Show ILLS lAID TO GREED or OF GAP CAPITAL I TRL TAL Couzens Warns Industrial Leaders to Put Their House in Order CITES RUSSIAN SYSTEM Rich Senator Sees End of ol Intensive Competition Editors Editor's Note Senator Couzens Rep Mich 1 who ho made a fortune fortune for for- tune in industry and then went t Into public service now warns capital that it must clean house and give up its money greed or it will meet the fate that the distillers did when prohibition became the publics public's answer to their failure to clean house bouse By Dy LYLE C. C WILSON Copyright 1931 by United Press W WASHINGTON April 22 UP UP- UP Senator James Couzens Rep Mich a multimillionaire attributes attrib I utes unemployment and attendant ills in the United States to unrestrained unrestrained unrestrained strained greed This wealthiest member of congress congress congress con con- gress is convinced the ca capitalistic s system m must st be put in In- order by those in charge thare of it or suffer the conseQuences consequences conse come of regulation by the people Although he prefers the scheme cf f 1 private initiative upon which American business and industry has based its phenomenal development development development develop develop- ment Couzens says he is beginning to doubt the American people can continue to rely on it He discussed such matters in an interview with th the United Pr Press CALLED IRREGULAR His ideas illustrate the extent to which he rejects the accepted richman's richman's rich richman's mans man's philosophy and similarly rejects rejects re re- re claims of the Republican party upon his vote when party principles pl pies ples counter his own ideas The senator splits his votes between the regular and progressive Republican groups and belongs to neither The best definition of his political status In the senate senat is irregular The United Press sought from Couzens the answer to this question ques ques- tion Who Vho is responsible for that economic economic eco ceo strain I doubt if you can say who is responsible re re- re he replied but you can cansay cansay say what is responsible It is unrestrained unrestrained un un- un- un restrained greed And all aU who are actuated by unrestrained trained greed creed share responsibility for these con con- One of the best examples of how these things come about and what Is Js likely to be their development is given in the history of ot tion SOUNDED W WARNING AR ING I 1 used to be police pollee commissioner In Detroit at the time agitation for prohibition was increasing on a ana national na im scale I know I warned brewers brewers brew brew- ers and distillers and I know others Continued on Pare Page Two I 4 ECONOMIC IllS lAID TO GREED OF CAPITAL CAP I TAl Continued from Pare Face One warned w-arned them that unless they put their own house in order the people peo pro r pIe would do it for them The manner manner man man- ner ncr and method In which the people peo peo- pIe did that Job is now history Without any more claim to prophetic vision Ision now than I could have lave had then I can cay the same thin thing is going to happen to capE capi industry unless it puts its Us in order But unfortunately we wo have hare adopted the money yardstick as the tile measure of success The men achieving success by that yard stick arc are able men They have track one-track n minds They drive toward a single objective That objective is to make their own organization n a success by bythe bythe the Ule money yardstick and they think of nothing else i If I had bad not got out of the Ford Motor company at an ago wl which ch would enable me to absorb some new Ideas I am reasonably certain I would have felt the same way about money and success And you must understand nd I have no complaint com corn plaint against making mone money Industry Industry Industry In In- must be self supporting T TIlE THE E OTHER SIDE It U must make money It does seem to me mc though that a n. great industrialist ought to get some satIsfaction satisfaction sat- sat out of considering the human human human hu hu- hu- hu man equation In his plant plant more more satisfaction from that than merely from making monc money The only hope for social mindedness mind mind- edness among industrial leaders he continued In response to questions is education Industry might be educated to its responsibility If It it assumed the responsibility of or paying an annual to its workers it find tind means of getting its Us monc moneys money's s worth It could guarantee an annual income t to its workers it employment ment Having done that Industry in industry industry in- in would see to It that there was work to be done If It American Industry indus- indus try ry can do anything it can get its moneys money's worth It has shown that There Lo Is food for thought in the system m devised by soviet so Russia Under our laws we insist on continuing the highly competitive com corn system the system the Clayton and Sherman acts lay down the policy on that hat question But now our production production tion ion exceeds our ability to consume The question therefore arises How Howar far ar shall we Insist on this highly competitive system of ours NEARLY CONVINCED It Is significant that both the an- an and capitalist systems and now are arc running at full speed that hat both can be observed in operation operation opera- opera tion ion at the same time Which of the he two is the better is a matter of opinion A ABut But I will say eay that Inefficient as ashe the he democratic form of government governments is- is s and even with all the claims made that the dead hand of government must not throttle industry it is better bet- bet ter cr that be done than that we should conditions pass jass through economic such uch as these I h-a h have ve no patience with the man who finds fault with government regulation and offers no substitute From my own expert expert- initia- initia ence nce I much prefer private tive kive but I am about convinced we cant can't rely on it Jt any longer |