Profit sharing, as defined by Mr. Carroll D. Wright, is the term that “may be applied to any arrangement whereby labor is rewarded in addition to its wages, or in lieu of wages, by participation in the profits of the business in which it is employed. Benefits of various kinds—as insurance, schools, libraries, and beautiful surroundings, so far as maintained by employers out of their profits and enjoyed by employees as an addition to what their wages would purchase—would have to be regarded, in a strict analysis, as an indirect form of profit sharing.”[311] Mr. Nicholas Payne Gilman defines it as “the method of rewarding labor by assigning it a share in the realized profits of business in addition to wages.”[312] Mr. D. F. Schloss considers it “an arrangement under which an employer agrees with his employees that they shall receive, in partial remuneration of their labor, and in addition to their ordinary wages, a share, fixed beforehand, in the profits of his business.”[313] The International Congress on Profit Sharing, held in Paris, in 1889, declared it to be “a voluntary agreement, by virtue of which an employee receives a share, fixed beforehand, in the profits of an undertaking.” The history of profit sharing is short, and can easily be recalled. It began in 1842 with the _Maison Leclaire_ in Paris, and has been subsequently introduced into many business houses in France and Switzerland, countries where the economic conditions lend themselves readily to its progress. Its adoption in Germany has been less extensive, while the English industrial system has hitherto seemed hostile to it, although Mr. D. F. Schloss in his recent Report claims that a larger number of experiments in profit sharing have been made in England than in any other country. Probably about one fourth of the business establishments conducted on this principle are found in the United States.