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service is generally accepted as permanent, and the company, so viewing the matter, made provision accordingly in the organization of the pension department by limiting the age to 35 years.

The motive for establishing this age restriction was to provide a basis of department operation under which employes in the future, after the starting period, would be retired from the service and carried on the pension roll at age sixty-five with thirty years' service. In other words, under the present workings of the fund it will be merely a matter of a few years when the application of this

age limitation feature will bring about a condition under which all pension beneficiaries will have been in the company's service for not less than thirty years previous to their retirement on pension allowance; and will, in consequence, receive not less than thirty per centum of their average wages for the ten years next preceding such retirement.

be vested, also the return of membership deposits, together with a fixed rate of interest thereon, which at the present time is three and one-half per centum per annum. Fund regulations provide that no change shall be made in the rate of interest allowance on deposits without six months' previous notice to depositors, thus insuring against sudden fluctuations in the earnings power of saving.

Any employé of the company whose regular monthly wage compensation does not exceed $300 may become a depositor, upon making due application at any of the depositaries. No employé is, however, permitted to carry a balance in excess of $5,000, nor deposit more than $100 in any one month. Report of fund operations for year ending December 31, 1903, shows 9,494 depositors; deposits, $1,260,229.50;withdrawals, $7,961, 204.22; interest allowed depositors, at three and one-half per centum, $127,587.09, and balance of $4,010,116.88, equivalent to an average per capita credit balance of $420. On the date named there were 1,102 depositaries, located at station agencies most accessible to the employés, and of which the general clearing house is the company's treasury department.

Statistics for the period since establishment of the fund to the end of 1903 furnish the following results: Deposits


Interest allowed depositors. 1,058.676.97
Number of applications for de-
posit books,

20,133 Fully ninety-five per centum of the total amount on deposit is invested in first-class securities averaging an annual return of three and one-half per centum.



Mature deliberation, growing out of appeals made by employés identified with the service of the different divisions and branches of the Company for saving fund advantages, resulted in the creation of the "Pennsylvania Railroad Employés' Saving Fund,” as of January 2, 1888. The fund is conducted as separate department, in charge of a superintendent, under the supervision of a board of three trustees, the members of which are directors or officers of the railroad company.

Custodianship of all moneys and securities of the fund is vested in the company, which assumes responsibility for the proper return of all securities in which fund surplus may

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OFFICE IN CEDAR RAPIDS, Iowa.--Subscription $1.00 per year.
E. E. CLARK AND W. J. Maxwell, Managers, Cedar Rapids, Iowa.

W.N. Gates,(Advertising Agent, Garfield Building, Cleveland, O.

C. D. KELLOGG, AssociaTB.


THE NEW YEAR. The earth is getting old. Evidences are few people who could not with great of this are to be seen on every hand. good to themselves and to their fellowScience may never be able to tell the men inaugurate reforms in their habits age of the earth, but reasoning from of life, both as to acts and thinking what we know of its age to those features that would largely influence for the of it that are unknown is always a more better those with whom they come in or less interesting, if not fascinating contact. Many little evils grow on us occupation. We presume that making almost imperceptibly that soon become good resolutions on New Year's day, noticeable and disagreeable to others. dates back to an antiquity more remote Personal introspection and self critithan the fossil remains of the little cism are looked at very differently by crusty trilobite snugly imbeded at the different people and it must be adbottom of hundreds of feet of lime- mitted, with

very large degree of stone rock. It seems as if the beginning bias, usually. Criticism of others, is, of the year is a sort of particularly however, a full blown and full grown appropriate time to make some change plant in the flower garden of a very, in habits of life or start some reform in very large majority of people and it habits already acquired. Surely it is sometimes seems if it is looked after better to make such resolutions than with more care-nurtured with more not to make them at all, even though solicitude than


other character they are not kept. An old saying flora in the common possession of the has it that “Hell is paved with good mány. resolutions" and while neither ad- Perhaps these things appeal more mitting nor denying the truth of the particularly to us on account of being saying, certain it is that the thoughts members of a band of men united in a and feelings leading up to the point of business and social Brotherhood apart making them are indicative of a desire from, and in addition to, a more general or to rectify existing and previous methods universal Brotherhood. If we could all of wrong living, therefore

we would

write the faults we see in others, in the not discourage the practice or in- sands of the ocean beach at midnight at clination to make resolutions of reform- low tide, what a glorious achievement of ation in habits or modes of life, at the large and perfect Brotherhood it would beginning of the year. Probably there be. If this should be done in a literal


