New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-10-10
AMERICA ECONOMIC MASTER OF WORLD
CHARLES R. FLINT ADDRESSES ILLINOIS MANU-
FACTURERS.

Chicago, Oct. 9.-Charles r. Flint, of New-Yerk
was the principal speaker tonight at the autumn
dinner of the Illinois Manufacturers Association
at the Grand Pacific Hotel. Charles A. Plamondon.
president of the association introduced Mr.. Flint
whose remarks evoked frequent applause. Mr..
Flint said in part:
In the evolution of industrial life of the first
steps is to subdivide production into trades Later,
then corporations, and finally consultations of
Against this march of Industrial progress there
has always been opposition. There have always
been those who appealing special interests to
the unsuccessful. the disconnected and the misin1
formed have endeavored to obtain political favor by
opposing progress, by endeayoring TO prevent the
natural and mutually beneficial cooperation be-
The tendency of modern trade is toward con-
soldatlon. because the administration of the larg-
permits the highest development of special ma
fh ne and processes Inc factor running full
minnie the Cost Of 6strbuton -" Sen1raiizafinS
of manufacture and distribution reduce aggregate
stocks and therefore in the shop wear, stor-
egement results in the raising and fixing of the
m OF GGay the best being
ment through overproduction; in less loss by bad
debts through comparisons of credit. and in secur-
comparative administration.
The question which most interests US is whether
amo6e fbe cSnribptoT m are eg1gYy Gqeq
fact that the man of superior ability cannot ac-
cumulate for himself without giving to the wage
earners an opportunity 10 earn the larger share.
and il is always increasing share. The tendency
mum of wages. When profits become abnormal
they invite competition, and Immediately re-
benefited solely If they are not sufficiently alb
normal to invite competition, then labor demands
larger share of the profit in the form of increased
wages, and it is either voluntarily necessarily
agreed to; in which the body of wage earners
of wage. earners is the great body of the com
munity, it necessarily reaps the advantage in any
case employees know ALMOST as promptly as do
the employers whether a mill is earning extrav-
agant profit, If il be- they at once demand their
share. and the employer must, and inevitably does,
succumb. II IS thus that wages always tend to a
maximum and profits to a minimum
The maintenance of the nigh standard of
paid in the United States Is absolutely depend
ent upon our realizing the advantages which come
through superior organization me wageoWners of
the United States are to-day enjoying a higher
standard of nving and larger measure of we'll
Delne than Waseearners nave ever before en-
joyed in the history Of the world. They the
rails and rolling stock. the miner has mines, the
manufa cturer has bricks mortar and machinery
gagged 10 the banks Tor savings, but the wage
eaTners in the United States have on depost in
cash in the savings banks, subject to cali
The present Industrial conditions are far supe
rior to the old. Prosperity is expansion; lack or
confidence causes contraction. When all doubt is
forever removed as to the perpetuity OF orr goIS
standard ana no DOUBT Is possible as to the man
ner OF selecting supreme Court: 10 which we
must look for the enforcement Of our Natiorai
eas w evab b Ss[S 81 the cola t the
national exchange in place of the English SOW
Our contractionists would practically have ne
put wall around the United States which wouIS
destiny world Power in commerce in fTa o oa
and IN the greater and nobleF field of doing oHr
kind. 0''''Aa'ion OF man
With our untold natural resources with o,,- o.
eAhaustlhle supply OF metals and coal with ON
great forests. with every variety Of son IN our
mate, with the most industrious most inteiIisSSttt
best conditions of modern methods we ere NE
~ become the economic masters Of the world