The weekly herald. [volume] (Cleveland, Tenn.) 1876-1888, 1877-08-23

.onsiderate employer to Give.
Methods OF graduated compensation similar 10
his have been adopted 10 Europe, In this country,
in our own State. and my Information u that
IN no single instance have lOck-Outs or strikes 90
,urrei IN any industrial establishment Wnete
My judgment, therefore. 10 that thel1
application in The management OF our railway
and other great Industrial Investments wound be
attended with like satisfaotory results.
These opinions are neither new nor lasuly
Whether capital can be persuaded
10 adopt them the future Will deter
mine. have heretofore expressed my
confidence m their correctness and practical
efficiency, and now repeat that II l. as manager OF
q cOlhery or railroad line, had the power 70 try
the experiment ] would test the principle win O
The highest considerations OF interest ana seeu-
rity. impel to itA adoption by tho managers OF these
great Industries. The employe being interested In
augmenung receipts would have the strongest mo-
tive TO prevent whatever was calculated TO defeat
these results. Instead " the discontented strlk.
er. he becomes the ~yiRilant guardian and lo5al
ed 10 his charge.
But does tins concern the publlci Most deeply.
Industrial enterprise has converted the noble
cities which dot our State from the Ohio 10 the
CuyahOga into mafts OF manufacture, dependent
for their supplies OF fuel upon the products OF ths
mine and the facilities OF railway transportation
Lot combined and concerted revolt nom scranton
10 Lawrenceburg interrupt these supplies at a
critical j~uncture, even for a brief period, and i'm
AgtnntiOn fails TO fathom tho suffering attendant
upon the resulting coal famine. neinternal com
merce OF the continent 10 dependent ON our
grand system OF railways. On the mutclth
Of railway labor the mighty products OF the
Nations industry are borne tot market. lot
this refuse the burden, even for a little while, ana
the country is paralYzed. A more efficient con
~sorvator OF social order than armed police, a more
inexpensive and less dangerous protector OF pub
lie safety than military force, are contented en-
ployment and bread. Let these be secured by the
appliances OF peace, and the growing cloud OF
peril, at first scarce larger than a mnu's hand,
rather than be permitted to develop into the hur.
ricane OF destruction, may yet be dlspelled, ana
the danger OF military government and n standing
army be ayerted. II does concern the public
deeply, profoundly.
ii was because OF this concern that the Cleve-
land Convention took action on the subject, and
brought It prominently forward for discussion; II
was unwilling that the public mlnd, aroused oy
recent events 10 a sense OF the magnitude and
great importance OF the question, should relapse
iniO repose wltAekf recommending the creation OF
a tribunal commissioned 10 search out the causes
OF these events, and suggest peaceful methods for
their removal To this end II eoOmmende the
creation OF a National Bureau OF Industry, IN or
der that labor, whose interests are iuBeparBbly
linked to the common welfare, may be brought
into closer and more sympathetic relations 70
the Government. Hitherto tho great Interests OF
agriculture. manufacture and nave had
their channels VI access 10 governmental sym
patty. II Is now PROPOSED that LABOR snail nave
the like consideration. The functions OF the bu-
reau win be matter Of legislative detail, 70 be
nodded and enlarged ae circumstances shall de-
mand. Charged as It doubtless will he with the
duty of collecting the statistics and experiences Of
the labor problem in this and other countries, and
disseminating their lessons to the building up OF
correct knowledge aud the formation OF an en-
ligbtened public sentiment In regard 10 the opera
tiOns OF our industries, II can be made powerfully
instrumental through these in the repression
OF discomfort, without turbulence on the one hand,
or the employment OF force on the other. / am un-
willing to believe that American labor is ineapa-
BILE OF being influenced by considerations OF rea-
son and justice-that II can only be controlled by
the law Of force. With capital. or the investment
OF capital, IL has no cOnfhct-can have none. Satisfy
II by TeliaOleinfOrmatiOn that It's condition results
from causes and circumstances mcapableOf being
controlled, ana Is the best that these circumstances
can reasonably afford, and IL will acquiesce In the
situation. II, on the other hand, its condition re.
