26 



Hardwood Record — Veneer & Panel Section 



December 25, 1918 



VENEERED 



Panel Stock 



for 



Talking 

 Machine 

 Cabinets 



All component materials 

 carefully selected and tested, 

 and well glued. 



Every detail of manufacture 

 given closest expert attention 

 to positively insure quality 

 necessary for high grade cabi- 

 net work. 



Louisville Panel Stock can 

 be depended upon to make 

 your cases attractive and du- 

 rable. 



We manufacture all the Face 

 Veneers, Cross-banding and 

 Centers that we use, operating 

 veneer saws, rotaries, slicers 

 and band mill. Not dependent 

 upon other mills for our supply 

 of materials. 



Prompt shipments are as- 

 sured. 



Gladly quote price per set on 

 your specifications. 



THE LOUISVILLE 

 VENEER MILLS 



INCORPORATED 



Also Leading Specialists 

 Figured Red Gum 



LOUISVILLE, KENTUCKY 



VENEERS FOR 



AEROPLANE CONSTRUCTION 



A SPECIALTY 



WRITE, WIRE OR TELEPHONE 



BIRDS EYE VENEER COMPANY, Escanaba, Mich. 



political liberty, but I would like to inquire how many of my 

 auditors failed to register for the last election, or how many 

 habitually fail to avail themselves of the privilege of exercising 

 their power of participating in the rights of governing themselves. 

 \Vc fight for universal suffrage and stay at home election day. 

 The theory of democracy is equal rights, but this can only be at- 

 tained through economic freedom — by this I mean the opportu- 

 nity of every man to participate in the good things of life as well 

 as to participate in the ordinary functions of political life — to have 

 an opportunity to earn a good living for his family, as well as to 

 have the prvilege of casting his vote for president. This country 

 must reap some of the benefits coming from the great war. Europe 

 will realize great advance in political freedom and see the passing 

 of autocracy. Our rew^ard must be other than political. It must 

 be spiritual and must be made apparent in the economic advance 

 of our people. 1 do not mean by this, only a growth of foreign 



trade and a great addition to our national wealth both of which 



will come, but I mean something better than this, something of 

 more real value. I mean better distribution, more equitable divi- 

 sion of the earnings of capital and labor. I mean that the creators 

 of w^ealth shall be its sharers — that the producer shall have a 



bigger share that the reward of faithful, hard and continuous 



w^ork shall be more than a meager present support and destitute 

 old age — that the rew^ard shall be a fair division bet^veen the cap- 

 ital that makes the opportunity to produce and the w^orkman who 

 makes the earnings of capital possible. It cannot be denied that 

 this division in the past has not been on a fair basis. I do not 

 mean by this that extravagant wages w^ill be paid, but I do mean 

 that after fair wages are paid and a fair return is made to capital 

 the producer shall have some interest in the residue of the profits. 

 Labor without capital is helpless — capital without labor is dead. 

 I look for a partnership between the two to be on as fair a basis 

 as a partnership between owners. I hope to see the day when the 

 faithful workman who has spent his best days in an enterprise 

 will be considered to have a vested right as sacred as that of the 

 owner of the capital invested, and that he will be assured of as 

 comfortable an old age, based on his habits of life, as is his em- 

 ployers. To work out a plan by w^hich this may be secured is 

 the task up to the employer of labor. I hope w^e may all see the 

 vital necessity for this work and may all be ready to welcome 

 any practical plan to bring the results required. 



It is either efficient w^ork or scarcity of work. We want to pay 

 high wages, but high wages must produce corresponding results. 

 We will soon be in competition with the outside world for the 

 world's trade and only by the best efforts alike by the employer 

 and workman can we hope to get our share of this trade. Care- 

 lessness, inefficient management — pace making by the slowest work- 

 man will put us out of the running and we will again be selling 

 our manufactured goods to ourselves only, with the inevitable re- 

 sults — scarcity of work — falling prices — falling wages strikes — 



bankruptcy suffering and general discontent. It stands both 



the proprietor and the workman in hand to earn his charges — 

 either for labor rendered or for goods supplied. 



While the spirit of fairness and justice seems to have made 

 great progress in the ranks of the employers, they themselves can 

 do little, but with the co-operation of labor, labor organizations 

 and labor leaders who must accept in the interest of labor the 

 doctrine of efficiency, the conditions of which labor has justly 



[Continued on page 28a) 

 AU Three of U$ Will Be Benefited if You MenUon HARDWOOD RECORD 



