The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1919-12-31
Employees Of Ford Plant to Get Big
oest Bonus Ever Awarded to EN-
ployes of Any Organization,
Is Announcement.
MEN ALSO BE ALLOWED
TO BUY IN PROFIT PLAN
Lowest Award Is $50 to Sc a Day
Men; Highest to Skilled Workers;
10000 Employees to Share In
Big Distribution.
BY United Press.

BY United Press.
Detroit, Mich, Dec. S1-Henry
Ford and his son, Edsel Ford, an
nounced today the distribution of q
SS,000,OO0 bonus among the $4,000
employees of all branches of the Ford
interests and the Inauguration of an
investment plan whereby every work
er, from the man who wields broom
TO the chief executives, may partici-
pate in the profits of the business.
Bonuses, which will be paid in cash
today, come in addition to the profit
sharing plan which was inaugurated
several years ago, and which will
be continued. 1t is the intention of
the Ford organization to make the
distribution of these bonuses an an
rual event il the earnings Of the
company permit.
In cash and in the number of men
concerned, and without counting the
moral effect on industry as a whole,
this act Of economic justice surpasses
anything in the history of labor
The lowest award paid goes to
men who are receiving the minimum
pay of $G a day and vino have been
in the employ of the various compa
nies three months. 1t amounts tc
$50 The highest award goes to the
skilled workers who have been with
fhe company five years and who are
receiving $1OSO a day. The bonus re-
ceived by the later amounts to 1870.
Employees who receive salary will
also receive bonuses. Ability and
length of service will be the standard
on which the awards will be based.
In announcing the plan which per
mits employees to invest up to one.
third Of their pay i'm the organization
AMI share in the prosperity of the
company, the allied interests of Hen
ry Ford are carrying out the ideal of
Mr.. Ford that labor has IA right to
participation in the benefits of the
aprosperity which it helps to create,
and, in the words of Henry Ford
himself, should have a share as well
as a job"
When the complete ownership of
the Ford Motor company WIS acquir
ed by Henry Ford and his son last
summer steps were immediately TAX
en- to work out the details of the bo-
nus and investment plans announced
today. 1t always has been the Ford
policy to discourage big dividends to
non-producing stockholders, and t.
use profits in rewarding labor and in
expanding industry This policy, as
Henry Ford regards it, means not
only good pay and a share in the
Trofits for the workers, but the EN-
ployment of more and more people
as the business grows.
Under the investment plan certifi-
c'ltes will be issued in the names Of
employees in denominations of 500.
$500 and $1,000 Only persons in ac-
tual and active service OF the organi-
7ation will be permitted to buy or
hold certificates.
These certificates will bear guar
anteed interest at the rate of six
per cent per annum and in addition
to this further payments will be made
semi-annually if the earnings of the
company permit, at rate fixed by
the board of directors.
In case of death Or disability GER
tificates standing in the name of an
employe may continue. at the dis
cretion of the directors to draw in
terest and payments for the benefit
Of his dependents.
Deposits toward the purchase o.
certificates may be made within
three days after an enrplOye receives
his pay from the company; the
amount deposited. however, is not to
exceed one-third of such pay. De-
posts made toward the purchase. of
certificates will draw interest at the
rate of three per cent per annum,
compounded semi-annuallyy.
Certificates must be paid for out of
bonus Or pay and no employees vii!
be permitted to draw money from