stablished systems of procedure determine their own institutions, when
agitators get beyond law and reason and lose sight too completely of the
law of mutuality, there is a power backed by a force that it is mere
madness to defy. The rights as well as the power of all the people will
be found to be infinitely superior to those of any one particular group
or class--clear-seeing men and women in any democratic form of
government realise that the words mutuality and self-interest bear a
very close relationship.

The greatest gains in the relations between capital and labour during
the coming few years will undoubtedly be along the lines of
profit-sharing. Some splendid beginnings are already in successful
operation. There is the recognition that capital is entitled initially
to a fair return; again that labour is entitled to a good and full
living wage--when both these conditions are met then that there be an
equal division of the profits that remain, between the capital and the
skill and management back of the capital invested on the one hand, and
labour on the other. Without the former labour would have no employment
in the particular enterprise; without the workers the former could not
carry on. Each is essential to the other.

Labour being not a commodity, as some material thing merely to be bought
and sold, but the human element, is entitled to more than a living wage.
It has human aspirations, and desires and needs. It has not only its
present but its own and its children's future to safeguard. When it is
thus made a partner in the business it becomes more earnest and reliable
and effective in its work, less inclined to condone the shiftless, the
incompetent, the slacker; more eager and resolute in withstanding the
ill-founded, reckless or sinister suggestions or efforts of an
ill-advised leadership.

Capital or employer is the gainer also, because it is insured that loyal
and more intelligent cooperation in its enterprise that is as essential
to its success as is the genius and skill of management.

Taking a different form but proving most valuable alike for management
and capital on the one hand, and its workers on the other, is the case
of one of our great industrial plants, the largest of its kind in the
world and employing many thousands of workers, where already a trifle
over forty per cent. of its stock is in the hands of the workers. Their
thrift and their good judgment have enabled them to take advantage