The Washington herald., 1918-03-08
WAGEEARNERS
SHAREPROFITS
Holland Says Steel Trust
Employees Stimulated by
Stock Holding Plan.

OtOCk IlOlQlIlS IdIl'
In the month Of January 5000 wage
earners in the United States Steel
Corporation subscribed for the COM
hnon stock Of the corporation jan
uary was the worst month Of the
! year for these wage earners. Trans
portation dificultiss, the weather ana
other troubles made II necessary that
large number of the workmen be
released from employment during
that month. The wonder was whether
the Inevitable loss OF wages might
not AFFECT the subscriptions to the
stock But instead OF doing so 1t
seems to have spurred the wage earn
ers even to unusual effort to become
part owners in the corporation.
The total amount Of stock subscrib-
II ed for by these wage earners was
$4,000 shares This was approximate
ly two and one-half shares for each
workman. Ine aggregate amount in
money represented by these subscrip-
n tons is S9,OOo,ooo.
wOrkmen Stockholders.
The Steel Corporation has now much
Pthe largest number of employees who
are also part owners OF a corpora
ton Of any Industrial organization
in the world. The total number OF
stockholders increases year by year.
The amount subscribed now Is rapid
ly approaching SiO.OOO,0OO annually.
The effect OF this association of
the wage earners as part owners of
the corporation which employs them
k1aa III H. An
OF by the executive OF the corpora
ftion 10 whom the information re-
speeting these figures was given. He
said that emulation of a most honor
Fable and satisfactory kind was TAX
the place OF conditions which
Formerly prevailed among the work
|hngmen employed by the corporation.
No longer does a workman seek to
do as little as possible, but Is
spurrsd to do his best. Each group
II endeaYors to produce as large an
|'amount as possible. now realizing
that the larger the production, II
there also be maintenance OF low
cost OF production, the greater the
amount OF earnings and therefore
! the larger the opportunity Of the
workingmen to secure each year
owneTShlp OF part of the stock.
!
woFkingmen Of these several groups
to try not to be outdOne by any of
the other groups, but to equal in
fprOduction the best output OF any
one OF them.
Spirit Of CO-OPerntion.
This Is the spirit OF cooperation.
the executive Of the Steel Corpora
Efion explained. and it is now charsc-
tertstic of all of those who are en-
Dloyed by the organization from the
Heading executive down to the work.
psn who received the smallest
Sages- All are pulling together in
fOTdcr to secure the best results.
There Is no antagonism to capital
Rt least none to the capital which
Represents the United states Steel
'orporation's organization.
The International Harvester Com
Dany is. proportionately to its siz-,
tccomplishing equally good results
mong the waSe-eaTners which are
smployed by it. They have become
ZACH year more and more interested
q the corporation partly because theS
he sable to secure small blocks. or
stOok which in a course OF a few
Feafs will be considerable blocks ana
1artiy because they realize that If the
9orporation is prosperous, so also will
he wage-earners gain opportunity To
Increase their savings to obtain
hare in the ownership. while at the
anne time a high rate of wages Ia
paid to them.
Next Red Cross Drive.
Henry P. Dawson, chairman of the
Satfpnal Red Cross organization. was
n New York a day or two ago ana
Dne OF the first questions his friends
sked him was whether the report
vas true that the organization VIII
ttempt to raise another hundred
million dollars for Red Cross WORK
ONE time in the spring.
Mr.. Dawson said taht a Red Cross
jrive for a hundred million will be
made very likely soon after the third
liberty Loan subscription has been
completed There would be need for
s much money in 1913 as was the
as4in 1917.
iOf the hundred millions raised un-
er sMr. Davidson's leadership last
pring. nearly all has been appro-
rated for Red Cross work in the
Egnited States and in countries across
khe sea. The result Of Red Cross
work, especially in Europe. has been
|lOsE
There remain about ten millions OF
he hundred millions raised last June
10 be approprited for Red Cross WORK
and appropriation for this balance
will be speedily made.
Mr.. Dawson has no doubt that the
hundred millions which in the name
bf the organization he will ask for
will be as easily and speedily Sc
Eured as were the hundred million
yhieh were obtained in four weeks
Iime last spring. He receives con-
tantly evidences that the Ameri-
an people regard with enthusiasm
his Red Cross work and will glad
v contribute to the extent OF their
means TO the continuation Of II.
stm Vigorous
Mr.. Davison's friends in New
York were gratified to observe that
ne ! hard and responsible work
Which he has done in the past ten
nouths and the handling wisely of
he hundred million dollar fund
i've seemed not TO impair his en-
gy or have in any way affected
IFS health.
one reason for his ability to keep
fimself In good physical as well as
Dental condition is to be found In
he fact that he does not permit
hything to worry him He does
he best he can He takes care not
b neglect his sleep. never failing
b secure a good nights rest. He
Hoes not do as so many others who
iave gone to Washington to assist