The Penn's Grove record., 1917-05-18
MANUFACTURERS
INSURE MEN BY
THE THOUSANDS
Some Policies Provide For Pay
ment Of Old Age Pensions,
GROUP PLAN FAVORED

Part of General Campaign For Indus
trial 5etterment = Some Concerns
Adopt Plan to Give Their Employees
. 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 insnring~ their
workers against death, sickness, acci
dent and old age under the group sys-
tenn, aud insurance companies are gar
nering in millions OF dollars in pre-
miums.
This new manifestation of the EN-
ployer's oncern for the members Of
bis 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 EN-
pl0yer's willingness to go more than
half the necessary distance to meet his
employees OF 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
urance.
Policies Total Millions.
During q few weeks before Christ.
mas the Travellers Insurance Com
pany wrote group insurance policies
a~ggregating ~S6.0O0.000. Both the TRAY,
.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.-$5D and upward;
$50 risks; about 100000
Raybestos Company. Bridgeport.
Conn.-$500 and upward: about 300
employees. totaling 100000 Of insur
ance.
James S Fuller, Inc. Kingston. N
T., shirt manufacturers Insurance
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
450 risks
Buffalo Gasoline Motor Company.
Buffalo. y. Y.-l0S risks for $4,000
+ + Byers & Brothers. pump manu-
%facturers. Ashland o. According to
length or service; $50 risks for 1925.
900
Fauitless iiei,iui &. nisanx Ashland
O.-Accoriing to lrnatii of service: 44e
risks for $2ao.uHW
Sperrv Gyreseore COMPANY. Brook
Ign. y " Each mar insured for one
vear;s salary; 80 risks for 100000.
Kellogg Toasted Corn Flakes Com
pany. Battle ,'rcek Mich According
to service; iun risks for $4,000.
L Barth & Son. hotel fixtures. New
York City 100 risks for 100000.
Neptune Meier Company. wafer
meters. New York city according to
salary; 400 risks for 100000.
Michigan Lubri,ator Company. De
troit. Mich.275 risks for $15o,OO0
Adams & Westlake Company. Chi
cago IlL-According TO service: 400
risks for S250,000
Frank l.. Hall Company, Buffalo, N
Y.-According to service: 100 risks fol
$4,000.