The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-04-20

extensions that he may thereby reduce
more and more per ton or per yard these
capital depends.
1T being, therefore. impossible for the
employers OF thousands TO become &C
qualnted with their men, IL we are not TO
lose all feeling OF mutually between us,
the employer must seek their acquaintance
| through other forms, TO express his care
Tor the weu-being % those upon whose Ia
Dor ne depends for success, by devoting
part OF his earnings for institutions, and
Tor the accommodation of organizations.
such as cooperative stores, and l hope, in
return, that the employees are 70 snow by
the use which they make of such benefac-
uons that they, IN turn, respond 10 thls
sentiment upon the part of the employers
wherever II may be found.
BY such means as these we may hope TO
maintain TO some extent the old Keeling OF
kindness, mutual confidence. respect and
esteem which formerly distinguished the
relations between the employer and his
men.
Every employer of labor is studying the
young men around him. most anxious 10
ind one OF exceptional ability. Nothing in
the world is so desirable for him and so
profitable for him as such a man
CAPABLE MEN IN REQUEST.
Every manager in the works stands
ready to grasp, TO utilize the man that can
do something that is valuable. Every fore
man wants to have under him in his de-
psrtment able men. upon whom he can rely,
and whose merits he obtains credit Tor. be-
cause the greatest of ability in a manager
is not the man himself, but the men with
whom he is able to surround himself.
THESE books on the shelves VIII tell you
the story OF the rise OF many men from
our own ranks. 1t is not the educated, or
So-called classically educated, man.; IL is
not the aristocracy, it is not the monarchs.
that have ruled the destinies or the world,
either in camp. council, laboratory or
workshop.
9TH great inventions, the improvements,
the discoveries in science, the great works
In literature, have sprung from the ranks
of the poor.
You can scarcely name a great inven-
ton or a great discovery, you can scarcely
name a great picture or a great statue, a
great song or a great story, nor anything
| great that has not been the product OF men
who started. like yourselves, TO earn an
honest living by honest work.
The Importance of the subject is sug-
| gested by the fact that the habit Of thrift
| constitutes one Of the greatest differences
| between the savage and the civilized man.
"One OF the fundamental differences be-
tween savage and civilized life is the alb
sence OF thrift in the one and the presence
OF il in the other. When millions OF men
each save a little Of their daily earnings,
these petty sums combined make an enor-
nous amount. which is called capital, about
which so much Is written.
IF men consumed each day or each
week all they earned. as does the savage,
of course there would be no capital-that Is,
no savings laid up for future use.
Now, let US see what capital does in the
world. We will consider what the ship
builders do when they have to build great
ships. These enterprising companies offer
to build an ocean greyhound for, let us
say, &5OO,OCO, to be paid only when the
ship is delivered, after satisfactory trial
trips.
'Where or how do the shipbuilders get
this sum of money TO pay the workmen-
the wood merchant. the steel manufacturer
and all the people who furnish material for
the building of the ship? They get it from
the savings of civilized men. IT is part of
the money saved for investment by the mil
lions of Industrious people.
Each man. by thrift, saves a little, puts
the money in a bank, and the bank lends
IL to the shipbuilders, who pay interest for
the use OF 1t. 1t is the same with the build
ing of a mandatory, a railroad, a canal,
or anything costly. We could not have had
anything more than the savage had, eX-
cept for thrift.
A PARTNERSHIP OF THREE.
"The young, practical man Of to-day.
working at the bench or counter. to whom
the fair goddess, Fortune, has not yet beck
oned. may be disposed 70 conclude that it
is impossible TO start a business in this
age. There is something in that.
1T is, no doubt, infinitely more difficult
to start a new business of any kind to-day
than it was. But it f only a difference in
form. not in substance. 1t is infinitely
80 ~ q epNAAo IAaNAANoA AA0 Va obAANg
to obtain an interest in existing firms.
There is partnership of three in the in
dustrial world. when an enterprise Is
planned. The first of these-not in impor-
lance, but in time-is capital. Without it
| nothing costly can be built. From it comes
the first breath of life into matter previous
~ inert.
The structure reared, equipped and
ready TO begin in any line of industrial
activity, the second partner comes into op-
Grafton. That is business ability. Capital
i has done its part.
ut has provided all the instrumentalities
Of production; but unless il can command
the services of able men TO manage the
business. all that capital has done crum-
bleS into ruin.
Then comes the third partner, last in or
der of time, but not least. labor. If IL fails
complished. Capital and business ability,
without it brought into play. are dead.
The wheels cannot revolve 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 sub
ject will remain just as IT was before.
Political economists, speculative philOso-
piers and preachers have been giving their
views on the subject for hundreds of years.
but the answer has not yet been found, nor
can II ever be, because each of the three is
all-important, and every one is equally es-
sential to the other two.
There is no first, second or last. There IS
no precedence. They are equal members of
the great triple alliance which moves the
industrial world.
a matter of history. labor existed be-
fore capital or business ability, for when
Adam digged and Eve span Adam had no
capital, and If one may Judge from the
sequel neither Of the two was Unfortunately
blessed with business ability. but this was
before the reign OF industrialism began. and
huge investments of capital were necessary.
The three are equal partners OF a grand
whole. Combined they work wonders, sepa-
rate, neither is of much account. Thus Ear.
Notwithstanding the differences that from
time TO time have unfortunately rent them
apart, they have made the closing century
the most beneicent of all that have pre-
ceded II.
Humanity, the world over, Is better than
and 7 have the faitb that 81 &c 6eetjnad -
reach still higher and loftier planes than
even the most sanguine have imagined.
Capital, business ability and labor must
be united. He is an enemy to all three who
seeks to sow seeds Of disunion among
them"