The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1908-12-29

NEW YORK. Dec. 2S.-"In the fu-
tnre. labor is To rise still higher. The
! joint stock form opens the door TO
/ the participation of labor as share
! holder in every branch of business.
i In this. the writer believes, lies the
! final and enduring solution of the la
/ Dor question. Nothing can stand
+ against the direct management of
owners We are only pioneers whose
duty is 10 start the movement, leav-
! ing to our successors its full and free
development as human society adj
vanees.
These are striking statements
found in an article by Andrew Car
negie in the forthcoming January
number of The Worlds Work made
public today An editorial note states
that the article is taken from Mr.
Carnegie's new book. Problems of
Today" and that IL is published In
the magazine because of the re-
markable-it might be called even
acknowledgements that he makes
of the continued Improvement in the
position of labor till profit sharing
does its perfect work aud the la
borer and the capitalist become the
same man.
Mr.. Carnegie tells of the begin
nings made by the Carnegie Steel Co
many years ago by making from time
To time 40 odd young partners, who
paid for their interest in the bust
ness by their notes, payable only out
of the profits of the business. Great
care. Mr.. Carnegie says. was taken
TO admit workers of the mechanical
department which had hitherto been
neglected by employers. Speaking
further on of the combination of
many steel works into the one United
States Steel corporation he says thet
the problem presented was not alto
gether new. for individual and cor
porate management have co-existed i
since joint stock companies were
formed. The former had undoubted- /
y great advantages over the latter.
Able men managing their own works,
in competition with large bodies of
shareholders employing salaried
managers. were certain 10 distance
their corporate competitors. and did
so. Nothing can stand against the
direct management of owners.
Going on 10 speak of the expert
ment of the United States Steel cor
poration in interesting its officers
and employees in its shares. Mr.. Car
negie says that every corporation
could we'll AFFORD 10 sell shares to its
saving workmen. giving preference in
repayment at cost as a first charge in
case of disaster. just as present laws
provide first for the mechanics lien
and for homestead exemption. This
is due to the workingman who neces-
sarily buys the shares without know
ledge. and Is asked To buy them, not
solely for his own advantage. but for
the benefit of the company as we'll
the advantage of both"
The writer points out that just
as the mechanical world has changed
and improved, so 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 as the capitalist-partner of his
employer. We may look forward
with hope 10 the day when 1t shall
be the rule for the workmen to he
partner with capital. the man d af
fairs giving las business experience.
the workingman in the mill his me-
ehanieal skill, ~ the company, botn
owners of the shares and SO far
equally Interested in the success of
their joint efforts, each indispensa-
BILE. so that without their co-opera-
tion success would be impossible.
Replying 10 the possible charge of
being over-sangnine, Mr.. Carnegie
declares himself convinced that the
huge combination, and even the mod
erHte corporation. has no chance in
competition with the. partnership.
which embraces the principal Off
cials and has adopted the system of
payment 10y bonus or reward through
ont its work. The latter 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 finan-
eial embarrassment.
BY way of illustration, he cites the
case OF the Filene stores, of Boston,
which he says has gone farthese of
all in the direction of making its EN-
ployes shareholders. Inc establish
manf he saws pmnlovs seven tn nine