LABOR’S NEW STATUS 
289 
If the time and energy which are now devoted by labor to 
securing the acceptance of this elementary principle—and 
by management to opposing it—were turned toward pro- 
ductive achievement, the results would be incalculable. 
The spirit of industry would be revolutionized. Suspicion, 
distrust, and resistance would be supplanted by confidence 
and the desire and will to cooperate for the realization of 
maximum efficiency and productivity. 
No greater constructive step could be taken by modern 
industrial management than to accept unreservedly the 
right of labor to organize and bargain collectively on a 
union basis, and to develop its constructive policies from a 
foundation of management-union cooperation, both sides 
dedicating themselves to the principle of economic accom- 
plishment. This fact has already been clearly proved by 
the best and most successful industrial leadership of the 
present day. There can be no doubt that, if to the sound 
and far-sighted principles of wage determination which 
industrial management has already subscribed, and which it 
has widely advocated and partially applied, it would add 
the principle of union recognition as the basis of coopera- 
tion between management and workers, a more complete 
and enduring groundwork would be thus laid for the 
realization of those two vitally necessary factors for suc- 
cessful industrial achievement, namely, stabilization and 
productive efficiency. 
As illustrative of a series of principles with the object 
of guiding industrial relations so as to promote indus- 
trial peace and cooperation and stimulate maximum pro- 
duction, a code suggested in connection with pending legis- 
lation for stabilizing the bituminous mining industry may 
be cited. The fundamental principles and safeguards to 
both employers and employees in this code, it will be noted,