The Washington times., 1912-12-22
IN LOCAL FINANCIAL CIRCLES
D. GEORGE n. GALL.

e an, act making . further reductioe,
n csrtain rates OF about Z per C0IIt.
s.0ckh0lders Of the railroads 6eouGHt
sr r't 4; aGslnss all concerned ana obtained
bslns S1tUn S1t iUso pssvcsnsing scs the new rates
They maintained that the nav rates
,Mssre unjust. and that the state was
ana sS tSess{o.ws ZIP 4. int inssrststs ce@9secs.
9slISH9sl; sIn9sl; AZ appssi vac taken 70 sSs
UnIted states Supreme Court which
spPsoved the ordere Of the lower court.
g az 70 iSi 81 ses ns9S'siss wers p ssvsrs
MINNESOTA. Charles q. Ot7s. arccintsd
. .psc.el master 70 take tssiiI6ony. re-.
SIsse1 |sIsssn1. 70 the court that the state's lsG.
SRssaisS %sS iss.::... e s a::
that the rates themselves were connsc~.
rscy Tne ma.eer's findings were sp.
cult Court ana 15cS6eDsr 5c6em.a, Of vu. the sc.
holders. The state then i SnpcsiSd seS to sss
supreme Court. ana decision 10 now
~ announcement that q fund OF Sio0uo,.
~ lot pensions, sick benefits and life
Insurance. will be available on January
,f.ieSI,sne CI sne iaNo0 employees OF sthe Bell
tsrests: comes today At : tims when
many bankers and heads Of large cor. @
porauons In Washingt0n, are consid.
sr,ms ss tns adyissbi!ty Of following In
Tssk BY the American Security and
Trust Company In setting aside & fund
o. S9o0 for employees pensions. -
Inie N0Wo.0oo FUND wifi be made good
tioms T oesn 1s ihs 20 yssr ey annual spproPria-
phone and telegraph Company and a.
s,G9Gs1ed companies and the Western
WwnsCn Wns. Ts,Seraph Company and tho
wcssssern Electric Company.
s the vs1Ua. n1Ss 'esarss ss
interested. without contributions Of any
Kind from the emploSes themselyss,
Ti. Tne application Of these varied bene.
vii Viii S. Se ,or 90 .Ss sSsscy S.y,.S; SS:mecratiS and
ploye: Of every rank. The plan viii
provide for FREQ change OF empiOyment
from one company. to another, with
iuIl credit for combined terms Of serv.
Male employees who have reached the
age Of sixty years and who have been
twcny years or more In service may
retire on pensions. They may be re.
sy :. Ssys yse reDeSa SpSn Of ~ the when
male employees 10 IN each case flve years
III the service. The pension age OF fe-
male employees is In tach case five years
younger than thst Of male employees.
IN service. regardless Of age. may be
penao1fd on the approval Of the presi.
dent OF the company.
The amount OF the pension 10 auto
maticaily based on the years OF service
per cent Of the average annual pay for
ten years, multiplied by the number Of
years In service. Therefore, a man who
had been thirty year. in service would
ssfa he
which he has been receiving during his
last ten years Of service. No pension
Will BE- less than go 2 month.
IN ,a t tne g csss e OF .scidents occurrins In
for total disability full pay for thirteen
weeks and half pay for the remainder
or disability. up to six years.
~ the al; disa oiiity 70 temporary. he will
half nay nufii able to earn q iiveiihood,
not exceeding six years.
Employees who are disabled by sick
ness or accident outside Of the regular
n .see St aSY ss, n r.y for S
teen weeks and half pay for thirty mine
weeks: u from I'VE to ten years In ser-
vice. full pay for thirteen weeks and
half nay for thirteen weeks: II from
four weeks and half nay Tor nine weeks.
In the case OF employees who have not
been two years In service. heads Of de-
partments will he permitted the same
pay during Temporary illness.
In the case OF death resulting from
accident In and due to performance Of
work for the company. an insurance
amounting to three years. pay will be
the maximum payment being 5000.
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. had ten
Of one years pay for employees who
have been from five to ten years in
service. the maximum payment being
5000.