164 The Stock Market Crash—And After
waukee & St. Paul, as well as the Grand Trunk
Western.
Mr. Willard has said that the only real change in
men and management, since the initiation of the plan
by the Baltimore & Ohio employees, was ‘above the
ears.” Mor. Beyer, acting in behalf of the workers,
states these as the main principles of the new policy:
“(a) Full and cordial recognition of the federated
 shopmen’s unions as the agent of the employees.

“(b) Conceding to these unions and their spokesmen
 constructive as well as protective functions in
railroad management.
“(c) Agreement between these unions and management
 to cooperate for improved service to the
public.
“(d) Agreement to share fairly any consequent
benefits.
“(e) Projection of definite administration machinery
 to accomplish these purposes.”
The benefits of the Baltimore & Ohio experience
 have undoubtedly contributed to the economies
that are being reflected in the higher standards of
living enjoyed by this nation. A like satisfying of
fundamental human instincts is noted in the report of
the Committee on Recent Economic Changes in the
contract signed between the Amalgamated Association
 of Street and Electric Railway Employees of
America and the Philadelphia Rapid Transit Railway,
 agreeing to share in management and ownership
 of the system.