The Bismarck Tribune Newspaper, September 22, 1919, Page 3

OF COURSE; APPEARANCES. YOU VALUE, THEN ‘DO HAT. LESS NOT GIVE~ A PERFECT THAN THE LANPHER THE PROMINENCE. OF A PLACE: ON YOUR HEAD. WOMEN’S HANDICAP GOLF TOURNAMENT IS SUCCESS The ladies handicap golf tournament at the Country club is resulting in a very close contest for the honors, Up to the present time, Miss Dorothy Treacey defeated Mrs, Cole; Mrs. W. A, Hughes, defeated M MeNonall, Mrs, Sam. H. Clark defeated Mrs, W i. Laur; Miss Strieb was defeated by Wood. Mrs. Hughes is playing an excep- tional game in this tournament, and has made several of the ‘holes in par, in the The othey players are displaying rare skill this year and it is expected _th when the finals are reached which wil go 18 holes, some of the scores will rival that of the men players. OFF TO UNIVERSITY Miss Inez Miners of Garrison and Miss Fanny Stalye of Garrison eft Bisma Sunday morning for the i y of Indians which they will jattend this year, Miss Miners is a niece of Mrs, E. H. L. Vesperman and is: well known in this city, Tribune Want Ads, bring -results. N Joy Room Basement or Attic RANSFORM that idle basemént or attic into a recre- , ation room or den. Make it a room where the fam- ily can spend happy hours; or a place where you can bring, John, Fred and the other fellows for an evenin}, of pleasure, The first step is to get the required num- ber df panels of Comment food: Board Excéls for Wails, Ceilings and Partitions Repairs Alterations or New Work It is so easily-put up that youcan quickly do it yourself, if you choos; Full directions inevery bundle. Noilsright, over tho old walls or direct to thé framework, and takes perfectly either paint or calcimine. Will not warp, crack, chip or buckle and is a non: Cornell-Wood-Board is d -conductor of heat and cold. aily proving its superiority asa coverin3, for the walls, ceslings and partitions of Homes, 6 Garages, Stores, Churches, ete. It comes in panels 3-16” thick, standard lengths. We will Zladly show you s. hools, Farm Houses, Hotels, 32” and 48” wide and amples, also explain how your needs can be met by the Cornell Free Service Department FH. CARPENTER LUMBER Co. PHONE 115. BISMARCK, N. D. wecqerececsccncsscrecttenessereereesne eee sneeee nessa ete nreer ences, Put’ the Plans of the Home of Your Dreams .- on Paper Go to.an architect. Let him: prepare the plans of the home that. you contemplate owing. In- stead of it being a dream of the future, make it a present day reality. After the plans ‘are ready you will find a number of reliable con- tractors in this city who , despite thd high prices \ will contract to build the new home for you quickly and at a price not high when considered with the cost.of éveryth side the building line. Every day you. ing both inside and out- wait in starting work on your new home makes the time that much longer before you will know the joys own. of a home of your C.A. Finch Lanber Compa 613 Main Street. Phone 17 Bismarck, N. D. d because*at~bottom the plans: weré not Profit Sharing a OR The Worker’s Fair Share By GEORGE W. PERKINS, New York.—(Special)—Speaking at the annual meeting of the National Civic Federation on “Profit Sharing, or the Worker's Fair Share,” George W. Perkins said, in part: “The Worker's Fair Share” has been a veal problem ever since the world began. It las chahged greatly as civ- ilization has progressed, and has crowded harder and harder for’ solu- tlon as intelligence and education have spread and ‘broadened. The worker's fair share was an un- solved problem when the expression that designated the relationship be- tween the man of capital and the man .of labor was “owner and slave.” It still existed when the expression of relationship became “master and man.” It still exists in these days, when the expression of relationship is “em- ployer and employee.” These very changes in the expressions used to designate the relationship between. capital and labor show that’ steady +i progress has been made toward solv- ing the problem of the worker's fair share. I take it that everyone believes that we cannot go back to the old condi- tions; that we must move forward to an even better relationship than that expressed by the term “employer and employee.” You ask: “What is this newer relationship to be and what term will express it?” I answer that I be- lieve it must be “partners.” If I am right, then the next question is how can this relationship: be worked out so a8 to bring the best results to all concerned? Twenty-five years ago I became con- vinced that only through profit sharing that was real, honest and open could we hope to find anything like a satis- factory and permanent method of ar- riving at the worker's fair share. Profit Sharing Not Philanthropy. IT do not look upon profit sharing as philanthropy or a form of benevo- lence. I do not put it in the same class with gifts at Christmas-time or bonuses at the end of the year. I do not ap- prove or believe in any plan that even savors of giving a man something for nothing. The profit sharing I believe in is the kind that is real; the kind that pro- motes thorough and efficient co-opera- tion between employer and employee; the kind that makes partners of employees; the sort of profit sharing that is practiced between partners in a business. Anything short of this is hound to result in failure and will widen rather than narrow the breach between employer and employee. Close observation, coupled with con- siderable experience, has convinced me that practically