The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-08-05
LABOR HTRTNG CaPITlL.



OF Industrial Operation.
To THE EDITOR OF THE SUN-lSr. In tho
present outpourng OF words and opinions on
the labor question" has the following formula
yet been suggcstcd2 Given. "a state oil society
where capital hires labor. to bring about sata
OF society where labor shall hire capital"
Every one knows that profits are divided boz
tween wages. rent. and interest. 1t is evident
that nothing can be added TO wages except by
deducting from interest. the amount OF profits
being presumed TO remain the same. We may,
for the sake Of simplicity set aside rent. But
the addition OF interest to wages does not in
crease the wage fund; it does or would simply
increase the income Of the recipient OF the fund
the latorcr. Such increase however. is all
that is desired; and such II double source Of
income. salary FOR work done and interest on
capital invested constitutes. in fact the supo-
rlority of the pecuniary position OF most OF tho
upper classes OF iaporrrs.
believe that on tils point. Us on most others.
Mr. Beechcrs diium CONCERNING the right u
sup ,rIor menCllty 10 hi-h'r wages + tho
m"r ~ twatdir. Ia" most cum n drained saw
a.; probably from The beginning succeeded IN
E"ittn- tue largest shurc ol IN slIoHs. hut there
War no divine rEnt IA the ia T't - ol his sd
p"rur M MIA. ~. II ~ another thn+. how
ever. to- sAs tAt work inNOiN.n- rdu wtluu M
plies TIE investment oi raIlNu mat ~ rutlucd
Ia boar interest. rms inter II il now pad.
wncn ~ nli under tn, form ot IN reused sll-
aries or wit..-s. II II "A misfortune. however,
that tAr duupic origin of the wa--s iur sailed
.ator shou.d thus pc lo.t sight oi. Tor W. thereby
iaii into SUCCESSION ot errors. Not tnr least
import 1T ls tint Wnlcn "suiulls les dStn Ions
tween different degrees OF Ernt.ity Of
work: whereas the most iun lam"ntAl CO.. trnS
Is ani slpuih b". tAHt M WORK necessary TO LAO
community is equally honorthir. ANA should,
So lar as Wages - con rintu To- r"Wnl"n~i
equally. 49, or M 10 IN time einl4H"i. but
c.,-n wurknian should have "A chDne for a
thrr"i"id I'onp-nst OF dN SOU col irolis.
areor an. o. - tiuf ru, plpy u u.- rHl. tliI N
H.. .
d .u.lud mercy lDr higher Wu-'r tn.l-tutfO
pslp. iiit,. iit 4-uuAril tIr .ruuIi.ou- ui 10
itnifiurlut. ami never Hln Poe GA ur 90 l,rrf.a-
nrut.} eN'fit "a rnroi two ways, hy atiuluuuun
ir the nnlnUer "i 'n'urrrs IN pr"p0ii .on 'tae
M1rh Co. n. done. ut 10y uu pa 'rNa-r go o.. lro-
ui tn ial"rrr Ia tI"frirHl ~ r'nu Dr.. ui" me.
SIN" interest or uNlu'ndr az" suul .i~ "i tu IT
'r'"s" ~ iil l'Hti iiir S"iir rio "s wages. Inc
rcu " effective re orn would leave Nasos On
TN unsis oil drmund ahG sunny and 20. uHe
employed. Tut " 'tLd .Aurt that the SUMS now
often pad durinS prosperous Tunes 100 ilr lufm
81 higher Wages hhNu'i To- pad IN IL ior'n ot
interest. Inrrr nusn times " tuld tnDu t.nd
always Ia carry the lhnorcfs t. IA nlgurr l"Vrl.
bc au-e they wouid thus OiLun "a permanent
STAR. ~ IN, property invested M Inc rnt,rpr -
ard scare HrptIcr source OF IA -oin' ttun ths
primitive on oi WAGES. 1hls j. rurcN ur'Om-
pushed, O'caus' Prosperous tunes are those 10
~hirh IN" amour; oi wors done - ia r. used.
