Rensselaer Republican, Volume 19, Number 34, Rensselaer, Jasper County, 28 April 1887 — INDUSTRIAL NOTES. [ARTICLE]

INDUSTRIAL NOTES.

Proctor & Gamble, tbe well-known Cincinnati soap manufacturers, propose to share their profits with their employes. The plan is to appoint three trustees from the employes who shall, twice a year, after allowing 6 per cent, interest on the capital employed and reasonable salaries to the members of the firm, divide the remainder of the profits for the previous six months between the firm and the employes in proportion to the capital and the wages earned. The employes have accepted the proposition with thanks, and resolved to allow no outside influence to disturb the relotipns between them and their employers. Nearly three pages of the last issue of Bradstreet's was devotetj to a review of the remarkable boom in real estate in the Soufh and West during the past six months. The article says: “The activity in real estate w ithin six months has been very conspicuous, the first four months of 1887 witnessing an extraordinary increase in the speculative interest. The greatest activity has ruled in the more recently settled regions of the West, and in those portions of the South which have shown marked progress in manufacturing. ” Harmon’s cotton mill at Cohoes, N. I\, has shut down, throwing 600 men out of employment, on account of their interference in the management of the mill.. . The card rate has been reduced by the Pittsburgh nail manufacturers from $2.70 to $2-.25, lowering wages about 5 per cent.