Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1900-1911, 1910-03-13
TRADE INTERDEPENDENCE WILL
BRING PEACE, SAYS CARNEGIE
Ironmaster Marvels at San FranciSco's Pro
gress, breaches Gospel of Optimism
at Banquet Given in San
Francisco

drew Carnegie was the guest OIL nohoa
tonight Of the chamber of commerce
at a banquet attended by many Of the
leading citizens of this city.
The address of welcome was made
by President William Gerstle of the
chamber, and among the other speak
ers were Governor Gillett and Judge
w. w. Morrow.
Mr.. Carnegie commented on the re-
building of San Francisco and COM
mended its citizens for the energy
they had displayed In recovering from
the disaster OF 1906. His prediction
that trade interdependence would III
timately bring about universal peace
was heartily applauded.
IN his address Mr.. Carnegie ais
cussed a number of subjects, ranging
from purely local questions TO the
tariff and international trade rela-
tions.
Tomorrow the Carnegie party will be
the guests of State University Regent
A. w. Foster in a trip to Oakland ano
Berkeley.
MIR. Carnegies speech follows:
MarveIs at Transition
Mr.. Chairman, Your EXcellency
and Gentlemen: My first words
must be those of thanks tor the
great honor you have conferred
upon me; the second must express
my establishment at the marvellous
restoration of your city which l
have this day bel.eld. You nave
broken all records. History mas
nothing to compare with the task
you have performed in restoring
great city by erecting greater
upon its ruins.
We, fortunately, live in this, the
most stirring of all the ages Oh
change and progress. never mas
the world experienced century OF
such progress, and among all the
changes in the conditions of hui
man life it may well be doubted
whether any be greater than that
which is at work in the Industrial
world of today. to which most OF
us belong. A revolution has taken
place in manufactures ana com
merce in our day equal to that
which occurred in the days or our
fathers, by which the Few power
looms owned by the workers were
superseded by the steam loom,
thousands concentrated In one
factory. Commerce also was then
in its rudimentary form. What
Won would now regard as a whole
sale order was unknown. Point
zeal economists then believed that
cost of transportation would pre-
vent concentration of production
and compel preservation OF the day
of small things, creating small pop
ulations in numerous villages ana
small towns,
Arbitration Must End Wars
rrbis indenen 1ence of nations
must soon awaken men to the folly
of war and war ships built TO fepel
imaginary foes. league OF ma,
tions must soon come. which VIII
saw TO the others who persist IN
standing aloof, If any prove SO 1901
ish. that one or two nations can
no longer be allowed to disturb the
peace of the world, III Whlen az
nations are so deeply interested
Thev must settle disputes. II inter-
national disputes they have, by
peaceful arbitration.
N Is therefore, with delight l hail
the proposed court of commerce as
proposed by our far-seelng anu
iudicious president, in accordance
with the policy Of his marvellous
PREDECESSOR. This movement, OF
which our country is destined 10
become the pioneer, Will put the
land of triumphant democracy IN
its proper place as leader or the
world for the worlds good III tne
realm of industrial progress. 10
tho old home of our race in Britain
we are largely indebted for its re-
marl<able manufacturing and COM
mercial system In which ii led the
world. We are about to repay the
dent in returning to her the new
system adapted to our advanced
day, the regulation and subordina-
tion of the Industrial world, max
ing il weapon for improving the
conditions of life, not primarily for
the few, although those also VIII
live higher and better lives, but Tor
the many--the workers, not the
capitalists; and yet, improving the
latter also. for in the highest sense
human life Is elevated just as the
toiIipg masses are advantaged.
There can be no happy life for the
rich IL happy lives be not within
reach of the sober, industrious,
law-abiding. self-respecting toilers.
Endorses Pension System
You have noticed, l trust, with
intense interest and approval the
growth Of action upon the part of
the foremost employers to interest
their WOIkIltH nudHNlhiy III AilN
product of their labor Supreme
Importance should be attached TO
this movement. No less than about
200 commercial and manufacturing
establishments in our country have
interested their employees in vary
ing degree and in various forms as
owners with them. The movement
is spreading in some of the coun-
tries of Europe. Germany especially
is distinguished for the growth of
pension and life insurance funds;
Britain is now moving in the mat
ter, and we see in our country it
is being rapidly established by our
railway and steamship companies.
On every hand we have evidence of
the coming alliance of capital and
labor. The most profitable invest
ment that the employer can make
is one which draws his workmen
and himself into closer alliance in
the bonds of mutual interest. We
must prepare for a vital change in
this respect in the relations be-
tween capital and labor In my
experience / soon discovered that
there is no money. no time so prof
itably spent as that spent in in
creased care and increased rewards
for the laborers' good.
Discusses Selfishness
The pessimist may here be dis
posed to believe that the thirst for
wealth will impel the ablest to labor
for his own gain regardless of his
FELLOWSHIP milliardom always in
view. Let us consider this point
of view. Is this really the rule
today throughout the realm of
business? l do not think so: at
least the exceptions are already
most notable. Take our vast rail-
way systems as the greatest in
dustrial organizations. Is McCrea,
rrnsidnnt of the PENNSYLVANIA sVs-