Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1920-01-08
PANACEAnAN
Proposed for Salvation
American Industry
Author is Same as That of Famous
Plumb Plan fnr Raiiroads-Asssrts
Existing Industrial System IS
Crashing Around Our Ears"

] Washington, Jan --[Ev t.-e Asso-
ciared Press Plumb plan for
American industry modelled AFTER
the pians of the same name for tine
railroads has been prepared and is
expected 70 be announced publicly
soon.
Copies of the PLAN captioned An
industrial program by Glenn E
Plumb" are being circulated IN
Washington and some of them have
been received in government circles
Briefly the plan proposes for all
American industry the system Of Trl-
parriIe railroad control advised sans
time ago with the backing OF the
great Drotnertoods and which il has
been announced would be made an
issue at the elections. II proposes
practically the same division OF
representation for capital labor an
the public.
Industry is classed into four. di-
Visions i'll TINS way
Those ''individlalistic in owner
snip and operation. including tbs
farmer, and the small artisan. con-
tractor and manufacturer who is
both capitalist. iaborer and consum-
err
All Industries formerly individ-
ualistic. but which through orgam
cation have so developed that. own
el'shlp is separated from labor ami
concerns itself only in direction and
supervision Of production. in which il
engaged the effort of others who
have not shared in ownership"
$-Industries based upon grant
from society IN the shape of a fran
ctlise. grant OF privilege or mono
ply. In this division are included
al public service corporations ex-
cept those engaged IN Interstate
commerce. And all industries en-
gagged in exploiting natural resources.
Those latter are described as incIud-
ing mines and gas and water power,
4--RaIlroads and commercial trans
portatlon facilities. The plan ex-
plains that these are considered sep
arately from the public service faciIi..
ties because former are under local.
crealed by local authorities and sub
Iect TO local regulations
The fundamental interests" in these
Industries, Inc Plumb plan declares. .sis
the need of society for the products yf
that industrv of the service which il
renders, that calls the industry into he.
Ing. In the first two clauses where 90
ciety has made no grant the free work
ing of the law of supply and demand
protects the public interest
Public interest is def1ned in ~.
plan as follows:
II IS the right of the public to OBJ
tain better. cheaper or more PRODUCTS or
service as the progress Of the arts per
rnIts the making Of more OF better goods
or service al lower cost of production.
The constitution denies the mower Of
Inc public SO TO exercise It's power of
regulation as TO deprive the owner OF
the property of his Investment actuas-
ly, honestly and prudently made. or OF
a FAIR return on such Investment. II
society pays more than this arnol,nt
which the owner retains as profit. 50
clety pays more than II lawfully is re
qulred TO pay and the owner RECEIVES
more Lhan ne Is lawfully entitled 10 re-
ceive''
This says the Plumb plan intro
duces perpetual conflict between society
in the exercise of this public regula-
ton and the agent it has created FOR
its service and results in supplying
luxurles and procuring greater revenues
for those who benefit in these exac-
tons
Under the heading rights of labor''
the plans declare that the measure OF
what workman snail receive depends
entirely upon the amount in value of
service which he renders He is emit
lied to receive an equivalent amount in
value OF the services OF others. The
wage system disregards this human
right
In its conclusion the resume DECLARES
The existing industrial system X
crashing around our ears" that wages
bear no relation to the value OF ser
vices rendered and that profits are
wrungfuliy exacted.