TIE enrt II IA" same a- II Inc nun h'f 90 IA
10 rrrs WIS am si,'1 mn ne. "u No pr.mi-
u,r bass OF demand and supply. ullrr
Wages may Dee cHafcd and ar H'ro rdcd Ihe
Transaction II mude, not IA TIA" rauo OF ine pro-
Ills OF the "uterpr rc ia WA. u tne laiur,r II r;-
tuallN rn,,a.-rd, but lu the IuiiO of thc number
OF otncr INT rpriscs in wutri he might NuI cm-
pioymrnt II he chose. Hence the constant dls-
party between the advantage, rcapcd iEom
hlg.h profits 10y The iauorer an uy IT," cAp uiist;
hence. Also. tnn d.sproportl uuai. sun'r.n- Of
the Ahorer during lpw profits. II = ru.s % mo
theorrtl really imlpes lpir that inIh disparity and
this sufrilg snuuld ever rrise. ~ rit u- iue
lunurer c"Hs 10 ho NfiuslN~lyA labor r. aud
becomes himN "a pruprIctnrto a GrcH.rr - Loss
vAt'nt "a Mhdr',T enterprise hr mt} 'r ne
-es'd. II IL only IA tu.7 Nay that nc an 90
h'hriit a br II" IN f"nt a. r. ia '- ui sui'ty.
wnl'n an pr'r 'ut OF n confront ms permanent
"a not increasing misery.
Su"l e,sl 'n oi snar'S. fnhituaiiv accorded
lu aiuiu'h 80 Nlg'r may h". ,on"riv"niy, NJ
tanned g., one r inrrr wl'-. CONQUEST inr-
cii~ @ cuil.7--. 800. lnt llrnir lH, ll curse,
no move ty uu % 4i4ull ..ul.. hrnoN, II has ne
been c,rt4cd out m large ON. rprlsos. such { \
rulrnHus and iu.torlcS. / uo not mention
here lNrtH' ,A,'' OF d.s usslng ds pr'.'ti.al ii
~ .'Nl'u- ~ ".'''s 'f Consequences, 'ut Tor
on"cors'doutwn further. II eapta repre-
labor o' IN" iullr'. Ii Is con coed t.i.d 1900 ndi-
y Iuoi may borrow rtpii.u he DO uut uO-S'ss.
ia "ri q !" in'kr svhr "il"r p'.pir b. r"h
~ ~iiiIl 900 Hrrr.rr go Nrl"l .fr 'r.fI-,'l us
'ruil may d. lar'' enough Ia c0fNr ID. lnIn.
and II ni- rr!lls rnahl' hIm t. lny in.- ~
H.ru :. al g., tlr Wnrh done. u..i ...u. rlY
liiH'ii in "''!li ln Goo the wa.;' ol aI.
II llr rit'4lirrr hr ON tlu large s..iI'i rD
covered p amy individual rrllt. in. iii' r.
can only i"i t} ur-In. ...n, rt'.N H.. IHay.
""o@r i"ri..'r- j. ''tnr "Nn'rr NO
vl ti ."'7 -" '.' .Hl'4 r,.,i % "a
'I 'i' ", I1' iail i.-n.l' r.
- 'i" obj IN W'-'. aiu -.I.r..I lN'. Dr. r.
o." n'tor rapr.- .uUu.. BIS D'eIt NHI O.r,
a. as ''-." .i'' '- '1"r"rt o ,a,.t,. N.*3
iHr ID.ro.lA -ur,...ut,. U-.u.. .a.r
D. 'Jr tHi Il. uiii .l.i.t, .ui-. .te
1i'. .ns' i"a tlrr,ln ~. 'i..llol. ''oss
lu"wH'i ives hni l..l' ih rl.r"n I",
t'' ~ ~ g. N'r 'i "i ir 'iA-.i .N .'r.