The Waterbury Democrat., 1934-03-26
Labor And Capital
 Started On Nelu Era
(Continued from Page II

rom Page II
 I said, ito those critics who have as- serted that managers and employees cannot cooperate for the public
 good without domination by selfish interests"
 "I would like you to know" he | added, that in the settlement just reached we have charted new course in social engineering in the United States.
 New Era for Both "It is my hope that out of this will come a new realization of the opportunities of capital and labor not only to compose their differ ences at the conference table antl to recognize their respective rights and responsibilities but also to es- tablish foundation on which they can cooperate in bettering the hu-
 man relationship involved in any
 large industrial enterprise. Tn the settlement just accom-
 plished, two outstanding advances
 have been achieved. In the first
 place we have set forth basis on
 which, for the first time in any
 large industry, more comprehen-
 sive, more adequate and more equitable system of industrial re- lations may be built than ever be- fore. It is my hope that this sys- tenn may develop into kind of
 works council in industry in which all groups of employees, whatever
 may be their choice of organization or form of representation, may participate in joint conferences
 with their employers and am as- sured by the industry that such is also their goal and wish.
 "In the second place, we have
 for the first time written into an
 industrial settlement definite rule
 for the equitable handling of re- auctions and increases of forces. If
 we can establish a formula which
 gives weighht to the human factors
 as well as the economic, social and
 organizational factors in relieving the hardship of seasonal layoff, we
 shall have accomplished a great
 deal"
 One Crucial Point
 Washington, March 26-UP)-
 Section "A of the MIRA, central point of the automobile controversy
 and of a number of other disputes
 between capital and labor, was in- terpreted in the final agreement in terms acceptable to both industry and the unions.
 The interpretation as reported by President Roosevelt: "EmpIoyes have the right to or- ganize into group or groups. "When such group or groups are organized they can choose repre- sentatives by free choice and such representative must be received collectively and thereby seek to straighten out disputes and inn prove conditions of employment. Discrimination against employees because of their labor affiliations or for any other unfair or unjust req son is barred"
 Roosevelt Vacation Washington, Mar 26-(UP)- With the critical automobile situa- tion out of the way, President Roosevelt will leave tomorrow
 night for. a brief fishing trip off the Florida coast.
 The railroad wage question re- mains to be settled but no acute time element is involved and nego- tiations were proceeding smoothly today in the hands of Rail Coordi- nator Joseph B. Eastman. The president would be pleased if this issue also was settled before
 his departure but Is believed to be l convinced satisfactory solution can be worked out shortly. Eastman expected to confer with
 rail union leaders again today.
 The president will go by train to Jacksonville, Fla, where he will
 board the yacht Normahal owned by his friend, Vincent Astor. He | will spend a week of relaxation in
 deep sea fishing.
 No Rail Strike Washington, March 26-UP)-
 Transportation Coordinator Joseph
 B. Eastman hinted today after a
 lengthy and inconclusive session
 with union leaders that the railway l wage controversy may have to be l settled under provisions of the rail- ] way labor act.
 "Of course there is no possibil- ity of strike." Eastman said. "The
 whole thing may get down to iron. ing the differences out under the
 orderly processes of the railway
 labor act. That might take some | time"
 Eastman, presented to Alexander F. Whitney and the other union executives the views of President
 Roosevelt, he said, but agreed with
 the union leaders not to make these
 view public yet. ! Eastman said the union execu-
 tives would "mull over the situa-
 ton while." and then telephone him for another conference. He
 added that be believed .the pro- l tracted series of conferences be- tween himself. the union men. and the. railroad executives would end
 with a decision "one way or an ! other soon."
 Many TeIcgranls Washington, Mar 26--UP)-
 Many kilograms and messages com grat1lating President Roosevelt for
 his part in settling the threatened automobile strike poured into the
 White Hnuaa