all the many fail- ures in profit sharing, both in this country and in Europe, have occurred hohestly devised nor equitably worked out. In the past the man who was not ed- ucated or trained to think independ- ently struck because he wanted §2 a day if he was only getting $1.75, and for qiite a period labor differences were settled on this basis. I believe that we are rapidly passing out of that period, for our laboring people are so well educated and so able to think in- dependently that, in many cases, th are no longer striking for a definite in- crease in wages, but for what they re- gard as a fairer proportion of the profits of the business in which they are engaged, Tf 1am right about this, then we are rapidly leaving behind the period when labor disputes could be settled by a mere increase in wages and are enter- ing the period when profit sharing in some form must be practiced. Outline of a Correct Profit-Sharlng Plan. A-good many years of actual exper!- encé have made me very optimistic r garding profit-sharing plans worked out along the following lines: First—Every business has, first of all, to earn operating expenses, de- preciation and fair returns ow honest capitalization, _ Second—I believe that every busi- ness shou'd consider that the compen- sation paid employees is for the pur- pose of earning a sum of money ‘sufi- cient to pay the above-mentioned items, : Third—I believe that any profits over and above such sum should, on some percentage basis, be divided be- tween the capital used in the business and the employees engaged in the bus!- ness. i Fourth—I believe that in neither case should these profits be immedi- ately withdrawn from the busin that they should be left in the business for a reasonable length of time to pro- tect and increase its financial strength and safety; that in the case of capital its share of these profits should be carried to surplus; that in the ¢ ‘of employees their share of these p its ‘should be distributed to them Jn some form of security representing an interest in the business, and that each employee should be’ required to’ hold such: security for a reasonable length of time, say three to.five years. Fifth—I believe that the erployces’ sharé of these profits should be allotted to.them nearly as possible ‘on the, basis . of ‘the compensation ‘they re- ceive. Up to date this has proved to be 'the best method. Results Attained by a Proper Plan. Now, let us see what such’ a’ plan means:"In the first’ place, it. means that under such an. arrangement eacn employee becomes’a working partner in the’ business, He ig on the same footing as the financial parthérs, for \f the cohcern is a partnership with, say, four ive members, the partners themselves are drawing out each year whht, in a Way, might be called sali- ries, viz., approximately the aniount of money necessary to meet their gen- eral liibg expenses, ing thei? sur- TWO BIG DAYS 10 Woriderful 66 Acts America’s Most - Wm. FARNUM Virile Actor, in Miserables’ COMMENCING TONIGHT 9 10 Wonderful Acts Victor Hugo’s thrilling and famous novel visualized on the silent stage. ‘A super special playing to packed houses from coast to coast at highest admission pricés. The best two hours you ever spent. ALL SEATS ONLY 25¢ plus proms Ii 1hé DuSiness, Any part nership or any profit-sharing plan that divided up the profits and withdrew them.in cash at the end of every year could not last very long. Why Some Profit-Sharing Plans Fail Many profit-sharing plans have divi: ed profits with employees on a cash 1 nd turned the money over to the employees every So often, usually once ayear, The result has been that if a nan caring $1,000 & year received ) at the end of the year from a profit ring plan, he promptly lifted his. ng expens from a $1,000 basis to a $1200 bas: nd began to look upon his income as $1,200 rather than 31,000, and the extra $260 did little to increase his activity and efliciency, or to promote his intellectual efforts mm the business concerned. Then if a period came when busl- s dull or poor and fhe did not ra $200, he found fault with ; of the business and became nd inclined to lose interest ness W get the ¢: s are paid out in cash, except ips where a man uses the money ioward buying a home. Full Publicity Needed About the Busi- ness. In establishing profit-sharing it is the utmost importance that the entire organization, the wage and sal- ary earners, know in advance exactly what they are-expected to accomplish, 1 mean by this that, on entering a new year, the hould know exactly what the® préceding fear's accomplishments have been, The annual statement of the concern should be full and explicit, so that every man engaged in the enter: prise will Khow what business was done in the preceding year and on what basis profits were and are to be dis- tributed, Somé Objections to the Plan Answered, Many people have said to me: “Oh, but it takes 4 long while for a man who is only saving a small sum each year to acquire much of a financial in- terest in the concern by wich he is employed * To have cdwwies fond thar such fron who hes net ceiver sat thee the subject, fara sono as niuch to the a com parativély sinall’s ‘ ree in- terest does to the man of large affairs. Tet us summarize some of the ad- vantages of this method of profit shar- ing: First—It is real, it is genuine. The organization as a whole, and each in- dividual in It, has a definite goal: for the year's work. They know at the beginning of a year how much money must he éarnéd to cover what we