sense it might crowd the beach at times, getic and pushing president and other but metaphorically we can all do it officers they have, it is little wonder if we try. It will of course come much that

are able to chronicle their easier to some than others, but a large large measure of success. We somedegree of this metaphorical sand writing times think the Brothers do not give can be attained by constant and earnest their wives enough encouragement in practice. Each successful effort will their work, but hope we are mistaken make the next one come easier, until finally in this view. a contrary desire will be as foreign as And now while we look with pleasure the other one formerly was. So that in with gratification and with satisfaction the coming year let us all resolve to be at our success in the past year we are very kind to the faults of others and also mindful of those whose good council dwell with special pride upon their and example have been taken from us and virtues. There is often much charity left us richer in those basic qualities of in silence.

Brotherhood that make continually As an Order, also, it is well for us to for the upbuilding of humanity. We look back on the yearjust passed and note feel it but just to pay to them a loving what we have accomplished and what tribute of respect and keep green the we have avoided. We can reflect with

memory of their devotion to the duties satisfaction, that our Order has had a of home, citizenship and the Order. steady and healthy increase, which The memory of their faithfulness and augurs well for the future. Our in- truth should induce us to consecrate crease show's no mushroom growth but ourselves anew to the noble work they held a steady, substantial one which gives uppermost in their daily routine of life. us the best kind of hope and expectation We look with a good deal of hope to for future usefulness and standing in the New Year, because of the fact that the labor world. Our numerical in- the last one has been so successful and crease is perhaps not as large a feature for the further fact that this is the year of our prosperity as is the increased for the meeting of our Grand Division. estimation of our Order in the business These meetings are in the nature of mileand commercial world. It is evident stones in our life as an organization, we have pushed our endeavors along because they take up and into account right business lines and that careful any new feature or features of progress observance of the same policies in the that have been the outgrowth of new future will lead to continued successful policies or conditions that have come upbuilding of the Order as an Order and with the lapse of time. also as a business institution.

We con

tulate every member of We are glad to be able to say, also, the Order upon

the progress made that the Ladies Auxiliary to our Order during the past year and earnestly has enjoyed a steady healthy growth. urge you to go forward with renewed Taking into consideration the

determination, faith and vigor.



FIFTY-EIGHTH CONGRESS. The message is unusually long, con- and they extend from the Tsar's and taining about 18,000 words, and it seems Sultan's treatment of their subjects and to us that the criticisms and recommenda- the behavior of the South American Retions are only such as are entirely proper publics, to labor unions, trusts, railroads, to the President of so mighty a nation. Washington tenements, child labor,

In fact criticism and recommenda- immigration evils, political corruption, tion form the key-note of the message,

the law's delays, unrighteous peace, and



anti-imperialists' "intrigues." These ant than any legislation," however, “is are some of the subjects the President the gradual growth of a feeling of responbrings out in bold relief, and some of sibility and forbearance among capitalthe subjects that he does not touch on ists and wage-workers alike." The Buare, thereby brought quite prominently reau of Corporations, Congress is inbefore the country. That is to say, the formed, has been busy with investigaomissions are significant. The salient tions, and “will make a special report on features of the message may be summar- the beef industry.” The President exized as follows:

plains that the bureau's policy is one of The President expresses his belief "coöperation, not antagonism,” and says that the organization of labor is “often that it makes “constructive legislation, necessary” and often wise" and not destructive prosecution, the immed“among the most effective agents in iate object of its inquiries.” Congress working for good citizenship"; but he is promised “all facts except such as adds that when labor-unions seek “im- would give to another corporation inforproper ends," or use "improper means," mation which would injure the legitiall good citizens and public servants mate business of a competitor and "must oppose the wrongdoing as reso- destroy the incentive for individual lutely as they would oppose the wrong- superiority and thrift." The President doing of any great corporation," and "of suggests that the power of the bureau be course, any violence, brutality, or cor- extended to cover interstate transactions ruption should not for one moment be in insurancc. Railroad rebates are detolerated." He recommends

nounced, and Congress is asked to give ployers' liability law and urges the grant the Interstate Commerce Commission of medals of honor to heroes in indus- more power over the regulation of rates. trial life. The loss of life in railway In urging better housing and better wrecks is deplored, and legislation to school laws for the District of Columbia, prevent it by requiring the block-signal the President is led to remark at considsystem and regulating the employés' erable length upon the necessity of prohours of work is suggested. Efforts by viding for the welfare of the working unions of government employés to ex- classes and of discouraging industrial tort higher salaries by threatening Con- tendencies that are hostile to the home. gressmen with defeat are rebuked, and The good works of the Department of Congress is asked to pass remedial legis- Agriculture are related, the progress in lation,

