Book Description

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1902 edition. Excerpt: ... doubt think. Undoubtedly it is. Now, let us turn our attention for a few minutes to the other side of the picture--that of the young man. Well, let, us suppose he is only thirty /ears of age and has been in service five years. Very well, he has to live twenty-five year? before he can retire on account of term of service (thirty years). He is now but fifty-five years of age, and if he so elects, can retire on account of thirty years' service. During the twenty-five years he has paid in on a $500 certificate the sum of $2,010, and by complying with the constitutional requirements, at this time he would receive $500 a year as long as he lived, and he is now only fifty-five. This also in addition to being insured for a sum per year graded according to his term of service, as previously et forth, in case accident ir disease should render hfm tinable to perform his own or other remunerative occupation, and the certainty. in case of his death, of his beneficiaries receiving whatever, in the judgment of the board of directors, the treasury permit, but in no case to exceed 50 per cent of amount of premiums paid in. After a careful consideration of the subject in all its phases, I am led to the conclusion that it is a very nice prospect for the man of thirty to-day, far more advantageous to him than the man of fifty-five or over, and in either case, advantageous to both, 'the Constitution, which you have all no doubt read and given careful consideration thereto, deals very explicitly with the personal powers and mode of selection of its officers, as well as with their duties and compensation. I am one of those who have always maintained that the laborer is worthy of his hire, and that, therefore, the question of compensation should not stand...