will and fixed charges; they know that they are being pair salaries to earn those fixed charges; they know that they share in all the profits over and above those fixed charges, and@ they know the basis on which they share, and that the amount of such profits largely depends on the individual and collective effort of each individual in the organization. This in itself is of great practical value to the business from a @ollar-and-cent standpoint. Secong—Having reached the goal set, the thonéy over and above the sal- ities they are paid—in other word their profits—are invested in the busi- ness in which’ they are engaged and on which thélr whole time and thought and energy Should be centered. Profit sharing on the basis I favor is sometimes objected .to by men or concerns who ‘do not wish to let even their own employees kndw_ how little or how mtich nioney they *are making each year, If they are, not making enough money and the business is run- fing -on a close. margin.éach year, then by all means they should set their Situation “before their. men, adopt sucha profit-sharing plan as I Have sutiined, and get fhe genuine co- Operation of every man ‘towards in- creasing the profits and. putting the busifess in-n’ prosperous condition. The man whois running on a small margin and makihg Uttle ‘profit may object to: making, his business: affairs public propert?,,on the grotud that Ne would be putting a. weapon in the hands of his competitors. Such a fhan’s. best protection against his competitors 'is a loyal, closely: knit organization of the highest’ €fficieiicy, dnd this important advantage he can only secure through a Honk fide profit-sharing plan. As for the\man who is making 80 of sor oone Sto fens: ppigiotepy er he is making; to’ tlat-mar he-is.a man who, more than any other, is responsible for thé serious differ- ences today existing between capital and labor, for. with the growing intel- T Bismarck Theatre ligence of the masses, how can he ex- pect such a situation to continue? As for the man who is making large profits but who objects to profit sharing on the ground that he wants to put those profits away against the day when business may be poor, to such a man, I say that he had better use some of those profits to more deeply in- terest his men in his business, and do this to such an extent that if the dark days come he can be pretty certain that his men will stand by the busi- ness in a way that capital alone never can. J Profit sharing on the basis I favor is also sometimes objected to by concerns whose securities are closely held. There are many ways to obviate this difficulty. Some concerns can increase their capital. Others that cannot, or that cannot do s0 for atime, can obviate the difculty by issuing certificates of participation that will draw, the same percentage of profit as the regular securities of the business. In other words, where there is a genuine desire to share profits a way can always be found. AID TO FRANCE CLAUSEIN TREATY CONSTITUTIONAL rs Washington, Sept. By wnani- + Golf Championship Narrowing Down to Best Men in Club the Last Few Matches to Be Played Before Finals \ The annual golf championship of the Country club is narrowing down and it ii ected that with good wether the semi-linales will be reached this week, In the upper half of the draw J. H. Hintgen and W. L. Smith will meet and the winner of the L. L. Folson an: W. E. Parsons match. In the low half, Av, Bolster will meet the wi ier of the C. B, Little and C. Cc. M Lean mateh The most interesting fights probably center in the lower half. In the Little- McLean match, it is expected that the result will be very close. Col ordinarily one of the best players the club, is going strong in this cham- pionship and MeLean is playing the} best game of his career, The winner} of this match will then meet Bolster who is conceeded to be the equal of any golfer in the race. mous yote of the six members present, the senate judiciary commitee decide today that the proposed treaty guaran- teeing immediate assistance of this country to France in Me event of an unprovoked attack by Germany was constitutional. Twelve members ‘were absent, Their votes were not cast. RMN “Do You Still Crank Your Ford?” RUITAVIOLENAASANETOREUEESOUUSERENERAGEE EGON EGOOOOEOAOROOSUEHEGHREAOOESOESOOGGUGOEUGEUUEO APO AGUAOOTOGRSOGUUESUOO GUO ONOOOEUOOEEOOEU EAMES car started? IUAAANAQANVAUGOGSEOELANOUUUOANOEE than it now takes you to risk of a broken arm or ~ Guaranteed for the Life of Your Car Guaranteed_to work any part of it. is perfect. Every part experience has proved tha fuse the “Universal Star‘ seen for sale. a short while save in hi; UNIVE peeTpa nk) pany Ford will run. This guar i ) It’s sold on a money back trial. If it is not perfectly satisfactory we'll and refund the purchase price. We know that’s a strong guarantee, but also know that the Universal This is its first appearance in your State. You must see it demonstrated to appreciate it. At the price this starter is offered you can within wasted in letting your engine run. Guaranteed to start any FORD that will crank. Demonstration stores are now located in most of the important cities jn the United States and the territory in most of the States has already been sold. Counties in your ter- ritory may be closed any day. ACT NOW. In the upper half, it is believed that} :Folson will beat Parsons, although the jJatter is putting up a strong game and) may turn the tables at the last minute. 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