158 The Stock Market Crash—dAnd After

room, and there by exposition and demonstration,
convince conferees of the justice and wisdom of
labor’s position. In such service labor is finding a
special need for trained representatives and effective
information.
“The new idea of joint responsibility in approaching
 the solution of industrial problems on the part of
the employer, management and employees is being
tried in various lines of industry. As a result of
the shopmen’s strike in 1922, the management and
employees of the Baltimore & Ohio Railroad have
been working together in a constructive way and
with what seems to be most successful results.”
The increasing rapprochement between Capital
and Labor meant increased real wages, increased real
income, increased profits. The modern position of
Labor was described by President Green in his address,
 “Labor’s Ideals Concerning Management”
(Bulletin, The Taylor Society, December, 1925), as
follows:
“Labor realizes that the success of management
means the success of Labor.
“Far that reason Labor is willing to make its contribution
 to assist management and to bring about
the right solution of problems dealt with by management.
 . . . The workers believe that through understanding
 and codperation the best interests of all
those associated with industry can be served . . .
through such understanding all the associated productive
 powers of industry can be mobilized into an
sconomic, sustained, impelling force through which