The New Competition; An Examination of the Conditions Underlying the Radical Change That is Taking Place in the Commercial And Industrial World--The Change From a Competitive to a Cooperative Basis
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On the presentation of the revised demand it will then be for the company to say whether it can and is will- ing to add the sum demanded to its pay-roll, thereby in- creasing the cost of operation. The decision must have the approval of (c) shippers, and (d) the public, inasmuch as both are affected. 8. If the road with the approval of all parties interested says it will appropriate for wages the additional sum de- manded, the employees — all classes — must then retire and distribute this addit...ional amount among themselves as they see fit, settling all their differences among themselves with- out involving the management of the road, shippers, or the public, in any controversy. When they have made the dis- tribution the company will accept 'the schedule and pay ac- cordingly. 9. If, however, the road reaches the conclusion it can- not pay the amount demanded without increasing rates, a question for arbitration will result, namely : "What amount, if any, can the road pay in increased wages with- out increasing rates?" In this arbitration all parties interested must be heard.
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