The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-06-30
FAITHFUL NEGRO
IS A LUCKY MAN
Has Spent Many Years in
Tulsa Bank and Is
to Be Rewarded.
100000 DIV IDENDS
Savings Accounts Will Reap
Large Share as Well as
Employees.

Tucker Gilbert is an old fashioned
"befo do wah' darkie.
And today he is perhaps the
luckiest man in Tulsa.
He ia getting along In years
happy years. he calls 'em--and his
kind patient countcnance ana cour-
teous manners, have made him ia
miiiar figure TO thousands OF Tul-
sans.
His falthfulness and devotion TO
duty is to be rewarded in a hand
some way. In fact, some OF his SUI
periors may we'll be envious.
For tomorrow--July HE will re-
ceive a check for upwards OF 5000.
This will be not only a token OF es-
TEEN from his employers, but will
he given in the nature OF a dividend
on his labors.
Gilbert is only an humble bank
porter. But as an evidence of the
axiom: '1t pays 10 stick" he will
receive the largest dividend check
OF any employee Of the Exchange
National bank, He has been with
the bank 10 years and five months
practically ever since the bank
was organized.
Dividends 10 be distributed IN Tul-
sa July I by the Exchange National
will total more than 100000, ac-
cording to announcement yesterday
by Newt" Graham, special repre-
sentative.
mot all of this will go to stock
holders" the statement reads. more
than $4,000 will be paid as interest
on savings accounts. and as dividends
among the employees.
more than $4,000 will be paid
on savings accounts. In 1911 the
Exchange distributed about $1,000
every six months interest on savings.
This mad grown to $4,000 in 1913,
while It has now reached total Of
s26, 600 semi-annually, or more than
$4,000 annually"
II has been the constant ehdeavor
OF the officers OF the bank to make
employment more attractive, and TO
encourage efficient workers 10 con-
slider service with the bank as a life
occupation, the statement says.
The bonus plan. amounting to
about 10 per cent of the employees
salary, has been discarded in favor
OF the progressive dividend plan. The
latter plan is considered more fa-
pioyees. 1t is based on the net earn
ings Of the bank, thereby making 1t
more profitable for all employees to
help cut down expenses and promote
efficiency, resulting in increased pro-
fits
Employees are rewarded in pro-
portion to the length of service with
the bank. Forty per cent of the
dividend Is based on the time n
worker has been with the bank.
while 60 per cent is paid on a
straight dividend basis, according TO
earnings.
Under this plan the highest sala-
ried employee does not necessarily
receive the largest dividend check,
as compared with the 10 per cent
bonus plan" according to Mr.. Gra'
ham. "As a matter of fact Tucker
Gilbert. chief porter, is the Oldest
employee of the bank. having been
employed 10 years and five months.
His dividend check will amount TO
about $500, which will exceed most
Of the higher salaried workers. few
Of whom have been with the bank
nearly so long"
The progressive dividend is not
the least OF a series OF plans con
templated by the bank for the bet
terment of employees, and conse-
lquently higher efficiency for the
bank. Life insurance for each em-
ployees family Is carried by the
bank, and the amount is Increased
$500 each succeeding year OF ser
vice.
The bank also maintains a school
in which employees in minor posi-
tions are taught the higher branches
OF banking. with a view of helping
them to advance TO positions Of in
creased responsibility.
Although no official announce
ment has been made, It is understood
officials of the bank arc working
on a plan OF old age pensions.