New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-02-06

uha, use they are making OF it--snd
the legislators; they will be much In
terested. They cannot be more inter
ested than am"
Would you consider that serious
wrongdoing on the part OF any suen
foundation would endsnger the exist
erce and hamper the proper activities
OF ell?
NOV. considering the experience OF
the past, do you conceive that there
would be anything wrong about put
ting regulations in the Constitution or
these charters. that might prevent any
such occurrences within these bodies7
Glad to Make Progress.
"I think that a, any time that any
thing OF that sort ia made msnifestly
desirable b. these drectors-these
trustees that they would be the ones
that would be glad 70 take sny such
progressive step, II indeed II were pro-
gressive"
That is, that !, would have 70 come
or more properly come from the IN
side OF the organization? Did ] under
stand that correctly
/ "Yes. az the present time, unless the
legislatures had complaints 10 make
well, in the insurance companies
where Il was concentrated, a. least TO
the extent OF the interested persons
being policyholders. did you not OBJ
serve that the existence OF the abuses
covered many years and that IL was
with great difficulty that large num-
Der OF the policyholders and stoekhold-
ers brought about the even better con-
j ditions through legislative inquiry"
81 did not follow that insurance az
. RI r Ia
the details or particulars OF that IN
my mind had no personal interest IN
4 il. I believe, in one way or another.
. Chairman Walsh In the answers
which you have already made 10 the
commission-in addition 70 them
would Ike TO ask few additional ques-
tions. You say under the terms Of the
rlause Of my letter OF gift you reserve
this right; that is. 20 hold personal
control OF portion Of it,
Yes"
at is stipulated that the objects
must be within the corporate purposes
OF the Foundation"
"Yes."
81 believe that letter % gift was the
paper which alone transmitted the title
Of this sl00.0 900 70 the Foundation.
or was there another deed or document
passed 10 the Foundation -
My attorney would know better
about that | should think that would
be the order OF the transfer
Young Men for Advisers.
Speaking OF the men with whom he
surrounded himself, Mr.. Rockefeller
said his policy had been TO select clean.
ambitious young men; they become
good advisers. He said he had not seen
some of the men supposedly closest TO
him more than once a year. He mas not
attended any OF the meetings OF the
Rockefeller Foundation. And he does
not follow the questions about INDUS
trial relations in which his Foundation
takes an interest, except when John d.,
jr, brings special matters before him.
He had not discussed the Colorado
strike situation with any OF the trus-
tees Of the Foundation.
What responsibility do you believe
that directors have for labor conditions
in the industry in which they are d.
rectors?" Mr.. Walsh asked.
81 should say" the witness replied.
that the responsibilities in connection
with the labor question we're lodged
with the officials appointed for that
particular purpose. on account OF their
fitness for such position.
, Because he has been out OF active
, business for many years. Mr.. Roeke-
, Teller said he could not answer ques-
? ton as 10 the duty Of directors TO get
reports on labor conditions. On the
,oueston OF labor organization he said ::
81 would accord TO all men the right
to organize themselves-the working
man and the business man as we'll
tfatt m
TO safeguarding the interests OF the
! public or parties concerned. As TO
permitting workers to participate in
the profits, I believe the best way to
help the laboring men is TO give them
steady work and wages which they can
, earn-fair wages. I believe that that is
better than any and all Of the charities.
And I believe that the good laboring
men would prefer to have the labor
and their honorable positions rather
than to have any charity.
Laborers as Partners.
81 will be very happy TO see the la
borers gradually become the owners
of these same prosperous businesses
TO which YOU refer. ! should be only
TOO happy to surrender my holdings in
mart or I'm any or all that the laborers
might come into the relation to the
enterprise and have their representa-
ton on the boa rds Of directors accord
ing to their ownership, just the same
as all other shareholders. thus giving
them the profits to which you re-
ferred: giving them in addition 10
their labor these handsome profits
which YOU are having In mind.
should be very happy 10 have them
get these profits and feel that they
we're my partners"
Mr.. Rockefeller said he knew nothing
Of conditions in Colorado al the time
OF the strike nor when he became an
investor in the Colorado Fuel and Iron
stock
81 would not ask any privilege" he
said in response 10 question, or
right for myself that I would not ac-
cord to the humblest man. ] have al
ways stood right there.
An EXCERPT was read from his sons
testimony before the Congressional
Committee on Mines and Mining. which
bespoke a kindly interest in labor. Nr.
Rockefeller commented:
"Well, | feel decidedly that the en-
nlover must stand by his loyal men.
lie cannot be treacherous to those men
who render faithful service in their
Luties and b. all means the employer
should stand By his faithful employees
With thanks, Mr.. Rockefeller was
excused. He returned the thanks.
Charles A. Lindbergh, Representative
from Minnesota. was tn last witness
When he had finished, Chairman walsh
said:
81 regret that We could not give you
hotter place on the programme
Mo,ris Uilloult. tire Socialist, was
the other witness OF the day.
To.day's will be the last o. the COM
MISSIONS hearings in this city.