The Birmingham age-herald., 1924-04-28
INSURANCE FUND
 AIDS UNEMPLOYED
Continued From Page OneJ


 now leads New York as manufacturing center, but together they have created another, a new million dollar insurance industry. a baby of which the Chicag go parents are proud.
 The statement made by the treasurer, B. Nj. Squires, on April 1. showed re- eeipts amounting to $94S.951. .36. an increase over March 1 of $S3, ,1O5.7S.
 Of this amount Hart Schaffner and Marx, with their workers, contributed over $200000; B. Kuppenheimer and Company, with their employees, over $100,000; the CIothiers' and Tailors' Fund. over $500, GOO; Independents, over $5O, 900. and Tailors and Contractors, over 9O,00O.
 After deducting administrative ex- penses approximating up-tO-date about $30 900. and adding the interest-the money is invested in government bonds exclusively, according to the agreement -the unemployment fund will easily show a balance on the right side of q million dollars.
 Under this agreement made by the clothing manufacturers of Chicago. May 1. 1923, and the Amalgamated Cloth iuS " Ol AhCEICd, lIC tulDlOA es of the various plants have been having F per cent taken out of their pay envelopes each week by theii employers, who have contributed q like amount.
 The British unemployment rate i, a flat one. the employers contribution, being much larger and the employees benefits much smaller. Also. the funt is controlled by the government, where as this Chicago unemployment insur ance fund. representing , per cent ot the current wealth of the local in dustry. is deposited with board ol civilian trustees. three of whom art clothing manufacturers and three cloth ing workers, the. chairman being Prof John R. Commons of Wisconsin uni versity.
 Leo Wolman is credited with i'm provising the mechanism of thef agree ment. and Bryce NJ. Stewart, who operates the employment exchange oi the union, which keeps accurate recort of all it's members idleDess, also di rects the details of the fund at BPS West Jackson Boulevard.
 Another difference between the Brit ish governmental and the Chicago in dustrial insurance lies in the fact that in former all contributions are pooled whereas the money contributed by eacl Chicago firm is kept in a separate fund for that organization, thus pre- venting shifting of responsibility fol unemployment.
 No Strikes Or LOckOuts
 This represents the first substan tial attempt in this country to dea effectively with the problem of un employment says Sidney Hillman president of the A. C. w. of A.. "Ant we consider this unemployment funC represents only q beginning in deal ing with this economic evil. Becaus, of the simplicity of it's terms and tn, large number of workers affected by it this experiment has been watched anC probably will be followed by other larg, industries.
 In this connection it is interestiu, to note that the cap makers in theii last agreement with the manufacturer incorporated a provision along the linei of the Amalgamated scheme. ..
 It is also possible, Mir. Hillman continued. that before long the plai adopted in Chicago will be extended to all of the 175.000 members of tn, Amalgamated Clothing Workers.
 MT. Hillman pointed sOut that un der the English plan an employer wh, stabilizes his plant has to continu swelling the government insurance fun, whether he has eliminated unemploy ment or not. whereas the American agreement provides that whenever ther shall have accumulated an amount equa to the total maximum of unemploy ment benefits which would be payabl during a period of two years to al of the then contributing employees O the manufacturer. further payments b, these employees and the manufacture are suspended until the funds are agail reduced to an amount less than tn total maximum benefits which would b payable during period of one year.
 The object of this is to prevent tn accumulation of unnecessary large re serves" he said, and also to affor, to the manufacturer who has little un employment a direct financial benefi because of the relatively stable em ployment conditions he offers his work CTS. Any way you look at this unem ployment insurance it is an incentiv for manufacturers to reguiarize thei production, and wherever possible t, eliminate avoidable unemployment caused by slack periods
 Money Not For Labor Warfare l Asked what part this large funt might play in any war that might oc cur between the manufacturers anC the workers. Mir. Hillman, after de claring that 1923 was a period of ex traordinary industrial cooperation il