The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1901-09-03

the core of the evil. 1t lies deem with.
IN, ana to effect a permanent cure -
must be reached" -
profit sharing. in the opinion of Mr..
stewart, is the only remedy for ti,a
evil; labor and capital are nartnars
now, but capital hogs it all. ..I,anor
was not made by capital. but canito,
was made by and for labor. -
would not discount the genius wbiob
mas thought out many schemes for nil
ing UP wealth, but no axe would rise
no "neei would turn, no ship would
san without the aid of labor, no mat
ter how great the genius, or how large
the capltal behind 1t all. Do not then
give labor an inferior place In its
partnership with capital. They are
mutually dependent, each upon tbe
other. If capital could be brought to
this view the lion and the lamb womb
lie down together, swords would he
turned into ploughshares, and these
two forces of civilization would war no
more. Capital would be satisfied with
reasonable income, and would snare
the profits with labor"
The speaker then referred to the
practice of profit-sharing In Europe
particularly in France, and also re-
ferred to several instances in the Unit
ed States. Experience for three quar-
tiers of century shows, where greed
of gain is not on top, and this system
or profit sharing is honestly practiced,
strikes are unknown: labor is content
ed, and capital does not live an con-
slant fear of the dynamite bomb.
Assuming that employers see that
. 1T is to their interest to conduct their
business on the profit sharing plan,
the practical difficulty lies in arriving
at an equitable basis OF division.
Should 1t be 10 per cent; shall it be %
per cent; shall it be 33 1-3 per cent. A
difficulty lies here which is magnified
by the greed of gain.
Il am inclined to suggest the estab-
Hshment of a profit sharing system by
law. | would provide against the wa
tering of stock; I would provide a max
imum rate of dividend upon the same
basis as we now provide by statute for
, a, maximum rate of interest; I would
provide board of arbitration, TO be
chosen by capital and labor, 10 nix
rates of dividend and rates of wages;
/ would provide for labor representa-
ton on boards of directors, and
would keep on legislating until 1 secur-
ed at least comparative equity between
capital and labor. as we have secured
substantial equity between borrower
and lender.
| But you may say such legislation
would be unconstitutional My an
swer could be, Then amend the consti-
/ tuition, Man was not made for the
constitution, the constitution was made
by man for man. Let us amend the
constitution, if thereby we secure man
| in the enjoyment of his natural rights
the inalienable right to life, liberty
! and the pursuit of happiness"
In conclusion Mr. Stewart said:
| Conditions cannot continue as they
are; a readjustment will surely come.
! 1t came in the French revolution; it
came in the Wat Tyler insurrection,
and it Is the judgment of all impartial
| historians that the cause Tor which
! Tyler died was taken up by the CAPT.
talists themselves, and remedial legis-
Iation was put through parliament.
/ 1.-The history of the world shows that
you may remove the individual, but
the cause never dies, if founded in JUS
| tice and equity. The cause of
equity between capital and labor is so
deeply imbedded in natural justice that
! it must eventually be established
throughout the world. But In order to
do SO we must remember that cease
less vigilance is the price OF liberty.
We must do all that in us lies to Sc
cure honest, Independent men TO make
our laws, and broad-minded, expe-
rienced judges to expound them. we
must keep our faces toward the day
&
they remain. the property of the pres
ent owners, shall be cultivated in small
areas by men who shall cross the ocean
from the Mainland, bringing their fam
lies and the methods which turned the
West from a barren waste into
fruitful fields and thriving towns L
saw small farms, rather 1000 small
farms than 100 large ones. We work
foo hard in this climate; we should
start at seven, then close up every
thing from twelve to four, then work
again till six; then give the evening
to recreation, to social en3oyments, to
study and to sleep. We snould also
have two half holidays-one Friday
and one on Saturday. We shall nor
mako so much money as we 90 now.
hut shall profit worldly and otherwise.
eff we could secure in these ISLANDS
+ba blessings of wise legislation, and
independent Interpretation of such leg
isIation; If we could get small farming
on the profit sharing plan, our Iacto-
ries and shops would hum. ana our
fields would produce ten-foid more
conc than now, and our cosmopolitan
nonuIation would daily illustrate the
brotberhood of man, dwelling together
lin peace and unity, under glorious
flag. and upon a soil dear TO Amefi-
cans everywhere, because 1T was Amer
iea's first fruit from the tree OF ex-
pansion. cr,
! Mr.. Austin was the next speaker. he
said in mart: II feel highly honored
at being asked to address you TO-DAY
There is TO jewel or diadem SO oeauu-
FIJI to wear as the honor given by the
/ people. l do not believe capital TO oe
detrimental to the evolution OF lanor
NM that it is only the evolution &C
syreater happiness for labor itself the
i trials and struggles of labor since the
introductioieof machinery $50 years yea. = age :.
has led to a great combat, but 1t Is
80 charming stone to future freedom
for labor. There is one principle tha'
we cannot gainsay: air is free TO use
and the wealth of the soil, by the same
unvarvine rule of nature, must In time
he as free as the air itself INT
; speaker referred to the strike OF s seraa
J Years ago which was attended by gred
. &c Of life and destruction OF prop
erty, and then to the strike Ike OF honay
as evidences of this marx OF esolu,1 o ~,
..The combinations of capital are no"
On Great he said, that the persona persona