The union subsequently announced that the company had agreed to prepay for hotels when it was necessary for teachers to stay in them for one or two nights.
His idea was to take a nickel a day out of each man's paycheck to prepay for that man's future medical treatments, should an injury occur while he was working.
As an additional measure, and as a forerunner to fire insurance, rich merchants would prepay wood retailers for the materials needed for building a house.