Covina Argus from Covina, California on April 4, 1908 · Page 7
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Covina Argus from Covina, California · Page 7

Covina, California
Issue Date:
Saturday, April 4, 1908
Page 7
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TRV THE COV IN A FURNITURE GO. FOR ANYTHING IN THE LINE OF FURNITURE or FLOOR ((WRINGS SAFEST PLACE TC TRADE W. O. CUSTKR. Manager Pooley's (ovina Nurseries Choice ferns and potted plants, roses, carnations and other ornainontal live* in soason. Salon yard, corner of Kirst it root and Sai>. Bernardino Road. HARRIMAN, 60, WONT QUIT YET Says Government interference Has Brought Chaos, New York Tiinrs : Kdwiird Ft. liar- ritnau at, CO if much too lnisy to tliink about retiring froin the railroad j business. On his last, birthday a year «K»> he thought thai; another twelve months would Hud him rrmd.v to quit the game, but yesterday he told a Times reporter that there are still too many moves to be made. He doesn't propose to stop even to consider retiring until the complications on the iadustrial chessboard have been solved sufficiently to enable him to Bee clearly a little distance ahead. Until then Mr. Harriman thinks he ovyes it to 400,00 stockholders and 1J)0,000 employees in his system to stay "on the ( job. " This definition of his position Mr. Harrirnan made in the course of his afternoon consitutional along Fifth avenue yesterday. The reporter met him coming out of the house and asked how things looked from Mr. Harrlmau's viewpoint of GO years. It was the railroad man who spoke ot the chessboard: "I wouldn't undertake to say," said Mr. Harriman. "No sensible man would undertake now to predict what is going £o happen or to make a comprehensive statement of present conditions. There are too many moves yet to be made before any degree of stability is reached to make such a survey possible." "Who ia going to mako them?" "You know as well as I do," returned Mr. Harriman tsharply. "The people of this cor.ntry have got to be brought to a proper appreciation of the interrelation between the various factors in industry. Then they must see to it that the administration o" law is conducted in their interest and not as a matter of personal caprice. " -»_.• "And you are going to stay in tho game until this comes nbout," Mr. Harriman?" the reporter asked. "I don't want to say how long I shall stay in harness.. A year ago when the Interstate Commerce Commission was at work, I said something about retiring in another year. Well, it isn't a case of changing my mind, but o? not having had time to think about retirement. I looked then for some falling off in business, but for nothing like what has occurred. I didn't expect to see 50 per cent of the decrease that has been realized. Under such conditions there is nothing to do but to stick until matters get into comoetent hands, at least, and until confidence has been restored. "Just now we are hearing about the wages problem. But do people appreciate that, with a given opportunity for the development of business, the more wo have to pay for capital, the less there is to pay Eoi wages? I am not referring to the scale of wages, but to the amount that we cnu spend for wages. And in order to get, capital on reasonable terms we have got to have good credit and credit must bo maintained by surplus earnings. Thuro in tho whole thing in a utitaholl. "A wrong idea prevails in a good many quarters about this relutionHhii of capital and labor. We men win. manage the roads are not the capitalists. Tho security holders from whom we borrow the money are the 'capitalists, and they arn in partnership with the ivate earners in trying to make a fair profit, out of serving tho public. It is our duty as man ag ,rs of the roads to preserve tin proper relations between the different factors so far a.s we can. But what becomes of our efforts when unwise government interference, resultin in such a condition of distrust as prevails at present, jumbles up all the factors in one conglomeration? "Be careful, now, not to c<;iifuf>u the terms. By turplun earnings I do not mean tho payment of dividends, but. the ability to earn something beyond what is required to meet bare charges and expenses. So in speaking of the partnership between the wage earner* and the stockholders, J do not limit myself' to the relations that exiht or that may exist between the corporate organizations on the one side, and the labor organizations on the oilier. I refer to the funda mental relations l.'-twien those \\hu furnieh the funds fur iiii estiiimt ;JIH! thohe who give tht-ir =ef vires to make tbe investment profitable. "It is quite obvious that restriction of business brings about uneco- uomicnl conditions throughout the industrial structure. When men are working on part, time, or under limitations as to hours and conditions, there is a tremendous waste in earning en pacify <".nd productive 1 energy. The whole fabric of industry cnu tract'-!. Tin-re is less mouey to be spent by the workers and cnn- Hequciitly lesn business $o be dune to supply the wants they can all'ord. A family makes one bay of flour go vhere t.wn were used before: the old lothcs are made over instead of hav ng new ones bought, "Multiply this by eighly million nd you can see what, it, means to jave the Nation economize. Add tho distrust uaturally .produced among ,boso who have tbe money to invest, ind there is a combination of forces it work with cumulative effect, the result, of which it is hard forecast, arnings decrease because of tbe slacking volume of business; capital because timid'-and rates for money jigh, and there is correspondingly ess to be paid for. the labor necessary to carry out the work tbat we have before us. Tbe question of whether wages will decrease does not depend upon my attitude or tbe attitude of any other manager of industry toward labor. It depends jpon whether we are going to have ;he money to pay labor to do the work tbat we ought to do. I believe tbat things will right themselves when