The Birmingham age-herald., 1912-01-12

employ receiving $11o0 per year or up- ward is allowed to subscribe for one share of the preferred stock, which Is the minimum salary scale and the maximum amount of stock that can be secured on that salary. An official receiving $S25O. .01 or more per year to $9350 may secure eight shares of the preferred stock at the same rate. The maximum salary Is from $19, 937 .51 to s34100. Officials earning that much money are entitled to buy only 15 shares of the preferred stock
 As to the common stocks the company allows any employe earning from $4s7 .5o to $1B3.33 per year to get one share. From that maximum wage to a salary of from $l9,9O62e to $s3 15O per year the amount of common is % shares.
 The plan as set forth by Secretary Trimble secures the buyers in any event and allows excellent plans for the easy payment of the sure income bringer.
 Further Details of Plan
 The concluding paragraphs as to the plan setting forth the subscriptions tersely are are follows:
 'In case a subscriber dies or becomes permanently disabled while faithfully serving the corporation or one of its sub- sidiary companies. during such five years period, payments will be made to his es- tate or to him. as follows:
 "(a) If his subscription is fully paid and he has received and not disposed of his certificate of stock the corporation will pay, as above stated, a sum equal to s or s3.5O per share for each of the five years not then expired, and also a pro rata amount of the special fund aris- ing from forfetures, referred to in sec tion preceding. whicn may have ac- crued at the time of his death or dis ability.
 ''tb) If his subscription has not been paid in full, the corporation will pay. as stated. the money heretofore paid in by him on account. together with the div idends paid on the stock subscribed for, the special compensation for the entire five years period and pro rata share of tho amount of the special fund men toned in paragraph (a) preceding, less interest at per cent per annum on de- ferred instalments.
 "(c) If at time of decease or permanent disablement the subscription has been fully paid, but certificate not yet delv- cred, the corporation will turn over the certificate, as first stated above, together with the additional payments as men tioned in paragraph (a) preceding.
 "A pensioner will not be permitted to subscribe, but any employe who sub- scribes and is subsequently pensioned will at his request be permitted to psy up his subscription on the same terms as if he had remained in the service, provided. however, that as soon as he shall have fully paid his subscription and received his certificate of stock he will be treated as though permanently dis abled and payments will be made to him in accordance with provisions of para graph (a). section 9.
 "A subscriber may designate in his sub scription the person to whom in the event of his death he desires the corporation to pay all amounts in connection with his subscription which would otherwise be payable to his estate. When such desfg- nation has been made the corporation, upon satisfactory proof of death under tAO eoh,itluiS ol tHc VIII pay to the person designated, if then liv- ing, all amounts in connection with the subscription which would otherwise be paya ble to the estate of the subscriber. When such designation has been made the subscribers estate shall have no claim to any such amounts, unless the person designated should die before the subscriber, and in that event payment will be made to the subscribers estate. By written notice delivered to the treasurer of the company by which he is employed, a subscriber may change the person desig- mated.
 Subscribing employees whose employ ment has been or may be suspended by reason of the temporary closing of the plants. and who shall continue ready and willing when required to resume their service. will not be deprived of the special allowance of 5 to s3.50 per share per year during such suspension. As Dresumptive evidence of such wiliingness{ to resume their employment. the corpofation will accept Q) from the holders of fully paid