The daily Nome industrial worker., 1916-10-16
scrambling for profits wonlG -ot be

and the activities of community would be in better position to sa- tisfy the community's requirement. and, would eliminate quantity ot surplus labor that could be trrne1 into channels which were. rloauo- tive.
 As it is, the mining activities have to keep all these things going. They keep un the superfluous stores, sa looms, hotels, banks lawyers, court officials, all going. And four fiitf S of these things are simply not re- quired as social necessities. They afford the owners an opportunity of getting in their work of abstracts ,n from pro iuctive labor. For al. these utterly useless activities are simply parasitic on ihe real forces of wealth production.
 How costly these things are may not be apprehended so apt!y as in considering the parasitic interposi- ton of financial or industrial own CTS on a large and more information al scale. Take the House of Morgan It is the distributing agency for the purchase of war material for the AL lies in the United States. Several hundred million dollars come to that firm as intermediary for the British and French governments between the latter and the contrac- tors for war material. All that money is absolutely wasted. It is annexed by the dominating position of the Morgans And the labors of the firm in securing the monies of which so large per centage is an. nexed by it. is wholly as far as SO ciety is concerned absolutely wasted The Morgans have never contributed half a cent to the actual wealth of the world. Neither did any financial or industrial chief. Their activities have simply been concerned with getting the profits from labor an6 seeing that their rivals did not gel too large a chunk from them them selves.
 One should imagine that this talk of industrial efficiency should be 2 dangerous subject for the captains of industry. Measured by the standards of industrial efficiency the machine that cannot make gooC is compared with the machine o1 another type adapted for the same end is found wanting. It must func tion usefuly in the factory scheme or it is eliminated. Similarly thu labor in the factory that fulfill' no useful function is eliminated en tirely in all we'll conducted factories Only that is maintained and tolerat ed in the scheme which proves it' worth by productive values.
 Suppose the mind strays now from consideration of the factory, of tho machines therein, ande the labol therein, and turns to society as 2 whole. If we submit to the same efficiency test all the several units therein which will we have to elimi nate? Surely not he workers who do productive labor, not the workers engaged in distributive functions not the workers who contribute tc the increased wealth of the nation and it's distribution, but those whose activities are strictly of no earthly use except as profit makers and pro fit takers from productive labor The coupon clipper, the man of led gers, interest, rent and progt fulfills no function that in any way contrt butes to human welfare, to human happiness and to human progress Quite the contrary, their own well fare, depending upon an artificial condition which insists upon depriv- ing the producers of four-fifths oi the value of the product of their labor, is anti-social and as such not only not industrially efficient, but Is the very acme of industrial, so. cial, and political inefficiency that cannot justify itself. No wonder