Daily press. [volume] (Newport News, Va.) 1896-current, 1908-12-29
BELIEVES N JOINT OWNERSHIP
Profit Sharing Between the Capitalist
and the Employe Furnishes soIu-
ton to the labor Problem, He De-
DecIares-No Ono Knows. howev-
er, what the Future viii Bring.

The OintStOck form opens the door
to the participation OF labor as share
holders in every branch OF business.
In this. the writer believes, lies the
final and enduring solution OF the
labor question. Nothing can stand
! against the direct management OF
Owners. We are only pioneers whose
duty Is to start the movement. leav-
ing to our successors its full and free
development as human society ad-
vances"
These are striking statements
found in an article by Andrew Car
negle in the forthcoming January
number Of The Worlds Work made
pubic today. An editorial note
states that the article is taken from
Mr.. Carnegie's new book problems
OF Today and that it is published in
the magazine because Of the re-
markable--it might he called even
sen observation-disclosures that he makes
Of the continued improvement in the
position OF labor till profit-sharing
does its perfect work and the laborer
and the capitalist become the same
men"
Mr. Carnegie tells OF the beginning
made by the Carnegie Steel Company
many years ago by making from
time to time 4O-odd Young partners.
who paid for their /" crest in the
business Great care. Mr.. Carnegie
says, was taken to admit workers OF
the mechanical department which had
hitherto been neglected by employ
ers. Speaking further on Of the COM
bination OF many steel works into the
one United States Steel Corporation
he says that the problem presented
ives not altogether new. "for indi-
vidual and corporate MANAGEMENT
have co-existed since joint-stock com.
panies were formed. The former had
undoubtedly great advantages over
the latter. Able men managing their
own works. in competition with large
bodies OF shareholders employing
! salaried managers. were certain to
distance their corporate competitors.
and did SO. Nothing can stand
hFainst the direct management OF
| owners"
Of the United States Steel Corpora
ton in interesting its officers and
employees in Its s.ares Mr.. Carnegie
says that every corporation could
| we'll afford to sell shares to its saving
workpen giving preference in repay
ment at cost as a first charge in case
OF disaster. just as present laws pro-
vide first for the mechanics lien and
for homestead exemption. This Is due
to the workingman who necessarily
lays the shares without knowledge,
and Is asked to buy them. not solely
for his own advantage, but for the
benefit Of the company as well-the
advantage Of bot.
The writer points out that "just as
the mechanical world has changed and
improved. 50 the world Of labor has
advanced from the slavery Of the
laborer to the day Of his absolute in
dependence and now to this day when
he begins to take his proper place
% the capitalist-partner Of his en-
ployer. We may look forward with
hope to the day when IL shall be the
rule for the workman to be partner
with capital. the man Of Affairs Civ
Ing his business experience, the work
ingman In the mill his mechanical
skill. to the company, both owners
Of the shares and SO far equally In
terested in the success OF their point
efforts. each Indispensable. 50 that
without their cooperation success
would be impossible
Replying to the possible charge OF
being over-sanguine. Mr. Carnegie de-
clares himself convinced that the
huge combination. and even the
moderate corporation. has no chance
In competition with the partnership.
which embraces the principal onicials
and has adopted the system Of pay
ment by tunus or reward throughout
It's work. The latter may be relied
dividends in times Of depression. dur
ing which the former. conducted upon
the old plan. will incuJ actual loss,
and perhaps land In financial embar-
rassment.
BY way OF illustration he cites
the case Of the Fflene Stores. Of
Boston. which he says has gone
farthest Of all In the direction q
making its employees shareholders"
The establishment he says. employs
seven to nine hundred men. the capt
tai stock ID held only by employees.
and Use returned to the corporation
At its value. should the empsoye
leave the service. Every share OF
stock belongs to some one working
In the stores. The most important
advance" says Mr.. Carnegie Is that
ali questions are submitted to arbi-
tration. not only complaints or Dis
putes. but wages. scope OF work. and
tenure Of employment. More than
four hundred cases q arbitration
have arisen. and the result, 10 thst
both Managers and employe have
been satisfied tbat this 10 the true
plan. wAea IN employe 10 dischars.
Cd he hsa the right TO appeal 70 an
1bitra9io0 boord composed oe -
! Iow empseyes :: dtRereuf srs1es.