The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-26

capital. however rightly managed or
broadly benenccnt, are thereby brought
under suspicion. Likewise 1t sometimes
happens that combinations Of labor are
conducted without Just regard for the
rights of the employer or the public
sD2,OOO,OOO Paid In Wages.
Since we first acquired an interest in
the Colorado Fuel and Iron Company in
1902 the company has paid out in wages
to It's employees over Sa2.oOO,0OO During
the same period we have received div-
dends amounting TO 1871. 900 on our in
vestmcut I'm the companys capital stock.
Therefore our stock interest IN tho Colo
RADIO Fuel aud Iron Company has yielded
return of about two-thrds of ] per
cont per annum on an actual cash invest
mcnt Of about SG.0O0,00O II should be
stated that W. hold. In addition 10 the
stocks above mentioned, a block of bonds,
but that our entire Investment In the
stocks and bonds Of the Colorado Fuel
and Iron Company has yielded during a
period of twelve years not more than
3ia per cent per annum. Yet during
that time. instead % exploiting Tho in
dustry, as has been frequently stated. We
have supported a policy OF development mt
by devOting surplus earnings to improve
ments, thereby Increasing employment
and generally extending thC business
rather than paying dividends
As to the strike itself. It's many dis
| trossing features have given me the deep.
4 est concern ] frankly confess that felt
/ there was something fundamentally
wrong in condition of affairs which rem
dCrCd possible The loss Of human lyus.
engendered hatred and bitterness and
brought suffering and privation upon hun
drCds OF human beings. Without seeking
/ TO apportiou blame I determined tn,t On
so far as lay within my power would
4 seek means Of avoiding the possibility of
] similar conflicts arising elsewhere or IN
the same industry in the future II was
| In this way that came to Recommend
| TO my colleagues IN the Rockefeller Foun-
dalton the institutng OF a series Of
studies into the fundamental problems
arising out Of Industrial relations. which
resulted in securing the services OF Mac
! kcuze King. former Minister of Labor Of
! Canada, to direct the studies
/ The strike was called off December 10,
/ 1914. on December Is Mr.. David Gr.niths.
/ formerly State coal mine Inspector OF
, Colorado was appointed pr intermediary
q between the company and its EMPLOYEES
| respecting matters " mutual interest
on January . . notice was posted at
MI the companies mines inviting the cuI-
plOyces ot each Of the mines e. assemble
in mass meeting iu select by ballot one
. representative to every 200 employees
. iu each camp to represent the men at a
JOINT meeting OF themselves ana IN" exc
cutivc officers - the company in Denver
/ FOR the purpose OF discussing matters of
mutual concern uud Of considering means
! of more effective cooperation In main
tuluiur fair and friendly relations"
I'm the published notice OF these meet
ings it was stipulated that IN order that
the men might feel the greatest freedom
m making their selection they should
choose their own chairman and neither
/ Supe riutcudcnts nor pit bnsScs should ~
tend.
! have received from the president %;
! tho company t"legrarI Informing me
that "a J int conference was held IN
I Denver on the 18th inst, that the meet
4 lnE had proved most satisfactory TO all
concerned and that its spirit had CON
WINGED the management that II would lead
( 60 more active cooperation between the
: company ana 10 employees In the