ial and
military supremacy--for it is now well known that military
supremacy cannot exist without the highest types of machinery
building shops.

Such a nation could dominate all others and could ultimately check
the disorganizing activities of the well-intentioned but
shortsighted reformers.

The higher form fits our highest civilization and national
security, and the other is a direct step toward chaos.

Nevertheless there is almost a stampede of sentiment against
specialization and its product--the large industrial organization.
This stampede has taken many of our otherwise well informed
people, and now we are seeing its extreme effect in the
iconoclastic fever that is raging in Russia and elsewhere.

We know that the individual, the industry or the nation that
specializes will produce the greatest results with a given
expenditure of energy, and we know that all this plan of
specialization requires a co-ordination of the work of all.

There should be brought about through specialization the highest
degree of ability on the part of the executive officers, as well
as the highest skill of the workers, and each man should have the
satisfaction of knowing that no one on the face of the globe can
excel him at his specialty, and furthermore that his energies are
expended in the best way to produce value.

Many men have already realized this ideal. Many industrial
organizations have also attained it in a very high degree,
and while there was a trend of some of the nations toward
specialization before the war, there was developed in America a
spirit of antagonism toward the large units that had grown up as a
result of this specialization. Not that specialization was
objectionable, but that industrial supremacy of an organization
was thought to be a distinct menace.

Since it is in these specialized industries that the individual
should find his best opportunity to produce the greatest wealth
for a given expenditure of effort, such organizations should be
maintained and all others should be gradually changed over so as
to make the most economical use of the man power of the nation.

We have found by experience that industrial organizations are
successful if they specialize. We have handed down to us the
saying that "The Jack of all trades is master of none". Our brains
accept these statements, we recognize them as facts, but owing to
one of the irrational traits of the human being, it is one
thing to believe and a