New-York tribune., 1908-01-11

Interested in having capital increase as me cap apr
taiist himself As already said, anything tlldt
makes capital idle. or which reduces or destr3;yS
it. reduce both wages and the opportunity
II only Ieenires the effect of a pane through
Mhips n is we or Is ISL 80 Show how Closely uned in
common interest we all are IN moGern nd bs
ness storms which affect certain TO afIect
ali others 1t was much so in olden times s.
when the population scattered, and when eacn
family supplied almost all of Its wants M @Ien b IN IN
the winter, and depended but little on what II
sold and bought pracuosiiy nedni ninfiv cooperatve
Destroy the buildings of city, like San Francisco
psnSenee I that ali the urban population has upon
the rest of the country for more than week
As the population increases, the cost Of pro;
by having them made in great quantities and at q
low price. become dependent on the the wornlns nnf
that a clog in any of the wheels which stop them
causes stagnation and Ids disaster st INV original PROPOSE
ton, laborng should be the ast 70 Jd 3oJed5s
Of Hose Who use it for the reproduction of capital
The thoughtfui and integent Iaoone mas 1e Of
capital engaged in lawful business methods; ;,,,n 70
devote his nights dayst9 the nyestment of
his capital in protabie ia a Tsdcne 1c the
cost Of production and eeonomizng expenses ths{9-
in should be REGARDED aye wTe Is merely g one Of
emulation. he is working not only tor himself pu'
iV The ts inventors on the hand and the men Of
judgment courage and exeeuuSe apiiey wIo enter
nTises on the other. have reaped prncely profits,
which the world may well YELL accord them Tor the
The wealth they accumulated is not wrested from
aSS daa but to the + is genera eng 6ek by the
dustry, Judgment and ability OF those who enjoy
IT, II. with the growth in the population the con
dition of man is to improve, new plans for the
of capital e better adyantage t must be de
ital more rapidly than the population and reduce
What has been said should be misunder-
stood The men who have by economic organiza-
amount of the countrys capital. increased the the
demand and price Of lab9T and reduced 6e The oe
motive has been one of gain and with the ,es de5
disappear and so would the progress of society.
The very advantage to be derived from the Sc
that it turns the natural selfshness and desire for
gain into the strongest motive for doing that with
would and retrogresson would begin
JUSTICE OF FAIR LAWS FOR WEALTH,
1t is greatly in the interest Of the workngman1
Ahy S' nn2ee donP to acts directy
upon wage earners that must look to corporate
Take the large body of railroad employees. Any
drastic legislation which tends unjustly to reduce
the legitimate earnings of the railroad must in the
hat fq rlr"ad bscsse fb a1ger viii uiately
turn toward wages the place where economy
So in respect TO taxation. If the corporation is
made to bear than its share of the pubic
burdens, it reacts directly. first, upon its stock
In the SECTION of iSs6, When the cry was for free
paign of education were enabled to see that while
the serious impairment OF the standard OF value
vantageously for the debtor class, the laboring
belonged to the creditor class.
TO pay They were benef1ted by having their wages
DIRECTLY Interested thar their employers with capt
tai should collect the debts due them IN the same
medium in which those debts had been con-
The truth was that the wage earners were Elm in ef,
feet of the moneyed classes Of this country Try
IN the sense thai thT int ana n rea eaf 0a the
honest payment of debts.
we are suffering now from panic. It was
free capital the world over. by the lack of an
elastic system OF currency ana aISo yead Dy 4e in
Europe through the revelations in certain great
corporations Of business dishonesty corruption and
1t had been necessary for US to purify some of
stop the panic 1t will doubtless make another IN
the far future less likely. Meantime all must sur.
than the guilty. Certainly the iab9Ter VINO t is
is innocent and suffers more than the capitalist
whether innocent guilty who has money 10 I'VE
on The Conclusion seek TO reach is that the work
ingman who entertains Pre9uoee as@S Who % votes
with JUNCTION for the who are urging unJusl
and unfair legislation against him, snd who make e
demagogic appeals acquire popular support n
what they doing is standing IN ms own ~ s tb
is h blind TO 1btb his G%n SS s Interests and Is cutting "
It is to the direct interest OF pnrovnr Tmg or dis
anproving proposed legislation Of this KIND ana 70
the provision is fair just and not on the as
sumption that any legislation that suE3ects COZ %
interest OF the working gman. What l am anxious
70 phasze is that r thSrG is the "1ae nfefet2 of the
weaIthiest capitalists and of the humolest laOorei
are exactly the same
LABOR UNIONS NECESSARY.
But while it is in the common interest Of labor DO.
and capital 10 increase the fruits Of production ye
in determining the share of each in The pTodISl 6
law of supply and demand will doubtiess IN Jne
division yet during the gradual adjustment 70 the the
changing markets and the varying hnanclaI con
dfoas capital viii SUI surely y,io have the advantage un
During the betterent OF business
can seofv xaeee han if II We're left TO the slower
oaeGe oaeration OF of natural T laws and in the
as hard times come on, the too eager eInPi2y?tl
wages The organization of capital into corpora
ons with the position Of adXantase %Gh dT
wages makes if absolutely necessary for iaoor IC
For instance how could workngmen dependent
on each DAVIS wages for living dare to tafe staho
they had not by EMBELLISHMENTS accumulated q
common fund for their support during such
In union they must sacrifice some ndependieGce end 1
OF acion; aHG 'LT1e of the majority in such
cases: but the hardships which have followed m
good effect to lessen them.
Experience too. is leading to t lijIe5
and worthy shall not be lsyelled down to that T 0I
the law and npglPctfui InlS IL btlIS -
toId nv what is called the maximum and minimum
wage.
CONTROVERSY CONCERNS MORE THAN
WAGES.
The diverse interests of capital and labor are
wider considerably than the mere pecuniary ques-
ton of the amount of wages; They cover al the
terms OF the employment, and include not only ths
compensation but also CIRCUMSTANCES that affect
the daily hours of work. the place in which they
work tie provisions for their safety, and every
thing else that is germane TO their employment
The effect OF the organization of labor on the
whole. has been highly beneficial in securing better
terms for employment for the whole laborng com
munity. have not the slightest doubt, and no one
who knows anything about the subject can doubt