SYSTEM OF LABOR PENSIONS AXD LVSCKAXCE
about equal to the annual pensions paid. Hence, for several of the past years there have been no annual contributions to this fund a striking vindication of the system. Unless the num- ber of the employes should greatly increase, no further contri- butions to this fund will be necessary. The experience of twenty years has proven that a contribution of $4 per annum for each employe is ample to assure the security of the fund. The accompanying table shows the wages paid and the contributions to the pension fund during a period of twenty years.
TABLE OF WAGES PAID AND CONTRIBUTIONS COMPOUNDED AT 6 PER CENT.
TO PENSION FUND
Year
Number of males employed
Total annual wages
Average wages per employ^
Pension con- tribution (i per cent, total wages)
Amount compounded at 6 per cent.
l8?4..
31
$13.613.60
S43Q.I 5
^136.14
$436.59
l875.. .
70
17,477.00
7415.46
134.73
407.69
1876
35
13,212.00
377.49
132.12
377.07
1877.. . .
18
14,100.00
771.05
141.00
379.71
l8?8
6l
10. 421. 00
208 27
104 21
403.20
1870
70
27.Q30.00
202.01
230 30
573.6O
l88o.
Q8
H.2CC.66
>l8 04
312 56
706.60
1881
140
C6.Q7I.75
782.36
560 72
I 215.21
1882..
274
127,813.87
466.47
1.278 14
2.571.62
188-?.
240
00.477.40
276.07
004 73
I.7I7.IQ
1884..
IQC
71,475.28
366.54
714.75
1,280.12
1885.. .
201
Q3.6iq.47
465.77
036 10
I.58I.23
1886..
162
129,312.19
357.21
I.2Q3 12
2,061.24
1887.. .
352
158,033.08
448.96
I.58O 33
2,376.82
1888
7Q7
172,152.88
568.16
I t 72 J.C7
2.442.85
1880.. .
207
161,807.83
544.80
1, 6 1 8.08
2,164.99
1890
77Q
151,346.75
458.62
1. 513 47
1,909.99
I go I
338
17? 548.18
484 77
I 735 48
2 066 96
1802
47.2
21 1.203.7^
488 00
2 II203
2 373.03
1 80 1
1 1 }
208,012.76
460 56
2 080 1 3
2 204.04
$1.934,776.05
$19,347.76
$29,341-73
The life insurance system has been more general in its appli- cation. Premiums to the amount of $36,505.65 have been paid. The face value of the policies now in force is $182,000. In addition to these, several policies of $1000 each were turned over to the firm which recently purchased the shoe manufactur- ing department of the enterprise. The families of five deceased
