Says profits should be distributed in pay envelopes. Washington, D.C., Dec. 7. H.J. Tily, president of the Strawbridge and Clothier Co., of Philadelphia, who told the Senate Committee Investigating Profit Sharing that the only practical system of profit sharing lay in 'a fat pay envelope.' He attack

Profit sharing systems gives business 'pick' of labor senate told. Washington, D.C., Nov. 30. Profit sharing systems enabled corporations to obtain the 'pick' of labor, F.J. Moss, president of a Kansas City Sash and Door Co. today told a Senate Finance Subcommittee. He gave as his opinion that indus

Pennsy VP before Senate Rail Inquiry. Washington, D.C., Dec. 21. After hearing Chairman Wheeler of the Senate Inquiry charge the Pennsylvania Railroad with violating ICC decisions and concealing facts from stockholders in purchasing railroad stocks from 1925 to 1928,. County Financial Vice Presi

Oil executive predicts suffocated marketing competition if Gillette bill is passed. Washington, D.C., April 21. Testifying before the Senate Judiciary Committee today, J. Howard Pew, President of the Sun Oil Co., declared that passage of the Gillette Bill prohibiting marketing of petroleum products

General Electric head 'hopes' profit sharing with employees is 'good business.' Washington, D.C., Nov. 28. Gerard Swope, President of General Electric Co., appearing before a Senate Subcommittee studying profit sharing plans today said he believed the government must adopt some form of incentive tax

Princeton professor says tax program would cost more than it would yield. Washington, D.C., Feb. 7. Harley L. Lutz, Professor of Public Finance at Princeton University, told a Special Tax Committee on Senators that the administrations proposed Reciprocal Tax Program would cost more than it would tak

Profit sharing plan must be 'extra' to wages, senate committee told. Washington, D.C., Nov. 21. Richard R. Deupree, President of Proctor and Gamble Co., Cincinnati, Ohio, today told the Senate Finance Subcommittee that his firm's profit-sharing system has exercised important influences in maintainin

Companies report 11 percent decline in employment. Washington, D.C., Jan. 20. Colby M. Chester, Chairman of the National Association of Manufacturers, today told the Senate Unemployment and Relief Committee that 40 typical companies have reported a decline of 11 percent in employment. He also told t

A.T. & T. executive opposes profit sharing. Washington, D.C., Dec. 13. Appearing before the Senate Finance Subcommittee today, Charles P. Cooper, Vice President of A.T. & T., declared its opposition to profit sharing as national policy and condemned incentive taxation as 'unsold,' 12-13-38