The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-11-14

I'm, ,,nb nthfr matters which, may
liz deemed 10 affect labor W az. 70 - - W.
IIoy. insufficient sttch 5 report
q " must he. i!,H how ny uS'e a,,b,nit 10 YOU,
! =, 1as ftIy CONSCIOUS as anyone eN .
& se. In this report nave, hoW S.,i, nav
tleapolcd to present 10 3uu 9, o,,, ,fn.siit
OF the labor movement OF our e ~, t,1,s
5tts ss.',fE It's achievements. and ils aims
.,iI,I ,nyi, made such feconimenua.ilo.ts, ,
aTt,.r mature delieeratton ana tho 80 80,
judgment vi winch am ea nno,,si,iera ION
sKS.,id t,ce!v, your careful eoiisi0V. N'o''
Industrial Stagnation Averted.
,sf,,e, ,Ye met In Boston two years ago
d .I,e oid-school political economists ~. .nu
y thinkers foresaw a cloud thre'l.eN.s , t.iS
industrial nor aoa. Losing "a snf tha inrsiii.
~ stlit.,,s ii iir i,as;. they toretoa li.s t
MI n,lns,ii,l reaction, Stigma ton OF Ell
was then impending They ,, aIsgee re- Re.
M, iyagcs and advised labor to accept
ihs situation and thus, as they urssd.
n ..beln to tide over the unhappy perioa;
They Who reason iFo ,nu lid not consider
l25tl,e advance position which labor Wou a.,
4 take. but ignored II as an cquaI, 90. III
X Inc, determination OF their Whse.eu .,i,i;
Il rol9cy They could not sec thtl J. WOW. outu
II Xxi ~ a check 10 prevent the diininutlon
q Of GATORS consuming power. - ,.
B Isabor.s declaration and action nave
been demonstrated 10 be the "asst P' 30
III proved that it Is better TO resist NY
inhi,c,lratiun Of a period OF industliai
Z stagiatlou and thereby proven. ~ IL t;,l
foGl,iiudlg accept 1t and then try 70 qS.
wise means 10 eiliuise no ,i have main
NINA \ better parity between production
and consumption. ,ol.on
The unprecedented and iirn sNa, , ,ai>S'i
nv she representatives o. the hos.s "
iSho,! at Tho 3oston convention In de-
ianpi a. thni sage reductions would be
resisted and the very general uuo ,ps.oi
pfthat policy ~ OIL ie,ipm Mo. Of
donbt prevented an Industrial crisis Win
all its attenda 1t iier'ns,, poverty aho
E misery. - ,,,.,,, conyen-
4 ZION nj the American Federation OF La
Dor rendered 10 the working peop.fs, - ~
the employers. age, o ali the people OF
our country is not yet i9,ly ap l.,von ne
sncomiu,n of wslo.n foresight, courag e'
honor, and the hencii- to man. Cnnsis ~,
rncy and persl.te scH OF our pari, c9un p,,.
E with time will accord 10 our leiloW
Z unionists the high distinction ana Greai1
To- Which they are 50 justly entilieo.
In my report u %. 81 FranciseIo con- ~
yention last va'.r Mas n S New
BUS Years / clarat IN nf policy, ana ~ !,
3 was indica I'd q, at we we're linen !1o o.
vet ..outfof TIE woods M. NE aq f,on,
hat Tnu c To-. 10 ne olers Of our
I'M ~ rcs,st ty ev.ry honorable and
lawful means 1T ..c'r con,'iiinu. any anu
Every attempt to reduce Wases: e.,
and boldly aid sally IRE SAN Franels stss
tnn,enfion ;,ii,ra "a and tniI nusi2ed the
& declaration Of ,EsnlI,ed .apor poilcs
E4n nd poiity ,aii !. ururd; ME the keenest
Eratitieation t f sss.nv '' Is" t .I country
8S have the oeoo de De.ll more senerhuy
n emnIoyed at .aInful occupations ana IN
the production Of wealth or h,tye , neen
larger consumes O. tLel. pio'iuo'e e 'liA"1
II Mt this hour and ms gay.
y 81 Recently one of the great masnateS
~ nigh finance in our country predicted
that In few years il9m nd i'Yw AL naaic
y NINA raj lelled in the history OF the uhlteo
Fl States. This forecast was unquesuoo i
( pred cated upon the power "hich hita.se
q form, erly welded In industrial aia!ts.
5s and based upon the policy of the former
E nmnfnotent power of tinanJers, ana
greedy, short-sighted. antagonistic EN-
q Dloyers, and entirely ignored inc W. 49, n
/ Ing men the neutrality-suspicious., IN lie!.
nrna nizad caDacity, as "a new and potent
factor. ,,,r ,,arsist-
entity pursue the policy OIL resis ,;,,, ~
wage-cutLing; if we shall continue W
4 mrnss onward our movement TO become
continually larger. she-rers IN the pIouu =
Of our labor: If we but prove true 20 {,
ourselves and to each other W. ,ha tt ,.al
continually gain the condolences me re-
IVA sonct the cooperation OF the iairer-
minded and more Intelligent employers;
sonfound the old caIlcepuo!ls OF pom ca
life, labor, industry and humanity. put
to rout the ssers of calamity and prove
their, predictions to fbeef false prophes.es.
Labor, Industry, Finance.
Already It is dlscerned that finance has
been largely dethroned from It's aii-con-
trolling power over labor ana lndustf!;
Up to a decade ago, If exposures mad 5
been made as have been made in The
& recent past. Of speculation as Vel as
speculation and Of the corTuDt:ng IN,
huences Of high finance hnancia!
panic, involving an industrial crisis ana
stagnation. with all is attendant evils
would undoubtedly have been lnev!taDie.
The time is happily passing when pure
~ speculative inanee can noid tsie uofLia-
mating power to endow or undo INDUSTRY.
With more compact organization OF laoor.
with more enlightened employers. finance
is taking and Will take Its proper place
4 serving the purpose Of real Industry and
trade, OF being a real measure Of value
a medium of exchange. Thus the re!a-
tive position of IN portaEce is being trans
y posed and Industry and commerce are
coming TO control and regulate ihance-
1t Is labor and ind ustry which create
values. money included. In finance, as
" In all things. the created thing Should
never be greater than lis creator. The
/, Frankenste3n, the power OF finance which
y the people In the past created. has been
given It's proper limitations and power.
and with intelligence It Will no longer
threat en- death or destruction 10 those
who gave Il the breath Of life.
Labor and International Peace.
True 10 our traditions. IS well as TO
our feelings for humanity, We all dcplored
the terrible war in the Far East, and
expressed our earnest hope that peace
might come between the contend!ng ma
uons. Our sense OF right and justice.
our feeling OF humanity, are outraged
a. the awful consequences of modern
werfar re, whereby hundreds OF thousands
Of men are manned for life or slaughter
ed Our feelings are not lessened BY the
knowledge that the great sum total OF