The Bridgeport times and evening farmer., 1920-06-18
Noted Ffnancicf N c. W. Perkins Dies
 Nh Stamford Today
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 George Waibridge Perkins, for ten years a member of the firm of J. F. Morgan 6, Co.,, was reputed to have first suggested to and persuaded s'big business" to adopt profit-shar- ing, insurance, service bonuses, sick benefits and old age pensions.
 It was Perkins who was also said to have inaugurated the plan which permitted employees of the United States Steel Corporation and the In- ternational Harvester Company, in both of which he was at one time an executive, to purchase stock on in- stalments and at less than market value on the assumption that indus trial justice is the most profitable of investments, that justice promotes peace, peace promotes prosperity and that the workmens prosperity is ne- cessary to the proserity of the busi- ness man."
 MT. Perkins was born in Chicago, January 31, 1862, descendant of Jacob Perkins, an English ancestor who settled in Boston in 1881. His father, George w. Perkins, long en- gagged in the shipping industry at Buff fa1o, was later a pioneer in the life insurance field. The son entered the insurance business in Chicago when IS as a clerk, became a bookkeeper, agent and subsequently manager of a Cleveland office. He went to Denver and in 1892 was made Vice President of the New York Life In- surance Company. His achievements attracted the attention of the elder Morgan and in 1900 he was invited to become a member of the Wall street firm. In this capacity he negotiated a number of big foreign loans. He remained with J. P. Morgan & Go. until 1910, meanwhile becoming a di- rector of numerous large corporations including the steel and harvester companies, number of railroads and the International Mercantile Marine Company.
 Retiring from business a few years later as he said, "to devote myself to other work of public and semi-pub- lie nature," MT. Perkins wrote and spoke frequently on the subject of industrial justice and when Colonel Roosevelt became Progressive candi- date for the presidency in 1912 he became chairman of the National Executive Committee of the party. Previously he had been a Eepubli- can. The year before he had urged revision of the Federal corporation laws and in testifying before a Con- gressional committed Investigating the United States Steel Corporation he advocated the fullest publicity for all corporations. Despite the defeat of the Colonel, Mr. Perkins continued active in his advocacy of Progressive principles.
 MT. Perkins early in the World War interested himself in the matter of American preparedness. He was a severe critic of President Wilson. In a speech in Indianapolis in 1915 he declared the United States was un- prepared for war; and urged imme- diate action. After the United States entered the struggle he endeavored to stimulate food production and by \ large purchases of provisions at dis. tant points sought to avert a war time shortage in New York city. He was also active in Red Cross. Liberty Loan and other patriotic drives After the war MT. Perkins went to France to investigate charges of waste and inefficiency against the Young Mems Christian Association workers abroad He reported that while some mistakes had been made there was little ground for honest criticism"
 A close friend of the late Mayor John Purroy Mitchell, MT. Perkins al one time was prominently mentioned for the mayoralty of New York. He was once quoted as having said that New York City could save $25,000,. 900 a year by "a proper cut in its budget" He was trustee of Vassal College and Berry School, Rome, Ga. and a member of numerous civic scientific. sociological and philanthro pic organizations. In 1911 MT. Perkins received the honorary degree O L.LD. from the University of Wooste and the University of Vermont.
 MT. Perkins married in 1889, Mis- Evalina Ball, a daughter of Flamal Ball. of Cleveland, Ohio, to whom tw, children were born, Dorothy an, George w. Perkins. Jr.. the latter O whom was lieutenant in the Ameri can EXpeditionary Force.