Show A the vast improvement of the relations between capital and labor by CHAUNCEY 31 DEPEW on his dist birthday the greatest and most beneficial rill change ange which has mccu occurred in our time is the vast improvement improte ment of the relations between capital and lator in the early days all industry belonged to individuals and there was a constant struggle between the owner and his employees as to the share to which tiley they were entitled labor to protect itself rushed into unions union and lei legislation 0 i then the smallest of wage earners and the poorest paid was labor today there is ia an extraordinary change A skilled mechanic earns more than the average storekeeper lawyer doctor or minister ile he has a surplus which he invests in a home which he be owns in the industry in which he is employed and in labor banks the industries have become so vast and their stockholding interests so enormous that all of them are run necessarily by managers these managers are employees and so are the whole operating forces of our great industries the result is there is an intelligent and almost brotherly operation cooperation co by which capital and labor equally share in the results labor is fully protected and is largely satisfied |