ACCEPTANCE OF NEW THEORY 1I§

2. A more intelligent working class and nation.
3. The unnecessary need of unions to protect the interests
of its members.
The incentive for every man to do his best, be master
of himself, and his own environment.
More capital, more and better homes, improved living
conditions, with less immorality and crime.
6. A greatly reduced labor turnover.
7. The natural death of Bolshevism.

FREDERICK P. FISH, CHAIRMAN OF THE NATIONAL INDUS-TRIAL
 CONFERENCE BOARD, EMPLOYER REPRESENTATIVE
AT PRESIDENT’S FIRST INDUSTRIAL CONFERENCE,
FORMER PRESIDENT OF THE AMERICAN BELL
TELEPHONE COMPANY AND OF THE AMERI-CAN
 TELEPHONE & TELEGRAPH CO.!

. + Any industry that is worth providing, that is worth
perpetuating, ought to be able to pay every one that enters
into its employ a decent wage that will support him in a fair
degree of comfort that is satisfactory to a right-minded man,
and that will give him a chance for relaxation, a chance for
saving something for old age or for accident.

MARK L. REQUA, FORMERLY GENERAL DIRECTOR OF THE OIL
DIVISION, UNITED STATES FUEL ADMINISTRATION?2

If I were to define the “spirit of the times” as applied to
the management of any of our great corporations, I should
say that it meant a broad humanitarian view of social problems,
 a sympathetic interest in the welfare and aspirations
of the masses, a constant and intelligent effort to abolish the
poverty line by helpful suggestion and wise counsel, a realization
 that the old order passeth, that labor is entitled to a
just wage, rational hours, decent working conditions, and
1 Address at Dinner, Economic Club, New York, December 10, 1919.
2 Address before Conference of the Chambers of Commerce in the United
States, Atlantic City, December, 1918.