Perth Amboy evening news., 1923-02-03

WELLESLEY HILLS, Mass, Feb,
3-There may not seem to be any
direct connection between ~alternat-
ing electric currents and human
emotions. That the two are govern
ed by the same basic laws, however.
is again evidenced by the fact that.
DR.. Charles p. Steinmetz has turned
his genius from things electrical TO
the problem of human relations.
This little giant of Schenectady
has forsaken an apparatus just cor
pleted that generates an electric
current of one million volts actually
manufactures real lightning to the
working out of a new industrial
system. His plan is outlined in com
plete form for the first time in a
statement to Babson Institute at
Wellesley Hills, where the leading
thinkers of the country r pooiing
their energies that the disastrous
boems and panics-periods of Wild
prosperity and then periods of bread
lines ma be lessened if not neutral
ICED in American economic life.
.tTfue capitalism and true social
ism are one and the same" besi1s
DR.. Steinmetz and that is a start
ling statement from a, mar who h@s
been a political fugitive because OF
his socialistic and supposedly ant
capitalist beliefs.
"Originally capitalism meant ia
dividual control continued DIR.
Steinmetz, with each for himself
and the Devil take the hindmost.
Originally socialism meant commun-
istic control with property under
common ownership. Changed con
ditions have, however, changed the
aims of both capitalism and social
ism. Both of these apparently OPP
posite groups have gradually been
coming together. Where formally
they disagreed both as to aims and
methods they now are agreed as to
aims and differ only as to the best
method of bringing about this mutu-
ally desired result. We make the
mistake of thinking of capitalistn
and socialism as they existed a gen
Grafton or more ago and not as they
are working today. Capitalism
once was synonymous with individ-
ualism and hence the capitalist
hated the socialist Now conditions
have changed and capital is as keen
for centralized control as are the
most advanced socialistic leaders.
THE representatives of both cap
italism and socialism are today seek
ing the same things namely the
unified control of industry by a
small group who make such wo X
their life's specially. The only par
ties who do not agree are the con-
sentative union labormen led by Mr..
Gompers and the radical politicians
led by Mr.. La Toilette. The ortho-
dox union labor leaders are merely
traders thinking primarily of their
own immediate interests, unmindful
of the public's welfare or the un-
ions welfare in the long run. They
think In terms of wages and bonus
rather than in terms of production
and commodities. They depend for
their gain on bargaining and strik-
ing rather than on efficiency and
usefulness. Their policies may tie
necessary "war" measures: but no
real prosperity can be built up n
such a 6ekle foundation. ! believe
in labor unions but not in the pue-
poses underlying these unions,
THE typical radical Is just as bad.
He calls himself g. progressive
Scientific analysis clearly shows
him to be one generation behind the
times. He is attempting to set back
the hands of the clock and stem the
S4oS5 VI PAOSLCoos Wh DOS0oSS
progress demands consolidation, be-
cause efficiency in production and
distribution requires cooperation
rather than competition. Wasteful
competition is the basic reason for
high costs. Cost in production has
been reduced by the developing of
large units and cutting out wasteful
competition. One reason why the
cost of distribution is today so great
is because this cooperation is just
beginning-through the chain
s~tores-to be applied to distribution.
The radicals are trying through leg
islation to break up these large and
efficient organizations. They are as
blind as the union labermen who
are trying to get richer by producing
less, Mind you-I'm not c~riticizing
labor unions per Sc. Labor has as
nauch right to unite in unions IS
have investors to unite in corpora
tons; but both should be subject
to the same laws and have for their
purposes production and distrtbu-
ton. Wage workers should not give
UP their organizations but they
should justify the existence of such
organizations.
"Only the capitalists and the So
c~ialists are working along sane lines
ana fhAaa fWn PraI1na ara canning