The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1903-05-07
CARNEG|E'S SCHEME
FOR ARBITRATION
Nations Disputes Settled by
Iron and Steel Men.
HAS REACHED A PINNACLE"
Inaugurated President of Institute of
Great Britain-"There's Nothing
Beyond" He Says.

LONDON. May Andrew Carnegie.
the famous American ironmaster, was
inaugurated as president of the Iron
and Steel institute of Great Britain to-
day.
In his address to the many civil en-
gineers present Mr.. Carnegie said that
his elevation 10 the presidency of the
Institute was in great contrast to the
election of his predecessors His ex-
perience in the business department was
all that entitled him TO the position.
Mr.. Carnegie referred 10 the fact that
he was the first president of the Insti-
tute not a British subject.
My first desire said he, "is to thank
you deeply for the honor conferred by
electing me to the presidency, which is
to the man of iron and steel the blue
ribbon of distinction in the race of life.
Beyond this he cannot go. for there is
nothing higher, and he must perforce
be content hereafter--from the sublime
height-to survey the plains below
His Unique Scheme.
Mr.. Carnegie then touched on the
cosmopolitan nature of the Institute,
seeing in it the first step in the com
merciaI peace of the world In this con-
nection he broached a unique scheme
IF the parhaments of foreign coun-
tries said he would only remit to the
Iron and Steel Institute the whole SUBJ
ject of international relations, includ-
ing armies and navies. you could readily
appoint committee of distinguished
oF oh of
bers of this institute. who would have
little difficulty in laying the foundation
OF international peace and good Will
such as prevails among us in this cos
mopolitan institute
The speaker then branched out into
history OF the institutes growth and
mentioned the notable men who had oc-
cupied the presidents chair. He also
touched at length on the growth of in
ternational trade Taking the Carnegie
Steel Company as example, he pointed
out the great part in the present era of
prosperity which the admitting OF en-
ployes into partnership had played.
Giving Mechanics Chance.
In this act he saw perhaps the great
est factor in the bringing about of de-
sirable relations between employer and
employed. Especially, he said. would 10
1aud the action of taking men from the
mechanical departments into partner
ship. 1t was a necessary step, mas
much as d mechanical knowledge was
an indispensable factor in working out
the knotty problems which are continu-
ally coming up.
t.The greatest secret of success IN
business OF all kinds" he continued,
and especially in manufacturing, where
a small saving in each process means
afortune, is a liberal division of profits
among the men who help to make them.
There lie latent unsuspected powers in
willing men around us which only need
appreciation and development 20 produce
surprising results"
Another advantage of this process was
that it brought the capitalists and the
empIoye into a closer friendship. where
sympathy worked advantage TO both
This friendship, he added, is the season
for the lessening of the labor troubles
in the last decade.
Favors Sliding Scale.
Mr.. Carnegie made a strong appeal in
favor of the sliding scale. Increased
profits, he said, should bring the employe
higher wages, whereas, on the other
hand, it was only fair that decreased
profits should work in the other direc
ticn. In the long run, he said, the en-
ploye made far more than be would by
fixed wages.
In conclusion Mr.. Carnegie prophesied
that the future would see employer and
employe living in friendly cooperation.
Human society," he said, bears
charmed life. 1t is immortal, and was
born with the inherent power or instinct,
as law Of its being. to solve all prob
leras finally in the best form. Among
these none will be solved more surely
than the yexed question Of our day. the
relations between these Siamese twins.
which must mutually prosper or mutual
l.. nd Ia