New Britain Herald Newspaper, August 26, 1922, Page 9

ROGER BABSON FEELS R.R. STRIKES CAN BE AVOIDED This, And Not Alone the Settlement of Present Difficul- ties, He Commends to Consideration of Country. Wellesley Hills, Mass, Aug. 26— People are not so much interested in the temporary settlement of the coal strike and the raliroad strike as in developing plans so that they will not periodically re.occur. It {s not enough to know that we shall have coal this winter or that rallway traf- fic s not now suspended. If the peo- ple of this country are to be healthy, happy and prosperous, we must know that some plan is being evolved to prevent these strikes from re-occur- ing. In view of these facts, Roger ‘W. Babson was this week asked to make a forecast as to future labor de- velopments. His dlagnosis of the strike situation follows: One Major Fsult “AWhen in Washington during the war, assisting the secretary of labor, it wag evident that the students of la- bor problems were divided into two distinct groups; one group believes in ocompulsory arbitration as {llustrated by the Kansas industrial court, and the other group stands purely for con- COAL AND tempt compulsory arbitration in con- nection with these businesses which are operated solely for profit, The best means of avoldmg trouble in these Industries is by keeplng these Industries in two major labor groups, one group to be strictly ‘“‘unfon” und the other group strictly “non-union.” Let the union group adopt the closed shop and let the other group be gtrict- ly non-union. Then let the two groups compete. I do not mean necessarlly in production, but rather see under which system the public, the employes and the stockholders, all combined, are most prosperous, My own guess is that none of these three parties would long be healthy, happy and prosperous with all “union” or with all “non-unfon.’” When one group secures control, it becomes inefticient, careless and arrogant. My guess is that an industry would be most pros- perous and all concerned in it would be rendering the most service and he happlest if the industry were equally divided into a union and a non-union first two groups to which such strong- arm methods will be applied are the| rallroads and coal mines, me say that the rallroads mine operators are themselves largely to blame for present troubles. though the owners of these properties are now behaving have not always done so. the unwise methods that labor leaders are using today were applied by the raflroads and years ago. now are only reaping what they have sown, not make a right. have transportation and fuel at a fair rate and the operation of its railroad and coal turbed by either labor leaders or stock market operators, secure a fair rate the interstate com- merce commission has been organized and te secure undisturbed transporta- tlon the Rallroad Lahor been created. that commission—Is functioning very well, and the struggle Rallroad Labor board.” of a strong feeling on the part of both the rallroad managements employes that the Rallroad board was not properly made this Mr. Babson said: ) NEW BRITAIN DAILY H First, let and the Al- themselves, they Most of mine operators of 20 Hence these corporations Nevertheless, two wrongs do Our nation must properties must be undis- Regarding the rallroad situation: to board has The first of these— Interstate Commérce s, the is now over the At this point Mr. Babson was told and the up. Concerning About The R. R. Board “Experience has shown that boards hetter organization, and lower costs come vate belleves that private operation should continue so long as the present em- ployes of the railroads, public utilities and coal operators are not compelled to work for the properties but are free to leave them and work for other people, and so long as there are plenty of other men available and willlng to work on the railroads, public utilities mines under a system of compulsory arbitration. 1% RALD, SATURDAY, drafted for the armfy Is not a form of slavery, Government Operation Unpopular, “This may be all right in theory,” continued Mr, Babson, “but the pub- lle s in no mood at present for fur- ther Government operation. sults of the war, In connection with the bullding and operation of ships and the various other interests the Government took a hand, that under present conditions ernment efficient and unsatisfactory. The re- operation of the rallroads, the in which show Gov- operation s expensive, in- believes today that better discipline through pri- The publie further The public operation, owners of these and coal “In view of these facts, it secems to me that the public will not at present tuke seriously the claim of the labor leaders that compulsory applied even to industries for profit is necessarily slavery. If it were if there were not a group of men per- arbitration operated to apply to all industries or rail- AUGUST 26, 1922. STOC EXCHANGE REPORTS Quotatfons furnished by Putnam & Company, Low 475 60% 2T% 118% 688 82% 122% 151% High T Close 471% 607% Am Bt Sugar .. Am Can ,.,.... Am Cot Ofl Am Loco ..., Am 8 & Ref .. 