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Show DESERET THE RAILROAD AND COAL STRIKES IB.). rt on TIE ACCORDING TO BABSON FORECAST Reger W. HIIX8, An,. 14, muck totereet-art sot m Hiw, to the tem pomry settlement of tba ooaJ etrik ad tbo railroad etrik u to dovoloplar PUa wVU o that 1 portadtoally Itthyfa art to know that wo shall hv aotif-foal thto win tor or that railway traf-fl-o U not now suspended, If th paopla Od tbla country ara to ba naaltny. bappy and proaparoua. wa mutt know tbat aoma plan la being evolved to prevent theao strikes from T WI-Pm- pU -- In view of these facts, Roger W. Baboon was this week asked to make a forecast as to future labor developments. Bis diagnosis, of tba strike Qltuatlon follows. 4 Lx "When In Washington during tbs war, assisting the secrstary of labor, l svldent that the students of la- yi ftborwasproblems wars divided Into two dfetlnct groups: one group believes in 14 f J compulsory arbitration aa Illustrated by tb Kansas Industrial Court, and the other group stands purely for eon- eUUiiw4theui.nA y. eampulLa&,Co&, servatlves and radicals can bo found t"T 'In "both' kTOWpa 7nf baTg'aflohleads me of he lines of work. Labor disputes In connection with genera) industries, euofc'as the textile industry, tbs boot and shoe induetrv and possibly the tee! industry, should be kept on a would be baeia It a mistake to attempt surely compulsory ar bitration In connection with these soielw for nesses which srs profit. The best means of avoiding in these induitrle is by keeptrouble ing these Industries la two major laone bor ft groups, group to be strictly others group strictly fi "union" and the Let tbs union group adopt tba closed shop and let the other Then let M group be strictly the two groups compete. I do not mean rather In but neceeearily production, w ' see Under which system ths public, the f employees and ths stockholders, all combined .are most prosperous. My x ewn vf none of these three Is that guess parties would long be healthy, happy and prosperous with all "union" or When one group with all secured control. It becomes Inefficient, careless end arrogant. My guess Is that an industry would bs most would and all concernsd in it os rendering the most service and be happiest if the Industry wers equally n divided into a union end a 8o much field. general Industry. When dispute arise, only conciliation should be applied by a third party. There should be no compulsory settlements in such cases transWhen. however. i come tosuch portation. fuel, publicorutilities to the distribuwater, light and gas. a tion of milk, breed, etc we find group of industries to which combs applied pulsory arbitration must The first two groups to which such methods will be applied strong-arare the railroad and coal mines First 1st me sav that the railroads and the mine operators are themselves largely troublee. Alblame for present t though the owners of these properties are now behaving themselves, they have not always done so Most of ths are unwise methods that labor leaders railusing today were applied byofthe twenty roads and mlpe operators Hence these eoporatlons yeas ago now are only reaping what thev have sown Nevertheless, two wrongs do not make a right. Our nation must have trensportaiion end fuel at a fair rate end the operation of ita railroad and coal properties must bs undisturb k- 'X ttle on- - ." 7 fO rt z3 7 2 non-usio- J "non-unio- t t pros-psro- ngs few P' ,rs. rrt, 4r Oft scd ll e . . Oc it lie 7e He tc ' Ic ;ic fr non-unio- AUGUST j- sftua f7 aasd threerhmt tb eattr wk we pr r aciCfeie. Oats were dQ eH week ead registered eniy e!;ht flvctaatlsas, entirely teebaleal is !: ns'era There wae fundaments! Influent d the previateai market, but prleet es hedging trsacaeuona. CEBXm alarmed. Free.) (By Associated te "V' BEJtLfX. Aug e The ecoaeml dlsrens iff v in many section ef inOeneeay become mrx acute ciueeqar- - ef the B'.rera fall In the value ef to rrerk and the atuatlen t caou$gthe f 'Yrnmnt Mfteea concern. t baJr-heavera- lnt,rt tht b'-.