The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-01-08
PLUMB HAS PLAN
FOR REORGANIZATION
OF U, S. INDUSTRY

y,SIIIEGTOS. Jan. "a Plumb plan
for all American industry modelled
Ter to plan Of the same name Tor 'h'
railroads. has been prepared and - en-
rccted t. be publicly amu"uRc'd soon
comics Of the plan. Cap'Ion"d 'An lhduS-
trial program by Glenn +" iIumh' arr
being circulated III NaShihEt"h an"
some Of them have ocCh Ie'c''" 80 o.
eminent circles. >, -
Briefly the plan proposed Tor an NM
crican industry the system OF tilP'rNl'
railroad control advanced some tnit 10"
with the backing OF INC great protucI
hoods. and which II has been annoui''ru'
vro,Ild he made an issue at IN" tle"tl"hs'
I, nrHpnses practically the same divlSlo'!
Of REPRESENTATION for capital, labor an"
the public. ,.,.,siorS
IN this way: .,i -,
and opcration. including the farmer a"d
the small artisan, ""utra'i"f "hu "a."
facturer who is both capitalist, lapot
and consumer. ;..,,,,.,i,,-
alistic but which through organization
have so Developed that ownership -
separated from labor and concerns IT,
only IN direction and supervision OF pro-
duCtion, in which II engages lh' EFFORTS
of others who ha\c n" smart ia ""'''
ship o,,
from, society IN III" shape Of franchise.
grant Of privilege or monopoly. III '''S
GIyision arr. included all public SsrNi'c
CORPORATIONS except those Engaged IN m
t-rstate commerce and all industries
engaged III exploiting natural rrs"ur-
CeS" These latter AZ" u"Srrlp'n ~ IN
GLIDING mines. gas. and water power.
I-RailroadS and commercial trans
portatiOn facilities. ,..
In the nrSt TWO classes whcr' S'Cl'.t!
has made no grant tn" Ir"" WORKING
Of the law of supply and demand pro-
tccts the public Interest.
Public interest Is defined IN lh' plan
1T is the right of The public I" obtain
better. cheaper. or moro products or scr
vice as the progress "l 'hc hriS ".Ln''lS ~,
the making Of more or better S""ds or
service at a lower cost of pr"du"tlon.
Under the heading rights Of labor
the plan declares that th' lncaSur" ~
what a workman shall receive "d"r"ndH
entirely upon the amount IN value ut
service which no renders. ltc IS "nut ed
TO receive an equivalent amount III rAlu"
~ the services, OF others. IW VAC
system disregardS this human right.
In us combustion the resume declares
.th% existing industrial system Is crash
INK round our ears" that wages bear Il"
r,iatiou to the value Of services r'n'
derrd, and that "frotts are "rongfu'IA
XaCtcd.'
To correct inns system SdSN l'il'I =
plan, "thcr" must b. absolute "Gunlii!
between the three interests the pubic.
capital. labor. 10 accomplish thus rnd.
submit TO thci American rcoplv tho
true foundation FOR the reconstruction
Of our industr rial system. This requires
that the grant Of society existing Cih'r
IN a privilege. monopoly "r grant shall
he deemed the investment which S""lCt;
makes In that industry benefited by TIA"
grant. that the capital required I" sup
port The industry shall ais" deemed ~"
investment.
Socicty shall receive profits "u "-
investment in thu snap" al h"tt'l.
cheaper and more service.
Capital shall r"C"ry" it, ~hnr" ga
guaranteed protection Of iuN"Siu'u ut ami
that current rate Of return which ia tn"
markets OF tn" world Tr"Cur'~ TIA" g.
Ceptancc at par ot return winch Is IN"
markets OF the world pr,"ur'S tho aC-
scptanCC at par of tn" securities uI"n
which represent invested capital
Labor shall receive as ITS return up
on it's investment Of human effort that
rat. Of wages which IL Tia" fr.' markets.
of the world pr"CurcS tn .'rN H. OF that
class OF labor. and. n addition +" wages
shall receive itS shar, "r all th' rdN-
iugS which can effect iu ia" process ~
production.