New-York tribune., 1908-01-11

Ohio The boycott had been ordered by local
union and after the firms business had been
ruined il recovered a judgment against the
union But after fifteen years not a cent Of the
Judgment had been collected. Mr. Taft salo
this was an example of how an injunction might
be well used
A few minutes later some one asked: III IL
takes firm fifteen years to collect $4,000 YER
dict how long will il take the government TO
collect a sas,oo0.0oo fne?"
The audience shouted with JOY. and MI 1ait
laughed so hard that ii was several moments
before he was able TO admit that he WASH
enough of mathematician to answer the ques-
ton
Mr. Taft seemed TO be amused at quesuon
asking him If he didn't think socialist methods
would solve many of the troubles between cap
ital and labor. He said he wasn't quite sure as
10 what socialism meant, but that, as he under
stood it it consisted OF state of life IN which
committees determined the value OF every man IS
services And ne was sure he would rather i've
under the present system, unless he could be on
the committee that determined his value TO the
community The audience in the main seemed
pleased. but there were some, TO judge from
few Misses who thought the Secretary was too
facetious in his treatment of the socialist idea
The Secretary grew serious when he touched
on government ownership He said such an ex-
pertinent would put too much power into the
hands Of the government, and then raised
laugh. exclaiming in mock tragic terms, And
Heaven knows there is enough power concen-
frated in Washington now.
The Secretary barked out sharp answer 10
ouestion as TO why union man who was black
listed should not be able TO enjoin employers
He should" he shouted. And then as he
turned away Mr. Taft said. half to himself, 'and
If / were on the bench I'd give him his injunc-
ton"
Mr. Taft was enthusiastically cheered at his
entrance and after many of his points There
were Kisses mingled with loud cheers when, in
reply to q question. he said he did not believe
in socialism. The same reception was met when
cheers for ''our next President" were called for
once or twice
MISTAKE IN INTRODUCTION.
Charles Sprague Smith. who presided caused
2 lot &C fun at the start by introducing Mr.. Taft
as Secretary Of the Navy. The audience cor
rected him with howls of delight. and Mr.. Taft
caused much amusement by saying that il was
little trying for the head of the War Depart
nlent TO be introduced as the chief of what army
men regarded as an inferior branch of the ser
vice
The Secretarys speech follows:
Ladies and Gentlemen: / am going to ask your
fs their common interest, their necessary contro-
yersies their lawful acts and the legal remedies
Looking hack to a time when society was much
ruder and simpler, can trace the development of
certain Institutions that have to be the basis
OF modern civilization We can N hardly c conce6re &
erty. because involved in personal liberty is the
principle that one shall enjoy What his labor pro-
Property and capital were first accumulated in
implements and personal belongings, the
value of which depended almost wholly on the
reirant 81 grew he Produced by his labor not only
enough for his immediate necessities, but also a
surplus. which he saved to be used in aid OF tut
ure labor ,-.-,. -, ..,,..s
LABOR VIC Would produce was thereafter increased.
There followed at length the coroilary that ne
The product OF anothers labor was entitled to en-
joy share in the joint result, and in the liking OF
these shares the first agreement between
labor and capital. -, -
The certainty that man could enjoy as his own
that which he produced or that which ne & faVgo, f
stffion of nriVate property and the strongest
tive industry beyond that needed merely to live
tai in the world 1t is the handspring OF human
&c a9n @ sqT ~4Sh a Rss fo modern civilization Without
be would sun be in the ef PeF11s st OF OF
gorgng unresTanedA la appetite Of labors produc
ton and reduced the cost in labor units Of each
produced. The cheaper the cost OF proquoil1n t
necessities Of life and the mo more se he comforts mac TO
frTsasd ls the more possible became happiness and
The aTearer the opportunity for the cultivation OF
the higher instincts of the human mind and soul
ALI. HELPED BY INCREASE OF CAPITAL.
Moofu IL reTv one to increase the amount OF
tai in use in the world, and TINS can ohi. De done
6Z fnsiuta:nins the motive for the increase
Labor needs capital TO secure the pest proouc
4bing The share Of each laborer in the joint
lToguct is affected not exactly, but IN a general
~ith Is the '' humber Of those who labor.
The more capital in use the more work there is
10 DO and the there is TO Go the more, Ia
borers are needed. The greater The need for labor
ers the better their pay per man Manitestly, II
Is in he direct interest of the laborer that capital
shall increase faster than the number OF those VINO
Everything, therefore, which legitimately tends
1~cr the AT
use FOR pToduction viii give each labOTer larger
s.tIe OF The Joint result Of capital and labor II
10 benefit at all from wealth which Is not used
Hcfbj3g IS 50 likely TO make wealth idle as in
security Of inFested capital and property II fol-
lows, q necessary conclusion, that 10 destroy
tle guarantees OF property is direct blow at the
interest of the workingman
velious development. II has been effected by the
assembling and enforced cooperation OF simple
clements that previously had been separately used
The organization 4 powerful machines Of del
man was Increased nifty or one hundred fold, was.
however not the only step in this great pr gress
under one management the less the expense per
Therefore. the aggregation ot capital. the other
s'ls s s1s.ne' en- b1os b1{n amer Mons n Prooncng any
ony in the manufacture Of everything. Corpora
tions had long been known convenient CONNER
cisl Instruments for welding combinations of cap
Charters were at first conferred by special act
upon particular individuals and with varying
powers. hut 50 great became the advantage Of in
corporation. with the facility afforded for manag
ing great corporations. and the limitation of the
IaD!iilE % lhNts'ors Ihat u NaS oeenned wise in
TINS country IN oroer 10 prevent favoTitsm
create corporations by general laws. and thus 70
with.
of the corporations and the assumption Of tho cor
porate form by seven-eighths of the active capital
For long tirne, it was contended that the in
t-oduction Of machines 10 save labor would work
things he