The Bridgeport times and evening farmer., 1919-09-11

 ON FAIR BASIS T0- HALT UNREST
George ". Perkins Gives Reasons For Advancing
 Plan.

New York, Sept. 11-Proft-sharing on a frank and fair basis was declar- ed to be the only solution of the present industrial unrest in a speech delivered at the annual meeting of the National Civic Federation here today by George w. Perkins.
 MT. Perkins said he was convinced that labor was entirely willing that capital should have it's flair reward and proper prOtect3on' but that there were too snany instances in which capital had demanded improper pro- tection and had taken eiorbitant re- ward"
 At inc same time Mir Perkins de- nounced bonus systems as doing more harm than good and as stirring up trouble rather than alleviating it. The giving of bonuses, he claimed, caused employees to feel that the em- ployers were making vast sums of money out of which a sop was thrown ! to them to bribe them into feeling kindly disposed or to ward off a de- mand for a general increase in wages As an alternative NIr. Perkins pro- ] posed a definite detailed scheme of ! proft-sharing which he said had been adopted by some companies with
 which he was connected and had ! proved most successful. He describ- 1 ed this plan as follows:
 ! ''First-Every business has, first of | all, to earn operating expenses, de- ! preciation, and fair return on honest l capitaIza ton.
 1 ''Second-I believe that every busi- ness should consider that the com l pensatiou paid employees is for the ] purpose of earning q sum of money | sufficient 10 pay the aforementioned <, items.
 "Third-I believe that any profits | over and above such sum should. on ! some percentage basis, be divided | between the capital used in the busi- 1 ness and The employees engaged in the l business.
 "Fourth-I believe that in neither ! case should these profits be immedi- ! ately withdrawn from the business: | that they should be left in the busi- ] ness for a. reasonable length of time. ] 10 protect and increase its financial 1 strength and safety; that, in the case l of capital, it's share of these profits l should be carried to surplus; that. | in the case of employees. their share ! of these profits should be distributed to them in some form of security rep ! resenrinE an interest in the business and that each emplOye should be re- quired to hold such security for a ! reasonable length of time, say three to five years.
 "Fifth-I believe that the em. ! pIo-es' share of these profits should ho allotted to them as nearly as possi- ble on the basis of the compensation l they receive.
 The employer who objects to profit l sharing because he is making SC much that he is afraid to let even his own employees know how much money he is making was declared by the speaker 70 be "moro than any 1 other, responsible for the serious diff fcrcnces today existing between capi.
 tai and labor for, with the growine 1 intelligence of the masses. how car | he expect such a situation to con.
 tiuue? Every year, yes, every day it becomes clearer and clearer tha
 such a condition will no longer bt | tolerated and must speedily pas! away. Would it not be better fol
 him to use some intelligent foresiEh
 and meet what clearly are to be tht
 immediate future demands of public 1 opinion 9"
 Mir. Perkins said that the histor! i of the relations between labor ant capital could be traced through tho | terms successtvely used to denote the 1 man who worked for a wage and the | man who paid the wage First it wal
 'owner and slave" then 1t became
 master and man." today it is lem. Dloyer and empIoye," and tomorrow MT. Perkins declared he believed ii
 must be partners" In conclusion
 he said:
 Since the beginning of time nC i country has ever had such an oppOr
 tunity to extend its trade, increase it
 prosperity and better the materia
 condition of every one of it's people
 as has the United States of America
 at this hour. The only factor missing
 is that of close cooperation here a l home among ourselves. It seems in | conceivable that we will fail to rcaliz' where our weakness lies and fail tt ! adopt the one and only remedy for it l Tn the strenuous competition witt ! the rest of the world that this coun
 try is on the eve of facing could WI ! have a stronger weapon than com | plete cooperation between capita