The Nevada County picayune., 1920-01-01
FORD INDI STRIES ANNOUNCE NEW YEAR GIFT OF EIGHT
 MILLION DOLLAR BONU ;

Detroit, Mich. Dec. 31.-Henry Ford and his son, EdSel Ford announced to- day the distribution of Il $S.0O0.000 bonus among the S0,00O employees of all branches of the Ford interests and the inauguration of an investment plan whereby every worker, from the man who yields broom to the chief execu- tives may participate 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. It is the intention of the Ford organization to make the distri- if the earnings of the company permit.
 In cash and in the number of men concerned. and without counting the moral effect on industry as 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 SC day and who have been i'll the em- ploy of the various companies three months It amounts to 800 The high cE award goes to the skilled workers who have been with the company five years and who are receiving S1oSo q day. The bonus received by the latter amounts to S270
 EmployeS who receive Il salary will also receive bonuses. Ability and lcng h of service VII be standard on which thc awards will be based
 In announcing the plan which per mits employees to invest mp to one-third of their pay ill the organization and share in the prosperity of the com pany. the allied interests of Henry Ford are carrying out the ideal of MT Ford that labor has right to partici- patton in the benefits of the prosperity which il helps to create and, in the words of Henry Ford himself, should have share as well as job.
 When the complete ownership of the Ford Motor Company was acquired by Henry Ford and his son last summer steps were immediately taken to work out the dctails of the bonus and invest mcnt plans announced today. II al- ways has been the Ford policy to dis courage big dividends to non-producing stockholders. and to use profits ill re Warding labor and in expanding indus try. This policy. aS Henry Ford re gards il means not only good pay and a share in the profits for the workers, but the employment of more and more people as the business grows.
 Henry Ford holds, and has repeated ly stated it as his belief Una no man should be permitted to own stock in an industry unless he plays a productive part in the operation of that industry, and the initiation of the investment plan k a practical application of that belief
 Under the investment plan certifi CateS will be issued in the names of employees in denominations of SlO0, 5000 and $1,00o Only persons i'll ae- tual service of the organization 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 he made semi. annually if the earnings of the com pany permit. ut 0 rate fixed by the board of directors.
 In case of death or disability certif- cates standing in the name of an em- ploye may Contisue. at the discretion of the directors, to draw interest and payments for the benefit of his depend, ents
 Deposits toward the purchase of ccr- titicateS may be made within three days after an employe receives his pay from the company the amount depoSlted. however, is not to exceed one-third of such pay. Deposits made toward the purchase of certificates will draw inter est at the rate of three per cent per