Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1897-10-20

still without capital We could not
employ labor. They are so closely
affiliated. 30 dependent one on she
other. each 30 necessary for the safe
existence of the other that il 10 dan
gerous to estrange them.
ut is only in the abuse of capital
when il has been collected in large
amounts, has become dictatorial in
its sway, and lifts its arrogant head
to crush down its associate-that We
have reason to cry out and CON-
plain. Let 1t be handled with care,
giving labor its full reward and We
need have no fear of its power"
After selection by Bowlby's man.
dolin orchestra States Attorney
Searle was introduced and made hap
Ply remarks of congratulatory Or
der. He spoke Of the earnest way in
which the laboring people we're car
rying on their worthy cause. s:d of
the hearty cooperation they were re-
ceiving from most of the people. In
Rock Island, he said, organized labor
knows its rights. But this. unfortu.
nately. is not the case in other COM
munities. Here organised labor is
recognised and respected by all. and
man respects man-no one Is looked
down upon because he works in the
shop or the mine. Mr.. Searle said
this is period the like of which
was never before known In the his
tory Of the country. Capital has or
ganized. and labor has found it nee
essary for its mutual education and
protection to do likewise. He was
at . loss to prophesy where the ten
dency toward organization and com.
bination was going to end. Lock
how capital 10 combining its forces.
No wonder the men who toll. who
produce capital. should organize. II
Is absolutely necessary. Referring
to strikes, Mr.. Searle held they were
Illogical. They ought to be settled
by the ballot. He liked to see labor
organize for protection, and felt that
the tendency toward thought and
study would eventually bring about
. solution Of the labor problem.
Financial History.
A financial statement of the condi.
ton of the Industrial Home building
Was next read by Trustee Thomas,
who said: ut gives me great pleas
ure to present the following report OF
the financial condition of the Indus
trial Home Building association, and
l am very much gratified to be able
to inform you that we are now, for
the first time. In . position not only
TO pay the interest and all other run.
ming expenses, but also to start q
sinking fund for the purpose Of pay.
ing off the bonded Indebtedness.
This home was built by organ
lied labor for a noble purpose. and
every member of organized labor
should feel proud Of il and take an
active part in its affairs. and work
for its interest, for in union there is
strength; SO let Us stand shoulder to
shoulder and push the good work
along. for its loss would be unfortu-
nate to the cause Of organized labor,
not only financially. but in prestige
would It suffer.
Il am proud to be engaged in this
work with you and assure you that
will at all times be found doing
everything can to advance the in
terests of the Industrial Home asso-
citation, hoping my services will be
satisfactory to every member of or
ganized labor. Following is my re-
port:
Estimated receipts and expenses
for one year. commencing Oct. 1,
1897. Of Industrial Home building.
Receipts. Modern Woodmen Of
America. $1,000; two stores, $l,032;
three flats, e642; total, 2,674.
Estimated Expenses-Interest
500; janitor, e285; coal. e15G; light,
e75; taxes, $125; insurance. $I54; in
cidental expenses, 500; total. 81, 799.
Receipts above expenses, 1915.
Estimated cost of Industrial
Home building, $25. cost Of lot,
So. 100; total, $2S, 100.
"Amount of indebtedness, bonds
drawing z per cent, SIS. Schrei-
ner estate, 81, $50; architect, 5000;
total, $14,550.
Amount of Investment, $28, 100;
amount Of indebtedness, $l4.55O;
amount invested in building by or
ganized labor at the present time.
SIS, $780,"
A vocal solo by Miss Edith Quayle
and selections by the mandolin or
chestra and Bleuer's band closed the
exercises. The Columbia manner
choir will sing tonight and Aid.
Charles Bleuer will give q trombone
solo.
Thursday will be Woodmen night,
when Maj. c. w. Halves will speak.
PAule0u- Burton.