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B. Exploitation of minerals. Transformation, Transport and industries: technical processes, division of labour, means of communication. Commerce: exchange and sale, credit. Distribution: system of property, transmission, contracts, profit-sharing. V. SOCIAL INSTITUTIONS. The family: A. Constitution, authority, condition of women and children. B. Economic organisation. Family property, succession.

They were well aware that while wages everywhere else had been cut down, theirs were undiminished; that the profits from the second-hand book trade which remained nominally outside the profit-sharing partnership were practically all spent in furthering the social ends of it; and that the master, in his desolate house, with his two maid-servants, one of them his boy's nurse, lived as modestly as any of them, yet with help always to spare for the sick and the unfortunate.

If they can only gain control of it they can reap rich benefit from all the honest effort that has been put into it. They can destroy its beneficiary wage and profit-sharing, squeeze every last dollar out of the public, the product, and the workingman, and reduce it to the plight of other business concerns which are run on low principles.

His system of profit-sharing must be the starting-point for a world-fight between Labor and Capital! Two days later Pelle and the librarian went to Frederiksberg Street to look at a business that was to be disposed of. It was a small matter of half a score of workmen, with an electrical workshop in the basement and a shop above.

There was an end of his profit-sharing, and all the recriminations which were involved in it. Now he could enter into direct relations with the employers and look his comrades straight in the eyes. For various reasons it had been a humiliating time; but he had no feeling of resentment toward Pipman; he had learned more with him in a few months than during his whole apprenticeship at home.

As he sat talking to Ancrum of the new buildings behind the printing-office where he now employed from two to three hundred men, of the ups and downs of his profit-sharing experiences, of this apprentices' school for the sons of members of the 'house, imitated from one of the same kind founded by a great French printing firm, and the object just now of a passionate energy of work on David's part or as he diverged into the history of an important trade dispute in Manchester, where he had been appointed arbitrator by the unanimous voice of both sides as he told these things, it was not doubtful even for Ancrum that his power and consideration were spreading in his own town.

They give of their store, while labor gives of its life. Their view is to be reconstructed, and profit-sharing become as much a part of any industry as profit-making. This is a growing conviction; nor can we wonder that realization of its justice and its possibilities has been a matter of very recent consideration.

In fact we have to-day a profit-sharing plan between owner and foreman on many of our best plants. To extend such to each laborer requires more system and better superintendence, but it is feasible and must come. But, better still is it for the worker to own the stock.

This is one of the principal reasons why cooperation or "profit-sharing" either through selling stock to the employees or through dividends on wages received at the end of the year, etc., have been at the best only mildly effective in stimulating men to work hard.

In the form of its business organization the business of whaling was the purest form of profit-sharing we have ever seen in the United States. Everybody on the ship, from captain to cabin-boy, was a partner, vitally interested in the success of the voyage. Each had his "lay" that is to say, his proportionate share of the proceeds of the catch.