New Mexico state record. (Santa Fe, N.M.) 1914-19??, 1920-09-03

amoun he receives as interesr on his
loans. Today everyone comedies the
morality. the humanity and the justice
of the usury laws.
Public Welfare at Stake.
Men investing money in business In
jure the public welfare when they
profiteer. We call it rObbing the con
sumner. How much greater the lar
ceny when the excess profits come
from the sweat of the producers!
Business should be honestly organized.
The capital stock of the corporation
should represent money actually In
vested. The investors are entitled to
IA reasonable interest on their invest
mentS, to an insurance against the
''rainy day" They are entitled to
set aside a percentage of the earnings
to replace the capital invested. After
this is lone the balance belongs to
the workers. Into the business they
have put their lives; out of the bust
ness they should get more than a liv
ing. Their lives are lived in their
work, they have a right to Il say in
their own lives.
No one that I have met has the
plans and specifications for the New
Order" but everyone has in mind the
general outline. The government, the
working men and the employers
should cooperate in making the plan,
IN building the Tomorrow"
A step in the right direction is the
Industrial conference recently called
by the president. In the preliminary
statement of this conference, we find
much cause for hope. They have pre-
scented a plan looking to the settle
ment of industrial disputes by arbi-
%tration. The plan is tentative in form,
the framework for the completed
structure. 1t contemplates the estab-
lishment of n national industrial court
of nine members. located in Washing
ton. with the functions of a court of ap-
pealS, to determine disputes referred
to it. The country is divided into re-
gions. with regional boards of in
qniry and adjustment, To which may
he submitted controversies between
employers and employees for settle
ment The chairmcn of these dis
putantS will have equal representa-
tion on the hoard. TO insure conf
dence in the boards the members are
to be picked from panels of employ
ers and employees submitted by the
secretary of commerce and the secre-
tary of labor. similar to jury panels
prepared for the courts. Each side
shall he entitled to n specific number
OF challenges, and the Yerdicts of the
Industrial juries must be by unani-
nous vote.
For the Justice OF Right.
II is not compulsory arbitration. II
is a plan by which employers and en-
ployces may settle their differences on
merit rather than by force. II has
an advantage over the settlement Of
industrial disputes by the strike, in
class hate will not be developed. The
justice of right rather than the force
Of might will settle questions. This
machinery .ill give public opinion Il
chance 10 act intelligently and effec-
lively. An interesting paragraph reads:
"Nhencycr an agreement is reached by
the parties to II dispute, or n deter
minatiOn Is announced by n regional
board " adjustment, or by an umpire,
or by the national industrial tribunal.
the agreement shall have the full
force and effect of IA trade agreement
which the parties 10 the dispute are
bound to carry out"
We are facing the east. The new
standing between employers and EN-.
ployccs is in sight. Let no one stand
in the way Of compromise and conces-
sion.
TO avoid c%ntangling alliances It is
not necessary to abandon Europe. To
put an end 10 war. some open agree
ment of nations is necessary. Secret
treaties must cease; the new inter
n~atiOnaliSm must lac n covenant in
surfing the democracy Of the world
Americas place i in the vanguard
of the movement toward the New
Order" We are Il world power: we
cannot escape our place and our re
sponSihility in the family Of nations
I am sure we do not want to. oui
foreign policy is America for Amer
leans and All for Humanity" The
creed of our house is Man Is Hi'
BROTHERS. Keeper"
tCopyrlsh t. 1920, Western Newspaper Union