The sun., 1916-12-23
GOLDEN SHOWER IN
WALL STREET TO-DAY
Thousands Of Dollars I'm Gifts
to Employees Of Finan-
cial Houses.
STOCK EXCHANGE PARTY
More Firms Announce Bonuses
to Their Working
Force.
STOCK EXCHANGE PARTY

~"p'osees to-udy as SHrlbtHias pTcscHts
and as bonuses - meet increased living
costs. II will be the big day of the year
In many business houses. and with all
the Christmas spirit going around II is
doubtful II much work will be done.
Many small, familylike festivities will
accompany the giving Of bonuses. In
which "the boss" will play Santa Claus.
One Of the largest OF these will be
staged at o'clock this afternoon, when
the New York Stock Exchange gives its
annual party to its employees, A hum
dred deep and dark secrets have We'd
with stock market tips In flying about
the real facts OF the party's details have
not been permitted to leak out.
There will he a tree. though. and a
band and gifts galore. II I, reported
that the committee in charge Of the
Christmas fund has raised more money
this year as bonus for employees of
the exchange than ever before. over
across Broad street. In the Cotton EN-
change. employees will have cause for
merriment. although the party will prob
ably he on a smaller scale than that OF
the Stock Exchange. Most OF the brokers
In both exchanges and In many cases
members OF their families will attend
the parties.
Several New Distribations.
Several additional distributions were
announced yesterday. George &. Tay-
lor. president Of the American Express
Company. announced that all employees
In the service Of the company for one
year or mor' who receive salary OF
81, 900 q year or less Will be awarded a
bonus of a months salary. 1t is esti-
mated that approximately f.25o.ooo
will be distributed among $4,000 en-
ployees. The bonus will be payable IN
quarterly instalments. on the nrst OF
January, April. July and October. 1t Is
to meet increased living costs.
The American International Corpora
tlon announced that II will distribute to-
day to its stan additional salary based
upon the amount paid during 1915 on a
scale so graduated that the lower paid
employees will receive proportionately
the largest amounts. A bonus OF 10 per
cent was granted to all salar'ed en-
ployces by the Lehigh Coal Sales Com
pany.
The Gulf Refining Company announced
that bonus Of 10 per cent. Of one year $
salary will be paid to employees or more
than six months service and who receive
less than S2.5O0 annually. over 1000
employees In ffty-four cities where the
" w Johns-Manville Company main
tains branches will benefit by bonus
announced yesterday. The distribution
will be 10 per cent. OF the annual salary
and will be paid to each employee who
has given one years service or more.
salary and Bonuses.
The Worthington Pump and MACHINERY
Corporation announced that all officers
engineers, statesmen, clerks and foremen
m the companys employ will receive
checks for 10 per cent. OF the salary
earned by them during 1915. Effective
January and until further notice me-
Chanical operatives Of the company viii
participate In n graduated bonus distri'
button which In substance provides FOL
monthly payments OF per cent or theii
wages earned during the first month,
per cent during the second month. pei
cent. during the third month and 10 pei
cent. during each month thereafter
The Corn Products Refining Company
distributed yesterday a bonus equal t.
more than IN per cent. OF their annua
salaries to 500 employees. frichitt a e."
distri buted yesterday 20 per cent
bonus TO all employees.
Mrs. Russell Sage. through rarf
! Commissioner Ward. announced yestcr'
day that in view Of the increased Twins
| costs she had decided 10 double he'
gifts Of gold To park employees this
year. At noon to-day the 3l4 employees
| Of the park will nee, near the nenaeerls
| in Central Park and receive $40 gold
pieces The gift from Mrs. sage
! formerly was OF IS gold pieces. Mrs
| Sage l. known TO practically all Of the
| employees Of the park.