Evening star., 1920-01-08

ship and operation. including the
farmer and the small artisan. contrac-
tor and manufa cturer, who is ooth
capitalist. laborer ana consumer
. All industries formerly lndlVid-
ualistic but which through organl-
cation have so developed that owner
ship is separated from labor and con-
Germs itself only in direction ana su :
pervision of production, in which II
engages the efforts of others VINO
have no share in ownership.
5. Industries based upon grant
from society III the shape OF a iran,
chise, grant or privilege or monopoiy:
In this division are included All pupile
service corporations except those en-
gagged in Interstate commerce ann d.,
industries engaged in exploiting naulrai
resources" These latter are descrloeo
as including mines, gas and water
power.
4. Railroads and commercial trans
portation facilities The plan eN-
plains that these are considered sep
facilities embraced in the third dlVl-
sion because the former are under
local control created by local autnorl,
ties and subject to local reguiation.
The Fundamental interest in these
Industries the Plumb plan deciareS
lis the need of society Tor tne prooo
nets of that industry or the service
which it renders. that calls the IN
dustry into being. In the hrst Two
classes where society has mace no
grant the free working or the Id"
of supply and demand protects 'he
public interest.
Public Interest Defined.
Public interest" is dehned IN 'he
plan as follows: Oh
..It is the right of the public to OBJ
tain better cheaper or more prouu >
arts permits the making OF more oI
hetter goods or service at a lower
cost of production. The Constitution
denies the power OF the pubic 50
to exercise it's power or reg uia.au'i
as to deprive the owner OF tne Piop
erty of his investment. ac.ua,f' ;. fair
estly and prudently made, or OIL iain
return on such investment. III SoClety
navs more than this amount Wlilci
the owner retains as pront socie'S
nays more than it lawfully is
ouired to pay and the owner recei'e" "
more than he is lawfully eh'i'ieo ~
receive" , r.,,, Gin
troduces perpetual conflict between
society in the exercise OF TINS Pupiie
regulation and the agent II mas ci
ated for it's service, ana results
supplying luxuries ana pIocua ms
greater revenues FOR Inose WIN
fit in these eXactions
Rights Of Labor.
finder the heading Rights of La
bor" the plan declares that the meas
ure Of what workman snail receive
"depends entirely upon the amount IN
va Inc Of service which he renders. lie
ia entitled to receive an equlValent
amount in value of the services OF
others. The wage system dlsregaros
this human right. !,
In it's conclusion. the resume de-
clares 1.-The existing Industrial sys.
tenn is crashing around our ears
| that wages bear no relation TO the
vaIue of service rendered and that
profits are wrongfully eXacted
ITO correct this system, says
Plumbs plan. there must be apsoiute
equality between the three interests
| the public, capital, labor. 10 accom-
plish this end, l submit to the American
neople the true foundation for the re-
| construction of our industrial system
| This requires that the grant OF society
| existing either in a privilege, monopoly
or grant shah be deemed the invest
ment which society inahes in .hat a tho
dustry benefited by the grant; that the
! capital required to support the INDUSTRY
shall also be deemed an investment
Labor the creative power OF 1ndlvlouais
employed, shall be deemed an invest
ment.
4
vestment in the shape of better, cheaper
and more service. l.,
"Capital shall receive it's share In
i guaranteed protection of investment anu
| that current rate OF return When IN n ane
markets of the world procures the ac-
| ceptanee at par of the securities wnleh
represent invested capftai
| II abor shall receive as its return upon
| its investment of human effort that RAJ
| of wages which in the 1ree hharhst 10, -,
-
class of labor, and. in addition TO wages
| shaIl receive it's share of all the savings
| which labor can effect in the processes
| of production
| Whore Return In Guaranteed.
| .In those industries which should
properly be owned by the community
! and where the capital employed mas
| An absolute guaranty OF integrity, aio
| return. all Of the savings reflected III
! ~ nreater productive power Of in
| creased efficiency should be evenly dl-
| vided between the public and labor
| "In such industries employing private
capital to render public service. oasec
on a grant, the public, or consumers
should still enjoy one-haH OF tne say
labor Jointly should receive the benen
of the other half. to be distributed be-
| tween capital and labor IN the proper
| ton of their respective investments
The public's half should be reflected II
a reduction of price to the consumers
| Political Program.
II submit therefore. to the consider
alton of the American people the FOL
lowing political program:
| First, as to railroads and all mean:
Of TRANSPORTATION of persons. commodl
ties. and intelligence. the adoption o
! a plan in accordance with the pr1nci
pies of the Plumb plan. with such modi
fications Of details as may be needet
| to effectuate the general principles
above outlined.
SECOND. as to all industries baseG
upon grants. privileges. exploitation o.
natural resources. and enjoyment o.
| monopolieS, public ownership of sucf
utilities with the extension of the prin
ciples of the Plumb plan to their con
troll and operation, or the adoption o.
a tripartite representation OF the pub
lie, private capital employed, and labor
in direction and control of such indus
tries, with equal authority, and dlvi'
sion of the savings of efficiency be-
tween the public. on the one hand. anS
labor and capital on the other hand
| Third, as to all industries engaged
in production not based on grants ol
privileges or monopolies the adoption Of
legislation, either local or national, re,
curing all corporations organized fol
the conduct of such industries to recog.
nize the right Of labor as the investors
of present human creative effort to par
ticipate with capital. the investors OF
past creative effort, in the control ano
management of the industry. and tt
share in the profits of such industries
on terms of equality with capital.
Fourth. individualistic industries
FARMS and productive enterprises owned