Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1902-04-25
of manufacturing under like

branch of manufacturing under like
conditions.
There can be no permanent extortion
or profit beyond the average return
from capital nor any monopoly, either
/ in transportation or manufacturing.
ANY attempt to maintain either must
end in failure, and failure ultimately
disastrous just in proportion to the
temporary success of the foolish effort.
1t is sifnply ridiculous for 4 party of
men to meet in room and attempt
by passing resolutions to change the
great laws which govern human affairs
in the business world. and this. wheth-
er they be railway presidents, bankers
or manufacturers.
The fashion of trusts has but a short
season longer to run, and then some
other equally vain device may be ex-
pected to appear when the next period
Of depression arrives; but there is not
the slightest danger that serious injury
can result to the sound principles of
business from any or all of these move
ments.
The only people who have reason to
fear trusts are those foolish enough TO
enter into them. The consumer AMI
the transporter. not the manufacturer
harvest.
Upon the always interesting subject
of capital and labor, this level-headed
Scotchman suggests that
There is a partnership of three in the
industrial world when an enterprise is
planned. The first of these, not in i'm
portance but in time, is Capital. With
out it nothing costly can be built
From it comes the first breath of life
into matter previously inert.
The structure reared, equipped and
ready to begin in any line of industrial
activity, the second partner comes into
operation. That is Business Ability.
Capital has done it's part,
1t has provided all the istrumentali-
ties of production; but unless it can
command the services of the able men
to manage the business, all that Capt.
| tai has done crumbles into ruin.
Then comes the third partner, last i'll
order of time. but not least Labor. II
it fails to perform it's part, nothing can
be accomplished. Capital and Bust
ness Ability. without it brought into
play, are dead. The wheels cannot re-
volve unless the hand of Labor starts
them.
Now, volumes can be written as to
which one of the three partners is
first, second or third in Importance, and
the subject will remain just as it was
before.
There is no first. second or last.
There is no precedence. They are
equal members of the great triple al
lance which moves the industrial
world.
Capital. Business Ability and Labor
must be united. He is an enemy to
all three who seeks to SOW seeds of
disunion among them.
Against three things he warns young
men especially.
| First and foremost comes drink.
You are more likely to fail in your
career from acquiring the habit of
drinking than from any, or all, the
other temptations likely to assail you.
You may lead to almost any Other
| temptation and reform. But from the
insane thirst for liquor escape is al
most impossible.
The next great danger is speculation.
! Gamesters die poor, and there is GER
! tainly not an instance of a speculator
!. who haSRiEed (life creditable to him
Sslf ea7An'sss0a' to the eo"m""-
The third great danger to the young
! indorsing-all the more dangerous, in
asmuch as it assails one generally in
the garb of friendship.