Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-12-06
HARDING ADDRESSES CONGRESS ON NATIONS POLICIES

tion of cases he is both. and when be
is both he is the most useful citizen.
The right Of labor to organize Is Just
~ fundamental and necessary as Is the
right Of capital to organize. The right
of labor to negotiate, TO deal with and
solve its particular problems in an or
ganiscd way, through it's chosen agents
is just as essential rs is the right OF
capital to organize, to maintain cor
porations. to limit the liabilities OF
stockholders. Indeed, we have come &c
recognize that the limited liability of tho
citizen as member of labor organ
ization closely parallels the limitation
OF liability Of the citizen as stock
holder in corporation for profit. Along
this line Of reasoning we shall make the
greatest progress toward solution Of our
problem Of capital and labor.
Public Has Large Rights
In the cnse of the corporation which
enjoys the privilege Of limited liability
Of stockholders, particularly when en-.
gaged in the public service, it is recog
nized that the outside public has larg,
concern which must be protected and
so we provide regulations, restrictions
and in some cases detailed supervision
Likewise in the case of labor organiza
tions, we might we'll apply similar and
equally well defined principles OF rcgu'
lation and supervision in order to con-
serve the public's interests RS affected
by their operations.
Just as it is not desirable that q
corporation shall be allowed to impos,
undue exactions upon the public, st
Il Is not desirable that q labor OrgaDiZa
ton shall be permitted to exact unfair
terms Of employment or subject The
public to actual distrcsses in order t
enforce its terms.
r..ao s..,,
mFinaIlv inst as ve are earnpstI,
seeking for procedures whereby to ad.
lust and settle political differences be.
tween nations without resort to war
so we may well look about for mean
to settle the differences between organ
izeG capital and organized labor with
out resort 10 those forms or warfare
which we recognize under the name O.
strikes, lOckouts, bOyCOtts and the like
"As we have great bodies OF av
carefully regulating, the. organization
and operations of industrial and tinan'
cial corporations, as We nave treatict
and cnmpaCtS among nations ,,d MnlCl
WV" -, ~. 4, --.-,... r = n: d.
ences without the necessary Oh connie
IN arms, SO We ulght "eii nnSe lsluns =?
conference or common Co!ns:i: OF hL.ul
alton. arDltrntlon an! JIuicial urtSp t
mination IN contro'ersies between l"oo
and cnpita.
Tribunal TO Settle Disputes
.rro ,or,,,,;sb ,b;o would ;nvolv
A. i" ooosIt!, aoIVAP tn dogsion n tborougb
tna HeCrSS''S ,otioo " !, Jooling Wit,
gong cSue " ,,,ioht - bo ''S yyo,l r
,.nL,' sm"n u""'tS az .o-,s +Ln a|ncrior intcres
of tbr community as n whole to e!tho
mo iabor grouD or the capital group
Wien r;qhts nriyilcgcs or immunities
and modes Of organization thus care
SuIi,. dofn.d Il should be possible I
vot nm judicial or IUIasi judicial tribu
n.ls TO- the consideration and deter
min..,on ~ ali disputes which menac
tho n,,biic welfare
G,t, an ,ndmatriaI society such ps our
,bo rtrike tbc jorLort onI +hc hoycot
ore Que a. rnTcb ort of nioca and MS disas
80 l., +boir rasnits os ia wor =
orruod evolution IN tho domain OF noIi
t,co rTho same dIsnosition TO reason
sbleness, to conciliatior. to recognitio
same provision oL lnll anu '''ai. ''''',