people have had a chance to understand the situation, provided tbat we eliminate the self- seeker. What we have got; to have in political and in business life is tbe man who ia willing to work for others and doesn't undertake to move tbe pieces on tbe chessboard solely with a view to what be tbinks to be his own interest. If you ask me when I believe equilibrium will be reached and confidence restored, I say frankly that I dou't know. Tbe patient is now undoubtedly under treatment tbat will prove efficacious in the cud , but tbe question still remains whether the disease may not prove very serious before tbe correct treatment gets tho upper band. ' . "Mind, I do not lay all the blame on the public, or even on the politicians. The railroad men themselves are to blame for a great deal of what has bappeueJ, and they ought to recognize it at tliis time, when they have their own worries with them. If the railroad men of the United States had learned to trust, each other years ago a great deal of what has been suffered would have been avoided. There was a time when they had a right to make agreements covering traffic and rates, but what was tbe result? An agreement was hardly made before somebody whom it bound issued an order violating its provisions. That sort of thing was the root of destructive competition, and subjected tbe railroads to much of the trouble that, they have suffered since in being made the victims of any one who wanted to build an unnecessary competitive lino for tho purpose of selling it out. "I am not opposed to railroad regulation, provided it is coupled with railroad protection. Long ago I expressed the view that regulation even to the point of allowing the Interstate Commerce Com mission to fix tho rates, was not to he combated, provided the government would al low the roads to make agreements with each other through the repeal of the Sheiman law. The protection of the public in the making of mich agreements ia the degree of publicity now insisted upon in rchpuct of other railroad aflairs, ancTof that i am heartily Jin favor. Kenaible regulation, protection of the railroads against urmecefcHary competition, and publicity are in my mind tho three things thai will bet the railroad* right with the people in the end. I3ut, meanwhile, the men who have the responsibilities of the rail roads on their shoulders r: list keep to their task and not givo them over to incompetent hands. There'll be no trojihle about training up the men to run the railroads in the. next generation if the proper couditionh and dirriplina are established. j "And will there be the work to do, . if confidence in restored and the. ; proper relationships established'.' Of c<iin.-.e thi-re. will. There is as great a jioir-iljility of growth ahead of the railn.ails in the i.ext Ten years if onK of 30,000,000 of people is in its infancy. But, as I have said, the, selfseekor has got, to be eliminated and the people at Inrgo hove got, to come to on appreciation of the underlying relationships of tho factors Ui the problem. When those two things HIT in process of accomplishment it will bo time enough to talk about retiring. " Fur Sale Second grade SI. 00 per sack. \V. Al. Telephone Home !i 1 !'0. KILL THE COUCH AND CURE THE LUNCS WITH Dr. King's rnn d*h<vnr»MQ PRIOR run I Scj'&Jl' & MC * $ u *>' M ^*^OIUC?>S Tflat Botllc f-rno AMD ALL TKROftT AfJD LUNG TROUBLES. TJiri^ SATISFACTORY OS, MONKY HII Patrick H. Tally Cement Pipe flanufacturer ALL SIZES AND IN ANY QUANTITY Estimates furnished.—All work guaranteed. Agent for KANSAS CEMENT Large or small quantities. Yards, Azusa Avenue, just north of San Bernardino Road Telephone, Home 3249 Postoflicc Address, Covina I. N. WILSON The Blacksmith t With the most skillful mechanics and the best equipment we can do your work in the most workmanlike and hest manner in shorter time and at a reasonable cost to you. We also carry a line of Farm Implements, Wagons, Etc, and if you are thinking of purchasing a vehicle os any kind we invite you to call and look over our line and talk the matter over. We will guarantee you a square deal and save you a few dollars besides. Select Your Route TOURIST GARS To the EAST Via New Orleans, El Paso or Ogden Personally Conducted. Tourist Excursions from Los Angeles to New Orleans, Washington, Cincinnati, Louisville, Chicago, St. Louis, Kansas City, Denver, Omaha, Minneapolis, St. Paul and other points in the .East without change of curs. Through the, warmer climate of the South, with its rice and cotton fields; or over the route of the and across Great Salt Lake—"going to sea on a train." Pioneers of M9, I). B. SCIIKNCK, Agent. Covina Home phone 144 or G. L TRAVIS, Commercial Agent, Pomona Home phone dl; Sunset Main 70 Southern Pacific L,os Angeles Oflicc, fiOO S. Spring St., corner Sixth Tulare County Lands arc selling more rapidly than at any time in the history of the state. Why? Because the land is fine, the water pure and climate conditions unexcelled for the growing of fruits, vegetables and alfalfa. Tulare County raises the. cleanest oranges and the earliest. Though young in development about 3000 cars of oranges will be shipped this season. The grape industry is one of the surest in- vestments of all, and peaches, apricots, prunes, figs, olives and all small fruits grow to perfection. We have sold over MOO arn;v. of this land in the past two weeks. This shows how it is going. We have for this week one exceptional bargain. l'<0 acres only 3 miles from a good town, directly on the railroad. Fine soil, no hard pan nor alkali, for only $25 an Acre We have seen these lands and can tell you their qnalitic 1 come and go up there with us and see for yourself. ii or at it ri(/l life! i me po|,lllaf.ioll (,f I hih will it \\ i: n-arhed the .-y-ti-in of An that )..l- (Jl:Vl:l(,J I- fly. Within the if our childi en r i.,- ••ount i y no <i',ii! t •JljO. GOO, Mil), '•i ican railri.adiiit/ I t., meet the t.-.-d- ^j Phone 5008 J. H. MATTHEWS COVINA, CAL.

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