Every evening, Wilmington daily commercial., 1920-05-19
TWO BILLIONS LOST
BY STRIKES IN 1878,
EMPLOYERS TOLD
National Manufacturers Ad-
dressed on America Wake Up,
for Gods Sake Hurry"
N. Y. BANKER WARNS u. S.
OF LIVING BEYOND MEANS S
Nv Associated Press to Every Evening


New York, May 19.-An incomplete
list of direct losses due to strikes In 1919,
places the cost of labor in wages at nearly
1925, 900, and to industry at more than
one and one quarter billions of dollars,
Francis II. Sisson, vice-president OF the
Guarantee Trust Company of New York,
told the silver jubilee convention OF the
National Association of Manufacturers
here today The chief danger in tho
present situation, Mr.. Sisson said, is the
advisability of low prices, rs an end OF
itself. may be SO exaggerated as to lead
to the attempt to force prices down
through harmful measures for the control
of credit.
Taking as his text "Amaricc, Wake Up
and for Gods Sake Hurry tho banker
spoke at length on industrial unrest,
analvzing its effect on tie country's q
economic condition, and blaming strikers
for high living costs and increased rents.
Mr.. Sisson urged the conservation of our
natural resources as a means of main
tanning our economic position IN the world.
I'VE have heard much about rent
profteers,' Mr.. Sisson said but organ
lied labor either docs not realize, or
closes its eyes to the fact that every time
men employed in the building trades go
on strike or shirk at their tasks they
penalize society-which Includes them
selves-by increasing the cost Of building
thus increasing rent, and as result make
prices for goods and services higher.
Declaring that the United States is
living beyond it's means, Mr.. SlSson said,
''thc facts are such as should arouse Us
from our comatose state Of SNUG content
ment with our present position and future
F.,la a before
Il is too late we cannot hope to retain
for long our vast store Of gold or our
enormously favorable trade balance, or
our unprecedented prosperity
Mr.. Sisson asked: Are we business
people or arc we not?' Have we the
political intelligence TO govern ourselves
efficiently or not?
eve must provide our own answers, ne
said. 1T Is time indeed for another
Joseph Choate to cry out to our people
America. wake up-and for Gods sake
hurry
Tie closed shop, the labor union,
radicaljsm and "all the hogIes that are
TODAY rising before us, viii disappear when
ii government and industry a spirit Of
democracy is restored, Milo D. Camp
bell Of Coldwater, Mich, president Of the
National Milk Producers Federation
told the manufacturers in an address on
.'the farmer and the closed shop
Greed and aristocracy must take some
/ concessions If the light Of property, the
| constitution with its guaranteed blessings
| shall survive he said.
1T is not organization nor the open ol
| closed shop that concerns the mdustria
world most at this time II is the radicalisT
! that is found in the ranks Of labor and II
4 the ranks Of capital that causes concern
The speaker defended the right OF labor
K Ia organize on the ground that capita
| equal to one half Of the wealth Of the natior
4 Il organized into unions called corpora
\ tons. Mr. Campbell declared that th'
\ farms we're allied with good government
/ and that they will now form an alllanc'
/ with socialism or the apostles Of disorder
There is no coalition Of the farm witt
/ organized labor except through Lawful
methods, and the absence OF violence
he said
Farmers and laboring men begin T.
feel keenlv their lack Of representation
| In both government and industry
1T is no hrnevolenCe they ask, m rel
a slave has had that They want voice,
part In the government they support art
Ia the industry Their hands create.
The speaker declared that today %
4 former was the only alien In our lndQstria
system. Who has no voice in the matte
Of pric of what lie buys or sells.
The onI, friend outside of farm organ
izations that is today supporting IN
farmer ~ .ald. = the iaboung ma
and laborng organizations.