- thi t u. Hi MOTT i , t e.-- j- T. Gi T DEL Wi on the market in the ft, i 'In. 6,-- Calt-latlo- . 1 1 ; ; 1 I I . - -- rsil-rosd- a, water-lnlectlo- ,;v7Pwirk ! - i t' -- iv--e , S'pr PararfLe Base pboe-phat- po-a- h of-t- -- Grains Recovering. tBv rHTf'A'V1 - d i w reg'sier-- k frem the UTAM OIL REPINING CO. cb I r Let us put them to work today, performing labor that is safe and at the same time pays a profitable wage. Selected Mortgages With Good Yield mortgages that have passed muster after being subjected to grueling investigations. , All of them are on Salt Lake Residential Property, and are protected by real value considerably in excess of the amounts of the loans. Available in a wide range of de d I Western Mineral Survey The only tntermonntafn weekly givnalea and ing dally stock notation, SBlntn ll mhale mwk.stockit and cover th entire field. $2. 6 Mo. Slr3 MosrSOc l Yr. SPECIMEN COPY FREE nominations; HESTCRX M1XCRAL 0,l. Bring Your Unemployed Dollars to U Today D. SURVEY. SALT LAKE CITY, UTAH w rm crr ietermt taj reer mn Oa r.14-IM, cselE II .. Sfiar,, 0 lntret pr6I jurtwly m March IS. Jan it. Spt. 16 ,ad Dm. IS lnvt a n.M mort. Evrr dollar ' Through which is operated Ed D SmithsSons Wasatch 455 AH J sanl-'tar- I thi ; money loaf while you hunt around for a safe and suitable job for your unemployed dollars. it First South 2 min-jir- Theres no need for you to let your Main reoicr Buy Vico Motor Oil by the gallon for economy. Its special qualities insure protection and long life to your motor. jr Unemployed Dollars hand-picke- cht Asolsted Frees) A.c Regulations govrrring the paMon ex"(r c.prion e? the prevous lof mining oil sht. hesitant phosphate sodium dy ft but he p bv wu j snd e.tber s.de lands of and ,thout potash on leasea vas th United tiatre hv public 7 ust been higher th morn, ng thss toll ar up i te l sad ea fued by th Bureau of Mines Copies wic tft r Prot.r.or.j of th regulations ir.iy be obtained ft o i unchanged hlfhar (upon application at the bureau cvr th European situation, It le provided in the regulations that bothUncc't.ny as rrard the financial aitoatifn and It shall b the duty of the supervisor tha prbab.c damand for grains this rar. jand district mining eupervtsors to visit dorr.icaud tb wbaat market, holding th from tm to time leased lands where g th for of operation discovery oil shale lod'um, phosp'iaie, or potash are conducted, inspec and such operations with a new to prevent was' of mineral products. or damage to formations or othr mineral deposits, and t supervise operations and conditions for the promotion of the safety, and welfare of workman Other rgulans j Meat Prepare Map. The less sha suh maps of the mining su- 'as. In the Judgment pptre pervisor. are necssary to show the surface boundaries, improvements and TW ths geological condi-- , wtih topography, and tlone so far aa determined from ou- crops, drill holes, prospecting or m!n- j Tho underground and surface welfare and safety arrangements shall be in accordance with the of tha Uniled Stataa public-healtsrvic ad United States bureau of mines. All npyee shaI be afforded al! possible protection to life and health Al! mechanical equipment used for th transportation of men hall be of a safe design Adequate shelter holes shall be mad guide raila or fences hal b erected, and danwarning signs shall be posted at movgerous waks r passages: all ing parts of machinery or belts, when lendangering employes or liable to re-- I ult in injurv shall be adequately or and guarded. In theores m.ning or mined milling of th treatirg podicts th employee ehail be adequately protected from iTurlous fumes, acids duaa and harmful or dangerous con- i Ii.Htt .ta gavtac - TiwU slow dtitrr Je-- a 1922 labor leaden r atock Dttet mrtomt 1- r- ! --11 1 market perators pleted toy the Bank of America, Nw UH railroad situation! to kuiM, KMBk-- ra the Regarding York- - The state governments of tn secure a fair rate the Interstate ComStates have a total debt Commieeton has seen organised, to