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"Young man," said Welton, "are you on the payrolls of this company?" Bob turned around, then instantly came to his feet. "Oh, you're here at last, Mr. Welton," he cried in tones of vast relief. "Answer my question, please." "What?" asked Bob with an expression of bewilderment. "Are you on the payrolls of this company?" "No, sir, of course not. You know that."
Of all the outrageous things, of all the unqualifiedly and absolutely incredible things! We have in our bank, on our payrolls, a thief, an unmitigated scoundrel!" He pushed back his chair and drummed on his knees. "We find that one of his thefts was seven hundred dollars, and another five hundred. We I trusted him, trusted him! And with what result?"
The third stage has been the series of regulations permitting the banks to continue their functions to take care of the distribution of food and household necessities and the payment of payrolls. This bank holiday, while resulting in many cases in great inconvenience, is affording us the opportunity to supply the currency necessary to meet the situation.
Coextensively, he had the dissatisfaction of seeing Palmer's industries grow until eventually three hundred and fifty men were upon his payrolls and even his foremen and superintendents were considered influential townspeople. Palmer's son and two daughters grew up and married, branched out and became owners of industries which had formerly belonged to men who had traded with Burridge.
To-day there are fewer men engaged in independent work, as manufacturers and merchants, than there were ten years ago; to-day the great bulk of the wealth of the country is concentrated in the hands of a few thousand men. These men have become the masters of the Nation; on their payrolls are to be found three-fourths of all the working inhabitants of the land, men, women, and children.
Where in 1900 the Trusts employed four million men, they now have on their pay rolls more than ten millions. This represents seventy-five per cent. of all the able-bodied men in the country. The tradesmen in every city are as effectually dominated by the Trust magnates as if they were on their payrolls.
Then you can catch the evening train to the junction and come up on one of the construction engines. Better take one of the commissary .45's along, just for safety's sake though in all the trips I've made I've never needed a gun." The week following Kenniston's drop-out was a busy one, with time-books to check and enter, commissary deductions to be made, and the payrolls to be gotten out.
It follows the reduction that I made in cooperation with the Congress a reduction made after you had reviewed every appropriations bill and reduced the appropriations by some $5 or $6 billion and expenditures by $1.5 billion. We conferred together and I recommended to the Congress and you subsequently approved taking 2 percent from payrolls and 10 percent from controllable expenditures.
We have built a strong economy that has put almost 3 million more Americans on the payrolls in the last year alone. We have included more than 9 million new workers under a higher minimum wage. We have launched new training programs to provide job skills for almost 1 million Americans. We have helped more than a thousand local communities to attack poverty in the neighborhoods of the poor.
There are some who say that growth initiatives must await final action on deficit reductions. Well, the best way to reduce deficits is through economic growth. More businesses will be started, more investments made, more jobs created, and more people will be on payrolls paying taxes. The best way to reduce government spending is to reduce the need for spending by increasing prosperity.
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