—— dropped in, in the rain the other night, and sat by my fireplace and said: "Charles Schwab is the Prince of Liars. He says one thing about labor and does another." He went on to say things he said other people said.

There are two courses of action to take about Charles Schwab's being the Prince of Liars.

One way is to expose what he says.

The other way is to help him make what he says true.

I would rather do what I can to help Charles Schwab practice what he preaches than to stop his preaching.

Everything turns for the American people to-day on being constructive, on dealing with facts as they are, on using the men we have, and on getting the most out of the men we have.

To get the most out of Charles Schwab throw around him expectation and malediction and then let him take his choice.

Charles Schwab in saying what he says about the new spirit in which capital has got to deal with labor is rendering a great, unexpected, sensational and indispensable service to labor and to capital. It is a pity to throw this public confession of capital to labor, and in behalf of labor away. It would be a still greater pity to see labor itself throwing it away.

If I could let myself be cooped up as a writer in any one class in this country to-day, and if it were my special business to take sides with labor, the thing I would try to do first with Charles Schwab, instead of undermining what he says and making what he says mean nothing—would be to coöperate with him—back him up—back him up with the public—back him up with the stockholders and the people in his mills, until he makes what he says mean three times as much.

Then I would see to it if I could, that he says four times as much. I would try, if I could, to keep Charles Schwab steadily at it, claiming more and more for labor. Then catching up more and more to Charles Schwab, doing more and more, and compelling his partners to do more and more of what he says.