The Waterbury Democrat., 1938-03-31
INDUSTRIES PLAN
 4-POINT PROGRAM
Immediate Action to Meet Rising Manufacturing
 Costs Held Essential

bOSUOIl, MdTCH olNOpcCldll - n four-point program to enable New England industry to meet the rising tide of manufacturing costs and in- creased taxation was outlined here today by John F. Tinsley, Worcester industrial executive and chairman of the Community Development Committee of the New England Council.
 "New England cannot mark time if it is to continue to complete with other industrial areas" the speaker declared. we must wade into the problem of reducing costs with sharpened intelligence and grim de- termination"
 MT. Tinsley, who is vice-president and general manager of the Cromp- ton and Knowles Loom Works in Worcester, spoke before the annual convention of the New England Paper Box Manufacturers Associa- tion at the Hotel Statler.
 Reduce Costs
 "In the light of the sharp and burdensome increases in costs that have taken place in the past few years, it would seem that industry's first and most important job is to do everything 1t can to reduce its costs" MT. Tinsley declared. ITO that end, we in New England should be interested in doing our utmost along the following lines:
 "Obsolete and inefficient equip rnent should be eliminated. It is estimated that in New England 63 per cent of all manufacturing equip ment is over ten years of age, and a very large percentage is over 25 years of age.
 Improved cost accounting is an- other need cost accounting that particularly shows industrial wastes and thus stimulates improvement. l refer to repair and maintenance costs and idle time, wastes of mater 1al and power. We should not be satisfied with average costs. Our accounting should be such as to show up abnormal costs.
 'Tt is plain that if present costs are to be lowered, the future holds a greater demand for technological improvement than has the past.
 We'll Equipped
 "Research should take on a new value in the minds of every New England industrialist. New Eng land manufacturers will find that this region is singularly well equip ped to help in this direction. The New England Council has been ln- strumental in developing among the splendid technical colleges of New England further interest in this field. Our colleges are not only able but ready, to be practical aid in meeting industrial problems of the present and the future. We have 2d colleges in New England, all ol which have splendid programs that may be used by industry. These fine facilities should be used, to- gether with the brains of industry itself. in research studies to develop lower costs, new products, ne" markets"
 MT. Tinsley also emphasized the need for industry to "appreclate and adjust itself to the new rela- tionship of the employe." Industry should accept the principle of col lective bargaining, he said, ano strive to develop practical coopera- ton between employer and employe ''The future will require the closest possible cooperation between em- ployers and employees in the solution of problems that affect the best m- terests of both"
 Older Worker
 The problem of the older worker in industry is one that needs care ful study, the speaker advised, stat irlg that employers have here the opportunity to make very impor- tant contribution to it's solution Another obligation of industry, MT Tinsley declared, lies in the devel- opment of proper training programs that will encourage the younger workers and develop incentive. Elm ployes need to know more about the businesses in which they are en- gagged and opportunities for employ er-employe cooperation in this field seem great.