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Professor Blackman, in the March number of the North American Review, mentions two successful instances of profit sharing. Proctor and Gamble, the great soap and candle makers of Ohio, pay to their workmen on their wages the same dividend they pay to the shareholders on .their capital —viz., 12 percent.—besides establishing a pension fund and employing a physician to look ofter the sick. The Nelson Manufacturing Company of St. Louis set aside onetenth of the profits for a reserve fund, one-tenth for a provident fund, and onetwentieth for an educational fund ; the balance being divided equally between employers and employes. The total amount of dividends paid to the wageearners averages 9 per cent, per annum on the wages paid. The Dunedin Assembly of the Knights of Labour passed the following resolution :— * ‘ That the action of the Government in reducing employment of poorlabouring men on co-operative public works in order to make work for the unemployed is calculated to accentuate rather than to diminish poverty ; that the principle thus endorsed—viz., taking from the poor to feed the poor—is unjustifiable at any time, but more especially so in the middle of winter, when those affected have no chance but to submit; that many of those employed upon co-operative public works in the

country have families dependent upon them in the towns, and the cost of thus keeping two homes going is a severe strain upon their slender resources; that the men so employed are unable to remove their wives and young families to the vicinity of public works in the country owing to their inability to provide reasonable accommodation ; and that in view of these facts the Government be requested to reconsider the position.”

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/SCANT18950610.2.30

Bibliographic details

South Canterbury Times, Issue 8229, 10 June 1895, Page 3

Word Count
282

Untitled South Canterbury Times, Issue 8229, 10 June 1895, Page 3

Untitled South Canterbury Times, Issue 8229, 10 June 1895, Page 3

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