Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1913-03-15
MUST ASK LEAVE TO WE
Bank Employees Find Joker in
Pension Regulations.

Pension Regulations.
When the Bankers Trust Com|
Of Is Wall street. announced red
ftss gift Of $4,000 TO found a pe|
flihd for it's efnployesI-with ped
of every empleSeisssatary TO be
TO the fund monthlX7it was
that the rules covering the pensioI
uatfoh woiild be Promulgated ST
f'rhey have BEEN ahaaone of the
contains jeksrzaasIiidden awl
this:tA Est.4 7fsa eR
Rule. 16zAny employee reeeivi
salary Of les than 800 a month
marfies without the permission 4
company Shall be liable to dlsrI
and forfeiture of all 4frights ii
fund, except to RECEIVE back his q
buttons
Among the 250-odd employees d
bankers trust are more than 15d
receive less than 800 4 MONTH
promise eff receiving more has
been bright in banking work and
one of the assistant tellers expl
yesterday, the man WHO goes ii
bank to stick to it does SO With
for the work greater than a desil
money.
But what are we going to do \
he asked. Fer admitting that $1|
year Qess $50. for. the pension ful
a small sum on which to marry,
We should net, because we have
banking work our means of earnI
living, have TO give up the hol
marrying.
If l can find a girl who is will
start out in life with me on my
of 500 a month, with the hoI
climbing the ladder, what busin|
1t Of my. employers And sure the|
and reward of such a marriag
more than half the incentives for
est competent work.
Re.H. Giles, office manager an
sistant to George w. Benton, the
urer of the company, is in char
the pension department.. Mr.. Giles
1--WE have taken this step to-
tect our lower salaried emu
against themselves. Many a til
young man will marry hastily 81
low a salary, and then. when exrl
increase, that mans life is wreck
marital infelicity. It is absolntelJ
that When the wolf comes in. d
door love flies out at the window
rule is designed to protect our vol
clerks from blighting their futureI
At other financial institutions il
said Tuesday that the experimel
the bankers trust would be wal
with interest before this rule is 2
ally adopted. -...-..
What Mr.. Giles says seems. H
main, correst," said E. c. HebbaI
the Guaranty Trust. Il think nal
our clerks who are young, enou3
be able to wait before they n
would be better off If they did
jump into matrimony while the]
stih fedglings. 's-s
- y pretty hard PROPOSE
was The opinion of jan. Allen. d
knickerbocker Trust Company.
very hard to govern the private il
ones employees. and, |, do not
that It is either ,neeessary or !
able From the purely altruistic
of view, | suppose the bankers
rule is right, because youngsters
apt to rush headlong into martial
soon as they think, they have EN-
on which to marry sSr
The William j. Burns detd
agency. which is employed by
American Bankers Association
pressed itself through one of its r,
sentatiges as being rather oppos.
the idea.
Twelve hundred dollars a yea
not a great deal of money ON Will
marry but it is enough to start
said. I should think banking 4
tutions would encourage their
pioyes to marry, and most bank
ployes throughout the country occ
ing positions of trust are married
1t would seem more desirale NJ
hlgher salaries in order to permit
rage than to deny marriage to
whose salaries do not seem
enough to warrant their heeoj
married.'-New York American.