64% Am Su Ref com 83 Am Tel & Tel . 123 Am Tob ..., 155 Am Wool . 93Y Ana Cop ., . b5y Atch Top 8 & F 103% AtGult & W1 . 304 Bald Loco .... 126% Baltimor & O .. 68% Beth Steel B .. 78% Con Textile ..., 10 Can Paciflc .. 145% Cen Leath Co .. 41% Ches & Ohio . 76% Chi Mil & St P . 843 ChiRIsI & P .. 44% Chile Copper .". 2314 Chino Copper . 140 Con Gas ...... 140 Corn Prod Ref . 117% Crucible Steel .. 953 Cuba Cane Su'.. 14 Endieott John 857% Stanley It. Eddy, Manager 100 Shares Fuller Brush 7 per cent Preferred Mcmbers New York Stock Exchange Members Hartford Stock Exchange (Successors to Richter & Co.) PUTNAM & CO. 31 West Matn St., Tel. 2040 JUDD & CO. MEMBERS HARTFORD STOCK EXCHANGE BARTFORD: Hartford-Conn. Trust Bldg., Tel. Charter 6330 ', NEW BRITAIN: 23 West Main St.. Telephone 1813, WE OHTFER: Torrington Co. Stock fectly willing to work on the roads, public utilities and coal mines under a system of compulsory arbi- tration, then there might be some jus- tice in the slavery argument. To- day, however, railroad men are per- fectly free to go into other lines of activity for which no compulsory ar- bitration is suggested, while hundreds of thousands of men are willing to work for the railroads, public utilities and even the.coal operators under a compulsory arbitration system. How will such a compulsory system Le put in operation in connection with the railroads, public utilities and mines? Possibly the people will be o irritat- ed that congress will with one swoop apply the Kansas industrial court idea to the railroads, public utllities and mines. I hope, however, this will not be done. The need of the hour is to have workers feel right. We shall never have efficiency and a reduction in the cost of living until those en- gaged in industry feel right toward their work. People never feel right when forced to do anything against their better judgment. Hence my forecast is as follows: “The rallroad labor board’'s rulings will not now be made compulsory as to the present employes, but they | will be compulsory on every employe who goes to work for the railroads after a certain date. Those em- ployes who are now at work for the railroads came on a free, competitiva basis and have done faithful work. Although theoretically they can change to some other job, yet practi- cally they cannot. They know the railroad business and this is all they do know, and it isn't fair to say they can quit at their present time of life and enter a new fleld of work. There- fore I say that unless these present employes will voluntarily come under the compulsory arbitration system they should be free to continue as at présent. But every additional man hired will be hired with the distinct understanding that he will conform to the decisions of the railroad labor board, as must the stock-holders of such corporations. This would be perfectly fair and would bring about a result which would be gracefully ac- cepted by all in the course of time. Under this system it would take a few years to bring about the desired result, but we wonld rapidly approach it from year to year, and when adopt- ed it would have the full co-operation of all concerned. This is my forecast of the way that the problem will ul- timately be worked out. Then there will be no more strikes on our rail- roads, nor in connection with the pub- lic utilities, mines, etc., when the same method is extended to include them also. Erfe .. Erfe 1st ptd . Gen Motors Gt North ptd In Cop .. Inter Con . Inter Con ptd . In Mer Mar ptd 58% Allls Chalmers . 58% Pacific Ofl ...., 67 Int Nickel , . 17% Int Paper ...... 56% Kelly Spring T . 435 Ken Copper ... 37 Lack Steel ..... 803 Lehigh Valley . 658 Mex Petroleum 183% Middle States Ofl 138 Midvale Steel .. 351 Missouri Pacific 238 N Y Central ... 981 NYNH&H. 32 Norfolk & W .. 1173 North Pacific ... 8885 Pure 0Oil .. 33 Pan Am P& T . 793 Penp R R ..., 46% Pierce Arrow ... 12 Pitts Coal ... 653 Reading 79% RepI & 8 .. 13% Royal D, N Y .. 5414 Sin Ofl Ref . 327% South Pacific .. South Rail Studebaker Co Texas Co .. Texas & Pacific Tob Pro ... Trans Oil . Unian Pacific . United Re St ... v v consisting of three groups (one group representing capital, one group repre- senting labor, and one group repre- senting the public) do not function well. The group representing capital vote in one body for the corporations; the group representing labor vote in one body for the wage workers; this leaves the decision to the three men who represent the public. The prob- lems involved are too great to permit leaving the decision to three men chosen more or less for political rea- sons. To have the Rallroad Lahor board or any other such board proper- ly function, five, seven or nine men should be selected who represent neither