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 approach- 
ing 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 ad- 
dress, “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 con- 
tribution to assist management and to bring about 
the right solution of problems dealt with by manage- 
ment. . . . The workers believe that through under- 
standing and codperation the best interests of all 
those associated with industry can be served . . . 
through such understanding all the associated pro- 
ductive powers of industry can be mobilized into an 
sconomic, sustained, impelling force through which