Salt Lake Telegram | 1938-12-07 | Page 4 | Retailer Raps Profit-Sharing

RETAILER RAPS PROFIT s SHARING WASHINGTON Dec 7 UP UP- UP H. H J J. J Tily THy head of a large Philadelphia Philadelphia Philadelphia Phila Phila- delphia department store today denounced the principle of profit sharing in any other form than adequate pay for I do not believe profit sharing possible he told the senate finance subcommittee If it were it would have been generally adopted by this time by industry and business as a whole Nothing appeals to the em em- so much as a e. fat pay en en- Tily THy attacked federal tax policies asserting that the cost of government government government govern govern- ment in this country today is hurting hurt hurt- ing is ing-is is killing killing business Earlier T T. M M. Beavers Washington Washing Washing- ton vice president of the Peoples People's Drug Stores said business should be given tax incentives for profit I sharing but expressed doubt that thata a formula suitable to all companies could be devised Norman W. W Wilson general manager manager manager man man- ager of Paper company company com com- pany Erie Pa said his did not receive a full going wage but with their wages and bonuses they are better paid considerably than others in the industry who do donot donot donot not have this system He indorsed the sharing profit-sharing system as a means of avoiding labor strife