Evening star., 1925-04-12
TR|PART|TE RULE
IN INDUSTRY SEEN
Hoover Says Consumer,
Labor and Capital Are in
New Relationship.
By the Associated Press.


NEW YORK, April IA definite
ly new relationship in the whole set
ting of industry is in prospect,
Herbert Hoover, Secretary of Com
merce, told the National Civic FEEDER
alton at its first industrial round
table" conference here today.
Ownership of utilities and large
manufactures, said Mr. Hoover, had
been largely divorced from manage
ment, in being diffused among nail
dictate policy. The terms owner
and manager have had their day
he asserted.
1.-The new relationship" he said.
lis one of a tripartite responsibility
to the consumer on the one hand.
to the worker on another, and.
grudgingly. a regard for capital only
TO the extent that IL shall be COM
manded on the best possible terms
for the expansion and conduct of
industry.
Division OF Savings
The savings we can make through
invention, skill and elimination OF
collective waste is bound to be divided
over the consumer to attract business,
divided over labor to secure service
and contentment more than over
capital, because capital become es
cheaper with increasing security" he
said.
Mr. Hoover, with William Green,
president of the American Federation
of Labor, and Gerard Swope. presi-
dent OF the General Electric Co, dis
cussed the elimination of industrial
waste and the minimizing of indus
trial controversy. Alton B. Parker
presided.
Mr.. Hoover said that fully 80 per
cent of the national effort was
wasted" The saving process, he
said, did not propose ito abolish
Easter bonnets." but proposed more
fort
Outstanding Defects.
The more glaring wastes which Mr..
Hoover chalked up to the discredit OF
the present economic machine arose,
he said, largely from unemployment
during depression. speculation and
overproduction in booms, labor turn
over and labor conflicts, variation in
products and divergency in grades
and standards, inefficient processes
minals.
Organized labor, in Mr. Hoovers
opinion, has an identity of interest in
waste elimination, for on that, and
more efficient production, is based la
hors hope to maintain or increase its
wages.
He said labor's part was mot that
of distasteful speeding up to the ulti-
mate production of nervous human
wrecks" He counselled employers
and employees to discover the wide
areas of activity in which their in.
terest coincided.
Would Restrict Conflicts.
'It is the part of craftsmanship or
both sides to organize this identity
of interest in order to limit the area
of conflict" he said.
Mr.. Hoover added that America, as
a whole was finding itself a new soIu.
tion of economic problems, a solution
by which social satisfaction is to b,
attained with the preservation Of
private industry, of initiative anC
full development of the individual"
Only by this can the Nation reacI
higher standards of living, he said.
President Green of the American
Federation of Labor said that If al
employers would accept trade union.
ism as an essential part of industry
| it would remove one of the greatest
causes of industrial controversy. The
machinery of union organization, he
held, stabilized industry and offered
| the readiest means to promote in
dustrial peace.
Mr. Swope said he saw economic ad-
vancement in quantity production
a field in which he said the Ameri-
can manufacturer had taken the lead
This had meant both lower costs tc
| industry, lower prices to the public
and, oddly enough, higher earnings tc
working men.