The evening world. Newspaper, November 7, 1919, Page 32

General Motors Corporation His Credit Twice as Much Money as He Put In. | _ Personnel Service Department Gives Employees the FRIDAY, NOVEMBER 7, 1919 Gives 50,000 Employees | | | Harrison, N. J., Plant, Backed by $300,000,000 Cor- poration, Guarantees 4,000 Employees 6 Per Cent. First Year on Savings; Company Adds 20 Per Cent. of Employees’ Savings After First Year; 20 Per Cent. Each Year Thereafter; Every Dol- lar Draws 6 Per Cent. Interest Compounded Annually; End of Five Years Employee Has to Services of Dentist, Lawyer and Chiropodist; Employees Do Bulk of Shopping at Company Co-operative Store at 20 to 30 Per Cent. Sav- ing; Company Pays In Dollar for Dollar in Death Benefit Fund. | ‘ The Evening World to-day prints the ninth article of a sericea | dealing with Profit Sharing and Co-operative Plans of big companices of ’ the country which are working on the problem of industrial unrest. ¥ articles are written by Martin Green, a staf’ correspondent of The ing World, after @ thorough investigation. The experiments are Wholly different in scope and application and should prove of interest > fall employers and employees. The Bvening World believes that there _ @re many employers of labor whose methods of sharing profite with their employees are not generally known, This paper would like to hear from those employers. By Martin Green Copyright, 1919, by The Press Publishing Co (The New York Brening World.) GUAKANTEE of 26 per cent. interest per annum on savings ac counts with @ prospect of a Juicy extra dividend at the end of six years——the guarantee backed by a corporation worth $300,- is something to make employees of said corporation sit up and notice. It made the 60,000 employees of the General Motors Corpor: sit up and take notice when the corporation put the plan into opera. on Jan. 1 of this year, and if the employees ‘in all the forty-one Motors plants, scattered throughout the country are as appreciative | up to date as the 4,000 employees | ~ ‘the Hyatt Roller Bearing plunt in N. J., some 21,000 of them mow in the 26 per cent. interest Of the 3,900 Hyatt plant em- eligible to participation 60.37 cent. are co-operating with the y in making part of their earn money. General Motors Corporation is in the manufacture of motor ‘eessories and parts. P. B. it is Chairman of the Board of The Hyatt Roller Bearing in Harrison, just outside has been in operation twen- years, but was taken into the Motors Corporation only five years ago. For the pur- of this qrticle, which applies yees of the General 1-1,000th of an inch. The plant is rated an eight- di a semi-skilled The profit ing plan is called the Employees’ Savings and Invest. . All workers who have been employed for three mont! eligible to participation. The sav- | ings fund and the investment fund are really two separate institutions, | one using exclusively money put in by employees, the other using money put in by. the management. The| management of the works controls the fund and guarantees the returns offered as long as the plan is in op-| eration. NO EMPLOYEE CAN SAVE MoRE| THAN $300 YEARLY. | Employees desiring to participate pay into the savings fund, in mul- | tiples of $5, any amount they ples per month, but no employee may save more than 10 per cent. of his wages or more than @ year, The management pays interest on savings at the rate of 6 per cent., compounded semi-annually, at the end of June and the end of December. Ing the scheme adopted by the y of which tt is a part to profits with its workpeople. were in operation tn the Hyatt other activities locking to the of employees, which will be herein as strictly plant in- ons because I do not know if are functioning in the other of the General Motors Cor- OYEES GET HOSPITAL TREATMENT AND DENTIST, LAWYER AND CHIROPODIST es SERVICE Boing into the distinctive activities of the Hyatt concern, include the conduct of a co- lve store and an emergency the services of a dentist, a fropodist and « lawyer given to em- for one year and the money earns 6 per cent. At the end of the first year the management begins putting in 20 per cent, per month of the amount put in by the employee and this goes into the investment fund, which also draws interest at 6 per cent, Each year theregfter the management puts in 20 per Ell of the yearly savings of th employee and at the end of the terai Se eee er tee agt| the management has put in dollar for SO eee et ae olavke (dollar with the employee