A report from the Bureau of irrigation and forestry is reviewed, and Labor on the Colorado mining strike is the Indian, the postal service, and the promised, and the desirability of inves- consular service are considered. tigations of child labor, labor laws, etc., The retirement of the greenbacks is by the bureau is dwelt upon.

suggested, and elasticity is mentioned Turning from labor to capital, the as a desirable quality for our currency. President says that “it is an absurdity “Every silver dollar should be made by to expect to eliminate the abuses in great law redeemable in gold at the option of corporations by state action,” and de- the holder." clares that “the national Government “Encouragement of merchant alone can deal adequately” with them. marine by appropriate legislation" is "To try to deal with them in an intem- recommended to the “immediate attenperate, destructive, or demagogic spirit” tion" of Congress. would be futile or worse; the people must The President opposes the admission continue to show moderation, “and yet of immigrants “whose personal customs the quiet determination to proceed, step and habits are such that they tend to by step, without halt and without hurry, lower the level of the American wagein eliminating, or, at least, in minimizing, worker;" and he criticises present naturwhatever of mischief or of evil there is alization methods and urges “a comto interstate commerce in the conduct prehensive revision of the naturalizaof great corporations.” “More import- tion laws."


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A law directed against bribery and remarks that “such conduct is not only corruption in federal elections” is rec- unjust and irritating toward us, but it ommended, which shall also contain is difficult to see its wisdom from Rus"provisions for the publication not only

sia's standpoint." of the expenditures for nominations and The President “most earnestly” recelections of all candidates, but also of ommends "that there be no halt in the all contributions received and expenđi- work of upbuilding the American navy;" tures made by political committees.and points out that the army has been

The President deplores the delays in reduced to a minimum. criminal prosecutions, and criticises “a The Filipinos, he says, are at present system of procedure which has grown

“utterly incapable of existing in indeup in the federal courts and which

pendence at all or of building up a civiliamounts in effect to making the law easy zation of their own;" but he believes of enforcement against the man who has

that we can help them, and, he declares, no money, and difficult of enforcement,

“I most earnestly hope that in the end even to the point of sometimes securing they will be able to stand, if not entirely immunity, as regards the man who has

alone, yet in some such relation to the money."

United States as Cuba now stands." Appropriate legislation for the needs

He remarks that now it is better to give of Alaska is recommended.

them schools, good roads, railroads, In treating of our foreign policy, Presi

courts, etc., than political power. dent Roosevelt repeats his plea that the United States should be, in effect, the

Quite a large amount of space in the "just man armed," and notifies Con

message is devoted to labor, which is, of gress that he is negotiating arbitration

course, gratifying to the labor organizatreaties and will call another Hague

tions, and shows that the rights of the

laborer are bound to be looked after in peace conference.

He denies “that the United States feels any land hunger or

the future, and we feel sure the utter

ances of the President on labor will do entertains any projects as regards the

much to restore industrial peace in all other nations of the Western Hemis

directions. phere save such as are for their welfare;” but the adds that "chronic wrongdoing”

The President's declaration regarding or “impotence” may “ultimately re

the regulation of railroad rates will cause quire intervention

the biggest amount of comment of any After remarking that “ordinarily” it

one of his recommendations. Naturally, is better to concern ourselves with ills

the railroads will resent and resist to the at home than with those abroad, the

uttermost any governmental control President declares that “nevertheless

over their rates and it will not be surthere are occasional crimes committed prising to see the President and Senate on so vast a scale and of such peculiar

lock horns very emphatically on the rate horroras to make us doubt whetherit is not

question. It seems, also, quite evident our manifest duty to endeavor at least to

that the President has touched on a very show our disapproval of the deed and

common and sore evil and the large maour sympathy with those who have suf- jority of people will very likely side with fered by it.” As instances, he cites the

him in his endeavor to root it out. massacre of the Jews in Kishineff and It seems to us that the President's the outrages in Armenia. As for lynch- treatment of the Philippines is in acing in this country, he says, it “is never cordance with the best ideal of Amerimore than sporadic, so that individuals canism, and we hope and strongly beand not classes, are molested in their lieve that his declarations will fundamental rights." He complains that to be considered the settled doctrine of "it has proved very difficult to secure our people in dealing with the people from Russia the right for our Jewish of those far-off islands. It seems as if fellow citizens to receive passports and the anti-imperialists will from this on travel through Russian territory,” and be practically without a job.


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