ComicBooks.com Register / Loginit's free!

Life, 1921-11-17 · page 32 of 34

Life — November 17, 1921 — page 32: what you’re looking at

📖 Open the full issue in the page-flip reader →
Life — November 17, 1921 — page 32: Life, 1921-11-17

What you’re looking at

This page presents two cautionary tales about labor-capital relations. Herman Moneypenny recounts observing brickworkers: a Scandinavian who efficiently completed a day's work in two hours then left (bound by union rules limiting output to 150 bricks daily), versus an Irishman who worked the full day at slower pace. The story illustrates union restrictions on productivity. The second anecdote describes a factory owner who built a profitable $20,000 business earning $35,000 yearly. A banker convinced him to "finance" it; the banker bought controlling interest, sold securities, then mismanagement caused collapse—prompting calls for government protection. The author (E.S.M.) uses these narratives to critique both labor unions (for artificially limiting work) and capital (for speculative financing and inefficiency), arguing both exploit the public through "greedy and dishonest financing." The piece frames labor-capital conflict as rooted in mutual dysfunction benefiting neither workers nor honest industry.

📄 Transcribed text from this page (OCR, searchable)

Machine-transcribed from the original scan — historical spelling and the odd misread are preserved.

“Watch your gums —_ bleeding a sign of trouble EDICAL science knowshow seri- ous is the sign of bleeding gums, For it knows that | tender and bleed- ing gums are the forerunners of Pyorthea,thatdread | disease which af- | flicts four out of five people over forty. If the disease is un- checked, the gum-line recedes, the teeth de- cay, loosen and fall ‘out, or must be ex- | tracted to rid the sys | tem of the Pyorrhea Poisons generated at their base — poisons which seep into the ‘system and wreck the health. They cause rheumatism, nervous disorders, anaemia, and many other ills. To avoid Pyor- thea, visit your den- tist often for tooth ction, ‘orhan’s: For the Gums. For- han's For the Gums will prevent Pyor- thea—or check its progress—if used in time and used con | sistently. Ordinary | dentifrices _ cannot this, Forhan's keeps the gums frm and healthy — the teeth white and clean. Startusing it today. If gum- | shrinkage has al ready set in, use Forhan’s according to directions and consult your dentist immediately for special treatment. 35c and 60c tubes inU.S.andCan, FORHAN Co, New Woke Forhan’s, Ltd. Montreal MADISON AVE., 43rd TO 44th STREETS. NEW YORK Dancing in the Supper Room Tea in the Palm Room Friday Morning Musicales Perfectly Simple Rus: What do you think causes the high cost of living? Dus: Having to pay so much for | things. | a million dollars | money and $980,000 of expectations. Labor and Capital Two Stories ‘APITAL and labor are in constant discussion and frequently in col- lision, as we all know, and we know there would not be so much discussion and such frequent collision if ‘things were right at the bottom. Of course, they are not right at the bottom. Herman Moneypenny told _ this story: “About fifteen years ago I had to have a butler’s pantry built on my house. The brick work of it was to cost $1,500. It was done in the sum- mer when I was living in the house, and I watched the work. Two men came to lay the bricks, one a Scandinavian, the other an Irishman. They both appeared promptly, and took their coats off at 8 o'clock. Then the Scandinavian pro- | eceded to lay bricks and laid them for two hours. Then he put his coat on and went away. The Irishman read the newspaper, smoked his pipe and laid a brick occasionally, and stayed on the job all day. I watched that going on for three days, then I asked the Scandi- navian why he went away so early. He said: ‘My union does not allow me to lay more than 150 bricks—that’s a day’s work. I can do it easily in two hours, then I go off and work on another job | as a carpenter. I can do in a half-day | all that the carpenters’ union will allow to be done in one day by one man. They do not know I am laying brick or I would be fired from the union.’ That is one side.” Then Herman told another story about a man who built a factory that cost $20,000 and manufactured a spe- cialty that he understood and made $35,000 a year. His banker was im- pressed with his profits and said, “You must finance your business.” The man | said, “I am satisfied. I am doing well; why finance it?” Presently the banker bought the business from him for half and with that for a | sold a million dollars of securities for $20,000 of invested has which stood After a while the management got bad and the business went to smash, and there was doubtless a cry raised as usual for government protection of American industry and especially of American labor. Those stories illustrate both sides— the tendency of capital is to exploit the public, including labor, and the disposi- tion of labor is to get back by doing the least possible amount of work for the money that it exacts. Of course, that is all rotten. Material prosperity of mankind depends upon production. The limitation of efficiency by trade union rules rots character and debases manhood. So does the exploitation of labor and the public generally by greedy and dishonest financiering, of which inchurst | NORTH CAROLINA ‘The world center of golf. Four 18-hole champion- ship courses under constant at- tention of Mr. Donald J. Ross. Fair greens in perfect condition. Tournaments of national inter- est scheduled thru the season. CAROLINA HOTEL orexs Formally Nov.20th Holly Inn and Berkshire open early in January. Sincere hos- pitality and complete comfort at Pinehurst hotels. Rates sub- stantially reduced. Tennis, Trap Shooting, Rifle Range, Horseback Riding, Racing, Driving, Motoring, Airplaning. For reservations, address General Office Pinehurst, N. C. 6 BeL-ans Hot water Sure Relief ANS CLEAR HAVANA CIGARS. there are innumerable examples and difficult and embarrassing consequences that complicate the current economic situation. E. S. M. (Th Ti picti man and folle H our mos! deal Cha: ticul SI milli ones is hi L ists. joy est. D whi dive bod; M old- scal bock O The Not gas: tive as s Ss reel mor ture A thu ver: witl cars C —A inst 1 ists, that Fait Aft Hot comicbooks.com