American Telephone and rele-