The firm have made special arrangements with a number of life insurance companies whereby the workmen can, if they choose, insure their lives at low rates. They have formed a Life Insurance Union, and endowed it with a reserve fund of three thousand pounds, from which aid is given to members needing assistance to pay their premiums. An important institution in Essen is the great Central Supply Store, established and owned by the firm, where articles of every description--bread, meat, and other provisions, clothing, furniture, &c.--are sold on a rigidly cash system at cost price. Connected with the Central Store are twenty-seven branch shops, in positions convenient for the workpeople, placing the advantages of the system within the easy reach of all.
The original name, 'Frederick Krupp,' has been retained through all vicissitudes of fortune as the business title of the firm. The small dwelling in which Alfred Krupp was born is still standing, in the midst of the huge workshops that have grown up around it, and is preserved with the greatest care. At his expense, photographs of it were distributed among his workmen, each copy bearing the following inscription, dated Essen, February 1873: 'Fifty years ago, this primitive dwelling was the abode of my parents. I hope that no one of our labourers may ever know such struggles as have been required for the establishment of these works. Twenty-five years ago that success was still doubtful which has at length--gradually, yet wonderfully--rewarded the exertions, fidelity, and perseverance of the past. May this example encourage others who are in difficulties! May it increase respect for small houses, and sympathy for the larger sorrows they too often contain. The object of labour should be the common weal. If work bring blessing, then is labour prayer. May every one in our community, from the highest to the lowest, thoughtfully and wisely strive to secure and build his prosperity on this principle! When this is done, then will my greatest desire be realised.'
Germany has become a formidable competitor to Great Britain in the iron and steel trade, and German steel rails, girders, and wire come in freely to this country. From reports we learn that Great Britain produced in 1882 8-1/2 million tons of iron and 5 million tons of finished iron and steel, while the production of Germany was then less than 3-1/2 and 2-1/2 million tons respectively. English production had fallen to 7-1/2 million tons of iron and 4 million tons of finished iron and steel in 1895, while Germany had risen to 5 million tons and 6 million tons respectively.