The daily Nome industrial worker., 1916-12-05

endeavored to give anything like a partial description of that move ment. We have to overlook the fact that these movements were assocl- ated with names now great in com merce, finance and industry, while we realize that these movements were part and parcel of the econo- mic system.
 The men associated with the move ment were of course men adjusted better than the rest, intellectually, mentally and from a bourgeois point of view morally also. An eXamina- tion of the character Of Rockefeller reveals the fact that his associates in American enterprise, or his com- lands, possessed the same character istics to quite a startling extent. h. deed if one were to take typical American magnate, French capi-
 talist, a British financier, German captain of industry, they all display certain features in common which
 there is no mistaking. This is not
 due to the fact that the men made
 the occasion, but that the occasion
 made the men, and similar occasions
 make similar men.
 The fact that control was once ob-
 tained of the oil industry made all
 the rest easy. It is an industry su-
 premely important. The product is
 household and industrial necessity.
 It was bound to grow and the profits of the industry were bound also to ascend Those profits were re-distri- buted in other productive industries
 Railroads were brought under con | trol, mines, manufactures, chemical
 works and other things were sought i out for investment purposes. These
 in turn produced profits which yet
 again sought re-investment and in
 this way control of the industrial
 and financial world accompanied of
 course by well defined traffic
 and financial relations with other controlling influences and interests.
 became in the United States highly centralized. The profits crC II Stand
 ard Oil were always high. And they
 were of course utilized to buy up any subsidiary industry. These sub sifary industries in turn supplied profits which were invested in in- l dustries related to them in turn, and
 the golden circle of control spread throughout the entire country. There is thus a constant volume these industries seeking investment. such investments give increased con
 trol, and the centrallzation of wealth in the hands of fewer and fewer men goes on necessarily day by day and year by year, as principle in herent in the present economic sy- stem.
 We see this in a very recent de- velopment in American industry. As everyone knows the manufacture of explosives entails also the manu- facture of a number of chemicals in whose production there is a tremcnd- ous quantity of by-products which if lost, entail enormous waste and , consequent loss in profitable opera ton. Allied with the refining of petroleum, are chemical industries which take up much of the refinery by-products. These have been allow ed in many cases owing to the fact that they were relatively of small
 importance, to go to waste.
 Germany had by economic opera tion Of all her industries and especi- ally the manufacture of high eXplo-
 sives, evolved tremendous che mical and dye-stuff export trade.
 These were produced cheaply for they were by-products of still more profitable manufacture. And these found their way to the United States
 which up to the war as all know,
 had been dependent upon Germany for it's dye-stuffs and chemicals.
 Now however so immense has the chemcial industry. due to the inten- sive production of explosives, be- come in the United States that the economical operation of the factories suggests that these by-products be
 utilized, and since 1915 there has
 been begun an alliance between the