and every eae ine maintenance ef a | dolar has drawn 6 per cent, interest. | @nd death benefit fund, I shall] |, The money saved by the em- | y to make clear the profit-sharing perme and by the management ae cred ors ants asinio at the employees is invested and | ‘ %& Gamble pian, which in the common stock the employee to invest his| of the General Motors Co ey before he can share in| tion, when such stock is obtain- fofits of the sale of the product | ble, or in other securities chosen rare ont by the Board of Directors.. Gen- HF, it may be. stated, that eral Motors is selling around cent. of the em $395 a shar To show how the plan works out, we will take the case of an employee who decides to go into the savings it |fund to the extent of $10 month. ¢ |Say he makes his first payment ‘n January, Each $10 deposited begins to draw interest on the first day of ithe calendar month following its re- ‘women are employed in th: rn mostly as inspectors of ed product, which must be down to measurements of at Eighty-Seven twenty -fi it i vents 4 ive mile flight E. it had been she only wished have been longer, a ;At the end of the second year the DOLLAR ' For DOLLAR, CAPITAL » celpt. At the end of June our em- 4 ployee has deposited $60 and big $60 | has drawn 75 cents interest. At the end of December he has deposited $120 and is credited with $3.32 inte>- est. His savings amount to $123.32. On the first of the next January the company steps in and puts $2 month to the credit of the employe —20 per cent. of his monthly deposit employee has $280.31 to his credit ae follows: Firet year’s savings, with interest . $123.32 Second year’s savings, with interest ............+ 130.83 Company's contribution, with interest........0... 26.16 DORAL iiss ceesescsiys sin At the beginning of the third yea of the employee's participation th company comes in to the extent of putting in 40 per cent. of what he is putting in per month. At the end a’ 1 LAVIVERS ADVICE FREE FOR EMPLOYEES % @ of the year—his third of saving and the company's second of chipping in —the employee has to the er account $474.63, divic First year’s’ saving interest oath ee Second year's savings, with BLOONS sevccesecerrrecceees 130.83 Third year's savings, wit interest tees cose 188,79 Company's contribution to- ward second year's sav- ings, with interest 20.16 Company's contribution to- ward third year's sav- Ings, with interest i ‘Total EMPLOYER CHIPS IN 20 PER CENT OF EMPLOYEES’ DEPOSIT. ‘The employee in 20 per cent. of what the employee deposits, and old tireless “John J. in- | terest” ‘keeps tacking on the 6 por cent, twice a year. At the end of the five-yeur participation period the em- ployee has to his credit twice as much money as he put in, with interest be- sides. But that is not all, "There is a forfeiture feature which will, when the first five-year period of company participation is completed, add 1 terially to the profits of the employe Employees are permitted to withdraw all or part of their contributions to the savings fund and their share of the investment fund, but withdrawing employees forfeit whatever share of the investment fund that has not been credited to their account. The for- feltures amp invested for the benefit of the employees who ¥ At the end of a part§pation period an employee may withd sires, his cash and stock or leave the cash with the management to draw 6 per cent. interest. He may Iso enter another part and keep on saving with the ald of the management | A Personnel Service Department | has been installed in the Hyatt plant | and plans to give the employees rep- resentation in the management by} direct contact with executives are under consideration. At present there are two shop committees ip the | plant, one dealing with safety, ) other with ventilation 80 far as | know the Hyatt plant is the only big industrial concern in the country which emplo: chiropodist to look after the ite su are few such institutions in the country employing a dentist to look after the teeth of the workers. These may appear tri- fling innovations, but they are of considerable importance. DENTAL WORK FREE-—AND ON COMPANY TIME, ‘The dentist does no crown or bridge | work, but he extracts and fills teeth and, treats all sorts of defects, He has found many workmen suffering from abscesses which were poisoning their entire systems and has restored ‘these p ple to the enjoyment of health, People of the class working {in the Hyatt plant are usually in need of dental attention and