The Harvester World: Volume 7, number 1, January 1916

              gers. More that that, they seem to have been worked out in a spirit of broad-minded gener¬ osity and justice. The International Harvester plan especially provides for seasons of illness or unemplo)'ment. If the employe resigns or is discharged his credits will be paid him in cash.
That means that the company is not invest¬ ing in a mortgage on the employe's loyalty. Profit sharing is not a whip to restrain ambi¬ tious men and women from attempting to bet¬ ter their conditions by seeking other work. Further, the company's contributions seem to be liberal.

— Chicago-Herald, December 26, 1915.
IHC Profit Sharing Plan

In order to reward continuous service and assist employes to become stockholders in the International Harvester Company, the direc¬ tors of that company have announced a profit sharing plan under the terms of whicfi any employe may subscribe for a profit sharing cer¬ tificate for $50 or any multiple thereof up to SI,000. Payments for the certificate shall be made in specified amounts of not less than $1 nor more than $25 a month, which maj' be regularly deducted from the employe's wages. The amount thus agreed to be paid must be sufficient, with other credits for which pro¬ vision is made, to pay for the certificate in full on or before Jan. 2, 1921. If an employe is unable to work because of shut-down, sickness or accident, his payments maj- be temporarilj' reduced or suspended. Each employe who subscribes for a certificate before March 1, 1916, and has earned $100 or more during the 3'ear 1915, will also be credited on such certifi¬ cate at the date of his subscription, with a sum equal to 1 per cent of his wages during 1915. A similar credit will be made on Jan. 2 of each year, the same being equal to 1 per cent of the employe's wages earned during the preceding calendar year, provided such wages amount to $100 or more and the emploj'e is still working for the company. Interest at the rate of 5 per cent on all payments and credits will be al¬ lowed.
Every emploj'e holding a profit sharing cer¬ tificate maj' apply the amount to the purchase from the company of its common stock at $3 per share below its then market price, at any time when such amount is sufficient to pay for one or more such shares. He also has the option of claiming in cash the full amount of his certificate with accrued interest. Partici¬ pation in the profit sharing plan is not com¬
pulsory, and failure to accept any of the offers made by the company under this plan will not in any way affect the employment or standing of the employe. The present plan terminates Jan. 2, 1921, at which time the company may announce an extension.
— Farm Implement News, Chicago, III., December 30, 1915.
Workers as Business Partners
The two big elements in a successful busi¬ ness are money and men. Long ago shrewd business learned that it was quite as important to protect the men as well as the money. The International Harvester Company is the latest large concern to come forward with a broad policy to aid its laborers to help themselves. That so-called trust's 35,000 employes will have an opportunity on favorable terms to become real partners in the business. United States Steel some \'ears ago did a similar thing with verj' good results. Indeed, so thoroughlj' have steel workers become steel partners that they made a formal protest against the hurtful as¬ saults waged by politicians upon their own corporation. Stetson's is a conspicuous Phila¬ delphia institution which has made every em- ploj'e feel that he has a direct interest in the profits of the world's biggest hat factory. The Pennsylvania's insurance plan for workmen has proved another admirable thing, first for the company through a deeper loyalty of its men, and second, for the men themselves. There are hundreds of other though perhaps less con¬ spicuous examples of this }'oking together of the interests of labor and capital for mutual advantage. The demagogues in legislative halls will not get very far hereafter in their vote-getting campaigns via the business-smash¬ ing route if more companies follow the pre¬ cedents cited of toilers earning a place as part¬ ners. — Philadelphia Public Ledger,
December 23, 1913.
The more I think about the plan the more I feel that in principle it is a distinct step for¬ ward in the whole broad scheme of developing profit sharing on a scientific basis.
— Geo.  JV. Perkins, December 23, 1915.
Your plan of profit sharing is certainly a good and generous one and should, it seems to me, be instrumental in making stockholders of a great many of your employes.
— Wm. Buttcrzvorth,   President Deere & Company, Moline, Illinois,