The Bridgeport evening farmer., 1915-01-07

ton. g-t
 The coming of new markets was at tributed as the cause of the Iaborer losing his position as capitalist, owner and manager, and separating himself from his tools. Non the other hand capital has been organized under diff ferent conditions. The power which has been most effetcive throughout of combination.
 Partnership at first answered all re- Quirements but was later found inad- equate and as demand for products
 became more and more it became necessary to change the organization and the next move was the joint stock company in which many men coulu contribute small amounts and swell the capital power of the business unit Following upon the great invention of the steam engine came the develop ment of the limited liability principle as applied to the joint stock idea. and from ths has grown our great trusts and big holding organization.
 On the other hand as the markets
 the Iaborer was cut off from the ous-
 toners he once knew by the interven-. ton of salesmen, as the market grew he was cut of even from a. knowledge of that and finally he even lost his i knowledge Of the very goods he made. and he became a, specialist and was l isolated.
 What is the outcome Of this? If l you were cut off from these different l things you would fight to get them. I It Is only natural though you might
 not adopt the same methods that may 1 seem uncivilized in the light of the
 business world said Prof Galloway. He said he wished to show that I there was an oI1ing ambition
 in the breasts of all that will be there l until some enlistment has been made | 7 l become a critical subject \
 The employment relationship that I has grown up from the isolation of the la,borer is seen in this-the wage pay n1ent.s' AnaIyzing the difference be- I tween wages and salary it was said I that every lafboreF seems to wish to be paid a salary rather than a wage, | the wage meaning that he has been I Iseparated from the control of the bus
 mess and may be severed completely I from it at any time while salary means I that he has some control in the bl1si- l ness and will be paid whether he ae- lscepts the risk of running the business j or not.
 .The difference between labor and capital to-day is that capital has a
 reserve but the laborer has not. The l limit of the wage has an important effect upon the labor reserve. The
 1ahorer who loses to-day's wage loses
 it forever. So the 1aborer has at tempted to fortify himself the same as capital. by combination. This i'm
 portant fact you have been brought to
 consider seriously for you are con I tinualIyS complaining of the lack of i personal loyalty to the factory and the
 amount which has been given to his
 union. Why has that loyalty grown Il up Because he felt that was the on- I ly place he could put himself in bar I gaining for a higher wage. At the ' san 1eaf is a Cea
 for his lack of government in the fac
 tory. So instead of man getting
 back into government in the factory he has simply substituted something
 like administration control outside o1
 the factory; yet he does not get the
 same thing that he did when he was a part owner in the capital of the
 business.
 Now, how are our business man.
 agers trying to bring these elements I.together? First, by profit sharing
 plans and methods of co-partnership p The profit-shar1ng method at
 tenpts to get loyalty of the men by giving them returns from the profit.
 of the business. You all know tho ordinary profit sharing is based upoT the amount of the mans wages and
 that has not worked out very we'll | has fundamental weaknesses AS 2 great factor it is not practical. It.
 fundamental weakness is that it con, meets a. man with trade conditions sftll which he is not responsible and ovtel which he has not the slightest con. trol. Consequently the profits tha1
 are distributed are too small and fol larger ones he has to wait too long. Speaking on this subject the speak CT showed the Ford factory as hay ing apparently been successful, yet h. predicted that the plan would not bt so in the long runs as he was skep , tica1 of the basic principles underlying the scheme that was said to have beer matched in night. Many bushes scientists had said so to MT. Ford on ly to receive the great figures of pres l, er1t saving as an answer and tn statement well it will not hurt thes ! fellows if they do get a few dollar ? before we find that the scheme ha, t failed.
 T Front sharing does not get tn
 men back to that personal relation . ship they once had to the business s said Professor Galloway land the co s partnership idea has gone a little fur s ther in Europe, which, of course. s no more than organized industry upol > the basis of participation of labor il e control of capital. Ut was very sue V cessful in England but here it failed. = The speaker cited Farmers GOOD : erative societies, etc.
 n Taking a fling at socialism, tn s speaker said that the socialist ha n recently been robbed of much of hi d thunder and that he was losing out O p scientific management. The basis c : scientific management rests upon in