Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1919-09-23
PROFIT SHARING
CHAMP CLARK'S
AWORLDPANACEA

NEW ORLEANS, Sept. 23.-(By
Associated Press. )-Solution of the
differences between labor and capital
lies in the scheme for profit sharing,
Champ Clark, former speaker of the
house, today told the convention of
the Associated Advertising Clubs of
the world. He was speaking for the
consumer in the triangular discussion
of labor, capital and the consumer.
He declared each was necessary to |
the other, and all thoughts and eff |
forts of good citizens should be di- !
rected to fair play for all three, he
said.
Sampel Gompers spoke Monday for
labor in paper prepared by him,
read by DR.. A. B. Dinwiddie, presi- |
dent of Tulane university.
Cooperation between manage.
ments and workers in industries, and |
the gradual abolition of abnormal
conditions brought about by the war
will eventually bring about the in
creased production of commodities |
which the world needs now, was the |
basis of Mr. Gompers' paper. High |
wages Mr., Gompers defended as one
factor in high costs which would |
eventually lead to improved methods
and progressive machine production, |
while settlement of peace terms he
classed as fundamental requirements
before the world can resume it's or
derly processes.
Until definite terms of peace are
agreed to by the leading nations of |
the world" Mr.. Gompers said, mo
country can return to normal indus |
trial conditions. Credit is essential
to a revival of industry. Credit can
only be arranged upon definite polit-
ical surety"
Prompt ratification of the pending
peace treaty, he said, was an abso-
lutte necessity.
That treaty is not perfect" he re-
marked, "but it is our only con-
structive suggestion for dealing with
some of the things which cause wars"
workers are not an impersonal
factor in production" he said, in de-
veloping his second point. workers
are human beings. Cooperation for
( productions depends fundamentally
upon good will. Good will cannot be
forced, it must be earned. The only
way in which workers in industry
may express and defend their rights
and interests is through organization
and responsible representatives.
Two fallacies have been so fire.
quently repeated as to be accepted
by casual readers and hearers. 1t is !
said that requests for increased wages !
Inecessitates increases in prices which |
increases cost of living and in return
results in more wage demands Vi /
clous circle which leads to no prog
ress. 1t should be remembered that
wages constitute only one of the fac
tors in production costs, and that high
labor invariably leads to labor saving |
machinery and improved production
processes. High wages have invaria-
bly, resulted in constructive changes, /
beneficial to workers and have re
suited in increased production.
"The second mis-statement used to .
the discredit of wage earners is that
output is deliberately restricted bv
the organized labor movement and by
limitation of hours of work. In many
industries production is below pre-
war volume. This is not due to la
Dor, but to unsettled trade conditions.
managerial policies and high costs of |
raw materials. Wage earners as well
as employers are anxious to end this
period"