Profit Sharing and the Labor Partnership Idea
The piece discusses profit sharing as advocated by President Roosevelt, Andrew Carnegie, Melville Ingalls, and others. It argues for workers and customers gaining stakes in companies, notes cautious optimism from Carnegie, and questions potential trust influence. It cites Roosevelt's message urging broader ownership and mentions railroads and steel trusts experimenting with stock ownership and pensions as steps toward a capitalist worker partnership.
MENTIONED IN THIS ARTICLE
James A. Edgerton
President Roosevelt
Andrew Carnegie
Melville
Ingalls
Arthur James Balfour
Great Britain
Carnegie
N. O. Nelson
St. Louis
United States Steel Corporation
John D. Rockefeller
Nelson
Roosevelt
Joe Cannon
Congress
Tamawake
Carneglé
Food Trust
Clothing Trust
Balfour
Steel Trust
Laird of
Skibo
Amerita
Sir Nelson
Profit sharing and the new path for industry progress
Melville Ingalls, Big Four railroad chairman, advocates profit sharing to end strikes, arguing cooperation in profits aligns labor with production costs. The article traces European and American adoption, noting Proctor & Gamble and N. O. Nelson as early adopters and detailing Nelsons town Leclaire Illinois model and his public-spirited reforms.
MENTIONED IN THIS ARTICLE
Melville Ingalls
Big Four Railroad
Europe
France
England
Great Britain
Balfour
Germany
Switzerland
America
Proctor & Gamble Company
N. O. Nelson
St. Louis
Nelson
Joseph W. Polk
Leclaire
Norway
Missouri
Ufe
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