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Show Insurance And Profit-Sharing MANY great railroad and other great corporations cor-porations in the United States have established estab-lished accident and age pensions for their employees; some have adopted a system of profit-sharing profit-sharing with their employees. , Thus, among the oldest profit sharing corporations corpor-ations in the United States is the Bourne Cotton Mills of Fall River, Mass. Annually for twenty-two twenty-two years, it has distributed to its workers dividends equal to 3 per cent of their wages. The United States steel corporation last year distributed to its employees $1,450,000, and announced an-nounced a new allotment to employees of 25,000 shares of stock below the market price. Forty-eight per cent of all the stockholders of the Du Pont Powder Company are employees, and the company for years has given its employees em-ployees stock as bonuses for exceptional ability. Many banks and trust companies are sharing their profits with their employees. The Windsor Trust Company of New York distributes dis-tributes annually from 5 to 12 per cent, of the annual profits among its employees, according to their salaries. The bill which David Lloyd has had for several sev-eral months before Parliament and which he expects soon to seen chrystallze into a law, will operate this way: The workman contributes 8 cents per week, the employer G cents, and the state 4 cents. The fund this contributed secures free medical attention for the workman and allows al-lows him as high as $2.50 per week when off work. There are other protective features about the bill. A similar rule prevails in Germany. The final result will be that strikes will grow fewer and fewer and naturally the more advantages that are extended to workingmen the more care will be manifested and the more efficiency realized. |