OCR Interpretation

The day book. (Chicago, Ill.) 1911-1917, December 27, 1911, Image 11

Image and text provided by University of Illinois at Urbana-Champaign Library, Urbana, IL

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1911-12-27/ed-1/seq-11/

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Employes of the Common
wealth Edison Company, from
the office boy to the president, are
to be made beneficiaries under a
service annuity system which the
company will establish Jan. 1.
Continuous service on the part of
the employes for a stated number
, of years will entitle them on re
tirement to an annuity based on
their annual earnings and on the
pumber of years of continuous
The plan, which t has been
recommended by the public pol
icy committee of the National
Electrict Light Association, pro
vides that the entire annuities be
paid by the company, without any
contribution on tht part of the
employes. It provides also that
the annuities shall not be consid
ered any part of the wages of the
employes nor any philanthropic
scheme of the company. It is a
form of compensation for faithful
service which cannot be included
within ordinary wages. News
A news item that reads nice
and sounds good and makes a fel
low feel like cracking his heels
and shouting hurrah ! But wait
a minute!
If this new year resolution of
the Commonwealth Edison Co. is
a practical proposition, why
couldn't the company take the
string of charity out of the pro
posed gift by adding it to the
weekly pay, and let the people
feel that, they are getting it be
cause they earned it, and not be
cause the boss pitties their hard
Of course this pension game
story is full of advertising possi
bilities to the wide awake corpor
ation press agent, that can't be
lost sight of. So he is not to be
blamed if he works ft for all the
publicity he can get out of it.
That's, one way of squaring the
First page newspaper space,
next to reading matter, is a (high
priced privilege; and if it can be
got for nothing, for a long time to
come and the ad has strong pull
ing power because it is loaded
with human interest stuff, isn't it
a, good card to play in the busi
ness game"?
Surest thing you knowv
The mouth filling statement -of
cheap platitudes: "Annuities shall
not be considered any part of, the
wages, of the employes nor any
philanthropic scheme of the com
pany" is a dead give-away.
Big Business has reduced the
system of Indian-giving to an art
When an employer increases
wages! for any reason, and' the
employe should in the future dis
please him the employer can't rob
him of the increase he has already
paid him. The best he can do is
to pay him off and let him go.
Wage increases whether volun
tary or forced is an attempt to
maintain some kind of a decent
balance to the scales of Justice,
and usually has no strings tied,
to it.
The pension scheme is a good
business proposition, for coqtinu-

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