the company furnishes it without loss of wages to the worker, who visits the dentist on company time, The management realizes that a orkman cannot do justice to his job if his feet hurt or are crippled, \Phe company chiropodist has treated | 1,200 employees since the chiropody department was established and pation class | of his party, basket. The chiropodist and the den- tist play no small part in speeding up production. Einploye»s are beginning to do the bulk of their chopping at the com pany co-operative store, which sells meats and all sorts of groceries at from to 80 per cent. under the price rged in mackets in Newark, the anges and Montclah. The ‘sales amounted to $1,300 last Saturday Next week the stcre will put on sal @ big stock of surplus army supplies which has been obtained from the War Department. The co-operative store also docs a big business,in auto: mobile tires, many employees ridin to and from their work in their own cars every day, ployees voluntarily contribute to the support of the sick benefit fund. The company pays in dollar for dollar with the employees to the death benefit fund. Th funds have a surplus of nearly $11,000 on RR EMPLovees GT ‘a (T Aut Lith the to to hand. The Hyatt employees also benefit by the New Jersey industrial compensation fund, Sick penefits amounting to $1,213 were paid in September. The management maintains a caf- eteria and lunchroom for women, The plant hospital is equipped with every | 14, : *| “You intend to buy a house, Sup-} ode! surgical: and medical appli iP: ne eH a oc ae cer nurses a al-|pose you belong to a building and ways in attendance. loan and will have to pay $30 a a month Here's how the fund will IF DOMESTIC TROUBLES WORRY | heip you, The employees’. savings YOU TELL THE COMPANY'S LAWYER. recently been em- A lawyer has about anything that wor- | employee ries them, They are invited to bring to the notice of the attorney their |you family troubles, their troubles with | of troubles or ses them dis- joes not handle neighbors, their money anything else that tress. The lawyer straighten out fund plan w found that m fund will rec gation cases, » employe: out of bring about a feeling of agement from contact—the foremen. After the savings and inaugurated building and the amount of n feature 1 are right there it. Although for your savings Some plan!” ve your $10 from y and then turn around sand pay th $10 for you into the building and | You will then have to pay the buildin ployed by the management (o advise | and loan $20 Instead of $10. e' Solving the Wage Problem a Picts fat nian dette) Jette Na ata m a =» = = 26% Interest on Savings Employees’ Savings and Investments Net 26% Interest His task ts to keep | litigation, their difficulties and thereby render them more fit for | their jobs. Sixty-five executives and sub-exec-| utives are in attendance at the Hyatt Industrial Extension Club, a school! of instruction in all problems con- nected with factory management. Th foremen of the plant are investment | it was y employees felt they could not afford to go in because they | were paying monthly contributions loan associations. | tunate?” she says to Georgie. The plan was amended to allow the company to pay to building and loan associations month's savings, the management un- | der the participation plan putting in-| to the investment fund an amount equal to that contributed by the em- ployee in @ five-year period. Tho fol- lowing paragraph in a notice to the employees explains the building and their An. The joyful part of it is, at the end of five years, when the investment fund is divided. your share will have been paid out for you.to the} home man, the investment leg of it is still yours. This interesting article was wri Treasurer of the United States, Copyright 1EN King Albert was asked) W what had most impressed him in this country he said the Treasury of the United States in Wall Street and the big trees in California, King Albert in going through the! Sub-Treasury, as well as the members including the Prince, made no secret of his astonishment, Particularly pleased was Prince Leo pold when he held in his arms $100.