The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1918-05-30

returns the profits to the employees in
proportion to the purchase of each
Recently a dividend of Is per cent
was declared. No employe who has
traded for less than three months is
ehtitled to dividend, and dividends
lare made returnable once year. This
encourages trade at the COMPANY
store, thereby reducing the percentage
Iof overhead expense and increasing
the rate of turnover of the stock. The
Iemploye always has a bonus coming
to him, which he loses by quitting.
Thus the company store acts similar
~ to bonus for tenure of service.
Pensions and Insurance Adopted by
Copper Queen.
Among the common complaints of
workmen we hear: "They pay us
s5.25 day, whether we are q years
old or Al whether We have been work
ing for them Is minutes or 20 years,
and just as soon as we get too old
we are laid on the shelf, with no
means of making a living, and younger
men are put in our places" This
feeling has led the Copper Queen
branch of the Phelps Dodge corpora
ton to put in a system of old age
accident insurance. This is furnishing
something to which the man can look
forward; it gives him a feeling of Sc
curity to know that he will be taken
care of after he has served his period
of usefulness. The benefits of the
Copper Queen system apply only to
employees who have been Is years or
longer in the service of the company,
and they are divided into the follow
ing classes:
(a) All employees who, in the opin-
ion of the company. have become
physically or mentally disqualified
and who may be retired at the option
Of the company
90 All employees who shall have
attained the age of 20 years and who
must be retired from active service.
Maximum Pension $1,000 a Year.
The benefits of this system do not
apply to any employee who, in accord
ance with any state workmens COM
pensation or insurance act, is receiv-
ing such compensation or insurance
for injuries received while in the en-
ploy of the company The amount of
the annual pension to be allowed any
retiring employe who has served Is
years or more is2 per cent of his av-
erage annual salary or wages for the
three years of active service immed-
lately preceding his retirement, null
tipled by the number of his years of
service. The maximum annual amount
paid to the pensioner is not in any
case to exceed GO per cent of his an
nual salary or wages, nor is any one
pension over $1,000. This is another
matter which makes for an interest
outside of that in the position itself
distinct, definite loss in case of
quitting.
The Shattuck- Arizona Copper COM
pany, of the same district, also has
method of compensating wage earners
for service and for the protection OF
service men, For the term of service
of six months to one year there is an
insurance of $500, with a payment of
$50 per month for loss of time by ac-
cident and no payment for loss OF
time by sickness. From one year up,
the principal of the policy is $1,000,
with a payment Of $50 per month for
loss of time by accident and $50 per
month for loss of time by sickness.
All men who have worked for the
company for more than six months
are considered as service men and are
not subject to immediate discharge,
except for refusal or failure to do their
work, or upon the third breach of
rules, or the third minor offense in
90 days. Any service man who be-
lieyes that he has been unfairly dis
charged has the right to present his
written complaint to the general man.
ager, who decides, whether or not he
shall be reinstated The principal of
the policy for which all the service
men are insured increases at the rate
of per cent per month for five years.
Probably the best plan in develop
ing community interest is through
real building and loan association. one
not for making money, but for the sole
purpose of encouraging men to own
their own homes by loaning the money
to them at low rate of interest. 1t
was particularly noticeable in the re-
cent Arizona labor troubles that the
home owners figured largely among
the men who continued in employ
ment. There is no source or COM
munity interest more effective than
home owning, and it is worth the eX-
pendture necessary to develop it.
In the case of a community where
there are several large mines, the OPP
rators could we'll afford to engage
man whose sole duty would be to en-
courage and develop this interest. In
the changed industrial and economic
conditions of today, the great concen-
tration Of capital and the massing of
thousands of the employed nave
brought about new problems. In the
old times master and man lived to-
gatbar. there was a daily point of