The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-03-17

"Iu addition to expenditures 10 In
made in 1916 on capital account. ~
above outlined. there will mature during
l'lt. ~ VIII have TO he redeemed under
sinking fund provisions. S1o.470.0OO ~
hulldS OF ia" subsidiary companies and
approximately S6.S2i,0 oo of United States
Steel Corporation bonds.
'Durinc The year 1915 a total vt ST.
42",S"i Of horids. mortgages and pur-
'has" 'nuloy obligations ~ the corpora
Ton and ~" subsidiary companies was
paid OFT. OF this total 50. 10000 were
redeemed through the sinking funds Of
~" MORTGAGES %securiuE the bonds There
wer" al-o paid off during the year So
tt7,Noi mining royalty notes of subsi-
diary companies which had beer issued
and substituted for previously existing
royalty obligations under mining con-
tracts. No new issues Of bonds. mort
cages or purchase money obligations
We're sold To the public during the year.
As at January /. 1916. there was
offered To employees of the United States
steel Corporation and of the subsidiary
companies IN. privilege of subscribing
Tor shares Of Common stock of the cor
I"ration nj the price Of SIS "a share.
Suhscrpttons Were. lNysiNed from 1890
employees for IA a.gfrgate of fa,7t:
NV FNs lNTAA VI ClffNl
compensation Ia employees under plan
adopted TN 1903 was also made.
Accident Prevention. Although sddi-
tloral expenditures are being made
wherever necessary through installation
or devices. facilities. &c, to safeguard
employees from Injuries. especial atten-
ton * npw being directed toward en-
listing the employees themselves IN the
prevention of accidents. At present t.eA9
employees are serving on safety COM
inittecs whose efforts are being expended
In this direction.
Tho amount expended IN 1915 nv all
companies tor safety work was $685.
So Serious and fatal accidents in loi,.
ias"d on the number of accidents per
100 employees in service. were 3 per
cent. less than in 1914 and 43.5 per cent.
less than in 1905. Fatal accidents in
1915 were i5.1s per cent. less than IN
1914 and 5927 per cent. less than in
1906.
"Noluntt- N accident Relief Plan. This
rlan has been supef seeded To- u large .N-
tent bV worK'nen's compensation laws
enacted hN most OF the States IN which
she subsidiary companies are operating.
Such law merely establish the primer
pies upon which TINS ,lan OF relief. re-
gardl.ss Of legal liability. Was inaugu-
rated by the corporation before any such
laws we're in force The subsidiary
COMPANIES have promptly accepted the
compensation acts and assisted the State
commissions in administering them. The
total amount paid out by all companies
in 1915. ia connection with wWk acCl-
dents. was $l.9aN.1 ~. ot this total
S416 per cent. was 's,ii directly 10 in
jured employees or their families or in
iaking care pf ilpln
"Welfire Work. Efforts have been
continued looking toward Improvement
Of the material welfare of employees
and their families through discussing
with them sanitary methods OF living.
th. ough establi shing means OF recreation
and wholesome amusement. through on
Couiaging them in the free use OF unused
land surrounding the plants for garden
ing and through the organ. zntioSr OF edu-
Ca,lonal classes for employees IN which
courses OF instruction on special and
practical lines are given, The efforts
In these directions have met with praCt!-
cal Endorsement and cooperation on the
mart OF The ,iuqloNpes"