The Holly chieftain., 1919-01-30

/ whose none is invested are enabled
to realize just return.
: Who are the parties to industry?
They are four in Capital,
Management, Labor and the Com
munity.
Capital is represented by the
stockholders and is usually regard
ed as embracing management.
Management is. however, an en-
tirely separate and distinct party
to industry-it consists of the exec.
utive officers, who are the admin
instratOrs of the industry and who
bring to it technical skill and man.
agterial experience.
Labor is represented by the EN-
plOyes, but its contribution unlike
that of capital, is not detachable
from the one who makes it, for it is
his physical effort, his strength, his
life.
Here the list usually ends. for the
fourth party, namely, the cOmmun-
ity, whose interest is vital, and in
the last analysis controlling, is too
often ignored. The cOmmunity's'
right to representation in the con-.
troll of industry and in the shaping
of industrial policies is similar to
that of labor. But for the commun-
ity's contribution, in the mainten-
ance of law and order, or agencies
of transportation and communities
tion, of systems of money and cred
ii, and OF other services, all invOlv-
ing continuous Outlays. the opera
tiOn of capital, management and
labor would be enormously hamp-
cred, if not rendered well night inn
possible. Furthermore, the COM
munity is the consumer of the prod
uct of industry, and the money
which it pays for the product pro-
vides the WageS,-salaries and prof
it's that are distributed among the
other parties.
Might not the four parties to in
dustry subscribe to an industrial
creed somewhat as follows:
L. ] believe that Labor and Capi-
tai are partners, not enemies; that
their interests are common interests,
not opposed, and that neither can
attain the fullest measure of pros
perity at the expense of the other
but only in association with the
other.
2. believe that the community
is an essential party to industry
and that it should have adequate
representation with the other par
ties.
3. | believe that the purpose, of
industry is quite as much to ad-
vance social well-being as material
well-being, and that in the pursuit
OF that purpose the interests OF the
o<, oh oorof,,l1x,
sidered, the well-being of the en-
ployes as respects living and work
ing conditions should be fully
guarded management should be ad-
equately recognized and capital
should be justly compensated, and
that failure in any of these partic-
ulars means loss to all four.
4. | believe that every man is en-
titled to an opportunity to earn q
living; to fair wages; to reasonable.
hours of work and proper working
conditions; to decent home; to the
opportunity to play: to learn; to
worship and to love, as well as to
toll: and that the responsibility
rests as heavily upon industry as
upon government or society, to see
that these conditions and Oppor-
tunities prevail.
5. / believe that industry, effici-
ency and initiative. wherever found,
should be encouraged and adequate
ly rewarded, and that Incidence, in
difference and restriction of prod
uctiOn should be discountenanced.
6. l believe that the provision of
adequate means of uncOvering
grievances and promptly adjusting
them is of fundamental importance
to the successful conduct Of indus
try.
Z. | believe that the most potent
measure in bringing about indus
trial harmony and prosperity is
adequate representation of the par
ties in interest; and that existing
forms of representation should be
carefully studied and availed of in
so far as they may be found to have
merit and are adaptable to the pc
culiar conditions in the various in
dustries.
8. I believe that the most effec-
tive structure of representation is
that which is built from the bottom
up, which includes all employees,
and. starting with the election of
representatives in each industrial
plant. the formation of Joint works
committees, of joint district coun-
ellis and annual joint conferences of
all the parties in interest in sin
gle industrial corporation, can be
extended to include all plants in
the same industry, all industries in
n cOrnmnnity in n nation and in