go PETER S. GROSSCUP 



and those who have done the work. I would embody the 

 basis of such division in the contract of incorporation, so that 

 it would operate as a contract right, and not as a mere bonus. 

 Experience has shown that there is no way to so satisfactorily 

 mitigate the struggle between capital and labor, and none so 

 just as a fair division of the harvest after both the reapers — 

 capital and labor — have each had their reasonable hire. 



A programme such as this is not, in my judgment, either 

 radical or impracticable. It will be opposed, however, by 

 those who look upon corporations of any kind as a menace 

 to public liberty and by those who look upon restraint of 

 corporations of any kind as an invasion of industrial liberty. 

 It will be opposed by the men who are temperamentally appre- 

 hensive, by the men who believe the present good times to be 

 due to present conditions and deplore interference, and by 

 the men who still wait their opportunity to get rich out of 

 present methods of trust organization. It will be opposed 

 by those who have given to the subject no study, by those 

 who are incapable of giving it a candid study, and by those 

 who thrive in practicing frauds on public opinion. It will fail 

 until public opinion is reached and educated. But public 

 opinion will, in the end, be reached and educated. It will be 

 made to see that a country is not made great by becoming rich; 

 that a government is not secure whose sole policy is to realize 

 large dividends to capital and a large wage to laborers and to 

 keep the peace between them; that there must be found firmer 

 depths than these for the foundations of permanent security. 

 We will then begin, in reality, to rebuild the industrial edifice 

 — a new edifice made necessary by the change of time — but 

 on the old foundations. We will anchor it, where our fathers 

 anchored theirs, in a general proprietorship, so widely spread 

 among the people and thus securely buttressed against hate 

 and envy, that time and change will thereafter dash in vain 

 against the security of the state. 



