Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1920-09-04

amount he receives as interest on AAS
loans. Today everyone comedies the
morality the humanity and the justice
% the usury laws.
Public Welfare at stake.
Men investing money in business In
lure the public welfare when they
pronteer. We call it robbng the con
sumer. 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 corpora ZION
should represent money actually in
vested The investors are entitled to
ii reasonable interest on their invest
ments, 10 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 done the balance belongs TO
the workers. Into the business they
have put their lives; out of the bust
ness they should get more thaA a Nv
ing. Their lives are lived in their
work. they have a right to a say iu
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,
h.
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 a national industrial court
of nine members. located in Washing
ton, with the functions of court of ap-
peals, to determine disputes referred
to it, The country is divided into re-
gions. with regional boards of in
y
be submitted controversies between
employers and employees for settle
ment The chairmen of these dis
putants will have equal representa-
ton on the board. 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 be entitled to a specific number
Of challenges, and the yerdicts Of the
industrial juries must be by unanl-
nous vote
For the Justice of Right.
1t is not compulsory arbitrator It
is a plan by which employers ana en-
ployees may settle their differences on
merit rather than by force II has
an advantage over the settlement OF
industrial disputes by the strike. in
that production will not be stopped,
class hate win not he developed The
justice of right rather than the force
Of might will settle questions. This
machinery g-ill give public opinion a
chance to act intelligently and effec-
lively. An interesting pa ragra pin reads
whenever an agreement IS reached by
the parties to a dispute. or deter
minaiion is announced by a regional
board of adjustment. or by an umpire,
or By the national Industrial tribunal.
the agreement shall have the full
force and effect Of a trade agreement
which the parties to the dispute are
bound 10 carry out"
We are facing the east The new
day is breaking. A better under
standing between employers and EN-
ployees is In sight. Let no one stand
in the way = compromise and conces-
sion
TO avoid changing alliances il 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
natioualiSm must he covenant in
suring the democracy of the world
! Americas place is in the vanguard
of the movement toward the New
/ Order" We are world power; we
cannot escape our place and our re-
/ SponSihility in the family Of nations
/ I am sure We 10 not want 70. ont
/ foreign policy is "Amerlea for Amer
leans and An for Humanity" Thu
creed of our house is Man Is Hii
/ Brothers Keeper"
/ tCopyrig ut. 1920, Western Newspaper Union
The Real London.