Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1903-11-12
DEMANDS
ARE ExORBlTANT SAYS TRUST
PROMOTER SCHWAB.
The Late President OF the Steel Trust Attributes
Slack lndustrials Conditions To the De.
mands OF Labor. The Demands or Schwab
He, OF Course, OverlOoks.

Charles M. Schwab, late president Of
the steel trust and promoter OF the ship
building trust, has kindly consented to
be interviewed on the labor question.
When asked to give an explanation Of
the falling off in industry, Mr.. Schwab
said:
"Labor's exorbitaut demands has done
more than than any one thing to
bring about this setback. This is espec-
tally true of the building trade"
Those who have watched Mr.. Schwab' g
course in connection with recent tinan-
cial propositions will cheerfully admit
that he is we'll qualified to speak OF Sex
orbitant demands" The man who can
buy steel plant with wind, pump it full
of water and sell it for enough to put
eight or ten millions of cash in his pock-
ct before the water leaks out and swamps
the men he sells to, certainly knows a
whole lot about "exorbitant demands"
But even the experts miss it sometimes.
Before admitting that Mr.. Schwab is
right in his opinion concerning the in
dustral conditions it might be we'll to
know just what he mean by "labor's
exorbitant demands"
Labor is asking for share OF the
prosperity which Mr.. Schwab and his ilk
have been enjoying. Is that an 'ex-
orbitant demand?"
Labor is asking a wage that will enable
the head OF family to provide for the
wants of himself and those dependent
upon him and have little left to lay
aside for old age. Is that an "exorbitant
demand?"
Labor, which tolls nine hours a day,
asks for less than Mr.. Schwab makes be-
tween breaths. Is that an "exorbitant
demand?"
Labor asks for an eight-hour day, for a
just share of the profits it creates, for
equal rights before the law, for arbitra-
ton OF its differences with corporate CAPT
tai, for improved sanitary conditions. for
recognition as one OF the forces that 60
towards making this great republic,
and for CHI ,nce to enjoy the necessaries
Of life, while Mr.. Schwab enjoys the
fluxuries by reason of his recent financial
deals. Are these "exorbitant demands?'
1t i'll becomes man like Charles NJ.
Schwab, trust promoter and stock jobber,
whose skirts are tainted with the odor Of
stock swinding, to stand up and talk
about the "eXOrbitant demands of
/ labor"
1t i'll becomes man like Charles M.
Schwab, whose recent exploits in the
financial field have resulted lin loss OF
public confidence in even we'll established
lines of business, to stand up and pass
criticism upon men who are struggling
for liyi ,g wage and an opportunity to
make secure the future of wives and chill
dren dependent upon them. The most
exorbitant demand ever made by labor
ing man did not mean as much for a year
of unremitting toll as Charles M. Schwab
riskcd at roulette at Monte Carlo, and
yet every dollar that Schwab has made
by stock jobbing, trust promoting and
business chicane came primarily from
the toll and sweat OF the men whom he
now charges with making "exorbitanI
demands"
Before an intelligent people will believe
that industrial conditions are due to the
"exorbitant demands of labor" they will
have to have better authority thar
Charles M. Schwab. As the matter now
stands they are rather o! the opinion that
Mr.. Schwab is angry because labor shows
signs OF revolving instead of meekly sub
hitting to be ridden by such men as he.