Arizona republican., 1918-12-05
SCHWAB SOUNDS
 PROSPERITY NOTE

(Continued from Page Onel man. I do not believe we will ever get the full economical development of any great branch of American industry that is not developed under private en- terprise and by private capital"
 Taking up the question of labor, MT. Schwab said:
 q am one of the men who believe in the fairness of American labor. l am one of the men who believe that the only foundation upon which any thing can permanently rest is the eco homie use of everything, whether It be labor, material, manufacture or what not. Any foundation of organized la bor or capital that is on a false basis must fail. We started in some 20 years many people called trusts, and there were many such concerns organized that has as their prime motive the ar tificial idea of either restricting pro- duction or increasng the selling price. You have seen them, one after the other, fail and fade away. That was on a wrong basis. Our congress real ized it and rightly and justly took steps to correct 1t.
 What has been true of capital will be equally true of labor, and therefore the education of the American labor ing man must be to have him realize that his permanency and success ant the success of the nation will depend upon labor conditions and capital con ditions that are founded on economlc principles first of all.
 Not Opposed to Labor T am not opposed to organized la bor. I believe that labor should or ! ganize in individual plants, or amongst 1 themselves, for the better negotiation | of labor and the protection of then l own rights; but the organization ane control of labor in individual plant. | and manufactures, to my mind, ough l to be made representative of the peopi. n those plants, who know the conc tions.
 Tn the years gone by, I seriously doubt many times if labor has re- l ceived it's fair share of the prosperity of this great country. We, as manu- lecturers, have got to open our eyes tt a wider vision of the present and the | future, with reference to our worn men. We have got to devise ways ant means by which capital and labor, thai have so often been termed synonJ nous. shall share equally, not in the ory, but in practice. We have got tt I devise ways and means of education We must not only talk about these | things, but we must do these things | We have got to realize that many un' | just demands will be made by labor | as they probably have been made b; | capitalists and employers in the past That is one of the lessons this grea' i war has taught uS-true democracy.
 Has Bigger Duty
 MT. Schwab said that he had tele' graphed the president a few days agt begging to be relieved of his duties a' head of the emergency fleet corpora l tion, important as the work is, to talk up what he believed to be more i'm portant duties. q felt that, having 170,000 employees of my own and pay roll of twenty-five million dollars ; month, I could be of greater service 1 to this nation and this country by re tiring from the work had in Philadel phia to the study of important ques with this transition period in tn various industries in the Unite' States"
 Thirty-six related industrial group met tonight and considered question affecting their particular interests i the work of reconstruction. The view
 of these groups will be passed alon
 to ten major groups tomorrow. whic
 will consider resolutions that ma
 eventually reach the floor of the cor fgress.
 Bernard M. Baruch, chairman of tn
 war industries board, in letter req
 to the congress, said the cancellatio
 acta does not mea na repudia
 ion of contracts. "The governrnen
 will not. I am sure," he said "tak
 from industry of the country anythin
 to which it is entitled, under each an 1 every contract"