Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1912-08-05

mel Roosevelt made his great speech
to 10, 900 persons in the Boston Arena
last spring he read a list of men who
were supporting President Taft, and
then a list Of those supporting him,
One was a list of bosses like Penrose
and Guggenheim, the other a list of
Progressives like Pinchot and Gar
field.
'"How about Perkins," somebody
yelled.
Perkins," shouted the colonel. with
the greatest enthusiasm. Perkins is
with us!"
And the crowd cheered, having been
imbued with the idea that Perkins
was a tremendous asset to the Pro
,gressive cause and one to be boosted
of.
That is Colonel Roosevelt's honest
opinion. The fact that George w,
Perkins was once a partner Of ]. p,
Morgan doesn't alarm him in the
least. He simply takes tn" position
that Mr.. Perkins is a very expert
enced and competent a who has
become tremendously interested in
working out a solution of the great
industrial problems of the day and is
going his way. He has known Mr..
Perkins well for many years and has
full confidence in him. Hence he well
ONE his society.
Perkins Earnest Crusader.
man about the Progressive head
quarters who doesn't believe that Mr..
Perkins is just as earnest and just
as disinterested a crusader for the
Progressive principles as Clifford Pin
.chot--which incidentally is saying a
whole lot.
They have a chance to know him,
too. for he is down every day at the
Manhattan with his collar off, work
ing in his shirt sleeves with the rest
Of the staff-a nan of medium size,
just turned so, smooth shaven, alert,
full of energy.
Mr.. Perkins resigned from j. p.
Morgan & Co. 0 long ago. He told
his friends that he was tired Of
money grubbing, and thai merely 20
accumulate more after he had enough
to live on comfortably had no attrac-
ton for him, but he felt that the
modern Industrial development had
produced tremendous problems and
that If these were not solved cor
rectly things might go to smash, so
he decided to devote what time he
could in his remaining years to work
ing on the solution.
He still retains some of his corpora
ton connections. But it is known
that he is ready TO give these up il
his friends should think he could dc
more for the Progressive in tina
way. incidentally, they don't think
so.
Offers Property Safeguard.
His position is much like thai OF
Rudolph Spreckels. Of San Francisco
who says frankly that he is in the
Progressive movement for selfish rea-
sons, because he feels that it offers
the only safeguard for property. Thai
is. so long as social and industrial in
justice persist. property is not on q
stable basis.
II went into the Progressive move
ment,'' Mr.. Perkins said TO a CORE.
s%pondent, because, to my mind, it
offers the greatest promise for work
ing out those problems that are before
us. Human welfare is being consid
cred as 1t eve was before.
My connection with the life insur-
ance business led me naturally into
increasing interest in welfare work
Life insurance, you know, is con
eerned with human values rather
than with material values. In my
work with the New York Life Insur.
ance Company I got interested in in
dustrial development, and I went witt
Mr.. Morgan. not as a banker, but a!
a specialist, il you will, in indus
trials.
THE human factor is of the creates
importance in a large industrial enter
prise. The spirit of the employees
makes all the difference in the worlC
in the success of a concern. They cal
be Indifferent, ~perfunctory in thei,
work, wasteful. Or they can be alert
intelligent and concerned with tn
prosperity Of the company.
80 early in the history OF tn,
United States Steel Corporation W,
worked out a plan for proflt-sharing
based on the sale to employees o
stock on advantageous terms.
Businsss-Not philanthropy.
"As chairman of the finance com
mittee I sent out a circular to stock
holders telling them of the plan ant
ASSURING them that we did not re
gard it as a philanthropy, but as
business proposition. A year ago W