The Democratic banner. (Mt. Vernon, Ohio) 1898-192?, 1917-03-02
BONUSES RESULTED
FROM 1916 BUSINESS
Local Factory Has Always
Been Twenty Contracts
Or More Behind

There has been a great deal of con.
fusion concerning the identity of the
Hope Forge and Machine company
and the Hope Engineering and Supply
company since the former has been 10.
Gated in Mt Vernon. Monday after
noon meeting was arranged by =. S.
kelser whereby a representative of
The Banner might visit the plant and
secure from r. s. Lord the informa-
ton necessary to solve this rather per-
picking question for the general public.
There are three separate units under
three separate names-the Harmon
Coupler company, the Hope Forge and
Machine company and the Hope En-.
gineering and Supply company. It is
the Hope Forge and Machine com
pany's shop and Office that are located
in Mt. Vernon.
The three units have been consoli-
dated, but retain their separate of
ficers. The original company was the
Harmon Coupler company, which
makes the Hammon coupler for gas
and oil lines This company was
started IL years ago. Later the other
two corporations were started under
the Harmon Coupler company, but
became separate concerns Eventual
ly the Hope Engineering and Supply
company became the leader of the
three concerns and now handles all
OF the sales of the Hope Forge and
Machine company and the greater part
of the sales of the Harmon Coupler
company
AT the plant of the Hone Forge and
Machine company, which rs located in
Mt. Vernon, the Hope Engineering and
Supply company employs men In the
Office and pays that part of the ex-
penses that would fall upon it in pro
portion to the men in the Office of the
Hope Forge and Machine company.
The property on which the Hope Forge
and Machine company's plant is locat.
cd belongs to the local concern as
do the office building and shop.
The Hope Forge and Machine com
pany manufactures at its plant in Mt
Vernon Harmon couplers and Reeves
engines. However, the sale of the
manufactures of the local plant is In
the hands OF the Hope Engineering
and Supply company, the local plant
having no sales department.
Some of the products of the loca
shop are used In Europe, South Ameri
ca, Canada, Mexico and the UniteC
States. Many miles of pipe line have
been manufactured by the local plan
for use In foreign countries. Durinl
the past year, $50 miles of pipe lin,
have been put up by the local plan
and 10 compressng stations have beef
installed In the United States.
At no time since the plant was in
stalled in Mt. Vernon has the Hop,
Forge and Machine company had les
than 20 contracts waiting. Many O
the contracts have been estimated a
costing between two and three million
of dollars Such Il business as thi
has made ii possible for the loca
company to distribute bonus anon
its employees.
That this bonus might be given tn
shop employees, the plant set aside
per cent of the profits from contract
from the first of April to the first {
January, 1917, for distribution anon
the shop employees, The bonuses
ceived by the men employed at Il
Hope Forge and Machine compar
, were just given out by the compar
last week. OF course the bonus r
celved by each man was computed n
|. cording to the wages he earned
|. the shop, making the distribution
the profits as equal as possible.
From now ON the Hope Forge al
d Machine company expects to set asi'
l. Is per cent of the profits Of the col
pany for distribution among the she
employees every year, With all larl
y concerns giving each employe bonu
Q this Ia one of tho best plans that corl
be considered by the company. III
plan has proved to be a great sueces
l. It has been the idea Of the gener
!. public that the plant in Mt. Vern'
was the Hope Engineering and Su
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