The morning journal-courier., 1908-12-29
Iron Master Writes That Cor porations Must Take Work men Into Partnership
 or Perish.
SELF INTEREST IS PASSING
Knowledge of Company's Troubles Will Help to Create Better Feel ing Between Men and
 Employer.

ncgie is among the contributors to the forthcoming number of the Worlds Work Mir. Carnegie's article is mainly upon tho thesis that profit sharing and joint stock ownership be- tween employer and employc is to furnish the final and enduring solu ton of tho labor question"
 Mir Carnegie tells of tho beginnings made by the Carnegie Steel company many years ago when, from time to
 time. the company took In forty or more yhung partners, who paid for
 their interest in the business by their notes, payable only out of the profits | of the business.
 We may look forward with hope, \ writes the ronmastcr to the day
 when it shall be the rule for the work
 man to be partner with capital, the
 man of affairs giving his business ex- ] pericncc, the workingman in the mill
 his mechanical skill, to the company
 both owners of tho shares. and SO far
 equally Interested in the success of
 their joint efforts, each indispensable,
 so that without their cooperation
 success would be impossible.
 "The huge combination and even
 the moderate corporation has no
 chance in competition with the part
 nership which embraces the prnci-
 pal officials and has adopted the sy7-
 tenn of payment hy bonus or reward
 throughout it's work The latter may
 he relied upon as a rule 10 earn
 handsome dividends in times of de-
 pression, during which the former
 conducted upon tho old plan win in-
 cur actual loss, and. perhaps, land In
 financial embarrassment"
 }y way of illustration. he cites the
 ease of the Filane Stores. Of Boston which he says mas gone tarthcst of
 an in tho direction of making its em- ployes shareholders The cstahlsh-
 ment, he says, employs seven to nine hundred men, the capital stock is held
 only by hnpoyes. and is returned 10
 the corporation at its value, should tho cmployc leave the service. Every
 share of stock belongs to some one working in the stores
 "The most important advance says Mir Carnegie "ls that an questions are submitted to arbitration, not only complaints or disputes, but wages, scope Of work, and tenure of cm- rloymcnt
 ''Thc writer believes ono point 70 ho clear, viz, that the next stop toward improved labor conditions is through tho stage of sharcholdIng in the in- dustrial world the workman becom- ing Joint owner in the profits of his labor Payment to slaves and scrfs hy providing shelter and food and clothing for them then by orders upon the stores for articles, up to payment hy cash to Independent Horkmen to- day each great step forward. have | al been tried. and now tho comlnr ! day dawns when payment is to bt made wholly or iu part by profit. | sharing the workman having th,
 status of tho share holding official ana a voice in management as joint owner ' He will be guaranteed minimum Y wage, when finally paid by profits en II tlrely Co keep his mind easy and free II for his work, the proper support o t himself and his family being thus in N surod.
 'It may be mentioned that Inc m
 vestmcnt of workmou partners in th, II United States Steel Corporation hay, II been very profitable to both tho mcr III and the company
 H "One of the greatest advantages IN the writer thinks. win bo found il ,E drawing men and managers into close M intercourse go that they bccom |k friends and learn each others virtues for that both have virtues none know better than the writer, who has soci both sides of the shield as employ 'b and employer In vast establishment bt lt is very difficult, almost impossible ll for workmen and employer 10 ko, each other, but when the manager H and workmcn are joint owners. an both arc paid wages, as even tho pres
 ident of the company is We shall SC sl greater intercourse between them. | Sf the case of disputes it Is certain tha the workmenp partners have a statu nothing else can give, They can at I tend all shareholders meetings, an
 have voice there if desired. En trance Into the partnership cas j means increased power to worltmeI I on the other hand knowledge of th
 company's affairs its troubles, an
 disappolntments which come al intci
 yals to the most successful concern { will teach the workmen much thi
 he did not know before.