EVENING PUBLIC LEDGER PHILADELPHIA, WEDNESDAY, DECEMBER 31, 1919
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1919 has been the Radicals' Year
elongs to the Sane Thinkers
'HREE great truths stand
out clearly against the trou
bled back-ground of the last six
months. It will mean peace of
mind, greater Joy in living, and
added income for all of us, if we
can make them the basis for our
thinking in 1920.
Radicalism is even more costly to Labor
than it is to Capital
Ilt was inevitable that radicalism should have its fling.
After the Revolution; after the Civil War; after every
war the disturbers have run riotjfor a little time.
But always the saner judgment of the ordinary man hafc
finally prevailed.
The McGraw-Hill Company, in common with many other
industrial concerns, lias suffered this year from a strike brought
on, not by it nor its employes, but by a little radical minprity
seeking power.
It cost the McGraw-Hill Company hundreds of thousands
of dollars.
But how much more costly was it to the Company's em
ployes! Said one of them afterwards: "I have sold my Liberty
Bonds; I have spent my savings, and incurred a debt that
will take me a year to work off."
And all for what?
He and the others are back at the increased wage which
the employers originally offered.
They might have gotten what they now have without cost
ing the Company or themselves a cent without the loss of
a single clay's pay.
Radicalism is costly to Capital; to Labor it is ruinous.
We're all paid out of the common fund.
We can take more out only by putting more in.
Too much of the talk of today has to do with the dis
tribution of wealth: too little with production.
2
If all the incomes in the United States were levelled!, it
would not solve the cost of living problem. The income of
the average worker would be increased only a tiny per cenfc
We are all paid out of the common fund represented by
the annual production of new wealth. It amounts to many
billions a year; it could amount to many billions more if
every man and woman worked to the utmost of his ability
and measured his work not by hours but by results.
Only by putting more into the common fund can any,
or all of us, take more out.
The problem of the hour is more production. By that
and by that alone will the cost of living be conquered and
all of us receive the things that all of us properly seek.
Institutions are superior to circumstance:
somehow or other the 'world will find a way
to get its necessary work done
3 The printers' strike did not destroy a single publication,
it did not permanently prevent the appearance of any
single one.
Engineering and Mining Journal had to cross the conti
nent to San Francisco to continue its more than a half cen
tury of service to the mining industry. But it did continue.
Electric Railway Journal, which was an institution when
street cars were horse cars, went to Baltimore and there ap
peared. Chemical and Metallurgical Engineering, recendy changed
through the demands of the industries from a semi-monthly
to a weekly, was printed at Cooperstown, New York. .
Coal Age moved to the centre of its industry, Pittsburg;
Power, which is read wherever power is generated, was as
much at home in Chicago as it had been in New York; and
Electrical World established a new central station for itself
in Buffalo.
Electrical Merchandising crossed to York, Pa., and
American Machinist the only American publication which
the British government allowed to come to England in bulk
straight through the war found a way to combine the
printing arts in a new way, and several issues were published
by the lithographic process in New York.
American institutions such as these publications can be
hindered temporarily by industrial bad faith; but they cannot
be destroyed.
In spite of strikes; in spite of broken agreements; in spite
of radicalism, the world will somehow find a way to get its
necessary work done.
There is reassurance in that fact; and the basis of a sound
and vital optimism.
Industrial unrest is a world problem; and in its solu
tion the United States must lead. As an organization
of world-wide contacts with engineering and industrial
enterprises, the McGraw-Hill Company pledges its in
fluence to the task of making 1920 a better year than
1919 has been a year of opportunity for Capital and
Labor alike, based on justice and sane thinking.
iET iiH jB 8
Publishers of
CHEMICAL AND METALLURGICAL ENGINEERING
AMERICAN MACHINIST
ELECTRIC RAILWAY JOURNAL
JOURNAL OF ELECTRICITY
COAL AGfi
Published in the interest of sane thinking by
raw-Hill Publ
McGRAW-HILL COMPANY, Inc.
JAMES H. McGRAW, President
lcations
New York: 10th Avenue and 36th Street Chicago: 1570 Old Colony Building
London: E. C. 6 Bouverie Street
Philadelphia:. Real Estate Trust Building San Francisco: Rialto Building
Cleveland: Leader News Building Washington, D.'C: 610-11 Colorado Building
ELECTRICAL WORLD
ELECTRICAL MERCHANDISING
ENGINEERING AND MINING JOURNAL
INGENIERIA INTERNACIONAL
POWER
ENGINEERING NEWS-RECORD
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