Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1872-11-01
CAPITAL N 3
or Massachusetts.

AND
Considerable has been written aud
said vt viriou. times by various peo-
pie abmht the sntayoui.m supposed or
stated To exist between capital ind
labor. yet thut autaynnism We have
never .eeu fully or fairly analyze'i.
Is there really ANY ant ,gouism? We
call l, into question. Mutual Interest
demands that labor mus: he perform
ell. aud that c pital must pay for 1t.
Llbor NUT aud will DO allowed Its
equivalent. Yet In this labor does not
seek to be aggressive. As long rs cap
ital allows q islr price or equivalent
for services honestly performed. labor
4 satisfied. 1t Is true that Oft times
extra meritorious labor, skilled artis-
tic effort demands, and by the might OF
right receives, extraordinary CO mPen-
sation, even to beyond the extent Of
what capital Is willing to allow, yet
the higher law Of compensation regu-
lates even this. True merit will COM
nlsnd its price the world over. Capt.
tai Is power, yet capital proposes and
labor disposes. Wherever labor con-
siders capital too aggressive. It COM
bines against It and regulates matters.
Thus we see trades unions and mutual
benefit labor combinations found all
over the world, and successful to a
more II less extent In defense Of the
rights and immunities Of labor. When
labor strikes are inaugurated, both cap
ital and labor suffer for the time, yet
the result Is generally beneficial to
both. The law Of supply aud demand
has to be complied with.
We read OF the starving millions Of
Europe. yet the cases of actual death
from starvation recorded are exceed
ingly few, and indeed almost never ex-
listing In fact, under ordinary circum-
stances. The English Or the French
people do not let their neighbors
starve. They are not barbarlsns in
that respect any more than we Ameri-
cans are. During the last few months
the Labor and Trades Unions Of Eng
land especially, have inaugurated
strikes for better wages and more feas-
ible and satisfactory hours OF work.
Generally they have succeeded, the
exceptions being where capital was
moi able to comply. but a better under.
standing has been established. rebound
ing to tho benefit Of both. Here Ia
tho land OF WaShoe. for instance. Ia
Dor and capital have come to 4 mutual
understanding just in that way. labor
taking the initiative In 80 doing. La
Dor has liked It's compensation, aud re-
CARELESS of what the production Of the
mines may he. It IN iintains it, regular
fixed price. and capital has TO furnish
the desired coin compensation. In
this matter OF capital. however, let II
be understood that Temporary capltai
l. not what the hopes aud support o.
labor Is hiSed upon. The Speculative
man or the world or circumstance.
who is rich tn-,lay aud poor to-in"r-
row. il ant whit IN. true interests of
labor d-inund. Labor mu-t uecrsSa
rliy nave It. reliable source of >npniy
y II equivalent for service performed.
rniS mus, h. perfectly regular to h-
satisfactory. true. long rStahii-he,l.
thoroughly r.liah'e cauirsI /. what the
nrc' S-itie- ri !rhrr n'lui"r II l. -uc''
cl ;,irll whi.'h Quill. our r%ai!rui.
makes Sut,si ;.,tia, public Improve
mrnt.. i,d ,!e>r:n.> the TRUE Interests |
OF the coIItry at large. 1t is >lich
which fo.t-:s And encourage,
the Interests at labor, while riyhtfuily |
also seeking IL. own Interests. and mu.
tual benefit Is the result. Labor An
not afford to ignore aud injure It's own
vital interests by lndorSins or support.
ing any adyenturer who accidentally
happens to BE- In possession Of wealth.
suddenly acquired, perhaps by illegis-
innate means, and whose status even
as a capitalist. Is not OF the permanent.
S satisfactory kind. Long and we'll es-
tablished. enterprising capital, Is what
the true interests Of labor demand, and
the interest Is mutual.