egular
wages, and every year he worked in the mill added both to his stock
and dividends. At death it reverted again to The Model Cotton Mill
Company, to be obtained again, in turn, by other mill workers coming
on up the line. This made every mill worker a partner in the mill and
spurred them on to do their best.
But the home idea of the bishop was the more original one, and a far
greater boon to the people. Instead of paying rent to the mill for
their homes, as they had before, every married mill worker was deeded
a home in the beginning, a certain per cent of his wages being
appropriated each month in part payment; in addition, ten per cent of
the stock acquired, as above, by each individual home owner, went to
the payment of the home, and the whole was so worked out and adjusted
that by the time a faithful worker had arrived at middle age, the
home, as paid for, was absolutely his and his children's, and when he
arrived at old age the dividends of the stock acquired were
sufficient to support him the balance of his life.
In this way the mill was virtually resolved into a corporation or
community of interests, running perpetually for the maintenance and
support of those who worked in it. The only property actually
acquired by the individual was a home, his savings in wages, and the
dividends on his stock acquired by long service and work.
Some wanted the old man to run a general store on the same plan of
community of interest, the goods and necessities of life to be bought
at first cost and only the actual expenses of keeping the store
added. But he wisely shook his head, saying: "No, that will not do;
that's forming a trust ag'in the tillers of the earth an' the workers
in every other occupation. That's cuttin' in on hones' competition,
an' if carried out everywhere would shut off the rest of the worl'
from a livin'. We're makin' our livin'--let them make theirs."
The old bishop was proud of the men he selected to carry out his
plans. Captain Tom was manager of the Model Mill.
"Now," said the old man, after the mill had run two years and
declared a semi-annual dividend, both years, of eight per cent each,
"now you all see what it means to run even business by the Golden
Rule. Here is this big fortune that I accidentally stumbled on, as
everybody does who makes one--put out like God intended it sh'ud,
belonging to nobody and standing there, year after year, makin' a
livin' an' a home an' life an' happiness
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