the corporations nor the wage workers, but who represent the na- tion. These men should be paid large salaries, given dignified positions, ap- pointed either for life or for long terms, and treated like the supreme court of the United States. These men should gradually build up a code based upon their rulings, secking the advantage of no one group, but rath- er the welfare of the nation as a whole, which in the end would be for the best interests of both the owners and the wage workers. The decisions of this board as applying to transpor- tation, public utilities and simfilar conflicts, should be absolute and final. “Railroad owners are now willing to accept compulsory arbitration, but the labor leaders are not. Some claim the labor leaders are afraid of losing their jobs, but I do not be- lieve this to be the reason. They ap- pear to be honest in their belief that enforcing men to work for profit is only a form of slavery. Forcing a man to work in a steel plant which is operated for profit may be a form of slavery. If compulsory arbitration applied to all industry, we certainly would be reverting to slavery. ‘When, however, it is applied only to transportation, public utilities, coal mining and one or two other indus- tries, thus leaving the great field open, compulsory arbitration cannot be call- ed slavery. I say this because under such conditions any man who did not | [ wish to work for the railroads, the public utilities or the coal operators | would be free to go into competitive industry to which compulsory arbitra- tion would not apply. The labor lead- ers state they are willing to accept compulsory arbitration—as best ex- emplified by the Kansas Industrial Court—provided the railroads, public utilities, coal mines, etc., are operated by the government, not for profit. They illustrate their case by stating that this is the reason they are will- ing to be drafted for the army, be- cause the army is operated by the Government, and not by individuals i for profit, and that this is why being fleld. So much for general industry. When disputes arise, only conciliation should be applied by a third party. There should be no compulsory set- tlements in such cases. “When, however, we come to trans- portation, fuel, public utilities such as water, light and gas, or to the distri- bution of milk, bread, etc., we find a clliation without any compulsion, Conservatives and radicals can be found in both groups. Investigation leads me to belleve that there is a fleld for both of these lines of work. Labor disputes in connection with general industries, such as the textile industry, the boot and shoe industry, and possibly the steel industry, should be kept on a conciliation basis. [ group of industries to which compul- It surely would be a mistake to at-[sory arbitration must be applied. The Lo e ——— | 26 928 41% 1% 56% 58 563 17% 56% 438 365 79% 67% 1917% 1314 35 23% 97% 31% 1173 871 3214 9% 481 12 65% 78% 73% 54 823 93% 26 127% 43 323 84% 14% 1493 4% 7% 65 563 103% 68 6% 63% (Putnam & Co.) Bid . 638 . 188 Thomson; Tenn & To. NEW BRITAIN Hartford New Britain National Bank Bldg. 10 Central Row Telephone 2580 Telephone 2-4141 Members Members Hartford Stock Exchange New York Stock Exchange Donald R. Hart, Mgr. ’ Sl 3y / WE OFFER: TRAUT & HINE TO YIELD OVER 79% ‘We Do Not Accept Marginal Accounts. JOHN P. KEOGH Member Consolidated Stock Exchange of New York Waterbury STOCKS Bridgeport Danb New* anbury BONDS ew" Havea Middletown Springfield Direct Private Wire to New York and Boston G. F. GROFF, Mgr—Room 509, N. B. Nat'l Bank Bldg.—Tel. 1013 ) 150% 75 % S Food Prod .. 7% S Indus Alco . 667% U S Ruber Co . 57 U § Steel .... 105 Utah Cop .. 68% Willys Overland . 6% Westinghouse 63% Your Vacation— —Next Year The Hartford-Connecticut Trust Company Corner Main and Pearl Streets, Hartford, Conn. Capital $2,000,000.00. ~ Surplus Funds $2,000,000.00 Safe Deposit Boxes, $5.00 and upwards. Settlement of Estates. Foreign Exchange to all parts of the world. LETTERS OF CREDIT — GENERAL BANKING Bank by mail. It is safe and saves time. Aetna Life Ins. Co Am Hardware Am Hoisery .. . Bidge-Hfd Cpt Co com . 123 Billings & Spencer com .. 25 Billings & Spencer ptd . 26 Bristol Brass Colt's Arms B Corn Lt & Pow pfd . Eagle Lock Fafnir Bearing Co .. Hart & Cooley .. Hfd Elec Light .. Landers F J R Montgomery com J R Montgomery pfd .. N B Gas . BEGIN now to save for it and be free from worry when vacation time comes again. Our 40 week Vacation Club for membership September 1st. week for your next vacation. will open Save each OPEN MONDAY EVENINGS New Britain National Bank Niles-Be-Pond com .. North & Judd Ve Peck Stow & Wil Russell Mfg Co .. Scovill Mfg Co ... Southern N E Tel , Standard Screw ... Stanley Works . .. Stanley Works pfd Torington Co com Traut & Hine . ... Travelers Ins. Union Mfg Co Savings Bank of New Britain Organized 1862 - eSS | Assets—8$13,000,000 Surplus—§700,000 A MUTUAL SAVINGS BANK It is the duty of every person to save, regularly and continuously. This bank offers a safe and convenient place for the deposit of these savings, where 41,9, interest is being paid. Notice:—Yes, It’s Next Saturglay, Sept. 2nd, that we start our Vacation Club. 50c, $1.00 or $2.00 put away regularly for just 40 weeks will bring to you next June a fine check which will insure you a most enjoy- able vacation. Plan to start next Saturday. START AN ACCOUNT NOW Open 8 A. M. to 3 P. M. Saturdays—8 to 11 Monday Evenings—6:30 to 8, (Standard Time) 178 MAIN STREET NEW YORK CLEARING HOUSE REPORT Exchanges . . 