New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-02-08
CHEERS FOR ROOSEVELT
AId;ne Association Expected Him
at Dinner, but AppIauds Name.
CAPITAL AND LABOR THEME
John Mitchell Says Day of Indus.
trial Peace and Agreement
Is Not Far Distant.

The Aldne Association gave n capital
and labor dinner in the cIubrooms. I'm the
Ffth Avenue Building. last night. at which
the subject was discussed by John Mitchell
Marcus VI. Marks, Frederick w Taylor
/ Of Philadelphia. and others The dccora-
ton scheme Of the clubrocms included large
plaques u the labor mans brawny arm.
tho dollar sign and money bags along the
walls. while above the speakers table a
genuine shovel and pick were crossed
Empty dinner pals served as vases for the
table flowers
The association expected that ex-Presl-
dent Roosevelt. who Is a member. would
he present and when Herbert l.. Houston
the POSTMASTER mentioned his name ana
expressed Colonel Roosevelt's regrets the
/ two hundred members present stood up and
cheered and waved their napkins.
Mr.. Mitchell smoke optimistcaly OF the
future relations Of capital and labor ana
prophesied that the day was coming "heh
the right Of organization among workmen
and employers would be fully recognized
and freely conceded and labor troubles ana
their attendant hardships and losses woulo
have largely passed away.
When this right OF organization IS tulS
recognized by both sides and these TWO
forces adopt and practise the pohc! OF
collective bargaining. the day OF the s'',Ao
and the lockout. of the boycott ana ,"e
blacklist will be relegated to the past
| said Mr. Mitchell.
IF the interests OF labor ana cap''o'
were identical. as some contehd' nc
would be no chasm between them 10 o'i"se.
mr. II they were irreconciable. as others
contend. any effort TO unite the'Il W."
prove futile" continued Mr.. Mitcheh'
From a long experience am OF 'ne opi'',o''
that neither proposition is true. MY )udg-
ment is that the interests OF capi'"i ".'N
labor. though divergent in some respects
arc nevertheless reciprocal and interde-
pendent The employer and the employe
are mutually interested in the suCceHSiN VI
conduct of industry the profits Of the one
and the wages OF the other are obviously
contingent upon it, as both prohts ana
wages must be paid from the earnings oil
the enterprise in which the capital OF the
one and the labor of the other are invest
ed. The effort to find an equitable distribu-
ton of the profits Is the essence OF 'ne
labor problem to-day.
The trade agreement is the bridge be-
tween labor and capital II restores. as
far as possible to do so. the personal reia-
tionship, the mutual interest which existed
| prior to the advent of the factory system.
/ II Is an acknowledgment Of the interde-
pendence of labor and capital
Mr.. Taylor said that in the future he
believed the eyes of both sides would be
turned toward the task of increasing the
surplus to an enormous extent rather than
considering how to divide IT, There would
be an entirely new alignment between
labor and capital, he said, brought about
by so-called scientific management
mutual and systematic study Of the work
I'm every trade by both the workman and
the employer. which greatly increased Of
! ficiency, profits and wages. and had proved
equally beneficial to both sides. II was not
theory, he said. but was successfully
practised in many manufactures and other
businesses to-day.
| Mr.. Marks urged Cancellation and arbitra-
! ton in labor troubles. Capital working
/ with labor. instead of against, IL would
! create spirit of understanding and good
will on both sides. which was the most
essential thing. he said.