Evening Republican, Volume 18, Number 205, Rensselaer, Jasper County, 31 August 1914 — HELPS EMPLOYES TO HOMES [ARTICLE]

HELPS EMPLOYES TO HOMES

Eastern Railroad, as a Matter of Business Policy, Has Put System in Operation. A large Eastern railroad, appreciating the value of satisfied and permanent employes and realizing that an employe with a tangible interest in his locality is most likely to have these qualities, has made it possible for its workers to obtain homes without immediate capital outlay. The employe who wants his own home selects whatever type of house he prefers, and if the employers’ committee on investi- „ gation finds that the house is suitable and reasonably priced, money is advanced for the purchase, to be repaid in monthly installments. The benefits of this plan to the employe who finds it next to impossible to save out of his Income the necessary sum to make a first payment on a home, but can pay back its purchase price as he would rent , are obvious, as is the improvement of this method of home-making over the plan practiced by some Industrial concerns of selling homes com-pany-built and of uniform type. The company in starting this innovation is not animated by any motives of philanthropy. It is cold business. Satisfied employes are necessary to business success, and it has set about making them satisfied.