eecur undisturbed transportsS1.U,S0MI1.3S or t IS for vrv the country. Its debt per inhabitant tle --the Railroad Labor Board has i te woman 54 and child in mao, nearly twq and a half limes been created. The first of theea that The for the United States. At figures show is, th Interstate Commerce Commle- - tlon of th, railrda, th. building otn-- the bank's o debt the percaptta ftah f give, Is functioning very well, and and th, variou. of (hip o,rauon little more than t ths struggle is now over ths Railead In whieh th, orernmnt 122.332 or h ov.r the nv!w uoa.r present the verage Labor Boad." hind. ,how task l At this point Mr. Baboon was told of condition, debt rf h'm operation per capita highest gorernmenl . a strong feeling on the part of both the i In the Union, eccordir,? o tv., k Inefficient and unutiuKWr-Thbelrailroad managements end ' the em- ptr.tr..public btll.vt. tone. of America', utatistice is tr.at ,t Ko jth ployees tbat ths railroad board was not ter oramtlon. better dieclpllne end Dakota, Inhab-tar.ahare of the ech properly made up. Concerning this lower coal, came through privet, Mr. Babson stated. The public further believe, being 373.02, aeven ar.d a half tsrres "Experience has shown that boards that private perauert aaeula eontlutte the nTerage for th nation. Or,gor. Wvorrur.r Colorado, New Mexico, Arl-- 1 tone group u long es the preeent eecond with 331. Sg per cap!, Maes-- , consisting of three groups Utah and Nevada of 312.07. nd e repreeentli ig capital, one group 135 3. with third achuaetU New ue public uulltj-- t work lor York Below Avmee. labor, and one group rep- - operetore ere not compelled 325.79. fourth Dout.iana with fifth the public) do not function uie owner, at thee, propertiee but are resenting Below the tm, ,,h efont57 Utah 333.17 and with gixth rer a wih well. The group representing eepltal free work frother te lere them nd whole are all dlvlelonc In the vote to one body for the corporation; peopled there ere meat capita debt of 322.33. ee long eMt th ntth central Tha bonded national wiiiic wt; tha group representing labor vote In of ouTerend and dM ,!s many avaiibe one body for the wage workers: tms work on men pubhc ututtios time, greater per capita than oh'tga- - ditlelon hating a per capita debt of the railroad leaves ths decision to the three men ttrr ptrbl! whd 'f e pre problems men chosen liig .the decLaion to three reasons TO more or lees for political :b!. taxation which are m have the railroad labor board or any labor leader., mat con,pu,ry r...r'y a poe- other such hoard properly function. seven or nine men should be selected nT great permanent lmprove-ar- e who represent neither the corporations reflected In it a bonded debt nor the wage workers but who repreaggregate, $237,784 000. The sent the nation. These men should be , st of canal, highway (yeteme utfelliee paid large salaries, given dignified poBcaaong Explatned. . and .lateIt,parka for coal 'WiBce under a system of sitions appointed either for Ufa girea it the largeet sua treated like the 'with end total debt Of Ptatee of th terms, any stale, although ft per there might long grea'er then arbitration, puleory preme court of the United States These se some justice 1a the slavery argu- capita debt than Utah the highest per capita debt i comparatively low, men should gradually build up a code Is second with $133.-fo- r Today, however, railroad men three have Incurred large obligation ilaaaachueetta baaed upon their rulings seeking the ment are perfectly free to go tot other 53. of which a Urge propor- bonus or other relief to world warn no one but of rather group, which advantage for "r yetera qb. South Dakota has sold f J non Represents the value of Its metro- the welfare of the nation aa a whole, lines ef activity 000.000 worth of bonds for this pur-- 1 poipan district Improvements andn which la the end would be for the best u "ril.aof thlol2raide of m.n are wl owners and the ling to work for the railroads public $ose, while Oregon has passed legis-- 1 highways. If Allowing these are interests of both the , commie-to wage workers The decisions of this ututies a with a debt of 37J.3I3.000. coal even forr.ia. tne operators giving authority board as applying to transportation, under a and arbitration sys- slon to borrow money equal to 3 per t Penney Hants with 350,(53.320.23. public utilities and similar conflicts, tem. How eompuleory a such will eompuplsory assessed value of property Souh Dakota with $47,700,000 and should be absolute and flnaL In con- cant of tha be la operation put system Kansas. a 1 $30.