The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-04-13

and common interest We are now fac
ing another year, confident that only
time, experience and cooperation are nee
essary to demonstrate to American m
dustry the success OF industrial repre-
sentation.
Now. just few thoughts as to the
economic situation In general as IL ar
fects the industrial worker. Many au-
vanced thinkers have come to believe
that the so-called law of supply and de-
mand' IL a fallacy underlying most or
the failures OF the Industrial system or
the last two or three generations. Inc
Right Hon. w. Adamson. the British
member of Parliament and labor LEADER
Ia one of those who questions this princi-
ple declaring that It Is no system at ali
which allows a shoemaker to be out OK
work while thousands go unshod.
THE same Is true of the tailor, the
butcher, the baker and all other trades.
but the law of supply and demand was
SO Dramatically asserted that labor ac-
cepted 1t and logically deducted there
from that II values we're created by sup
ply and demand then the less the work
performed the more valuable labor would
become.
1.-THE true value of labor is the wealth
Il produces the less II produces the less
there IL to share UP In the community
In other words, instead OF the anti
Quated law of supply and demand being
the controlling factor to-day It Is ac-
tually tho productivity Of labor. Pom
eroy Burton, an able student of present
day economics. in an address upon Eng
lish labor conditions, which heard the
other evening, said that the chief error
of trade unionism in England had been
its deliberate and persistent policy OF
restricting output and opposing the
Introduction of labor saving machinery.
America, he said. was prosperous be-
cause the average production per work
man In this country was three times
that Of the British workman I believe
that the American workman appreciates
this truth OF the value OF production BET
ter than the European workman and as
a result the American workman leads In
individual prosperity.
Comm mites Possess Rights.
Then We come to the partnership OF
the community as an owner Of resources
which is a phase OF the situation which
until recently has received little atten-
ton. The community possesses Jointly
immense natural wealth: Il may be
mines. forests, fisheries, or other nat
ural resources. which through a COM
bination Of labor and capital results In
rights OF the community TO service out
OF this utilization of natural resources
must be recognized
This right Of the community as A.
whole has been entirely lost sight OF by
the Bolshcvists who refuse to regard as
essential any organization, brains, man
agcment or skill, and have thereby pro-
duced the conditions of famine and star
walton which exists in Russia to-day /;
they have forgotten that the creation or
production Of wealth does not depend
on labor alone, however skilled, but to a
great extent on specially trained brains
/ and management. We have one concrete
example of this in our own research
! laboratory at Bayway. where all the
! achievements OF science are utilised
not for direct proft--but to make more
productive the labor Of the rest OF US IN
this industry and to make that produce
; ton OF the most service to the oom-
munity.
"When the Industrial worker. the brain
worker and capital combine In the de-
velopment of the resources of the com
munity, the result is the production of
wealth The problem of the future will
be TO properly apportion this wealth on
equitable terms.
at follows that In so far as American
abor generally appreciates this situation
and understands that wealth Is not the
product of labor or capital alone,
but that the more labor the more wealth.
labor will cooperate with the man.
agement in the production of profits
In the experience OF the last year the
Industrial worker in this company has
shown himself to be'as sane and reason
able as the management has tried to be
provident and considerate. Out OF such
cooperation, and with a proper under
standing OF the relation OF the commun-
ity and of capital to the labor of hand
end brain. there Is no problem of indus
try which may not be successfully
| solved"