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