The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-03-08
TTaIk to M. altman About the BriScoe Before You Buy YOur "a
SUCCESS
FOR WILLYS PLAN
Employees in Big Auto Factory
viii Share in Profits of
Coming Year.

The announcement recently by John
n, WHY'S, president Of the whatsoever
land company. Of the Inauguration Of a
Proill-sharing plan, whereby half Of the
profits Of his enterprises, over and
ABOVE a talT compensation on III cap
itdl invested n labor employed, viii
De distributed to the shareholders and
employees on a $3.50 basis, is considered
one OF the notable events Of the wear
y the automobile industry.
The operation Of this plan is retro
actINe 10 Jan. l, 1919" declared Thomas
Smart, president Of the Memphis over
Iand company, in speaking OF Mr.. Will
lys action, and II will undoubtedly
create a new era ii the motor indus
try as Its success is already assured. "
Even in these days. when stupen-
dous undertakings and wonderful ac-
complishments fail TO arouse US to fun
L~eaHzaLon' NlI, WHY'S program stamps
user as a tremendously big thing, done
IN a eharacteristieally big way con-
tinued Mr.. Smart.
Solving the problem of finding the
right way TO give labor a just and in
creaslng share in the fruits OF indus
try has Of late been occupying the
minds Of business men Of vision. There
have been many tentative experimental
efforts and ideas launched, but Mr..
WHY'S action shows a clear under
standing and solution Of current con-
approximately 800 acres Of land in
the immediate vicinity Of the WHY'S
overland plant AVG been acquired by
Mr., WHY'S for the purpose of enlarging
the present factory facilities and to
build other factories.
Mr.. WHY'S profit sharing plan. which
was, given personally by him at a
follows!
IT always furnishes me a great deal
OF pleasureSto have the opportunity to
companies, who have been so large a
factor In helping me to bring about the
degree Of success which we have at
tanned and on this particular occasion.
u Il were possible, | would like to have
before me every employe Of all the diff
terent plants in which / am personally
interested.
"The message am bringing to you
men today | believe of such Importance
to you and to me and to all in the in
dustrial world that l can not afford to
be misunderstood or misquoted, there
iore, am offering no apology for read |
ing to you today just what has been in
my heart for a long time, and a subject
to which have given very earnest
consideration.
First, l want it distinctly understood
sympathy with any phase OF Bolshevism
or anarchy of any type, whether 1t be
under the name OF B~olshevlsm, an
archv, socialism, Nv. W. or any other.
Every man ought to be, and ] be-
lieve is, proud Of the degree of success
that comes to him through honest ef-
fort, and as / look back over the years
OF trouble and RESPONSIBILITIES which
have made the WHY'S Overland com
pantes possible, as YOU know them to-
day, believe | get more satisfaction
out Of tho fact that / have never al
IOwAH nNdAiT fnn AnA nNnV1hnN tn fnrUnt |
both the thousands who have loyalty
worked with me, each in his place, and
also the thousands who showed their
confidence In our organization by in
vesting their savings in our properties,
both having an equally important part
in bringing about the results we are
all so proud OF.
We have heard a great deal Of late
concerning R world democraey+-maktnC
the whole world a fit place TO live IN,
In this, Of course, we all believe, but I
believe this must be much more thanJ
q political democracy-.that we have
reached the place where there must be
worked out a different plan than the
one now existing between capital and
labor. and a more equitable distribution
Of the profit OF their combined efforts
I believe I appreciate the feeling OF
labor, that they want nothing given
them as 4 sap or as n matter Of expo
aiency. but that labor wants simply It's
Just share in what H. has helped to
create; therefore
My plan IN the briefest form Is as
follows:
THAT after permanent capital and
permanent labor have each been justly
compensated, having due regard to the
cost OF each (the cost OF capital and the
cost OF living), then the additional
profits acCruing from the joint employ
ment Of permanent %caoital and perrna-
nent labor shall be divided equally be-
tween th~m-5O-50. This plan the Will
lys-Overland company Is going to nut
into operation at the earliest possible
moment, profit sharing beginning Jan
and each year thereafter II the plan
proves satisfactory to both capital and
labor-and,
II am determined to do my best to
work out for II companies the plan
which win recognize this right.
The detail plan. when ready to pre-
sent, viii recognize and reward individ-
ual efficiency, departmental efficiency
and increasing reward for continuous
service, and these plans will have no
influence on periodical adjustment OF
wages. iii
pIete all details of the above. plan,
which will be printed and furnished to
all Interested, In pamphlet form.
Through our welfare department we
are making a scientific study OF our
working conditions, with the end IN
view Of doing everything we can to
make such working conditions h best
possible"
Mr.. Smart announced the organiSa-
ton of an Overland agency in jackson,
Tenn. to handle the products of the
Memphis Overland company, The or
ranization Is comprised of leading busi-
ness men Of Jackson and a charter has
been applied for.