The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-12-31
GIVES BONUS
IN ADDITION TO
SHARE
Elaboration Of Big Plants
Plans Will Allow Workers
TO Secure Six Per Cent
Stock With WAGES.

DETROIT. Dec. Sl-An elaboration
Of its profit-sharing plan, whereby all
employees win be enabled to purchase
certificates of investment in the com
pany guaranteed to return six per
cent a year. and a distribution Of bo-
muses. that will total between $4,000, 0GO
and $40, zoe, 600. was announced today by
the Ford Motor company.
Approximately 30, 900 employees Of the
Ford Motor company, and other inter
ests Of Henry Ford and his son. Edscl,
IL Is announced, will be eligible to par
ticipate. In a statement accompany
ing details Of the new policy. II is an
nounced that the two steps outlined
constitute "oHly a beginning and that
other plans for charging the income
and increasing the purchasing power of
the dollar of our employees are under
consideration"
The amount Of the bonuses. which
will be in addition TO the distribution
of profits under the original profit
sharing plan, will be based on an en-
ploye's daily wage and length Of sery-
ice. They will range from $50 in the
case of a worker in the Companys
service three months and receiving the
minimum wage of So a day, to $270 In
the case OF the worker with five years
Of service, and receiving a wage of
sos a day. Salaried employees reCeiv-
ing more than $3.50 a month will par
| ticipate proportioTately on the basis Of
| the length and value Of service.
Nonassignable.
The certificates of investment will be
issued in denominations of 500. $500
and 81 900, and are to be non-negotiable
and nonassignable. They will be re-
stricted to employees in the actual and
| active service of the company. The in
vestment certificates are to be pur-
chased only with wages received from
the company, or with the bonuses re-
| Ceived, not more than one-third OF the
| employees wages being thus invested.
While the certificates are not nego-
table and not a~ssignable, 1t Is provided
| they may be left standing In the name
| of a deceased emplOye, at the discre-
| ton. of the directors, to draw interest
and payments for the benefit of his
dependents.
in announcing the new policy the
Ford Motor company states:
at Is believed that simple economic
justice demands that a greater portion
Of the earnings should go in part to
the employees and in part toward en-
larging the industry, This policy car
ried out will mean that more men will
be given opportunity to work with the
company and to participate in it's beno-
fits and that those employees who re-
main with the company will share In
creasingly in its earnings.
"'The idea underlying the plan is that
justice is greater than charity; that in
stead of spending money on mem and
for men in so-called philanthropic ways,
ic is better to give them opportunity
to work ut a wage that enables then
TO live like men, without charity, and
by their W efforts to provide for theii
families and their future, There Is
no charity in it,"
Thrift" the statement says in con
clusion, has been Il condition of profit
sharing in the past and will continue
to be made a condition Of profit ant
bonus sharing in the future"