Five Mile Beach weekly journal., 1917-01-26
our BUSINESS MEN
ASK FOR PUBLIC
COOPERATION
Leaders Point Out Partnership
Between Capital and Labor.
SAY INTERESTS ARE MUTUAL

Our Future Prosperity Depends on q
Better Understanding and More Prac-
tical Application of G~etsToeether
Spirit In Industry-Must Eliminate
Trouble Breeders and Agitators.
A better public understanding and
appreciation of the needs and problems
Of u American industries is conceded
on every side to be one of the impor-
tant national requirements for the de-
velopment of our future industrial
derstand that the majority Of our busi-
ness men are fair minded. reasonable
beings. l~egitimately engaged in the de-
velopment Of our economic resources.
In the opinion of our business lea0-
ers this misunderstanding leads the
public. through the legislators. into
t~houghtless and unnecessary acts Of
reprisal against all branches of indus
try, which are often inimical to the
best interests of their own community.
To cure this lamentable condition 1t Is
first essential that a closer degree OF
cooperative action for the common
good be established between I'M
ployees and employers. The first step
In this direction is to eliminate the
selfish, destructive agitator. This hap
by event would greatly facilitate a
general get together spirit among en-
Movers and workers.
The Work That Men Do.
The nation is confronted with more
work than ever before-shipS to build,
factories to enlarge. railways to COM
plete, new foreign business to be at
tracted and help to be extended to the
unfortunates on the other side. There
are about 30. O00. O00men at work If they
work ten hours a day that Is 100000
600 hours a day or $4,000, 100000 hours
a year. If they work eight hours it Is
1880, 0OO, 1000, or a difference of 49,
720.000.000 hours a year. At eight
hours a day this means that about
100000 more men must be employed
to do the work that could be done by
the 10000. 900. and where are they to
come from?
During the past year there has been
a unified and standardized banking cur
rency system tried and not found
wanting. But there are yet other steps
to be taken before the ideal of eco
nomic unit is worked out.
There are 662,000 stockholders Of
railroads In the United States. A large
proportion of them depend on the earn
ings of the carriers for a meager In
come. Many of these stockholders
have less than $1,000 a year income,
and they are unable to earn more, be-
ing elderly persons or women. Thou
sands of them are former employees of
the railroads who depend upon their
stock dividends to pay their rent and
their grocery bills.
Labor and Capital Are Partners.
The manufactured output of the
United States amounts TO $2S.0 1000 00,-
900 in value per annum. This is three
times the amount of the yearly output
of the ranches. farms, orchards and
gardens; it is a dozen times the output
of the mines; 1t is larger thar the COM
DlllCo IudhuldNLulCO VI any WV W.
eign nations. Labor received, as its
share of the fruits of industry. wages
amounting almost to seven billion dol
lars in the single year of 1914. Does
not this prove hat the interests OF
employees are joint with those who
employ them and that a real partner
ship exists?
Today there are over 100,000,0 900 peo-
pie In the land who must be fed,
clothed. sheltered, kept warm and
many of whom travel for health. pleas
ure and business. The railway systems
are in many places overtaxed In doing
this work.
What will be the conditions when
there are 150.O00.OO0 people to be
served?
This means an addition of at least so
per cent to the number of tons of
freight moved one mile and the num-
Der of passengers moved one mile.
There was a total mileage of Al 1888
in the hands of receivers in 1915. the
total capitalization of which was ST.
264.000 ,000. In that year alone 20,143
miles of road went into the hands of re-
~ceivers, and these roads had a total cap
italization of $1,070,S0S ,62S. This com-
pares with 1929 miles in 1914 with a
total capitalization of $199,571,446 in
receivers hands. This is not a healthy
condition.: it is a malady that affects
directly and indirectly every n in the
country.
Railways do not belong to a few rich
men or bankers. There are at least
100000 owners of the securities of
American railways. There are 1.S0O,-
600 men approximately employed in
the railway service. The insurance
companies have S1.500OO0.O 900 invested
in railway securities representing 3d.
100000 policy holders; savings banks
have SS00.000.000 invested in which
- 49, - - nnn nnp 11..1..+1.-