- | 000,000 in gold certificates. He stayed in the Sub-Treasury more than an hour and carefully studied the entire building. It is no wonder the royal Bi visitors were surprised, | this building there is to-day, and there lately has been, more money than was ever placed in any building of the world. The Sub-Treasury dwr- ing the war supplied the funds for all rmy camps and bases and navy sta- tions in the vicinity of New York for battleships, transports and for all troopy passing through the city The vaults of the Sub-Treasury are always under double control, no one man being permitted to enter any vault alone, The vaults on the main floor contain a room of steel with square boxes in which are bills of a thousand dollars, five thousand dollars and ten thousand dollars, In this room are packages of one thousand dollar bills totalling one million dol- The five thousand and ten thou- nd dollar bills total fifteen million dollars, and in one box of this room there is over three hundred million |dollars, although the box is only two |feet squai In the same room are boxes filled with gold coin, each box holding one hundred bags, or a ton- weight In gold. Below the street level ls the silver vault, reached by an iron spiral stair. way, remindful of the approach t colis ediaeval castles, Thi ms only gold and silver coin and bullion, and divided into compartments with steel walls be- sian because in bunions $100,000,000 in Gold Certificates Stacked in the Arms of Prince Leopold. by The Press Publishing Co. (The New York Evening World.) | TWO MINUTES | OF OPTIMISM By Herman J. Stich itten by the Deputy to the Assistant there. One compartment alone holds one hundred and thirty million dol- lars in gold bars, while others are filled with one cent, five cent, ten cent and twenty-five cent pieces. Lo this compartment also is held sixty million dollars in silver dollars as se- curity for a like amount of silver cer- tificates outstanding in the hands of the people, Passing two massive doors we reach the new addition to the vault and find a corridor thirty- six feet long and twelve feet high filled with gold coing and gold bricks. The value of gold bricks, each weigh- ing twenty-four pounds, and worth eight thousand dollars apiece, in this | corridor, is seven hundred and fifty million dollars, which is the largest | an: mass of gold in any one place in the; « history of the world |do Going into the coin room interest at once eentres in the coin counting machines, electrical driven. The op- erator of counter at each machine feeds the coin into the and as he does so picks out smooth coins which have unfit for circulation, also picks out the counterfeits, “ce rai the expert is at the work. year banks, stre ne and slot machine companies| * have sent to the sub-Treasury more! than thirty million dollars in dime on dollare in nickels and cents. ng Albert was much the redemption 4 bundles of bills are b: interested . sel vision, thousand bills each, are count dred bill which ¢ holes in each Then the pack lengthwise ng machine, and the half no nipped to Wash- ington by mall for destruction, th other halves are forwarded to Wash- After the triangular end of the package. es are cut in shaped | h lav tween each compartment because of the weight of the bags of coin stored the possibility of circulation, saith nd Cie ote ails! my wife: dreary day—rain, ness. anyway; ery become | sewing; The operator of my own things to ‘tend to, that Some | keep piling up when I work, of these counterfeits are so nearly|when the sun shines bright I work perfeot as to defy detection unless an jevery day, and I work very hard then During the | And then when the railways, tel- |I neve and wh she asked her how she half do so much more than the average | myself washing. ington the next day, so as to prevent boar bing Copyright, 1919, by The Vrese Publishing C (The Ni eae jew York Evening World), Laundress Philosophy O* account of the high cost of ek, ns. It was bad tor my ything; bu It's too bad, you do on a rainy day get along Lord no! and, anyway, worry, I just rest. You know,’ continued the Well, and keep busy went on the r laundress turned o and sABy,’ eady and kind of "said the laundress, ‘it is a little hard these days to go far on receptacle, !what you've got, but I don't ‘mope or Maybe I can get some I've got lots " said the Chief, their hifalutin ways and expectations, my wife now does her housework herself and just has @ laundress come in once or twice a And she's got a jewel of a laundress, too. “The other day I heard her saying to ‘Yesterday was an awfully rain, rain all day long, and all days are long when it I guess it was bad for busi- business I couldn't wash a waist o1 should worry!