White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1914-01-25

races against, at the beginning of the
new year. Let every one who seeks
for that industrial peace and pros
perity for which President Wilson
has spoken, advise with his member
OF congress. Our readers will have
a fine opportunity to do this while
congressman are at home, consulting
their constituents and pulling the
wires for reelection. Impress upon
every member that the prosperity of
the people is the first consideration,
and that We canno be rosperou
while we are driving capital out of
business and labor out of the work
shop into the soup house.
We are In troublesome times. The
slackening of work presages a re-
duction of wages. W. plead for high
est American wages and fullest din
ner pail. The demogogue stands for
his W advancement. He cares
nothing for either capital or labor.
His aim is to set the one against the
other. He has done it too successful
ly In the past. Don't let him do it in
1914.
Remember hal a demagogue never
filled a pay envelope--and never
will,
War Is a fearful thing. We realize
IL horrors when brought in contact
with them. Our hearts have been
wrung by details of battles on our
southern border-stories of dying
men, with bleeding stumps, pleading
in agony for a drink of water; of
children bereft of support; of starv-
ing women; of prisoners shot down
by the score; of tortures of the
wounded and unspeakable ontrages
on women and little children. The
soul revolts at the recital and the cry
goes upward for a worldwide peace.
But there are other warfares be-
side those of the battlefield and with
results as dreadful. Have We stop
ped to think OF the pressing need of
Industrial peace that shall assure to
the countless ranks of labor their
just reward and to capital its profit
able employment A fancied griev-
ance or trifling offense may involve
nations in a sa%nguinary struggle, and
an industrial worfare may arise from
a misunderstanding of economic or
fiscal laws.
The prosperity of our country has
been the boast of its people and the
admiration of the world but within
the past few years what has happen
ed? A lack of confidence in the flu
tnre, n slaekening of trade. a halt
in investment, the completion of few
new industrial enterprises and an al
most total cessation of railroad o n
struction. In the year just closed
the net earnings of the railroads
show a loss of nearly $4,000. goo
and the depreciation in Fl prominent
railroad stocks aggregates nearly
half a billion dollars. There must be
a reason And the reason is the
notion taught by superficial thinkers
that competition Is the f%oupdation of
industrial progress. Nothing could
be more misleading or more disas-
trous to capital and to labor. Moth
ing could more quickly undermine
our prosperity than belief in such a
statement.
DR.. Charles p. Steinmetz. a stud
ent, thinker and scholar, as we'll as
a nan of practical experience in great
affairs. has placed the coun-
try under obligations by point
ing out in the clearest language
that with our enormously INCREASED
means of production, competition
cannot exist any more without self
| destruction, and therefore co-opera-
ton must take its place DIR.
ottfiiittL rtthc " iiPiOoo ~ of'i
pie fact that unlimited competition.
with ability of producing beyond the
demand. forces the price down to the
point where production is at a loss
and thus involves the final destruc-
ton of the industry. He admits that
many of our political economists and
university professors are not yet
awake TO this economic law. but he
declares that cooperation is the
driving force Of u industry, and
competition, which was our indus
trial starter. is dead--just as dead
as the feudalism of the Middle Ages
Is dead"
Signs multiply that the people are
beginning to understand the I'M
p~ortance of encouraging the develop
ment of II industries OF the largest
IL -. ~. rattAno fACtnr In.