﻿DETAILED ACCOUNT OF VARIOUS SCHEMES.

55

dividend of 10 per cent, when the price of gas was not above
6d. per 1,000 feet, and an additional dividend of J per cent,
for each reduction of one penny per 1,000 feet in the price of gas;
the plan proposed was to give the employees a bonus of “ 1 per
“cent, on their year’s wages for every penny reduction below
“2s. 8d. per 1,000 feet” (the price then being 2s. 3d!.). In
addition, there was to be placed to the credit of every man who
should accept the scheme a sum equal to what he would have
received as bonus if the scheme had been in force during the pre-
ceding three years, this “ nest-egg ” being equivalent to 9 per
cent, on one year’s wages.* In order to take the benefits con-
ferred by the profit-sharing scheme, the workman was required
to sign an agreement binding himself to work for the company
for twelve months at the current rate of wages, the company
agreeing to employ him during that period, and also undertaking
“that no alteration shall be made in the wages to the disadvan-
“ tage of any of the men.” The money coming to the employees
under the scheme was not to be withdrawn, except in case of
death, during the first year, “ nor during the first five years,
“except in case of death, superannuation, or leaving the service
“ of the company,” but was to remain on deposit at 4 per cent,
with the company, and was to be forfeited in case of a strike or
wilful injury to the company. Within a week about 1,000 of
the regular workmen signed the agreement; but by many of the
men much dissatisfaction was felt with the company’s proposals.
A. very large number of stokers, being employed for the winter
only, found that the scheme did not extend to them, and their
hostility was, no doubt, a potent factor in promoting wide-spread
discontent with the project. In consequence of a meeting between
the directors and representatives of the workmen who had signed
agreements, held on November 21, 1889, the company withdrew
the clause under which a man was to forfeit his bonus in case of
strike or wilful injury, agreed to allow the future annual bonuses
to be paid out in cash, and made other modifications in order to
meet objections. The scheme was issued in a revised form on
November 27, 1889, provision now being made for paying a bonus
to workmen employed during the winter only (as well as to the
regular men), subject to their sig'ning an agreement to serve the
company for three months. However, the Gas Workers Union
manifested a strong aversion to the scheme on a variety of grounds,
the most important objections being that the scheme was likely
to induce men to leave the Union, and that men bound by twelve-
monthly agreements, especially by agreements terminating at
different dates, and punishable for breach of their contracts by
penalties of a criminal 1" as well as of a civil nature, would find
it impossible to strike with effectiveness, if such a measure should

* This “nest-e«g” offer remained open until December 31, 1889. The
original offer stated the amount as equivalent to 8 per cent, on one year’s
wages ; this was altered on November 27, 1889.

1* Persons employed in gasworks, such as those of this company, who break a
contract of service can, under certain circumstances, be punished by fine or
imprisonment under the Conspiracy and Protection of Property Act, 1875
(38 & 89 Yict. c. 86, sec. 4).