* Don't you Don't you find it Besides, | itorm time comes laun- ress, ‘worrying and moping are bad ‘for health and the nerves. nd halves, and about seven |those rainy days are bound to come, n they do come I say to my- now, here you are, where I'm ready for you, pught by the!in the sunshiny weather and I cai banks for redemption. The bills come | afford to take It easy for a whi to the sub-Treasury in bundles of | And l make myself comfortable and bills | take it eas: ckage of a hun-| “My wife,” I figure but I've worked hard jef, “had d by a machine ‘often wondered at the amount of work t now anaged she answered; ‘I don't kilt I go smooth and d-—there’s a sort of knack to rub- the right way, And then every a mst aa iN lila ase AMAIA ne at weit a att | FRIDAY, NOVEMBER 7,1919 . Girls and the Gridiron | Girl That Understands Football Is Rare, Like a Guy | That’s Hep to Hemstitching—Girls Have Made | the 1919 Football Season a Style Show—A Six } Hundred Dollar Fur Coat Will Make Any Football Scrimmage a Grand Success. By Neal R. O'Hara Copyright, 1919, by The Press Publishing Co, (The New York Brening World.) - REAT outdoor sport for this season is taking a girl to a football game. Football is also the big indoor sport for the girls—parlor | football. Indoor kind is popular the year round. Only difference ‘ts | parlor brand requires no coaching. | Girl that understahds football is rare, like a guy that understands hem- stitching. Most wrens figure a punt is what wins all the games, and they think the cheer leader's the real hero of the contest. Cheer leader looks lot nicer in his pretty white sweater than fullback that rolls in the mud, Yes, yes, indeed; only points a girl can understand are the points in the final scores. And they even get dizzy at those when they go above 15, Girls have made 1919 football games a style show. Nothing like a concrete seat in a stadinm this season for showing off the fall collection of clothes, Game gives ‘em a chance to flash the silk stockings and georgette waists, even if it is November. You'll always see more open work in the stands than on the gridiron, no matter what the coaches say. Six hundred dollar fur coat on a girl will make any game a success, ;nO matter how bad the home team js licked. If a dame makes a good showing from head to foot, team she roots for can be slaughtered and still leave her smiling. Only thing that can keep ‘em from smiling is crooked | teeth. |. Girl that’s going to a game puts on the winning colors before she | leaves home—provided the winning color’s red. Dolls this season get their colors at the pharmacy instead of from the pennant peddlers. Lotta girls that take in the Harvard-Yale match this year will be strictly impartial wearing their colors. They'll wear Harvard on their cheeks and Yale on their eyelids. Which makes it look like a tough year for Princeton. Gays that improved the game of football weren't the rule makers, Not much! Real birds that improved football are the milliners, fur- | riers and dressmakers, Dressmakers that have made football what It is to-day never figure how to gain ten yards. They figure how to SAVE ten yards, Fall styles you see at the game this year certainly prove it’s been opened up. Dividirg the contest into quarters makes it easier for the Flossie P now | Gives ‘etn a chance to ask “What's the score now?” twice as often as the taking a three months’ course of in- struction on the handling of men,| Old system. ‘The instruction is specially designed | turned each period into a question mark. vonfl- denc in the foremen on ‘the part of Of one at @ gridiron scrap. So far as statistics show, though, mind of @ the workers, the management realiz-| girl at a football game is blank, same ing that the working force of a fac- tory gets its conception of the man- their point of direct! all the same when it comes to brains, Yep, rule makers have renovated football and the girls have If you don’t believe it, sit side a 0-0 score. | There are different brands of wrens at a big college game, but they're It's always the prettiest doll that inquires why a tie game don't go into extra innings. And you can bet it's a goodlooker that thinks a player can get his letter by applying at General Delivery. And-as memory serves us, it was a peacherino that arrived late in the second half of a game and found the score 0 to 0. “Ain't that for- “We haven't missed a thing!” | Fact that it's impolite to strike a lady has made the game safe for stupidity. As it now stands, girlcan ask why the field Judge don't lay on the penalties and sUll live to sce another game, A girl can ask why the coach don’t use lawyers