The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1917-03-10
Some Policies Provide For Pay
ment of Old Age Pensions.
GROUP PLAN FAVORED
Part of General Campaign For Indus
trial Betterment - Some Concerns
Adopt Plan TO Give Their Employees
q Share In Prosperity.

"A SCrlkluS eVlue0ce OF the
on the part of manufacturers as a class
to do something material for the bene-
fit Of their employees is to be found in
the growing popularity of the group in.
surance plan. Industrial concerns all
over the country are insuring their
workers against death, sickness, acct
dent and old age under the group sys-
tenn, and insurance companies are gar
nering In millions of dollars in pre-
miums.
This new manifestation of the en-
ployer's concern for the members of
his industrial family may not be found
ed entirely on altruism. If it were it
would probably revolt the self respect
ing worker. 1t is better than that how
ever; it is ~indisputable proof of the m
ployer's willingness to go more than
half the necessary distance to meet his
employees on the common ground of
mutual helpfulness, and thus help to
wipe out any MISUNDERSTANDING that
may have existed between them.
The group plan has had a remarkable
growth since its Inauguration about
five years ago and has recommended it
self not only to industrial concerns but
to banking and mercantile establish
ments in all pats of the country. Many
of these establishments adopted it in
stead of giving a bonus at Christmas
time; others gave both bonuses and In
uranc
Policies Total Millions.
During a few weeks before Christ
mas the Travellers Insurance Com
pany wrote group insurance policies
aggregating $6,0OO,OO Both the Trav-
eler's and the Equitable Life Assur-
C Society did a larger business in
group insurance during the year 1916
because of the willingness Of manufac-
turing and other concerns to grant
their employees a share In their pros
perity. Among the manufacturing
concerns insured within the past few
months by the Travellers are:
Billiard Machine Tool Company,
Bridgeport, Conn.-$50O and upward;
$50 risks; about 100000.
R~aybestos Company. Bridgeport,
Conn.-$500 and upward; about 300
employees. totaling 100000 of insur.
ance.
James S. Fuller. Inc. Kingston, N.
T., shirt NEUTRALITY-SUSPICIOUS.
according to length Of service; $50
risks for about 100000.
Benton Harbor Malleable Foundry
Co., Benton Harbor. Mich.-Insurance
ON unmarried men, $500; married men,
$1,000: total insurance Of 100000 on
$50 risks.
Buffalo Gasoline Motor Company.
Buffalo, N. Y.-1OS risks for $4,000.
F. E. Byers & Brothers. pump manu-
~facturers, Ashland, O.-According to
length of service; $50 risks for $685.
600.
Faultless Rubber Company, Ashland,
O.-According to length of service; 40
|. risks for $220.000.
Sperry Gyroscope Company, Brook
Ign, N. Y.-Each nan insured for one
years salary; $50 risks for 100000.
Kellogg Toasted Corn Flakes Com
pany, Battle Greek. notwithstanding
to service: 400 risks for $250.000.
L. Barth & Son, hotel fixtures. New
York City.-100 risks for 100000.
Neptune Meter Company, water
meters. New York City.-According to
salary; 400 risks for 100000.
Michigan Lubricator Company. De-
troit. Mich.-275 risks for $150.000.
Adams & Westlake Company, Chi
cago. Ill.-According to service; $50
risks for $250,000.
Frank L. Hall Company. Buffalo, N
Y.-According to service; 100 risks for
$4,000.
Many Other Policies Written.
Among many other industrial con.
Germs the Equitable insured the fol
lowing:
William NJ Crane & Co.. New York.
From $500 to $1,000, covering ap.
proximately 1000 employed.
Favorita Silk Company. Paterson,
N. life insurance to all employees
in amounts ranging from $500 to 81, 900
Garner Print Works and Bleachery.-
Life insurance aggregating over $1,000,
600, covering thousands of employees
at the plants at Garnerville and Wap
pinger Falls, \ Y
Sohmer X Company. Piano Manufac
turers. Life insurance of $500 for each
employee
Other manufacturers who nave adopt
ed the group system of insurance for
their employ eps are Montgomery Ward
X Company nt hIrago and Kansas
CITY the Il T. tiondrich Company
Akron am - tin. >fuulnr1 Ilpth Gam