"You used to have some pretty large textile manufacturing establishments, even in your day, although not comparable with ours. No doubt you have visited these great mills in your time, covering acres of ground, employing thousands of hands, and combining under one roof, under one control, the hundred distinct processes between, say, the cotton bale and the bale of glossy calicoes. You have admired the vast economy of labor as of mechanical force resulting from the perfect interworking with the rest of every wheel and every hand. No doubt you have reflected how much less the same force of workers employed in that factory would accomplish if they were scattered, each man working independently. Would you think it an exaggeration to say that the utmost product of those workers, working thus apart, however amicable their relations might be, was increased not merely by a percentage, but many fold, when their efforts were organized under one control? Well now, Mr. West, the organization of the industry of the nation under a single control, so that all its processes interlock, has multiplied the total product over the utmost that could be done under the former system, even leaving out of account the four great wastes mentioned, in the same proportion that the product of those millworkers was increased by cooperation. The effectiveness of the working force of a nation, under the myriad-headed leadership of private capital, even if the leaders were not mutual enemies, as compared with that which it attains under a single head, may be likened to the military efficiency of a mob, or a horde of barbarians with a thousand petty chiefs, as compared with that of a disciplined army under one general--such a fighting machine, for example, as the German army in the time of Von Moltke.""After what you have told me," I said, "I do not so much wonder that the nation is richer now than then, but that you are not all Croesuses.""Well," replied Dr. Leete, "we are pretty well off. The rate at which we live is as luxurious as we could wish. The rivalry of ostentation, which in your day led to extravagance in no way conducive to comfort, finds no place, of course, in a society of people absolutely equal in resources, and our ambition stops at the surroundings which minister to the enjoyment of life. We might, indeed, have much larger incomes, individually, if we chose so to use the surplus of our product, but we prefer to expend it upon public works and pleasures in which all share, upon public halls and buildings, art galleries, bridges, statuary, means of transit, and the conveniences of our cities, great musical and theatrical exhibitions, and in providing on a vast scale for the recreations of the people. You have not begun to see how we live yet, Mr. West. At home we have comfort, but the splendor of our life is, on its social side, that which we share with our fellows. When you know more of it you will see where the money goes, as you used to say, and I think you will agree that we do well so to expend it.""I suppose," observed Dr. Leete, as we strolled homeward from the dining hall, "that no reflection would have cut the men of your wealth-worshiping century more keenly than the suggestion that they did not know how to make money. Nevertheless that is just the verdict history has passed on them. Their system of unorganized and antagonistic industries was as absurd economically as it was morally abominable. Selfishness was their only science, and in industrial production selfishness is suicide.
Competition, which is the instinct of selfishness, is another word for dissipation of energy, while combination is the secret of efficient production; and not till the idea of increasing the individual hoard gives place to the idea of increasing the common stock can industrial combination be realized, and the acquisition of wealth really begin. Even if the principle of share and share alike for all men were not the only humane and rational basis for a society, we should still enforce it as economically expedient, seeing that until the disintegrating influence of self-seeking is suppressed no true concert of industry is possible."
