THE MEANING OF CORPORATIONS AND TRUSTS. 311 



ganization. Tlie name of the organization lie serves may have 

 endured for long before his term of service and for long after, as 

 the name of the nation endures throughout many changes in the 

 head of its government. If a prime minister finds more than 

 pecuniary reward in having risen to the most important place of 

 service to his nation, so should a captain of industry find more 

 than pecuniary reward in having risen to the place of most impor- 

 tant service to a great industry that ministers to the welfare of a 

 multitude of people. If a sailor in the navy takes pride in con- 

 tributing his mite under his nation's flag, so should the industrial 

 private find satisfaction in the thought that his efi:orts are of use. 

 Besides the pleasure that he should find in his work, there is 

 the happiness man should find in his home, in wholesome recrea- 

 tion, and the development of his mental and moral nature. That 

 which is essential in the enjoyment of home does not depend upon 

 the place in the industrial world occupied by the head of the 

 family, for that there may be contentment in the cottage and 

 misery in the palace is proverbial. Now that wise managers 

 are discovering that the best work is obtained from men whose 

 life in its entirety is most wholesome, it may be expected that in 

 time the executive heads of great organizations will endeavor to 

 allow their fellow- workmen every reasonable facility for domestic 

 enjoyment, healthful recreation, and self-culture. And all the 

 advantages gained by industrial combinations lead to this end. 

 As products are cheapened their use becomes extended, so that in 

 time it may be expected that the humblest may possess themselves 

 of the clothing, food, and conveniences of habitation that minister 

 in greatest degree to bodily health. As men working in concert 

 with improved appliances and under improved methods produce 

 a greater and greater output in less time and with less nervous 

 and muscular exhaustion, it may be expected that before many 

 generations have passed the labor necessary to supi^ly the material 

 needs of the human race may be encompassed within limits of 

 time and exertion that will allow to all sufficient leisure and suflB.- 

 cient spirit for the cultivation of all that gives to life its perfect 

 flower. The great industrial organizations perform for all the 

 people what the men and women in the days of our grandfathers 

 did for themselves and their families. They extend the mutual 

 helpfulness of all the members of the nation, binding community 

 to community, " obtaining an advantage while conferring a boon " ; 

 and the increasing exchange of products between nation and 

 nation gives reason for belief that in generations to come, as the 

 individuals of different nations know and appreciate one another 

 more truly, there may be an extension of industrial organization 

 that will have the whole world for its scope, ministering to all 

 mankind. 



