The Barre daily times. (Barre, Vt.) 1897-1959, 1922-12-14
INDUSTRIAL
CODE NEEDED
Declares Gov. Harding in
Order To Develop Nation
Orderly
GREAT ECONOMIC
LOSS IN STRIKES
---------------
Satisfactory and Just Com
pensation Is a Basic
Element

White sulphur Springs, Dec. Ia
That the time has come when the con- |
tinued orderly development Of the ma
ton. industrially and governmentally
demands the formation of Az indus
trial code aimed at the peaceful settle
ment Of disputes between capital and
labor was the declaration made here
to-day at the conference Of governors
by GOV. James Hardness Of Vermont. |
Governor Hartness. a former president
Of the American Society Of Engineers,
Il 4 world leader in the -'achine tool
industry operating a large plant IN
Springfield. Vt.
Pointing out the great economic
losses that attend strikes, Governor
Hartness said that conditions seem TO
warrant some central equalizing board /
that will function in the interest Of la
boz, capital and the public" Govern
ment regulation in the past has not |
been satisfactory because it has run
contrary to natural law and has been
Of a restrictive nature and not helpful. |
In spite 81 government regulation I'M
fair practices exist which, II they are
not eliminated as much as possible by |
orderly methods viii result in a con |
timed growth of political and social |
unrest"
eve must come to recognize" said |
the governor, "that while II Is highly
desirable to obtain to the largest pos !
sihle extent the private enterprise and
initiative. we must adopt a code OF /
rules under which these enterprises
must function
Satisfactory and just compensation
are a basic element Of good govern /
ment, the governor asserted and 1.-THE
lack Of such compensation i the basic
reason for the internal strife that !
threatens the entire structure. This
dissatisfaction is just as harmful
whether it is based on a true or a
false premise. Therefore. we must not
only endeavor to remove harmful
causes, but also to get rid Of the false
conceptions
The problem of what is a just and
fair pay is to be solved by arbitration
biased on code that fits economic
laws 1t is necessary to devise a ba-
sis FOR an economically sound compen-
sation for labor and capital which |
stimulates rather than reduces the |
shirt of enterprise. "We must see
that not only the worker. but the cap /
italist as well, uses his energy in a |
way beneficial to the public interest
The code should easily embrace the |
full scope of the use of all energies |
and all resources"
Even more serious than the ntrike,
according to Governor Hardness, is the
existence of serious inequalities and
of false leadership and false propa
panda. Back Of all harmful canses
we find lack of knowledge Of the fun
damental principles on which our eco
nomic and general welfare depends"
The standing OF the nation win ulti-
mately depend upon the framing and
adoption OF a successful code, the /
speaker asserted. "Some one nation
viii 20 ahead he said. "and that ma
ton will be the one that makes the
best use OF its energies. To that ma
ton other nations will pay tribute in
the market where the products are ex-
changed That nation. with hostile
purpose. could subjugate all Others. It
will be invincible in war
Governor Hartness said that the
American form OF government t"can
provide orderly ways and means to
correct our existing abuses, and de-
clared that while we have been remiss
and tardv in action "there is now a
definite warning that we must act ac-
cording to rational plan
In speaking Of the necessity Of spe-
cialization in industry, Governor Hart
ness said that the production Of the
Ford automobile was the best example |
of the fruits of intense specialization.
saving that "the average practice Of
other machinery building companies
can not produce a car 81 similar value
for much less than twice the present
selling price.