Capital and Labor

the men who believe that the only foundation upon which any of these things can permanently rest is the economic use of everything, whether it be labor, material, manufacture or what not. Any foundation of organized labor or capital that is on a false basis must fail. We started in some twenty years ago on a series of exploitations that many people called trusts and there were many such concerns organized that had as their prime motive the artificial idea of either restricting production or increasing the selling price. You have seen them, one after the other, fail and fade away. That was on a wrong basis. Our Congress, our legislature in Washington, realized it, and rightly and justly took steps to correct it. What has been true of capital will be equally true of labor, and therefore the education of the American laboring man must be to have him realize that his permanency and success, and the success of the nation, will depend upon labor conditions and capital conditions that are founded on economic principles first of all. I have had my hand in this matter of the organization of capital. I know something about it; I know what I am talking about. The other night at Bethlehem I told a story about a dream I had had. Now that I look back over those days and the participation I had in them, I shudder a good deal. When the investigations of capital and the organization of great companies were taking place, I commenced to feel a good deal disturbed, and with all the agitation in the press commenced to feel that perhaps I had participated in something that was sinful and dishonest, and all sorts of things. I am a good Catholic. Now there is Father Zahm, the great Catholic priest, who went with Theodore