New-York tribune., 1877-08-03

NECESSITY OF CDMrEIItSG EAIEKOAD EMPLOY ES 70
HAVE 4 MONlYED INTEREST ~ Tile ROADS THE
COMPANIES SHOULD THROW oPnN IrEE BooSs.
To the Edttor Of The TrtbRHe.
SIR: \ correspondent Of Tho Boston zdrertisa'
recalls The fact that in the OH sage-coach days when
large sums and packages OF large value sent by
these conveyances, tnc owners of various lines CON
ue,,cd with Boston refused to employ drivers VINO
did not own stock in the Company, and suggests that
if this rule 1erc extended % the employ6s on The
railroads. there would be quite different feeling
amongst them aud that they would be very far from
allowln., the Companys property to be destroyed.
Long before this strike was thought Of, President
Gov,en of the Reading RAILROAD maie strong effort
10 induce the employees of that Company to put their
savings into the Company securities. This prop
ositon met the intensely bitter opposition of the
Trades unions and those who controlled chem. These
last saw that the moment the interests of employers
and employed became identihed iheir position be-
came impossible, for the simple reason that they,
that is Arthur and such others, live by the ami
mosiiies they foster. They ettectually checked Mr
Gowel's plans then. but IN the future they may be
les, able for take il that the future refusal OF all
railway companies to employ persons affiliated with
trade, unions, is foregoue conclusion. The lesson
OF the present disturbance is plain enough our rail-
road companies vii have to identify The interests OF
invest "A fixed percentage OF their earnings in Sc
curites of the company specially issued for the pur
pose and not transferable. That employees afford
10 invest part OF their earnings in this way, evil
deut for is it not railway employees, JOurncyman
mechanics and laDcreIs who contribute nlne-IcHths
or the support afforded to the hundreds OF thousands
of drinking SHOPS that exist IN the United states
Inc ,utus tnus spent would form the foundation Of
a competence. Let the companies require that no
one eInpoycd by them shall belong 30 a Union, Jet
them dismiss every man seen 10 eDt rd-nIl, and
lei II be imperative that ton per cent of all wages
shall be invested IN the stock of the company en-
ploying then and there viii be no more conflict Of
employers and employed Iet the railroad COM
uallies also remember shat the public has 10 reckon
with them, - we'll with tie strikers. Their I'M
salts factory account habitual retcence, to refusal
of influence to st0CkhUldcTs, and the arsiOcIdtlc
couT,e OF certain Presidents have created every
where a sinister Impression. The London fCOHOgtist
has xpressed the opinion of English investors that
unUl there is total change in these respects, al rail-
road investments IN America must be discouraged
In is most undoubtedly True that American stock
holders have been tern bly, injured by tins mlsInan-
aeeuent. Jhey have submitted ia that silent way.
which is 80 characteristic OF Americans and 80 nntOr
tupate The Englishnan who grow Is and makes all
the world listen when ne Is injured is much moro
useful member Of society than our silent stole. who
submits TO irnpositions and endcayOrs 10 make the
best of them uneomplainingy. Is 1t not time for
strike among - - ohAAEAoLDLIs.