CO-OPERATTON.- 19 



Bit, if equity should not prevail, but be compromised with protit 

 and a cheap commercial spirit, should the acceptor of credit go wild 

 over his uew 'perpetual motion,' or the prospective value of corner 

 lots, then, somebody will get his security, and he never will be in a 

 position again to borrow, without interest ;— partly on account of 

 the risk incurred, and partly owing to his necessity. Again has 

 the labor dollar become one of gold ! 



PART III:-rilE FACTORY. 



Now we have the capital, hurrah ! With it. we have helped 

 many a poor fellow out of the grasp of Shylock. Now, ho ! for 

 the employme.'it <;ffice ;— and there are iifew who will apply ! All 

 sorts ; and cannot wc handle them ? What, not those who want 

 to woi-k") Of course we can. Labor now employs capital, instead 

 of it employing labor. The "capitalists''' are more sorely in need 

 »)f labor now, than labor is of their capital. We can undersell them 

 by ten per cent, the lirst leap. Besides, we now have our goods 

 already sold before they are made, without any canvassers, commis- 

 sions, Of 'overproduction.' But we must attend to those deraand- 

 itig work. And, strange to say, they come in faster than our stores 

 need supplies. They are ditiicult to classify, some are tramps, some 

 broke jail, some are colhige graduates, aiany can do nothing well, 

 all are in search of an 'cnsy job." Now these people must be guar- 

 anteed immediately, somctuing tliat all can do, for subsistence, 

 sf'cond. what each likes to do, and can do best, third, they must 

 have a chance to learn what they would like to do, but cannot. 

 Those that are skilled laborers of course find employiui-nt in tlu; fac- 

 tories, while those th:it arc iniskillcd, are set at some plain mechan- 

 ical pursuit, go on to the land, or become apprentices. 



Now for the kind of maiutgement, and the ethical relations tliat 

 shall exist between 'lai)(jr :u'd capital.'' One must b»' satisfied, the 

 other, secured. In elucidating this, let us suppose that the capital, 

 or plant, is entirely owned by one man, and according to individu- 

 ality of function, is conti-oUed by hira, wliat is to determine tlie law 

 of harmony between employer aiid employee? 



Their Mutual Jielalion.^.~T\\e manufacturer has the machine, 

 but all that it is good for is to be run, and, if idle, it will require la- 