-total debt of Michigan with $46,350,000. "Railroad owners ere now willing to coction with the railroads public uti- for this purpose, accept compulsory arbitration, but the lities and mines 7 Possibly the peopls 300,000 being authorized if necessary. .' Kentucky. Nebraska snd Wisconsin labor leaders srs not. Borne elsim the will be so irritated that Congreaa will Of this amount 310,000. 000 has beer. have no bonded indebtedness. Ken labor leader are afrsld of losing their with one swoop apply the Kansas In- borrowed. Maasachueette haa appro-- tucky owing J5,312.438. 77 on outstsnd Jobs, but I do not believe this to be dustrial Court idea to the raUroads, printed $30,(00,000 far relief of World Ing warrants and Wisconsin being Inthe reason. They appear to be honest : ntlhtles and mlnsa. I veteran. dented on'y to Its trust funds to the Tne war la their belief that enforcing men to public however , this will not be dope. Much of New Yorks debt Is repre-fe- extent of I2.'273,991.77. work for profit is only a form of need of the hour Is to have workers! ef-1 sentsd by permanent Improvements "It Is Interesting to note." the Bank ehail never have slavery. Forcing a man to work In a right. We reduction in the coat and a portion for canalc which, as of America paints out. that ths tots! steel giant which Is operated for profit ftcieacy and s in form of slavery, in thoee business are until for of engaged for ths state debts st present Is propositions, living paying pulaory arbitration applied toe all In duetry feel rl gbt toward their work. themselves New York too, ha an nearly tha same ss the federal debt revertwe certainly would fool right when forced never dustry. People tax lavr so the debt will he paid In ISIS the publie ing to slavery. When, however. It !s to do anything agatnet their better by mors people as Is the case with the debt of the United States government public .KlemanL Hence my forecast applied only to transportation, was $1. 023. 63 4. 000 or about $10 33 national debt. utilities, coal mining and one or two follows: other Industries thus leaving the great An analysis of per espi-- a debts by per capita. It la now about $23,923. Th Railroad Labor Boards rulfield open, eompuleory arbitration can- ings will not now bs mads eompuleory Motions of the country is given by 050 coo or about $223 per capita. beI not be called slaverysay this as tbo rreeent employees, but they cause under euch conditions sny men willt"be eompiasory on In mines where siliceous or be would ions id all gracefully by accepted who did not wish to work for the to work for the raiiroaas. who course of time Under this othe- - harmful dusts are formed, drills t() the public utilities or the coal after goes n a certain date Those employees he a few ears tolsha I he of take would ritem jt type comto be would Into free go who are now at work tor " r,lro f bring about the desired results but and operators shall be used to wet down rprajs w petitive Industry to whieh compulsory came on a it from the dust oull tepidly approach Although not The labor arbitration would have done to ye4r- ,nj ,i-,. apply Leee shal maintain for each un- adapted n leaders state they are willing to ac- theorttically Ihsv MB PhLnCA to OHl ye4r wtuM kac oil the . sufficient amount of opration . . - .. tiih vf nraeticaiiv tnev can .a vs . full cept compulsory arbitration as best for such mn and anl-b- e exemplified by the Kansas Industrial employed therein. court provided