Charlevoix county herald. (East Jordan, Mich.) 189?-1953, 1917-03-23
MANUFACTURERS
INSURE MEN BY
THE THOUSANDS
Some Policies Provide For Pay
ment Of Old Ago Pensions.
GROUP PLAN FAVORED
Part Of General Campaign For Indus
trial esttsrmsnt - Some Concerns
Adopt Plan to Give Their Employees
q Share In Prosperity.

ADOPT Plan TO Give Ineir employees
Q Share In Prosperity.
A striking evidence Of the willingness
ON the part Of manufacturers as a class
to do something material for the bene-
At 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-
nering In millions Of dollars I'm 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. II 1t were II
would probably revolt the self respect
ing worker. 1t Is better than that how.
ever; it Is indisputable proof Of the en-
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 1t In
stead OF giving a bonus at Christmas
time; others gave both bonuses and In.
surance.
Policies Total Millions.
During a few weeks before Christ
mas the Travellers Insurance Com.
pany wrote group insurance policies
aggregating $6,OO0OOO Both the Trav-
eler's and the Equitable Life Assur-
ance 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.-s5OO and upward;
7b0 risks; about 100000.
Raybestos Company. Bridgeport,
Conn.-$50O and upward; about 800
employees. totaling 100000 OF insur
ance.
James s. Fuller, Inc, Kingston, N
T., shirt manufacturers.-In
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.-10S risks for $4,000
F. E. Byers & Brothers. pump manu-.
facturers, Ashland, O.-According to
length OF service; $50 risks for $685..
0OO
Faultless Rubber Company, Ashland,
O.-According to length Of service; 40
risks for $4,000.
Sperry Gyroscope Company. Brook.
Ign, N. Y.-Each man insured for one
years salary; $50 risks for 100000.
Kellogg Toasted Corn Flakes Com.
pany, Battle Greek, Mich.-According
to service; 400 risks for $25O,OOO.
L. Barth & Son, hotel fixtures, New
York City.-10O 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 $4,000
Adams & Westlake Company. Chi.
cago. IlL-According to service: $50
risks for $250,OOO
Frank L. Hall Company. Buffalo. N.
Y.-According to service; 100 risks for
5000
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 $4,000, covering ap
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 81 ,OOO,.
900, covering thousands OF employees
ut the plants at Garnerville and wap.
pinger Falls, N. Y.
Sohmer & Company. Piano Manufac.
insurance OF $500 for each
employee.
Other manufacturers who have adopt
I'd the group system OF insurance for
their employees are Montgomery Ward
& Company Of Chicago aud Kansas
City; the B. r. Goodrich Company.
Akron, Ohio: the Standard Cloth Com.
pany OF New York; Robert Gair Com.
pany Of Brooklyn; the Studebaker Cor.
poration OF Detroit and South Bend;
Roos Brothers Of San Francisco; the
Union Oil Company OF California and
the Simmons Company OF Kenosha.
Wis.
nvh. <xronn q. .~otk.-