Bisbee daily review., 1919-10-09

 branch of the Phelps-Dodge corpora tion An audience that filled the au- ditorium, composed mostly of Copper Queen employees, listened with inter- est to the outline given by their man ager of the relations which the cor poration desires to maintain with those who work for it.
 MT. Dowell said that the talk would apply particularly to the Copper Queen branch of the Phelps-Dodge corporation. He aid in part:
 ''The question of policies of the company, as I will discuss it, means rule of action. It will be we'll to bear in mind the purpose for which industry is conducted; that is, for profit. Shareholders have a right to profits. It is a matter of common knowledge that the more hazardous the investment the higher the profits should be- Mining industries are . classed as hazardous investments and should therefor return higher rates of interest than the general run of commercial enterprises.
 "No business enterprise, however, is entitled to profits without tconsid- eration of the welfare of it's workers. Profits should be figured only with due consideration for human vel fare"
 The speaker announced that he would discuss the company policies from two points of view: (a) as af- fecting the community in general, and (b) as affecting company employees.
 Community Welfare.
 With regard to the first question he said that the company had clearly demonstrated its intention of assist ing in every possible manner the wei fare of the community. He pointed out that considerable part of its profits is expanded to this end.
 MT. Dowell discussed the policies of the company as affecting its em- ployes on five premises as follows;
 1. The interests of the employees and of the company are mutual.
 g. A living wage anG regular pay check are essential.
 g. For an employe to be satisfied with his work he must have an op- portunity of self expression.
 4. There is a moral obligation on the part of the company to provide compensation for the rest of the life of such employees as are incapaci- tated in its service.
 5. Every employe is entitled to a square deal from the company, and, vice versa, the company is entitled to a square deal from each employe.
 Speaking from the first premise, MT. Doweu said:
 If the interests of the company and the employees are mutual, then what affects one affects the other This raises an issue with radical la bor, with the l. w. w. They say cap ital and labor have nothing in com mon. I say this is wrong and leave it to the working man to decide.
 Keep Employees.
 ''Here, as the income of the com pany increases, so does that of the employees. It is big expense for the
 
 it is expensive for men to travel about the country from place to place in search of work. It is to eliminate this waste that the company makes every effort to retain its men. One of the greatest sources of eco homie loss here and in other ceun- tries is the instability of labor. It is to avoid this waste that the company gives a substantial bonus based on length of service. Fly the end of the year it will probably have paid bonuses to we'll over 1000 men.
 "The company makes substantial contributions to the Employees Bene- fit association. The association paid out $50OO0 in death benefits and $21 900 in sick benefits during the in fluenza epidemic This left the asso citation with a deficit of $S5,O00, which the company gladly made good.
 During the first eight months of this year $62,600 were lost in wages by employees from sickness; $36,700 were lost in wages due to accidents and $92, roo through miscellaneous couses."
 Speaking of the effects of the com pany to assist it's employees to own their own homes, MT. Dowell said:
 For an employe to be most eff cient he must be contented and hap py. This is impossible, particularly for a married man, when he is sub ject to the whims of a landlord. It is to the interest of both the company and the emPloye that the latter should own his own home. It is for this reason that the company has evolved scheme whereby employees may purchase homes on easy pay ments."
 Wage and Living.
 Taking up the question of wages, the second premises, MT. Dowell said: "The cost of living should be given 1ota r,oe