The Monte Vista journal., 1897-09-18
THE NEW ERA UNION.
NEW COOPERATIVE SCHEME
Charles W. caryi Proposes to Fur.lsh Cap
ital 70 Laboring Msa With which They
May Garry on Thsir Own Enesrpriass.

Charles W. Caryi Proposss to Fsrnlsh Cap
itAl 70 LabUring Mss With which They
May Garry on Their Owa Enssrprises.
A project which promises to he REM
edy for the troubles Of the striking mill
ers of the East and unemployed labor
generally, says the Rocky Mountain
News, has been broached by Charles
w. Caryl. president Of the Gold Extrac-
tion Mining and Supply Company of
BOULDER county. 1t will he called the
New Era Union. and the man who pro-
poses 1t has such faith In Its ultimate
success as an alleviator OF the burdens
OF the laboring classes that he Is going
ahead on his own responsibility to In
corporate a company with capital
stock OF $1O.OW.OO0. In launching his
Idea Mr.. Caryl does not hope to allevi-
ate the cares Of the laboring man In one
fell swoop, but recognizes the fact that
1t will take time to operate.
The New Era Union AZ described by
Mr.. Caryl AZ simply Il scheme whereby
the lnbOrtng men. In no matter what Oc-
cupatiOn they may he engaged. may he
enabled to cooperate and share the pro-
Hts OF their labor among themselves.
At present they work for the operator
and the profits which they create are
lOcketeti by him. For the purpose OF
doing work comparatively. the assist
nnce OF capital Is needed and the New
Era Union will be created for the pur-
pose OF securing this capital.
ENJOYING THE FRUITS.
The present coal miners strike in the
East has brought the fact prominently
before the American people that Il
change IL needed. A new era. whether
good or bad 1t may be. is about to open
up and as the old system of labor.
whereby the employer alone enjoys the
proceeds of the laboring man has prov
ed a miserable failure. the time is op-
perfume for Il system whereby every
man and woman in the United States
willing to work may IN able to do so
under the most favorable conditions
possible. In other words It is time for
the laborers to work and share the pre-
fits themselves.
The New Era Union In the case Of the
striking miners in Pennsylvania and
other states. will furnish capital for
the miners to acquire mines of their
own which they will work and receive
Just and regular wages out OF the earn
ings Of the mines. The capital will he
procured by the union In exchange for
Its bonds. the interest on which is pay
able In gold and ai the rate of u per
cent. The bonds are payable in TWEEN
ty-fivc years and are secured by the as
sets of the union. In this manner the
workmen will receive as wages what Is
left after paying the interest on the
bonds of the union. The mission of the
union will not only In devoted 10 coal
mining hut To gold mining and every
other industry. These industries will
he acquired by the capital Of the Union
and the only revenue which does not 90
To the laborer or for his benefit will 90
t" the bondholdcrs for interest. This is
y comparatively small amount compar.
ed with that which goes into the pock.
cts of employers under the present sys-
TEN Of labor.
II Is not the expectation Of the pro.
moters Of the union thai every laborin.
man who Is drawing regular wages NJ
present will leave his Job and enlist
with the union. 1t Ia simply for those
who have no work nj all or are dissar-
isiiesi with the wages they are recciv-
ing.
PRACTICAL DEMONSTRATION
Mr.. Caryl Inns succeeded In enlisting
mines Of BOULDER county. The com.
pany bought claims from miners who
could not work them on account Of
having no capital themselves. Ii was
this which aroused Mr.. Caryrs curios.
lty and lie at once saw what he could
accomplish should the miners band To.
gether. secure the capital as body AMI
share the profits themselves. II is his
PROPOSITION that the cooperation
scheme ls pu, to work at once In Colo
RADIO. There IL plenty Of money to i1
made among the gold mines. he says.
and capitalists will not hesitate long In
lending their money ~ u per cent.
especially when II Is secured by good
assets.
The coal mines In the northern part
nj the state could bc profitably worked
by the union. Mr.. Caryl thinks. II
would require but u few thousand dol.
lars to purchase mine aud set miners
to work. Should the railroad rates
prove too high the union could build n
road of Its own and thus he in,iepcnd.
rni. Mining would not he the only In,
dustry Of the union. for manufactures
and every business known could he
taken M.
LABOR EXCHANGE INTERESTED.
Al II meeting held last night In Mr..
raryls office In the California building
there WAS u conference with the Den.
yer Labor Exchange. and II Is Tx sly
that that institution viii cooperate
with the New Era Union when II
starts. The operations NJ the labor .x.
change are carried out ON practically
the came lines as those Of the union. ex.
ccpt that no capital IL used. With cap.
Ital to start with aud u cheek system
for money III" lnloring man could de-.
pend entirely on the union for his iiv.
ing.
II II estimated that one.fourih Of tn,
working people Of the United States. ar
over :.NO.uD. ar. unproLuctivr for
want of an opportunity To earn their
living.
A. - per iny as n fair average for
the services Or n wealth pro,luccr this
would amount In s.s,'AAl'nU I~r day or
s'ins'aAn.,sD per year, or x'D.Vs,.Hu..
mo In ten years,