New-York tribune., 1901-05-02

his time. He cannot afford to pay quarter for a
hack ride, but when the trolley comes and ne gets
Investment for him. The rich is ,p4rIieq-
l&ry affected by the appearance of the trolley. He
, We are, yet, only on the threshold of the new,
era IN the business world. and no say posi-
lively that the present order of things is and will
be for the best That is stil to be proven, and 1t
that; SO far as we have gone the results are GER
is intangible can easily be put the benefit that can
De shown by figureS-beneit the workingman.
Wages are higher. prices are lower Investments
are safer more productive and more certain of re-
Where great consultations have been effected
trade through the erratic action of an individual
owner, Owner, Strikes are much more remote where a
An excellent Illustration of this was seen during
I1t year strike IN the anthracite coal regions
Lhere the general scale OF wages depressed
OF independent operators. who could not or would
not pay their men as well as the big companies
look for profit both by mining the product and
carrying II 10 market. Again settlement of the
felt they could not afford the increase agreed upon
in the coal region illustrate Very forcibly the value
10 the workinSman of a condition where
poration handles the product from beginning to
end, thereby insuring larger profits. of which it
can afford TO give its employees part in the shape
OF higher wages and steadier employment.
The workingmen benefit also in another direction.
by ample capital and has the benefit of concen-
trated management. They assured the use Of
A concern
afford TO make improvements and put in the latest
machinery, because such improvements and ma
chinery necessarily add to the productiveness of
the plant at a rate that will soon make good the
expenditure The smaller concern, while It real
zes this fact, IS unable avail itself the latest
Appliances because il has not the necessary capt.
tai 10 invest.
Another advantage Of prime Importance to the
workingmen IS that they may easily participate in
the profits Of these enterprises by investing their
savings in the shares of the solid and pros
porous concerns over So 400 0009O is deposited in
the savings banks OF the United States largely
made up Of the savings Of the wage earners, and
this represents only portion OF their accumula-
tions With these vast resources at command. the
workingmen Of the country might in a few years
they employed The opportunities thus afforded
for safe and lucrative investment will enable them
to share in the profits, and thus unite the rewards
of capital and labor.
The consumer IS assured OF lower prices when a
big concern is the producer. because such a con-
Germ must have a steady market for its output in
order TO keep its machinery busy. The loss of Il
day is large item Therefore, in sef-defence the
big concern must keep its prices within the figure
that VIII secure the greatest number of purchasers.
Moreover. II the result Of these industrial con-
soidatiOns IS TO steady and relatively reduce the
prices OF their products the gravest OF the Specu-
lative popular objections them will he obviated.
and public opinion viii speedily recognize the bene-
machinery of production The very motive of self
interest the law Of preservation. dictates
a policy which is necessary the lasting bust
ness prosperity of these concerns TO that popu-
lar approval without which they cannot perma-
nently endure.