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Show a i'koht-sharinu i lan. The S5 heme to be Introduced by au Illtuol Steel Company. Chicago, April 30. The Illinois steel company at Jolict has submitted to its employes a proposition for profit-sharing. profit-sharing. Vice-President Sterling laid the matter before tho men at a special meeting called at tho athemvum a night or two ago. The assembly room waa well rilled and all the officers aud superintendents occupied oc-cupied seats on tho rostrum. Mr. Sterling Ster-ling said that after considering the many plans of prolit-sharing they bad concluded to improve on othersystcms, w hich so far were uot unqualified successes, suc-cesses, by paying a-,(uarlerly premium for faithful, competent, zealous and continuous service. Employees would on application,. receive 1 per cent for thc hist year, H per cent for the first year and a half, and so on up, t per cent increase for every six months till it reached five years and 3 per cent, when it would remain permanent. perma-nent. This per cent is on tho amount of wages received, the object being to get better work, more of it, and less waste by trained employes in continuous continu-ous service. Mr. Sterling said the ben-elits ben-elits of such a system were mutual. Tho cry in Scotland was "staml shoulder shoul-der to shoulder," aud if capital and labor stood shoulder to shoulder the world would soon see wonderful things. Superintendent Pettigrew made some encouraging remarks and the men showed thcirapprovaloby loud and frequent applause. |