OCR Text |
Show Comprehensive Partnership. The recent visit of the Society of Mechanical Me-chanical Engineers to Ivorydale, to inspect in-spect a large soap factory there, has drawn attention to the profit sharing system on which the factory is conducted. conduct-ed. At the end of each six months the net receipts above the cost of operating the works are determined. From thorn is first taken a dividend of 6 per cent, on the capital invested; then a salary to each member of the firm who has given his time to the management of the business, busi-ness, then a certain percentage of profit on the capital invested. The remainder i3 divided among all in the employ of the firm in proportion to their wages. At the last dividend day the amount distributed dis-tributed was 15 per cent, on the. wages paid. To impress on the employes as much as possible the importance of the saving they are making, dividend day is made a gieat holiday, with games, picnics, pic-nics, etc-New York Commercial Advertiser. |