suit from causes which may be controlled, ana
is not such "a reasonably might ana ought
to be made; VI IL arises, as is sometimes the case
IN the operation Of our great rHilway system, from
profhgate Acknowledgement, from the reduction OF
income by reckless competition, from the a05orp'
ton OF earnings by eXtrayagant official salaries,
from illiberal restrictions or oppressive commercial
Sn4u.isyis 10 the capital invested and the labor It
emplOys, lot a just minded and generous people
become satisfied Of these facts-satisfed that their
highest interests are endangered, that their
material prosperity Is jeopardized, and their
institutions imperiled by the existence and
operation OF such causes, and the in.
opinion will compel their correction; will prevent
turbulence by depressing these causes OF discon.
tent; will not await its outbreak to be beaten down
by arms. To the formation and enlightenment Oi
such opinion, and in the suggestion Of peaceful
methods for the correction OF evils. the bureau can
be made an efficient instrumentality, TIE method
OF compensation / have ventured 10 suggest may
or may not be approved; II will not,
IL one better be brought forward. Be this
az il may, the mighty interests involved can not
afford TO be Indifferent. Labor can not afford il;
capital can not afford 1t; social order and public
liberty can not afford It,. know the hazard OF
venturing upon the untried. Conservatism sits
still or moves in old rutB and is content. Progress
rises TO the height Of new occasions. Republican
ism is progress, ever struggling TO advance mankind
10 places OF higher development and security. To
this end, not to endanger. but TO secure; not to
change, but TO protecti not TO blend, but to har.
monize the rights OF labor and the rights of capita
on the basis OF impartial Justice to both, II now
grapples with tho great issue growing out Of their
collisions, and seeks by peaceful methods 10 pro
vide against their recurrence.
Labor and capital, neither OF which can prosper
unless nourished and fed by the other, shall they
be enemies and not friendsR 1t is most unnatural.
AS 20 Republicanism was given tue honor o.. lifting
capital and labor to the common plane OF Impair
tial freedom and universal manhood, so may TO II
be given the honor Of Witnessing these twin
c~Oursers, harDessed TO the car Of Progress, their
ensign not OF Communism but of Concord, bearing
the emblem not OF CToss-swOrds but of clenched
hands, together mount TO the higher plane Of i'm
partial justice and mutual prosperity, where,
while capital receives Its remuneration, labor
shall not be denied its just reward.
CURRENCY AND RESUMPTION.
Closely allied to our commercial and Industrial
interests, and upon which they largely depend, is
the su biect OF currency and specie resumption,
ton OF the National platform, that the Govern
ment having assumed TO remove any doubts oil
It's purpose to discharge all just obligations TO pub.
lie creditors, and solemnly pledged its faith ia
make provision at the earliest practical period for
the redemption OF United States notes In coin,
commercial prosperity, public morals, and Nation.
al credit demand that this promise be fulfilled by
a continuous and steady progress TO specie pay
ments."
TO this declaration the Republican party. not
only OF Ohio, but of the Nation, stands commit.
ted. It must be fulfilled. The war debt OF the
Nation Ia q legacy only less scored than the sol
dier's pension; He VINO IN the dark GAYS OF his
c~Ountry's peril risked bis fortune In It's defense,
trusting for reimbursement TO the chances OF the
military chess board, merits the obligation OF
gratitude second only to him who imported life.
It is alike the debt OF honor and stipulation. The
Government having originally pledged reimburse.
ment in coin, public credit, the National faith, can
not afford to disbonor the obligation.
The desire to equalize the values and purchasing
power OF the coin and paper dollar 10 practically
universal. All financial theories and political par
ties profess TO have this object IN view. The sub.
stantial difference between them Is IN the time
and method OF reaching II, When they shall be-
come lntercOnvertlble at pleasure, the desired re-
suit will have been accomplished. How shall this
he brought about with the least possible detriment
to existing rights ana interested
In considering any method, the v9riOuH inter
ests involved must be kept steadily IN view, The
money Of is the measure of values. All
indebtedness is contracted with a reference TO the
kind OF money which az the time Is the measure OF
value. and IN which payment is expected TO be
made. Values may change, the purchasing power
of current money may enhance or deprocinte, but
Indebtedness once contracted is unHlteTn6Ie; the
stipulated number OF dollars will be required TO
discharge IL, whether the value Of the dollar be
augmented or diminished. Is AUGMENTATION
tends to iniuriously affect the debtor, because
more labor or more merchandise VIII be required
TO procure IL than when the debt was contracted;
its depreciation tends TO injBriously Affect the
creditor, because he VIII be compelled to receive
payment IN money OF less purchasing power than
that with reference to which the obligation was