Evening star., 1939-02-19


management IN hospitabe spirit and for cooperating with
employers in attacking the fundamental problem of rregl
ary OF employment To the he pointed out their
oongauon to recognize and strengthen union organization
10 bargain with the employees and above
all to promote what he has always described as industrial
participation OF employees in the RESPONSE
ollties and functions of management The making of
contract with union is long STEP he said
committee in 1915. 1T collective bargaining great ad-
vance But 1t is only the first step collective
bargaining should result industrial democracy it must 90
further and create practically governenta
relation between employer empoye the problems
as they arise from day to day. month to month
or from year to year. up consideration and
Solutlon as they come up in our political
Industrial Relations Plan.
inns statement described plan of industrial relations
Whc ne had put into successful operation in 1910
ton with the settlement of the strike the garment
trade Under that plan, permanent body was set up
composed of employers and of the
employees having continuous relationship each other in
the solution of the problems of industry and great
which became their common
To whatever issue he turned brought the same rare
combination OF vision resourcefuness and mastery of
In opposing proposed railroad freight
rates. he showed that by eliminating
save million dollars day In resisting the merger
New Haven and the Boston predicted in detail
the disastrous results which monopoly would bring to
investors business and the general public throughout New
England He received the tribute abuse with
Cassandras are honored, but the prophecy all too
true.
The episode of the New Haven led him broader study
of the relation Of bankers business management the
alarming concentration of control industry showed
that the great of the period by
prospects of greater efficiency but by he desire pro-
moters and bankers for huge commissions the
of inefficient management to eliminate competition and control
the market He showed that measured by results the
trusts of the day inefficient absolute dealings
with employees and the public and virtually beyond the
reach of the law The conclusion he reached this Break
the control exercised by the investment bankers
road public and industrial corporations banks
life insurance and trust companies and long step will
been taken toward attainment of the freedom
Supported Trust Laws
of
cenraon of control industry when Congress during
Wilson administration enacted the Clayton and
Trade Acts both of which he supported always
been convinced that inherent huge aggregations
OF corporate wealth be met successfully setting
some limit upon the size of corporate units.
Probably the achievement of his earlier in which
he takes the greatest satisfaction establishment
savings bank life insurance in Massachusetts, The
cost of industrial workingmens appeared to
him to be "the greatest life wrong
chusetts system reduced the of workngmens
by third by eliminating the wasteul expenditures
the stockholders profits characteristic ordinary
insurance.
He establishment of the Massachusetts, system
however more than of reducing the cost of
In the first place. it demonstration that the business