The Sisseton weekly standard. (Sisseton, Roberts County, S.D.) 1892-1929, 1920-01-16
Ford Industries Announce New Year
Gift Of Eight Million Dollar Bonus

Detroit. Mich-Henry Ford and hi.
son, Edsel Ford, announced today tbs
distribution of an sS,00O,000 bonus
among the $4,000 employees of al
branches of the Ford interests and tbs
inauguration of an investment plar
whereby every worker, from the mar
who Yields broom to the chief exc
cutives, may participate in the profits
of the business.
Bonuses. which will h rad in cash
today, come IN add. :. u - .,--.--i ,
sharing plan which " Is inauguarated
several years ago and which will be
continued 1t is the intention of the
Ford organization to make the dis
tribut on OF these bonuses an annual
event If the earnings of the company
permit.
In cash and in the number of men
concerned, and without counting the
moral effects on industry as a whole,
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 in
the employ of the various companies
three months. 1t amounts to $50. The
highest award goes to the skilled
rl.<~ 1,a
company five years and who are re-
ceiying $1,000 day The bonus re-
ceived by the latter amounts to $40.
Employees who receive a 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 in the organiza-
tion and share in the prosperity OF
the company, the allied interests of
Henry Ford are carrying out the
ideal Of Mr.. Ford that labor his a
right TO participation n the benefits
OF the prosperity which ii helps 70
create and, in the words of Henry
Ford himself. should have share as
well as a job
When the complete ownership of
the Ford Motor Company was ac-
quired by Henry Ford and his son Lass
summer steps were Immediately tax
en- to work out the details of the
bonus and investment plans announc-
cd TO-DAY. II always has been the Ford
policy to discourage big dividends to
non producing stockholders, and to
use profits in rewardang labor and in
expanding industry This policy. as
Henry Ford regards ii means not only
good pay and share in the profits
Tor the workers, but the employment
of moro and more people as the bust
ness grows
Henry Ford holds. and has ra-
peatediy stated it as his belief. that
NO man should be permitted to own
stock In an Industry unless he plays
= productive part in the operation OF
that industry, and in the initiation
OF the investment plan is practical
application OF that belief.
Under the Investment plan certifi-
Gates will be issued in the names OF
employees in denominations OF 500,
$500 and $1,000. Only persons in:
actnal and active service Of the or
sanitation will be permitted to buy or
hold certificates.
These certificates will bear a guar
anteed interest at the rate Of six per
cent Per annum and in addition to
this further payments will be made
emisAnnually II the earnings Of the
company permit. at rate fixed by
the hoard Of directors.
"A case of death Of disability GER
tiicates SANDING Ia the name OF an
emp1oys nay continue, at the discre-
Non q " directors. to draw Interest