596,500,000 Balances 53,200,000 No One Arrest&?et For Johnstown Beer Johnstown, Pa, Aug. 26.—C. T. Sprague, acting group head in charge of the prohibition enforcement office {In Johnstown has returned from | Philadelphia, where he was in con- NEED FLYING AMBULANCE | dentship in history at the Manchester ference with Sta€e Prohibition Direc- | ST 2R university, which was founded in 1920 | by Mr. Stephen Pickles, in memory of : | 'his son who fell in the w: tor Jghn lT Davis. Mr. Davis is ex- ([Remote Sections of Australia Urges | Fight applicatione :\ir:”.receh’ed pecte n Johnstown tomorrow to ! - Sakl R Lk Putting Afrcrafts Into Use For Aid- and the successful candidate is Miss k& Gertrude Ann Jacobsen, who is an p'ace at the Philadelphia meeting is instructor in history in Wooster col- a secret. Mr. Sprague having re- | > fused to give out any information. e fl.‘l.::!‘:.\' ?\hfmx;nprgnhrr F;‘r::xs?al?ii!:r;pe;a‘: ‘Ona wiek has Hapser{ since _Mfl OT [the many hardships that beset “out-|ticularly of foreign policy, under the Jiseph Caufflel promulgated his .xm- .0k settlers” in Australia—the in- instruction of Professor Wallace Note- ous real beer edict, and in Ctav {ime |aplity of persons to obtain prompt|stein of Cornell university. the enforcement officers here have | s and effective medical care—would be not made a single rald or arrest.|syminated by carrying out a prnpr\p.[ Mayor Cauffiel was out of the ecity A Sy a Qiylal by the Queensland Branch of the | ay and was unable to read the)aero club to establish a fiying am-| e e several bags of muail that arrived at | Health Authorities From U. §. Study- ‘ bulance for the remote western part| his office. of ‘thet state. ing Conditions in European Country Warsaw, Aug. 26.—Dr. Royal 8§, k) Were you one of those who did not open up a e | T s of pasons who work in| e i the g"‘"-“;dmfl'fl‘;?“ M”'gl:"f';‘a‘g: Copeland, health commissioner of ° % . th Fresh Youth Draws Double Penalty ang in some distriste by the abeence | V¢ OTK city. is at present in Poland Savings Account at the Burritt during the past For Pinching Gy T 470, $0me disricts by he avsencs | suiing Tocal ealth Sondlioms 34 . Ihad several conferences with Dr. week? Just a dollar ($1.00) will start an account and the spare change added every now and then ° ‘ ° . . -ll b old F:'V‘m"' 5‘;”!'-’ m;‘;]’*» \ -=““" 8he | posted that every landholder in the th t was sitting beside hompson 10 A |;.s5 prepare a landing field. The es- BIOLOGICAL CALAMITY INST. will soon surprise you, in the way it will build up. Biihda Do 1ee, e Sapeel e o o e pltn e it o e B & iew. e faco and then followed him to the|( i ohile olub and the Ambulance;Minimizing the effects of biologieal 26.—An Ameri- |ily, methods of researc and the ap- can has been awarded the Harr_v'pnrunon of the resul*s of such re= ing Those Afflicted. Sidney, N. 8. W. Aug. AMERICANS IN POIAND sor. 28, bf 350 Fifty-eight street, | .,n4jtions are sald to be favorable The visit of Dr. Copeland is con- 448 |with the Aero club in the plan generous share, a biological calamity New York, Aug. 26 —Louis Thom- |overcome this obstacle. Atmospheric IC Adzk 1 Braoklyn, was sent to fail for ten|son g e plnned e make | orare Chodzko, Polish minister of health. nected with the purpose of New York been found guilty of pinching the leg territory. Most of the stations read of epidemic diseases through - 9 lamiti f which Ji has had open Saturday Evenlng8—7 to 9 o'cloc street and caused his arrest. Transport Brigade are co-operating CAlamities of which Japan has had & e fnvestigation institute is to be estab- | BURRITT SAVINGS BANK BARGAIN WEEK | v wwevwnr | American Woman Gets Honors Prom"“ by the instit be supported . R T RE ORI yond Charleville are linked with the Mies Hilda Herbert, 20, of telephone system. It has been sug- | immigration by the Colleges o Medicine, Technies, Literature and Economics. Primare days yesterday in default of paymentyije the terminus of the western rail city to send a sanitary expedition to lished at the Tokis Tmperial univer- of a $10 fine Imposed after ke had |,y the center of aerial ambulance Poland to protect New York from the sity. The reses 5 be undertak- BESSE - LELANDS Manchester University Manchester, Aug Thornton Pickles post-graduate stu- searches will be studied.