New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-10-09

| into relatively fewer hands. but would have bee"
| wealth the total o, which the millions brought
| into sight would have constituted but moderate
Le, US consider the path by which 'hsse lsrss
| much hated. position. shall bring in few illns.
tratons drawn only from those who have Worihiy
the theme They viii certainty refne the s!aiemen:
NO man can acquire $1,000, in Ions lifetime
unless he does il b. robbery" s ,,arc-.o,os
invented machinery FOR spinning cotton VIM" mn
period Of twenty-five years the pr9duc, OF , ome
spindle in Great Britain had n1reased ron aoT ho
$1,000 pounds per annum to $1,000 p0n iaiion ne
doubled. me annual output had been multiplied
! ~ eight. the cost OF spinning per pound had
ings OF operators for thu same number OF hours
! had substantially increased 1t IL inpossioe 10
| any money reward be named which would nave
been an ;0r rhGr discovered
| which so improved the culture Of these ANNA
fatted was raised from =" pounds 10 - ',
pounds while the fleece OF the sheep was increas'i
Within the personal recollection OF many iicre
steei which reduced the cost OF that article from
so. ton to $50 a ton IN brief period OF 'ime,
estimated that within period OF forty years he
saved the world the enormous sum OF ~
Vanderbilt rose from poverty and died .eavins 10
his heirs railroad securities and other property 10
the value OF 100000 He drew It not from me
dnairy tHor resting in he hands OF thu people 1t
was his portion Of ST his superior
genius energy and COURAGE. the much larger snare
consider This: BY improvements in construction
ana management the freight rates OF tns New"
| York Central Railroad have declined ",'hlI .. d
reriod Of thirty wears from average OF 81 cents
per ton mile 10 an average or yea" Ihi' t',tv re-,
mated that if the freight rates OF thirty years ago
were now current the producers ana consun.'n %
600 900 more per annum for tn" transportation OF
|
which telegraph messases couil o" se1 III me
p mn The ysiue Of this method qua TO the
OF one-half Of al ts.esrapn VIZ Mad. one
wire as effective Two would oiherire 9e b, H GG
dreds Of thousands. Il not millions 49,. -, .Ao,-
surely tn, men or group OF men who can 10y in ri
entitled TO portion 81 what they thus - ,Nt@ ~
the general eooe They =, are ,I'c cheap al "''
@G Bes soGle V4Hderblt ana Edison sand as
rsnTeseR ps%d hro a1i n 1s and od 10 soc
terms mos, advantageous to BON tne nd'e' Yo,iC
his: That It Was all matter OF free exehansr o.
perfect lbertf There was no r.acscd large
rewards by producing things OF hlrs IKE
value Which The TnrKe TO Teseh the result
Thev also Fought forward. after years OF thonght
a se m ,rkct woud not buy T9i also was eery
which society. with due regard 20 us Owl ''''''S'
had tn. free right TO exercise.
1ABoR's SHARE INCREASING.
n, the other aide Of the question. T. may be
osted n We admit the great economies brought In
bv exceptional ability and inventive genius ana
acknowledge 1t all as ncs''ive goo1. can y %
demonstrated that afrmatively speaking ihcy
have nut Increased power. NOR" a'tuai ~ ~
rewards Into the hands Of ne ma 80 .-mo g..
swcr ic YES IA recent conf ,nu'r'.' 49, -, IN
Iider,i K1TrSu Of Labor Statistic an authority
ACKNOWLEDGED as good by the !aOorihs ''lSS'7' '"'
io. SSaIyzing the statistics find some remark
and The Ike. is decreasing IN WoporIlo'i,, M'.'.o
W., ~, D,irnIrr relatively 10 the whole popu alton
Concerning the wage question. TINS LABOR ''"-
'Fo2tunaiely W. not Obliged to dgpcna gp9n
the rates OF wages 10 show hat the ordinary man
st"rv because our censuses report aggregate earn
nss ana also ne d nyDir Z, oo fgs rI side Of
the problem. We find that IN 10 ne AN,IdE" a,,
mai earnings OF each empoye engaged IN manu-
featuring and mechanical pursuits. lncluIlnS men
women and children, IN round numbers were -,
ssl, Hero Is a steady. positive increase IN ~.
average annual earnings Of the emp0ycs III our
Professor liuihaIi, a wcl,-rccoGnlzed au,hority.
IN compang ne census Gsa a Of a69 ana prodc Of
{2'9i7 THIS Increase IN power must be attributed
most largely to invention and 20 the more effective
coordination Of capita and abb ity In management
Nevertheless the result OF mis- increase in pro
ductivity has been fully shared In by the opera
dive, since It appears that while his productivity
Of wages has increased = per seni -. ~ r u,,,
a late study OF this question by W. IL. NAL
lock. OF Great Britain. he brings out some strik-
ing conclusions from which quote two or three
became Queen. the gross income OF the entire pco-
pie. laborers. landlords. capitalists. and ak wds
boring class In 1888 fifty years later the income
Of the laboring class was $3.50 100000 the la
income had increased nearly 300 per cent. From
al the data he dsdace the c1ng1s,on Of n
iial the Inarshaliins Of industrial forces rnhr
divided them a
for man of the annual income OF Great hri'an
ceived had the whole public income of that period
from all sources been divided among them
that while honorable wealth be acquired only
by giving service of equal or greater value 70 90
is acquired where the service rendered in return
is very inadequate, where foresightedness and abl-
lily. perceiving the enormous value of natural OPP
portunties in municipal privileses suCh as watsr,
With corrupt ignorant representative or the
people 10 take up and mon n to tGn G" VI
the people. II may. however. be pleaded IN a,ate-
better hat these natural opportunities should be
thus exploited than to have them remain inert
The service which ought TO be rendered in tho ac-
QUESTION OF wealth is wholly lacking when Il j. So
were recently illustrated by some who. In position
10 seize the opportunity. made enormous importa-
soma bic and ordinary needs Of their trade, but In
order TO anticipate and take over a. themselves .e
cure for the good Of all There was no law against
in The development OF a right public opinion. a
clean public conscience. lies the best promise Ol a
cure for these abuses.
Frequent as they may be. the effect OF these para
siical invasons upon the great body OF wealth.
produced by the joint or separate Inalacton or en-
icrprIsc capital and labor, Is relatively small.
THE STORY OF ONE FORTUNE.
This magnificent institution to-day dedicated to
ostcrItv f. not the result OF accident. Back Of
I, somewhere IN the years may be read the story Of
elf-denying effort OF industry and enterprise CO.
opcra;ing with natural forces In gathering up the
,icmcuts of wealth Here and this gathered
force has broken m rich blessings on our land;
Tcr,Iizcd by It's benign influence. mental HE VIII
mere be auickened. new powers OF production VIII
b., brought into existence. These again uniting