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Typo: A Monthly Newspaper and Literary Review, Volume 5
[item from the Daily News]
An item like this, from the Daily News, indicates the most probable direction in which the solution of the industrial problem is to be found: Several hundred of the men employed at the Old Kent Road Works of the South Metropolitan Gas Company, with their wives and other relatives, met on a recent Saturday afternoon, in holiday attire, on the cricket field, to express their approval of, and thanks for, the profit - sharing scheme introduced by Mr. Livesey, and the other directors of the company. Mr. Burrows, chairman of the Workman's Committee, who presided, said it was no bogus scheme, but that hundreds of men had already received their money. When his book was made up on the 30th June last, £20 appeared in it. The scheme was one of the grandest ever floated, and almost made the working-men shareholders. Remarks of a similar purport were also made by others. The Greenwich and Vauxhall stations had already expressed their acknowledgments. In response to a resolution of thanks, Mr Livesey spoke of the profit-sharing system as forming a bond of union between all classes. The amount of the nest-egg standing in the names of the men who signed previous to June of last year was now close upon £7,000. The bonus last year was £5,821. No man was forced to sign an agreement; and though the company was bound to find work for those who did, yet any man could leave at a week's notice. The profit-sharing system, he declared, amidst great cheering, had been a complete success.