Valdez daily prospector., 1915-10-19
AS IT APPEARS TO ME.

A
 | Many, contend that the interests of Capital and Labor are identical; and that there should be no friction be- tween these two forces which have be- come organized to such an extent as to attract the attention of the nation as whole Having made some prac- tical experiments on both sides of the issue, and without having looked up to any extent, any date, past or pres ent, touching therein, I record my impressions as follows:
 Up to a certain point their inter- terests are identical. It is to the in- terest of labor that capital be en- icouraged to invest, to develop, and to earn sufficient profit to make such in- ivestments attractive. It is to the in terest of capital to employ labor, to see that it is properly fed. and to en- courage it in physical, mental and moral development. This would be true even though human beings were looked upon just as so much machin- cry, or so many dumb bfutes. Every wise manager knows, that to get the best results, humanity, machinery and dumb animals must be kept in the best possible condition. At this point the interests of capital and la bor quite naturally drift apart.
 The interest of capital does not re- quire that labor create any reserve wealth, or that it make any profit. Therefore, as to whether labor shall have such profit, depends on three conditions, namely: The ability of capital to pay such profit; it's willing ness to part with u, and the ability of labor to command it.
 Too much profit and unbridled au- thority.general result in lax methods, unwatchfulness, luxury, and some times dissipation, in both business and private life. This is equally true of both capital and labor. When from any cause the capitalist finds that he is unable to make the profits to which he has been accustomed, and is denied the pleasure of con- ducting his business and private af- fairs free from worry, he seeks along the line of least resistence to reduce the cost of production and operation; and if labor offered no residence this would no doubt often result in reducing the standard of living for labor to conditions unwholesome to labor and society in general. Labor, when it finds it cannot continue to live according to it's usual standard. be that high or low, may quit and seek higher wages elsewhere; not finding any relief in this they pro- ceed to organize, to control the sup ply and to raise the price to capital, whom they may believe are making more that their share of profit. There is no capital tied up in labor, there fore no loss to capital when labor is dispensed with.
 A capitalist is concerned in the welfare of only such labor as he is employing. On the otherhand labor feels no remorse or regret when their demands cause any capital to go un- der, for there is always some one to commence on the ruins of the other fellow.
 Generally speaking we are all la borers, from the president to the Of flee boy. The head of the business is confronted with two problems: pro- duction, as cheaply as his competi- tor, and commanding selling price at which he may make sufficient prof.
 it to justify continuing the business.
 It Is to the interest of every individ-
 ual to give the best that is in him to
 the business, just so long as the busi-
 ness gives to him sufficient wages or
 profits as will provide for him and
 those dependent on him the require
 ments of life and reasonable hope that he will be provided for when nc longer able to work. It is evident that if a man earns no more than
 running expense that when he is nc
 farther value to business he must
 go to the scrap heap, unless his chil.
 dren or the Government provide fol him. Such an outlook to the average
 man is not attractive. While it may