The Seattle Star Newspaper, August 23, 1919, Page 14

THE SEATTLE STAR—SATUKDAY, AUGUST 28, 1919. THE THREE ESSENTIALS OF MODERN INDUSTRY Three Partners Are Absolutely Essential in the Conduct of Every Modern Industry—CAPITAL, LABOR AND BRAINS First Is Capital people think of CAPITAL as simply another word for money—picture Capital as a portly gentleman dressed in dollar marks. This is a mistaken idea. If, by some unfortunate occurrence, all of the railways, mines, buildings, works, tools, roads, etc., in our country were to be swept away by a gigantic disaster in a night we would all be once more a great mass of humanity struggling for thebare gifts of nature and a miserable liveli- hood. Every man who, instead of spending, works today and postpones enjoyment for the morrow, who sows in the spring and hopes for a harvest in the future, who invests a percentage of his earnings or income in War Sav-_ . ings stamps or other securities that finance the making of any of the many useful things, adds to the amount of available capital—that is, to the apparatus by which Labor increases its own efficiency. Second Is Labor PON which the integrity of our democracy and the happiness of humanity depend. If Labor is to maintain its faa title as a partner, it must act as a partner—that is, it must contribute its fair share to the joint concern. The destiny of the nation is delegated to the wage earner. The general’s technical skill, the admiral’s maneuvering sub- tleties would be useless without the products of the workingman’s muscle and endurance. If the fire in the fur- nace died out and the dynamo went dead—if the arm of Labor palsied—the wheels of industry would cease to turn. Given a mass of raw materials, the Hercules of the factories—the heroic and stalwart Vulcans of American industries—by the magic power of brain and brawn, will launch this country on an era of industrial prosperity su as the world has never known. The wealth and security of the country rests on the shoulders of Labor. Every gain in American commerce and industry is identified with the prosperity of the American wage earner. Every business, in fact, is nothing more or less than the final expression of the law of Labor. RT aR Third Is Brains third partner in any business is Brains—in the sense of training and developing intellect. As an industry {9 grows and the amount of work increases, involving the buying of raw materials and selling the finished prod- ucts in every part of the globe, the need for men of executive brains, able to direct and organize all of these dif- ferent lines, is self-evident. For the great operation of industry the best brains are required. Brains rank with Capital and Labor as a partner—ALL ARE DEPENDENT, ONE UPON THE OTHER, AND CO-OPERATION OF THE THREE IS ABSOLUTELY ESSENTIAL TO THE SUCCESS OF ANY ENTERPRISE. By co-operation is meant the combining in proper proportions a spirit of fairness and a square deal always, both in theory and practice; a big, broad view of every problem from every angle, endeavoring thereby to cut out all narrowness and one-sidedness; a spirit of unselfishness, loyalty, courtesy, consideration for the other fellow. _ This Page Contributed by Representative Seattle Business Concerns , (COPYRIGHT)