Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-09-22
FINANCIAL OPERATORS
AWAIT COMING OF STRIKE
General Belief Prevails Struggle Will
BE Greatest the World Has
Ever Known.
CONDITIONS ARE DErLoRAB1E
Such Is Charge Made by Leader of
workers, While Head OF Steel
Trust Declares Men Arc Best
Treated.
ny BROADAN WALL.

NEW YORK. Sept .l-Tomorrow
sees the opening OF battle between
capital and labor that the financial and
investment world has known for TWEEN
" years had 10 hc fought. Both sides
nave been preparing Tor 1t. but capital
did not wan, II and only a small per
ccntaSc OF the labor involved is be-
.ieNeu 10 be eager for the contest. The
United States Steel Corporation has
oeen leader IN everything that bcns-
hts labor. II has not only PAID good
"aSeS' and paid them without being
.o[ceu 10 DO 50. but IT has Introduced
SAFETY hrSt methods. insurance and
WciiSrc Work 10 such An extent that
rs employees are probably tn. best
treated men who work tor wages any
where.
rhis statement is made on the au-
thoriy of numc,ous official announce
United States Steel Corporation. john
Fitzpatrick. who is managing III.
tntde are del ior.talc and approach
economic scrfdcm. Here is 4 direct
difference OF statement by two author
.i..s: proving that ono Of them is mn-
truthin! The question of Scrac.ty is
Involved as much any other one in
TINS strike. II the steel men arc treat
eS as Jnddsc Gary say. they are treated
thcy VIII have no sympathy from the
puulic. II MIR Fitzpatrick is tcilin.
me truth. pablo d.spleasurc vii.
speedily crystalline against the steel
pocricy Of the most shameful kind
Think Gary viii Win.
students OF business affairs have fun
confidence in Judge Gary. Ia the anan-
OF mind IN the express .ol OF conf
dencc that he vii. come on, 0: the
struggle fully indicated uut il Viii
take an actual strike to prove the case
IT Is expected that from IL to 20 per
cent OF the steel men Will obey the
strike order as issued. But whether
H & l.g-t ~.
the steel corporation intends 10 tight Il
ont
Regardless OF the merits OF the case.
this threat of a steel strike is a very
serious matter. either FOR Eoou or bad
If ii fails. as most corporation men be-
,.iere u Will. it vii! settle for a long
Try. It's failure Viii mean an !mmc-
date revival OF business and an in
dustr.al boom that viii bring prosper
itN TO workers as we'll as capitalists.
Claim Capital VIII Leave.
II il succeeds ii viii drive American
capita into other countries and bring
ABOUT profound depression in Amer
lea. IS success Will be warning to
capita! that the radicals arc n control
OF the country Capital VIII become
tiinid and viii! withdraw as rapidly as
posS bic from big enterprises. Most
81 the strikes now in progress in
America are not for higher wages but
for fewer working hours and. AT the
same wages Thus is an economic mis-
now is more OUTPUT.
II the abor problem can he settled
without TOO much :iShtiuG the invest
ment situation Will be found in very
strong condition. The margin 81
profits is large in most industries The
necessities OF the world are 50 great
that there must be mig production
for two or three years ( restore s;osks
OF merchandise TO the level c8tl bill Sh
meat before the war. That means sew
era! years of large earnings and com
pa-at!ve safety for parsons who pur-
chase stocks at the present prices. /;
is Il fact easily demonstrated Dv an
stocks have sold At prices that would
ne justified by their earnings.