the railroads, public store, thaw trsns utilities coal mines, notetc. are operated explosive Only in for profit They by the government, manner and with illustrate their case by stating that safety and welfare this is the resson they are willing to and ployees protection of y compul-thebe drafted for the armv, because the voluntarily come under th "Th nuca to I r f prv JuLof'nthrt should r.ct ory erbitratlon system M r.lng operatlors army is operated by the government conditions be conducted shall m;th existing But and not by lhdividuala for profit, and b free to continue at preeent in a manner to .e.d the ultimate maximan hired ceaft j that is why being drafted for ths Army very additional e. mum reNerv of tne oil shale, "T sl.mPisese R linAapgfgn.4 ek. is not a form of slavery htr.d wlih for ,hr h!l!:i::tn rf ih r or due regard ivilim will conform to th dtcUione, n.i( "This mav be all right In theory to protect with adequate k, lt bi"g taken Riilroid Ubor Board, s. must but the publie continued M Babeon, a. I shafts (fain exits and is in no mood at present for further the atock holder a th better will be bet-- , ,p:iars all beds of mineral aiao ways age fair be perfectly government operation. Th result ofThi An fall then Ut. apite of th posits overlying th tdposlte being about a result the "xr, in connection with th opra-woul- d worked that st s future date may be of coeoTiie importance The regulation also cover the subjects of fire protection escape ways. Ietrlca! equ4prr.ent. disposal of waste rock the submission of cor or test hole records, and the application of improved milling methods ed by either Work We have' some 26 swings te sorrow Malta Expert deinsadladus-trtaJ la the demesne Imprwsmeat was a b$kta fsetor end the aarlut what ftnaaeas there was te d:s- Fermissiea for laeeiat bearish eabis dle to excwrt 11 mlMloa bushsa of wheat end rsparfs t the federal remmerre that Burops imperrs for the current year probebiy weuld be cerelderably tisder lest yeer s were the print. pai War Lew prices for the mss n were fertor I ur cored Vender es all bronebt out bcavv burmg ed a strorc of dip ora foiiewitd va$ f ths mountain stats have debts a Cots wae terwuw prlrar7 by wtah-and ere reporta snd be.d firm en the great as th state-- ? Utah while the OT. as new ef ,eriu deerierati9n in 115 New belies is for this section average riant sect tens became .more Enr!nd has the highest per capita eeme Imp as the week were ea. Export de- t of any section, the Bank of Am In eria find grouping its figure mrdlng to the geographical areas of Utah has tho sixth highest b' debt per capita of suts in Union, according to a rat survey of state finances -f Brain Cotton tbit and SATURDAY Utah With Bonded Per Capita Debt of x $2233 Stands Sixth in United States Stocks Bonds rket rlw H. SMOOT CO. HAROLD Investment Secnrttl WILL ULTIMATELY BE AVOIDED Mt rric NEWS 3YA gtre laeernaee Wevf Heel Ectate t rail or rlt PRUDENTIAL building SOCIETY. - Ceerge IHHHjiHHUHHIIIHIHHimHIHE for partlcaiar ft Scat Cannes. Puatlrst gevtk Tea pie stmt i ks iV t. V- ii - cxm The Strongest Security Ever Devised Every dollar you Invest in .our Gold Bonds Is secured by double that value in First Real Estate Mortgages held in trust by the Colum- bia Trust Co. The certificate shown above is an exact reproduction of guarantee embodied in every contract- - Thus are you protected bv the integrity of two strong institutions and property collateral that is the surest guaranty known to financial practice. Instalment Investment Begin now with $15.45 and invest a like amount for 20 consecutive while your months. We pay 6 per cent compounded Certificate is maturing and give you at its maturity a $500 First Real Estate Mortgage Gold Bond bearing 8 per cent interest. Or choose any one of a dozen other arrangements to suit your semi-annuai- ly inc-ienc- Write, phone or call no obligation. Guaranteed Securities Co. INVESTMENT BANKERS. Suite 206 Clift Building. Salt LakeTityrTtah. Phone Wasatch 2830. . M. MJWUAJUUWUWW 1 : |