"Charles M. Schwab of the Bethlehem Steel Corporation, told the 1,200 members of the Rubber Association of America at their twentieth anniversary dinner, at the Waldorf last night, that nothing creates value but labor; that in the last analysis, every production cost is labor. Picturing the future of the country's industry, Mr. Schwab adjured the men to optimism; to think and be optimistic to the end that success would come, and to treat labor well; to let the employees be partners with them; to let them share in the profits, and finally, not to let "the agitator from Kamchatka tell you ow to run your business.'
'In the past,' said Mr. Schwab, 'we have been great autocrats with reference to labor, and now we must bend our efforts to the management, disposition and encouragement of those who work for us. Labor has not had a fair share in the prosperity of the country, and we must remember that a man is a man so long as he does his duty.'"
ALL VALUE IS LABOR, SCHWAB DECLARES
The New York Times, January 6, 1920
'In the past,' said Mr. Schwab, 'we have been great autocrats with reference to labor, and now we must bend our efforts to the management, disposition and encouragement of those who work for us. Labor has not had a fair share in the prosperity of the country, and we must remember that a man is a man so long as he does his duty.'"
ALL VALUE IS LABOR, SCHWAB DECLARES
The New York Times, January 6, 1920
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