Bisbee daily review., 1914-09-25
sHARINe THE PRorITs.


 A boon to employees of the Copper Queen mines which is broader in its scope and potential in its benefits than be expressed dollars and al though these will multiply into thousands of dollars, is contained in the proposal Phelps Dodge & Com. pany enter into profit sharing compact with their men. Cold figures in which are written facts so meaningful the cannot conceal the warm motive which aetuates the company in the undertaking.
 Briefly, it is proposed to rebate to the miners who purchase their household supplies from the Phelps Dodge Mercantile Company all net profits accruing from trade transactions other words, the company in its dealings with the undertakes to assist them solving the problem of maintenance in the most prac- tcal manner possible
 Business is business is deprived of us chill and literal interpretation as applied to the new relations to be established between employer and employee "Benev olence benevolence" is the shbboleh now The most Iabid corporation batter find no loophoe through which assan this tender of sincere cooperation Friendness thus born of unchaenged motive and put the proof by the voluntary surrender cold casa profits has the right ring to it. Where distrus-un. merited though might be-exsted before confidence bound place Gratitude is certain to reign in the places where resentment formerly lodged.
 That the policy irauguraed at this time is es pecialy significant Business depression rests no less heavily upon the company than upon the men If ever there occasion for the conservation legitimate profits it is the present E ever there was time when the miner needed material assistance it is now Yet Phelps Dodge Company chose this as psychological moment to put epoch-ma6ing venture to the test. That the path which leads upward toward that sought for pinnacle industrial Utopia is rougbened by uu. usual obstacles present is not taken into consdoro- tion.
 The ten per cent cut in local wages is virtually re- stored to the breadwnrer through the operation the | has been ascortained that the head of the miners family in the Warren District spends approximately sixty dollars month for commodities The company made profit of about ten per cent on it's 1913 business With to the purchaser of this profit his monthly saving on food suns will equal Che and the purchasing power of his earnings will therefore be the same as before the wage reduction Thus good restored in spite Of otherwise hos tile circumstance.
 It must have occurred to MT Walter Douglas, Gen oral Manager Of Phelps Dodge and his colleagues vhc viewed the situation from every slant that the nev is fraught with peril to the profitable conduct of their mercantile business The company may lose The must win. Only third Of the sales of tn, mercantile concern are made to Phelps Dodge miners Twohrds of the stores patronage comes from outsid' This patronage may be diverted in part-prob ably will be-to the stores of other merchants in tl Warren District because the recognized fact that tendency being excluded from the enioymen Of profit sharing may develop among outside buyers They doubtless will forget that the company store ha contributed its full with other in main tanng standard prices and providing standard goods
 There must be compe1sations which the company ea poets realize. These compensations will take the dndlicr spirit kindled between employer and en ployee in the permanency as residents men empo, cd in the mines; in the appeal desirable families ( come to the Warren District where living conditions ar made tolerable by youchsahng to the toier sui sistance qt rock bottom prices
 Each and every company owes to itself its frs duty the conservation of fits interests. obyious, this law was in the mind of the Phelps Dodge Compan when it made this epocha covenant with its men. Ths moral benefits win universally by Of t example set Industry throughout the world is log cal conclusion It is a bigger, brayer otride than Ina ever before been made by an industrial corporatio possessed Of Che tremendous influence maniform aoti iues and power for good exercised by Phelps Dodge Company