The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-03-19

least a saving wage. we simply place
in their hands a new volume OF cap
ital. electrified by their wants, their
brains, their energy, their new hum
gers IN life. Is sent about its useful
crrands with a vastly greater mo-
mentum than II receives from the
conventional bond buyer or financial
Investor. In paying the saving
wage 10 the American worker we
are not giving capital away; we are
gaining new brains and energy and
enterprise in the use OF our capital.
The abstract propositions can be
stated in the simplect practical
terms. Suppose a manufacturer OF
pianos decides TO pay his men n saw
ing wage. lie not only enables men
who never before owned a piano 10
own one now; he makes his men
larger buyers OF household furnish
ings, clothing. books, pictures, new
bathroom convenienCes, and count
less other dcsirablcs. They also save
something OF their new earnings.
and their savings I'm the banks make
so much more capital TO be loaned
TO men OF vision who see new
profitable business enterprises 10 be
started. An immense quickcning
has been given to the power OF
money because n very little more OF
IL has been placed I'm the hands of
people who use It quickly and with
intelligence. Giving the saving wage
Is not giving charity; It is bringing
tho working mans brains into busi-
ness. II Is onlisting whole new in
vcsting intelligence in the nations
business.
For the moment, at least. cannot
overlook one social aspect In this
matter. How much less social un-
rest do you suppose we should have
II we made the worker a capitalist
10 the extent OF having n savings ac-
count in a bank, or hold in some
business corporation in his safety
deposit vault2
Pay n Saving Wage.
say, pay the worker n savings
wage and you make him n partner
not only in your own industry, but
n partner In every industry and a
better citizen OF the country You
make him a hustling insider instead
Of n grabbed outsider. You give him
stake in your own affairs. He
then has some incentive 20 work and
urge thrift and hard work upon his
fellows. BY making him a real part
uer OF yours you convert him from n
hostile employe into n man who
Is working for himself as he works
for you. From every possible angle
the saving wage Is a great social ad-
vance and a great business Invest
ment.
As ] see things from the angle OF
the secretary Of labor. in whose
hands so many OF the industrial dis
turbances of the country pile up, the
great trouble with American business
is Just this tragedy OF short sighted
ness. If employers could see that
every concession on their part is not
n yielding but solid investment in
good will, and II employees could be
sure that every trust they place in
the generosity Of an employer will
pay a hard dividend in the wage
envelope, how much faster do you
think the wheels of industry would
hum? The question needs no
answer.
AS against the man who merely
inherits money. I have no hesi-
fancy whatever I'm placing the man
who earns money as by far the
more trustworthy custodian of
money. In other words / would re-
gard It as far safer thing for the
country IL the inheritor Of money
draws a slightly lower dividend, II
that Is necessary to see that the
Garner of money draws n slightly
higher wage. The man who mere
ly inherits money will ro less than
the Garner who has something TO
spend for Improvement of his i'm
mediate life, something to save for
the safeguarding of his life in old
age. To put 1t in nutshell. there
Is no possible argument against the
saving wage.
Very lately the newspapers car
ried an interesting proof that the
more farsighted of our business
men see the hard business sense in
n buying and saving wage. When
an Unexpectedly severe cut was
made in the wages OF many thou
sands OF workers in one OF our
great national industries. the work
ers found-perhaps to their amaze
ment-that many business men had
Joined them in protest against the
cut. These business men saw the
danger in reduction so radically
curtailing the buying power of so
many thousands OF American pro-
ducers and consumers. They saw
ip this short-sighted move n drying