Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1915-12-24
STETSON WORKERS GET
FORTUNE IN GIFTS

NVhtiiutu ifou1 EbHe On6
being absent" he said. He nan, ,,,,
wishes to all.
The Rev. Floyd w. Tomkins. reo.o, a,
Holy Trinity Church, said II was har,v
thought of the management to hays N.
50th anniversary at this time, 'becauss 4,
IL had not been for what Christmas stand,
for there would be no such cause for
celebration today. In times that are "a
full of changes as the present, Il is amar.
ing that n concern should be maintained
with such unchanglng ideals for half
century. Only a great leader can do such
things. This company is an object lesson
of the recognition that true Leadership
should have"
The gifts distributed among empoyo
were sofa turkeys, with an aggrefat,
weight of 1900 pounds; 1900 flftieth ami.
versary bronze medals, n pair OF gloves
and a pound of candy to each Of 100 girls
20 hats, 4S watches, so chains, 3lS shares
of stock in the Stetson Building and Loan
Association, each share having q value Of
$500 at maturity; bonuses to every EN-.
ploye; to the more deserving, on their
record, shares of John B. Stetson Com.
pany's common stock. the present market
value of which Is 500 a share, and q lie
Insurance policy for 5000, known m
Twenty payment llle pldU, kOlUb 70 n,
II. Wright, advertising manager,
The shares of common stocx were d.
vided among 2S employees. slxty-one re.
ceived building association stock J.
Howell Cummings. president OF the con-
pany, said In his address that there was
only one person connected with the CON-
pany today who was associated wltANL
Stetson when he founded the buslnss-
William F. Fray.
while none of us can boast OF 20 years
OF service. there are number who have
been here % years and longer. The names
OF these persons, 232 in number, will b
thrown on the canvas. A year ago
urged upon you the necessity OF keeping
our organization intact during the period
OF extreme depression, so that We would
be prepared to take advantage OF the
first signs of business awakening, lit
tie realized then that by the end OF the
year we would be literally swamped with
orders.
THE orders for the last six weeks
show an increase of 20 per cent. as com.
pared with the corresponding period Of
last year. and are II per cent. more than
we have ever received during any CORE.
spending period. Do not msunderstand
me. l do not want you to get the I'm.
preston that the business for the current
year is going TO show an increase In pro-
portion to the increase in orders for the
period Just referred to.
THE orders for the six weeks have
averaged nearly 10000 dozens per week
and while the prospects for the future
are bright there is sufficient haze n
the atmosphere to make us feel that u
would be unwise to make extensive I'M
provements at this time with view 70
increasing our facilities.
"a feature OF these exercises Is 'no
payment OF the bonus BY some y .
referred to as a 'profit-sharing Plan
but. as I have explained several times,
II is not profit sharing in the sense IN n
which that term is generally used
do not set aside certain per cent "
our profits for distribution 10 1he en-
ployes. The employe Is paid az ChflSs
mas an amount based on what he or sne i'
has earned during the year. and TINS
amount is included In the cost OF opeIa..,,
ing the department. The amount pa.
the employe has no relation WhA.s's.
to our profits. The same per cent
not paid in an departments IL NM''s
from minimum of 8 per cent
maximum of 20 per cent .s "a
when the bonus plan was auop'eua
years ago, Il applied to only one
partment. Since then other departments .,n
have been included in It's opeI",
Last year 1 said that about " per IN, ,hs
of the skilled labor participated =, q
distribution. or about 10 per cent ~ al
Der cent. of our employees. This year ,av A.
are included. Every man, woman, ,,oil
and girl whose name was on the M
when we closed our books on ene ene,,sln
OF October will today receive
sum In cash." ,h. eele-
A luncheon was given after 'hs ' tSs
bratlon to Colonel Cummings 9 ,hs
other officers of the company as.
Bellevue-Stratford by the salesn,s
sociated with the Stetson Compan'