Evening star., 1927-05-03
F|SKE DESCRIBES
NEW BUSINESS ERA
Tells Chamber of Commerce
CAPITALIZATION Alliance
Means Better Times.

New alliances between capital and
labor have brought about new era
in American business, Haley Fiske,
president OF the Metropolitan Life In.
surance Co. of New York, told the
first general session of the convention
of the Chamber of Commerce of the
United States here today. Recogni-
ton of this new alliance and conf
dence in the future prosperity OF
business featured the discussions at
the session.
Business has had to steer eau.
tious course between the Scylla OF
competition and the Charybdis of Gov
ernment stoae-wall regulation and
antitrust legislation" Mr.. Fiske said.
1T has had rather a hard time or
sif during the last generation" he
added.
Business men have survived by
casting overheard traditional rivalries
and forming new alliances with each
other, with the public and with labor,
he asserted Workingmen have be-
come capitalists in this new era, he
stated, adding that labor has taken a
new attitude toward its employers.
1T seems to me there are increasing
signs of better understanding between
employer and the employees" he con-
tinued There is much evidence that
business men are regarding the human
element in labor relationship. On the
other hand the trade unions are recog-
nizing that peace and prosperity can
be promoted by understanding, by CO.
operation, by recognition of a common
interest in industry.
There is every evidence that organ
lied labor is recognizing the responi-
bilities of capital and the representa-
tives of capital AS q matter of fact
the working people are not only becom-
ing capitalists through saving, invest
ments and life insurance, but they are
forming corporations with large capi-
tai. Business men should Sympathize
with this new attitude of labor, and
should lend a helping hand and CO.
operation"
II self-regulation of business had be-
gun 25 years ago there would be fewer
laws in restraint of trade today, John
w. O'Leary, president of the cham
ber, declared in his annual address.
1t was because business refused to
recognize its responsibilities and regu-
late itself that these laws were passed,
he said.
Mr.. O'Leary expressed optimism for
the future of industry. AS business
comes more and more to regulate its
own affairs it will find increasingly
less interference from the Govern
ment, he said. He pointed out the con-
tinuous efforts being made by the
Chamber of Commerce of the United
States and it's allied chambers to bring
about better understanding among
business men and between business
men and their employees, and expressed
confidence in continued harmony be-
tween capital and labor.
Mr.. O'Leary announced that the
building for the United States Cham
ber of Commerce here had been COM
pletely paid for.
Group Luncheons Held.
Following the general session, tho
delegates divided into several groups
for luncheons devoted to special in
terests. Luncheons were held by the
agriculture section at the Mayfiower,
the civic and development section and
the finance section at the Hotel
ashington and the insurance and
manufacturing sections at the Will
lard
AT the civic and development
luncheon Maj. Henry Curran. coun-
sci for the New York City Club, de-
clared that New York's tall buildings
and the deep street canyons they
form remind one of so many lively
bowls of human spaghetti wriggling
through crowded streets and sub
ways" and the speaker bemoaned the
fact that nearly every other large
American city is following New York's
example.
Harvey Wiley Corbett, architect,
contended, however, that the sky
scrapers have made New York the
greatest city in the world.
I'm modern business" he said,
''concentra Aon is all-important. be-
cause, in the final analysis, all bust
ness deals, no matter how vast or
how complicated, are based on the
simple law of barter and sale. Any.
thing that helps to consummate real
quickly and with the least waste of
motion is a boon in this day and age"
He contended the skyscraper meets
these demands.
City Boundaries Disappearing.
City planning and building is rapid
ly erasing the imaginary corporate
boundaries, sAid Robert Kingery, sec
retary and assistant treasurer of the
Chicago Regional Planning Associa-
tion.
THE region, whether II be for a
few miles around small community
or 50 or SO miles around metropoli.
continued on Page s, Column Sd