The Alaska daily empire., 1920-06-18
GEO. W. PERKINS SUCCUMBS AFTER
 BRIEF ILLNESS
Heart Attack and Overwork Prove Fatal To Former
 Progressive Leader
"BIG BUSINESS MENTOR
Employees Bonuses, Benefits, Profit Sharing Plans His
 Suggestions

NEW YORK, June 18.-George w. Perkins, noted New York finan- cier and member or J. P. Morgan & Company for ten years, died at Stanford Conn, today, aged 58. Perkins death was unexpected, although he has been quite i'll for the past two weeks and recently suffered a serious heart attack. His physicians said he was a yic- tim of overwork.
 Perkins was reputed to have first suggested to and persuaded sbig business to adopt profit-sharing, employees insurance, service bonus es, sick benefits and old-age pen- sions.
 It was Perkins who was also said to have inaugurated the plan which permitted employees of the United States Steel Corporation and the International Harvester Company. ih boaN Of wti}dh he was at one time an executive, to purchase. stock on installments and at less than market value on the assumption that "industrial Justice is the most profitable of investments, that jus ;Ice promotes peace, peaceA promotes rosOerity and that the workmen's pros 1erity is necessary to the pros perity of the business man"
 Began Life As Clerk
 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 Buffalo. was lattr a pioneeri in the life insurance field The son en- tered the insurance business in Chi cago when 15 as a clerk became a bookkeeper, an agent and subse- quently manager of Cleveland of- flee. He went to Denver and in 1903 was made Vice President of the New York Life Insurance Com pany. His achievements attracted the attention of the elder Morgan and in 1900 he was invited to be- come a member of the Wall Street firm. In this capacity he negotiat- ed a number of big foreign loans He remained with J. P. Morgan X Company until 1910, meanwhile be- coming a director of numberous large corporations including the steel and harvester companies. number of railroads and the Inter- national Mercantile Marine Com pany.
 Progressive in Politics
 Retiring from business few years later as he said, to devote myself to other work of a public and semi-public nature" Mr. Per kins wrote and spoke frequently on the subject of industrial justice and when Colonel Roosevelt became Pro- gressive candidate for the Presi- dency in 1912 he became chairman of the National Executive Commit tee of that party. Previously he had been a Republican. The year before he had urged a revision of the Federal Corporation laws and intestifying before Congressional committee Investigating the United States Steel Corporation he adyo- cated the fullest publicity for all corporations. Despite the defeat of the Colonel, Mir. Perkins continued active in his advocacy of Progress sive principles.
 Severe Critic of Wilson
 MT. Perkins early in the world war interested himself in the mat ter of American preparedness He was a severe critic of President Will son. In a speech in Indianapolis in 1915 he declared the United States was unprepared for war" and urged immediate action. After the United States entered the strug- gle he endeayored to stimulate food production and by large purchases of provisions at distant poiY- sought to avert wartime shorty in New York City. He was active in Red Cross, Liberty