The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1917-11-17
Especial to The Times.)

bOSION, NOV. lI.-LaDOr ana
capital are to have equal power in
the directorate of every large cor
poration in the future, according
to a plan proposed by the eminent
statistician, Roger w. Babson, in
an address before the Cambridge,
Mass, Board of Trade.
THE corporation of the future
will have only three directors"
said Mr.. Babson. zone of them
will be elected by the investors in
the corporation who could be COM
pared to the present stockholders.
This means that instead of the
present stockholders electing all
the directors they will elect only
one. This one, however, will
really represent them, give all his
time to the work and 2be ade-
quately paid by them for his
services.
Three Elect President
Another director will be elect
ed by the manual workers. This
man will be responsible for the
labor problems of the plant, but
he will be responsible to and paid
by organized labor.
1.-THE third will be elected by
the management of the plant, rep
resenting the executive end, the
selling end and the other mana
gerial departments. This man
will be paid by the management
end.
These three men will elect the
president, who shall be elected
strictly on his merits. He will hold
the position as an executive or
judge. His job will be to get re-
suits, irrespective of the individual
interests of any one of the three
directors.
Attic there will be only three
members on this board of direct
ors yet all actions must be unani-
nous. Cooperation can never be
brought about thru the use Of
merely a majority vote. Each in
terest must be satisfied, and when
each interest knows all the facts
each interest can easily be salts
fled.
To Settle Differences
But what If unanimous vote
on some project cannot be obtain
ed?" somebody may ask.
"In the future corporations this
will be provided against by a court
of appeal for each industry in ev-
cry state. These courts of appeal
will consist of three commission
ers, who will be absolutely posted
on their own industry. They will
know what all concerns in this in
dustry are paying, are earning,
and what troubles they are up
against. Any one OF the three
members of the board of directors
of any corporation can at any time
appeal for decision to the court
of appeals for their industry. The
decision of this court of appeals
shall be final.
II am not urging either labor or
capital to adopt any such plan.
History has shown that we pro-
gress only under economic pres
sure and adopt new methods only
when compelled to. Therefore
neither side may have sense
enough voluntarily to give up any
thing and so avoid a revolution. I
am, however, willing to prophesy
that after the industrial conflict
Is over the final state will not be
capitalism, socialism, I. w. W.'ism
or any other firm of ism. The
corporation has come to stay In
some form.
Unwilling
The only radical thing about
the future corporation as have
outlined 1t is that It gives all three
interests an equal opportunity.
Strange to say, 1t takes more cour-
age for anyone to give the other
fellow an equal change with our
selves than It takes to do any
other one thing. We are willing
to go to war and be shot at and
take almost any other risk in the
world than the risk of giving the
other fellow an equal opportunity
with ourselves.