The indicator., 1897-09-18
lions of dollars in New York and Lon.

! and only wants reliable security TO be
eager 10 cooperate with labor in de-
| vcloping any industry that can be
shown to he practicable and profitable.
Labor only needs organization and
| the help of this capital to be able to
produce, as show above, all the
wealth that can be desired or utilized.
To secure the capital that is neces-
sary on IL reasonable basis of compcn-
| sation and to organize all men and wo-
men who are willing to work TO the
best of their ability, So that they will
| have every possible benefit from their
| work, Mr.. Caryl has studied out the
| following plan and is willing TO do all
in his power to help carry it out. pro-
vided no better plan is ut once availa-
bic. He will incorporate the New Era
Union with S1O.GO0O0O capital stock in
| shares Of SO each 10 make them with
in the means of all who may desire TO
purchase them. The charter will ena-
BILE the New Era Union to organize and
operate every conceivable industry and
occupation that will be desirable and
useful to its members.
| To secure whatever capital may he
necessary besides that secured from the
sale of its capital stock, the New Era
| Union will issue first mortgage bonds
secured by lien upon all It's assets. pay
able In gold in twenty-five years, bear.
| ing q per cent annual interest.
! Departments will then he formed to
produces and provide every conceivable
| thing that Is useful and desirable.
To enable the workers to he sure of
a reasonable compensation according to
the value of their services they will be
organized into seven degrees Of mem
bership and he paid rs follows:
| First degrce-tommO crude labor of
all kinds, 81 per day of eight hours
| work
| Second dcgree-N1ore useful labor of
all kinds. 81 per day Of eight hours
work.
Third degrees Skilled labor of all
kinds. 81 per day of eight hours work.
| Fourth degrce-Exprrt labor teach
ers. professions. forcmpu, etc. SO per
day of eight hours work.
| Fifth dcgrcc-Specially valuable ser
vices. superntendrnts, etc. SO per day
of eight hours work.
Sixth dcgrce-Still more valuable ser
vices of all kinds and managers, Sl1
per day of eight hours work
Seventh dcgree-The most valuable
services of all executive officers, SO per
day of eight hours work.
The workers in the New Era Union
will he required TO assist in accumu-
la,ins as much wealth rs possible by
the union. to enable ii To increase its
opportunities to other workers. and also
| To provide its members with every pos
! siblc advantage that accumulated
wealth can give. Hence each person
working for the New Era Union will
| l,c required to purchase Il membership
in the New Era Union.
The memberships will cost the
amount that each member would earn
in 800 working days in the degree they
are qualified tn work to the best ad-
vantage. and If they have no money or
assets needed by the New Era Union,
when they go into it. they will be re-
Uuired 10 invest one-fourth of their in
come until it is paid for.
! The investments for memberships
will be made in the first mortgage
bonds of the New Era Union. bearing
| q per cent. annually. interest payable
| in gold in TWENTY-FIVE years. so that
each member will receive back for
| themselves or their heirs all that their
membership costs. with per cent. III
tpreSt.
10 enable the New Era Union to
maintain this system of compensation
regardless of the wages paid by com
retitive companies. tile members will be
paid in checks that must lie redeemed
by the New Era Union for everything
needed by the member, any surplus not
required for immediate use to be in
vested In the bonds payable in gold,
that is really equivalent 10 the members
being paid in full in gold. except that
the checks require that each member
purchase the supplies produced by 9th
cr members on the same basis of com
pcnsation.
The members of each degree will he
long to councils. to meet at stated
times for conference and enactment of
needed measures. subject to the approv
nj of the next highest council. and the
board of directors elected by the stock
holders.
AS soon as possible the New Era
Union will secure promising gold mines
and put its members 10 work producing
aS large an amount of gold as possible.
Also a ccal mining department. for
minin" coal on II large scn;c. Also n
building deparimont. to build homes.
factories and public buildings. Also all
kinds of factories to produce everything
needed hy the members.
Mr.. Caryl will rndcnvor to enlist III
trrcSt among Colorado people during
the next three weeks: and if he has a
certain amount of encouragement from
Colorado people. he feels thar the plan
will take readily. and he may he en-
ahlcd 10 enlist capital without much
trouble.