The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1908-12-28
ehRNEGIE IALKs



joIut-stoels com pam 80 formed
I 7ile former had undonbteiiiy Ereai
E.Ivanttst over the latter s5Ie Ipc4
/ tIssfnaging theirs own works. b com.
petition with large lctIes or sla$e
/ holders efr4I l0ysftss salarled annt ~
4yreFe certain TO distance their COR
norate coEn petitors and dds so
Ss6thing can stand ga inst. the direct
Enanagement OF oyynerS. ~ .selg
Going on to sReaIys fthe expers
/ fment Of the Cnfted sStafes steel. Coz
I poratIon In tnterestlnE Its officers
and employees IN its siIares,- ar. Car
neEfe says that -eFerS1 corpora ton
could wen a4rorH. togsell shares, TO. is
saving wOrIsfngmen. SWING preferences
In Repayment at cost as "a first
chpryse IN case OF disasters just aH
present laws provide FIRST for the me-
chantc's len and for homestead ess-
enptIon. This IS due to- the work
ingman- who necessarily buys the
shares. without knowledge, ana =
asked to buy them. not solely for his
own advantage. but for the benefit II
tho company a well--the advantaE se
OF both,
The writer points ont that Just
as the mechanical world has chang
ed and Improved. so the world OF la
Dor has advaaced from the slavery
o.f the laBorer TO the day of his alb
sol1te Independence and now thIsf
day. when he begins to take his
proper place as the capitalist-part-
forward with hope to the day. when
IL shall be. the rule for the workman
to be partner with capital. the man
OF affairs giving hls.-bustness eyper-
ience. the workingman in ..tlae min
his mechanical skill, to the company.
both ownerszof the shares and 80 far
equally Interested in the success of
their joint efforts, each .5LTld ispenssi-
Bile, 40 that without their co-opera-
ton success would be Impossible
Replying 10 the possible charge Of
being over-sanEuine ar. Carnegie
declares himself convinced. that tho
huge combination and even the
moderate col-poration, has no chance
in competition with the partnership.
which embraces the principal offic-I
ials ana has adopted the system Of
payment by bonus OF reward throuB-
out its,worIS: The lptter may be. re-
lied upon, as a. rule. to. earn, hand
some dividends in times OF depres-
sion. during which the former, con-
Quoted upon the old plan, will incur
actual loss, and perhaps land in
fina ncIaT :enfbarrassment.
BY way~of.- Illustration he cites the
case ofs,the ISHene Stores. of Boston,
which hea says. has gone farthest OF
all in the direction OF making it's
employees Shareholders The estab-I
Iishmcnt, he says, employees seven toI
nine hundred men. the capital stock
Is held only by. employees. and is. rel
turned nztl1es corpora ton at It's value
wee. Every share OF stock belongs 20
some one working in the stores
The most important advance says
Mr. Carnegie. lis that all questions
are submitted to arbitration. not only
or disputes, but wages.
scope Of work, and tenure of en-
pIoyment More than four hundred
cases of arbitration have arisen, and
the result. is that both managers and
employees have been satisfied that
this is the true plan. When an en-
ploye.s IS discharged he has the right
to appeal to an arbitration board
of fellow employees Of DIFF |
fcrent grades. All wage disputes
have been satisfactorily settled. |
There is a profit sharing department.
having nothing to do with wages. |
which has been able 70 distribute
amounts each year"
He goes on to describe the. work
inEs of the plan. remarkinE Incl
dcntaly thar the F'ilcnc stores are not
exceilcII,-if eIiuallcd in rnakinE prof
It's Hr cites. other examples of
proht-sharinE and, joh4t-ownership.
ana therr c6TlT"s TO. his .gqnRralzationsl
in the course af which he says
among other things;
Whether the communist ideal is
to he finally REACHED upon earth, af-
ter man is SO changed that self.tn-
-erest. which is now the main spring
of human actionlswnr give place 20
heavenly neiEIlbor-i interest. cannot be
<uown. The future has not been re-
realed lie who says yes. and he
who says no, are equally fool-hardy-
Neither knows. therefore neither
should presume to consider. much
eas lcRIslate in their day. for q flu
IRE they can know nothing Of
Tho writer. however, believes one
,otnt to he clear viz, THAI the nest
tep toward Improved labor condi-
Ions Is through the stage of share
iolding in the Industrial world. the
an becoming Joint owner In
he profits Of his labor. Payment %
laves and serfs. by providing shelter