The silver star., 1897-09-23

sumciently large scale to organise an
the unemployed labor to becoine self
supporting and exchange the product
of their labor on basis that will be
just to all. The working people who
belong to the labor unions seem to de-
pend on strikes to secure better condi-
tons for themselves. ignoring to q great
own employers. The labor exchanges
that are now being rapidly organized
all over the United States go much far
ther by enabling Its members to produce
whatever they can of value and ex-
change 1t for other members products
that they may be able to use. Still. as
yet, the labor exchanges do not pro-
vide for the securing Of capital and for
a system of production that will enable
them to supply on a large scale the
many kinds Of products that are neces-
sary or desirable for the support and
comfort of its members.
How capital and labor can be brought
together on a basis that will he salts
factory and just to both and enable Ia
bor to get as many comforts and ad-
ject Of much thought for the past five
years.
UNLIMITED MILLIONS.
Capital is now becoming so cheap
that anyone with first-class securities
can secure practically unlimited mil
lions of dollars in New York and Lon
don for per cent. per year interest.
and only wants reliable security to be
eager to cooperate with labor in de-
velOping any industry that can be
shown to be practicable and profitable
Labor only needs organization and
the help of this capital to he able to
produce. as l show above, all the
wealth that can be desired or utilized.
To secure the capital that Is neces-
sary on n reasonable basis Of cOmpen.
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 at once availa-
BILE. He will incorporate the New Era
Union with S10OO00OO0 capital stock in
shares of $40 each to 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 It's members.
To secure whatever capital may be
necessary besides that secured from the
sale of It's capital stock. the New Era
Union will issue first mortgage bonds
secured by lien upon all its assets, pay
able in gold in twenty-five years, bear
ing 9 per cent. annual interest.
Departments will then be formed to
produce and provide every conceivable
thing that is useful and desirable.
To enable the workers to be sure OF
a reasonable compensation according tc
the value of their services they will be
organized into seven degrees of mem
bership and he paid as follows:
First degree-Common crude labor of
all kinds. So per day of eight hours
work.
Second degree-More useful labor OF
all kinds. SO per day of eight hours
work.
Third degree-Skilled labor of al
kinds. 81 per day of eight hours work.
Fourth decree-Expert labor. teach
ers. professions. foremen. etc. SO per
day of eight hours work.
| Fifth degree-Specially valuable ser
vices. superintendents. etc, $40 per day
of eight hours work.
Sixth degree-Still moro valuable ser
vices of all kinds and managers. ST.
per day of eight hours work.
Seventh dcgree-The most valuable
services of all executive officers. S25 per
day of eight hours work.
ASSIST IN ACCUMULATING.
The workers in the New Fra Union
will he required to assist in accumu
lating as much wealth as possible by
the union TO enable It to increase Its
opportunities 10 other workers. and alsC
to provide its members with every pos
sfble advantage that accumulated
wealth can give. Hence each person
working for the New Era Union will
he required to purchase n membership
In the New Era Union.
The memberships will cost. the
amount that each member would earn
I'm 200 working days in thc degree they
are qualified to work to the best ad-
vantage and II they have no money or
assets needed by the New Era Union,
when they 20 into II. they will be re-
uuired TO invest one-fourth of their In
come until 1t 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 6 per cent. In
terest
To enable the New Fra Union IN
maintain this system Of compensation.
regardless of the wages paid by com.
petitive companies the members will he
paid In checks that must he redeemed
by the New Era Union for everything
needed by the member. any surplus not
required for immediate usc TO he In
vested in rho bonds payable In gold.
that Ia really equivalent 10 the members
being paid In full in gold. except that
the checks require that each member
purchase the supplies produced hy 9th.
or members OF the same bnsIs Of com.
pcnsAtion.
The members Of each degree will hc-
long to councils. tn meet Mt stated
times for conference ard enactment of
needed measures. subject "a the approx
nj Of the next highest council. and the
ionri Of directors elected by fhc stock
holders.
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