for his defense, but If she's got dimples she'll still get away with it» A gis) can even ask why they don’t have a period at the end of a game and commas in between the quarters— and if her complexion is rare she'll still live to tell mommer all about her wonderful time, Verily—and even stronger than that—football is a wonderful game | Not only keeps the Janes out in the open air, but it helps to sell a lot of chrysanthemums, And it would really be shame to teach ‘em all about As soon as they think they've got the dupe on a game they want to start betting on it. If you don’t believe it, look at bridge. But as for football, the girls know they know nothing about it, and let it go at that. For which us guys can be thankful. For if the girls ever bet on football the way they do on bridge, heaven help the poor working man that sup ports ‘em Revealed by the Handwriting Below le given the analysis of the handwriting sent in by and women who desire to learn more about their sweethe: Your Sweethearts’ Characteristics or Copyright, L. P, 1, New Jersey—Indications she has a good character, but ie care- less and unstable as to serious things. Loves sociability and physical exer- e Affectionate, but no hurry to marry, Saving in some ways, by The Press Publishing Co. (The New York Bvening World.) thought. Lazy, insincere, weak, dim orderly, untruthful, C. E. P.—Very responsible. Level headed. Type that will have other friends. However, she to be !trusted. Has more force than you Try to concentrate, and get more poise, T. E. G—Would make efficient wife! Somewhat selfish type. Little tendernes: Very neat Fond of pretty things. Socially ambitious, | sense of honor. Diplomate independent, extravagant, ortginal.|frank. Thoughts somewhat dittased, Particular a to personal appearance. but loyal. nselfish, Not demon- Propensity te strative, but sincere. procrastinate at times, and forget em stubborn, gagements, Rathe W. H. H. M.—-Barring extrave- gance, make good wife. Type to stick. Simple tastes, but sive. B. V. D—You have great refine- ment and persona, neatness, Also you have personal charm, Something of a dreamer, combined with tenacity of purpose, but not aggressively so. E. M, B.—Qualities for success, more initiative is developed. Pleasing Ability to’ keep silent. Undoubted| but not vivid personality. Good success, provided you overcome] friend, honest, sincere, Excellent tendency to depression, Love of cul-) wife, To ho husband's affection, must acquire more temperament, G. L. C.—Kindly, good mixer. Care. e}less, slightly procrastinating, trifle absent minded. Impulsive, certain amount of efficiency. Does not care for art, but likes jazz music. Not quite practical at times, yet has suf. ficient force to succeed. “It is himself, bedi! ture, Sense of humor, You could be a success in straight business, but you also have great possibilities in artistic flelds and literature becau) of imagination and creative power She is faithful type, gracetul, ri fined, affectionate, original, imagina- tive, gently obstinate and a bit vain. Indications are charming wife, B. B. B.—You certainly are “full of pep." Executive, Hard to c N. D., New Rochelie—You have suf. vince, Very literary, Head abso- ficient force, level head and opti; ier to muceeed. A certain reserve. ey to bashfulness retards our le Be bolder 7 Sevelopy lutely controls, Tremendous energy. Keen sense of humor, Silent. Not overly generous. Diplomatic. terial tastes. Physical daring. In- ordinately ambitious. Lack tender- ness. ment... M. B. M.—Honest, easy going, mistic, but no force, eate L. A. J. B.—Pick uo your pride and Jet her go, She is not worth a B, 8. R. K.—Character but Indications are good Prades ness and cool head. Still a bit senale tive, and girlis! self-consclous, hour or so I just close my eyes and try to rest all over for about a min ute, It's queer how much better and harder | can work after that. Then again I love to feel the flakes and the clothes and I like to see ‘em I guess I like my work, too. sir,” concluded the Chief, “for | optimism, common sense, philosophy 4. T. by Brooklyn—Charact by unformed, but indications are ‘had governe attentions, also her tongue, ‘ot very forceful, Love of : not strongly developed.” onldres 8. A. R, Albany—Refined t clothes, but room Gisorderiy: seeatat work with the/and efficiency engineering combined lappearing, but not sociable, Is het | nobody's got anything on my wife's intellectual, Somewhat flights, laundreas,’ ‘Needs balance, ss LT i