Show I EFFICIENCY OF LABOR I HAS LOWERED COST GOST I Guggenheim Says Men AreNow AreNow Are Arc Now One Hundred Per Cent Value in Work New York Aug 0 Daniel I Daniel Guggenheim Guggenheim heim helm president of oC tho the American Smelting and Refining company compan in a statement to tho the Wall Wab Street Journal Jo rn 1 a says sas uEver Every manufacturer In the country has lowered hl his costs of or production UI partly through cheaper prices for Cor raw materials but principally on account of oC the time increased ll efficiency of ot labor or The Tho latter hatter Is ono One of or the he r redeeming features tea tea- tures lures of or tho the current repression For tho the first time In many years the lie employer Is getting from his menthe men n the per cent efficiency for which he pays pas It Il is a safe sate assertion that prior to the panic tho the efficiency of oC labor was no hl higher her than 75 per cent perhaps not even that Another thing wherever where wherever good gool goodmon 7 mon nen are aro needed 1 1200 OO apply The result I is that the best men are arc taken and tho the others are sent away But Dut those thoc that 7 are ire selected cork ork conscientiously knowing that men arc are waiting alting to talco take the tho places of or tho the Inefficient one ones onen Another phase Is that labor realIzes realizes real real- izes zes that Its Hs wage mu must t come como from rota the tho of ot Its employer Hene Henc It is natural that the tho workers should strive for or tho the prosperity of their thell employers |