14


CHAPTER  XII


PROFIT   SHARING   AND    COOPERATION

67.  Profit  sharing  establishments  in  the  United  States^

Profit  sharing  is  a  device  which  aims  to  bind  together  the  employer
and  employees  in  a  given  business.  Profit  sharing  seeks  to  achieve
this  aim  by  distributing  among  the  workmen,  in  addition  to  their
regular  wages,  a  share  of  those  profits  which  would  ordinarily  go  en-
tirely to  the  employer.  In  1916  the  United  States  Department  of
Labor  undertook  a  comprehensive  survey  of  profit  sharing  in  this
country.  In  that  year  sixty  estabUshments  had  profit-sharing  systems,
more  than  two-thirds  of  which  had  been  in  operation  less  than  ten
years.  Of  these  sixty  profit  sharing  establishments,  thirty-three  were
manufacturing  concerns.  The  following  is  the  complete  Kst  of  profit
sharing  establishments  in  the  United  States  in  1916,  as  compiled  by
the  Department  of  Labor:
Establishments  with  Profit-sharing  Plans  in  Operation  in  191 6


Name  of  Firm

City  and  State

Industry  or  Business

Year
plan
was
estab-
lished

Am.  Light  &  Traction  Co

New  York,  N.Y....
Falconer,  N.Y

Evansville,  Wis

Louisville,  Ky

Philadelphia,  Pa....
Toledo,  Ohio

Bangor,  Me

Lynn,  Mass

Boston,  Mass

Fall  River,  Mass....
Bridgeport,  Conn. ..
Public  utility

1899

Am.  Manufacturing  Concern ....
Baker  Manufacturing  Co

Ballard  &  Ballard  Co

Manufacturing  wood  nov-
elties, toys,  desks.
Manufacturing    windmills
and  gasoline  engines.
Manufacturing   —    Flour
milling.
Architects  and  contractors.
191S
1899
1886

Ballinger  &  Perrot

Bartley.  R.  A

1911

1904

Benoit  System

....do

Blood,  J.  B.,  Co

....do

Boston  Consolidated  Gas  Co. .  ..
Public  utility.
1906
1889
1900

Bourne  Mills

Manufacturing  cotton  cloth
Manufacturing  —  Lumber
mill.
Burritt,  A.  W..
In  1916  an
investigation
by  the  U.S.
Department
of  Labor
revealed


sixty  profit
sharing  es-
tabUshments
in  the
United
States.
