New-York tribune., 1907-12-17
FOR FEDERAL POWER.
Continued from first page.

blunders of those who have our finance and in
dustry under their direction.
than one @ as man knew eyerytipg Bt this is
the first time in my twenty-six years as a labor
labor commercial organization, Commercial in
from man, !. woman. a child Commercial. in
deed Labor is part of the human body. and you
=, And shall we call labor union a trust: ordinar7
man A trust as understand it is an organiza-
ton to control the product of labor In the very
and cannot be measured as trusts are measured.
To me ca trust trust is ., an employer Of labor ~ -.
1eSognized that trusts and combinations are an
Strikes necessary evils, but ! don't believe
they are blessings.
Labor has done much to prevent child labor, and
has taken that question to Congress. where IT is
knocking for q hearing
Seven hundred and fifty guests distrib-
uted at small tables in the grand ballroom and
in the smaller hall which lets into it at right
angles. So great was the crowd that it
flowed into another The diners were all
at small tables. and at the junction Of the
angles of the L-shaped room there was pulpit.
| from which the speakers delivered their adj
dresses
Melville E Ingalls, chairman of the executive
committee of the Big Four railroad the
presiding officer. At his table were August Bel
mont and Samuel Gompers.
Word the last moment that Andrew
Carnegie. who had appeared the day meeting
of the federation had become indisposed and
would not be present This, coupled with the
illness of f. II. Hartman took from the list
two of the principal speakers
August Belmont. president OF the federation,
/ called the gathering To order and introduced Mr..
Ingalls, as toastmaster.
GENERAL GRANT FATORS CANTEEN
General Grant who spoke on the canteen at
military posts, said that while he himself
total abstaner he regarded the canteen the
lesser of evils. and that until the civil
thorities closed vicious resorts military
reservations he would be an advocate of the
| canteen in the army. He said in part:
have been asked by your committee at the sug-
gestion understand. Of one in high authority. 10
speak word here tonight, as an officer of the
canteen in military posts. find myself placed in
ton. as I myself am total abstainer and abhor
the traffic in liquor, 1t is therefore seemingly con-
American soldiers citizens of the United States
barracks ana are free to amuse themselves as
they wish. and punishment only be administered
fences. The entering into licensed public house
Nv feeling toward the soldiers of my command is
raternal and have the deepest interest for d Their
Though total abstainer an advocate Of the
canteen in the army until the time comes when the
reservations kept by Vicious persons who tempt
MR.. PERKINS on STEEL SYSTEM.
George w Perkins. of the firm Of J. P Nor
gan & Co. described in OF the few public
speeches he has made why the United States
Steel Corporation decided and put into effect
profit sharing with its employees. After citing
the results of the plan he said:
IN these results is there not form OF So
ciasm OF the highest. best and most ideal sort
a socialism that makes real partners Of en-
ployers and employe and yet preserves the right
OF private property. retaining the capitalists in
centive TO enterprise while giving the worker
new inspiration for effort-humanizing a
organization. promoting good will and Industrial
peace?"
Mr.. Perkinss address, in part follows.
one difficult problem how to arrive some
method OF compensating the officers Of the subsid
iary companies for successful management and at
the same time compensate the actual workers In
the plants Many profit sharing plans were were studied
weak, unfair or inadequate TO the size OF our
tors finaily authorized the aanounceTnent Of the
plan which has commonly come 10 be known as the
Steel Corporations profit sharing plan. II was
siT ma r1ensgers sinerntendents and ali others
in position Of responsibility and control the other
an offer entire Organization 10 purchase the
In 1903 something over $3.50 600 was distributed
in 1904 the amount; in 1905, 3ls00Ooo. and in
1906 s3.3oc'e0o-
To make IL profitable for the employees
keep the stock and remain in the corporations
employ each subscriber received IS every year,
for five years on each share OF stock long as
he paid the subscription and remained in the
corporations employ. said Mr.. Perkins. To-day
there were ten thousand Of the original sub
scrbers credited on the corporation books with
So for each share Of stock they held for five
wears There now 46,I92 subscribers max
ing regular payments on shares, and the s.
credited yearly to original subscribers amounted
10 81 100000 Approximately there were fifty
thousand partners in an organization which for
LOYALTY and efficiency he thought, could not be
equalled
JOHN MITCHELL TALKS OF PEACE.
John Mitchell. who spoke of his impending
retirement from active work in labor affairs,
said In part:
So far as ! have been able control the affairs
Of peace Happy would the day be II strikes. lock-
oHrs eTrs bs the e viii IN our ves an B is
II not better that we sit down and reason II ont
ano do not I know II the people Of New York realized
that two years they might have had to under
1902. But that is true. That would have happened
had not ten men got together and talked opera
tors and workers, es man 10 man.
Refer. ing TO industrial depression Mr. Mitchell
said:
We who represent capital who represent |
labor have II in our power more than the Repre-
sentatves IN Congress 10 return 10 our country me
prosperity it enjoyed so many years. Industrial
pancs be cured by legislation # thsg can5
their duration be lessened II the men who
Epnerience has demonstrated in the past that the
way to cure Industrial evils is not to reduce wages
In sneaking Of the late Senator Hanna Mr.. |
Mitchell said
Senator Hanna a good friend of mine,
and. I think Of those / represented
STORM WRECKS SCHOONER IN SOUND.
IDec A "