The Press., 1917-11-15
CLOSER kINSHIP IS
 THE NEW IDEAL IN AMERICAN INDUSTRY
Harmony Between Men and Man. agement Recognized as a
 Desirable Factory Asset.
.IS NOW AN INVENTORY ITEM
Modern Manufacturer cuItiVates Good Will of Workers-His Interest No
 Longer Confined to Conversion of Raw Material Into Finished Product.

No established business can operate efficiently without inventory. The in- Yentory tells the story of whether the business is successful or otherwise. You put almost everything you have in an inventory, and the value that you think the article bears in relation to your business. ....
 But there are many things which go into the composite body of inventory beside personal property. There is the question of good will. There is the item of the contentment of em- ployees. There is the question of the relation of employer to employee. There is the item of the health hy- giene of artisans. And there is the final item, which is always eloquent, of whether or not the men who work are better citizens in the community in which they live.
 The time has come and gone when manufacturers are exclusively inter- ested in converting raw into finished product. The time has come when all employers must be interested in the quality of manhood of the men who work.
 Industrial conservation means the preservation and protection of the lives, liberties and rights of men in industry as much as 1t does the pro- lection of the economic agencies of manufacture. It spells industrial in- tegrity. The age of ruthless compe- tition is relegated to the past. The s,4onon+, ~F or,nlouooc and onO10vorC are not necessarily identical, but they are mutual If the humblest employee in any industry is not interested in the success of the concern for which he works he should be eliminated. If the executive of any large industrial concern is not interested in the hum- blest toiler the executive should be eliminated.
 The Meaning of Cooperation. The new idea in industry is closer kinship and deeper appreciation of the necessity for mutuality and co-Opera- tion Cooperation means not merely the physical coordination of industry; it means the spirit with which the la- bor is performed. Cooperation is not question of wage or hours of labor; it Is an agency for the the betterment of employees, stockholders and of11- cers. If an industrial concern cannot manufacture good will, it ought to so out of business.
 Industrial conservation means mObt- lizing industrial forces, both internal ly and externally. It means protec- tion, not in the tariff sense of that word, but in the sense of establishing an industrial Rock of Gibraltar against the international trade conditions which will follow on the termination of the European war. The vast eco- homie changes to follow the Euro pean conf1agration cannot be worked out by a group of men. The test Of democracy depends upon the contF1- button of everybody interested in the maintenance of democracy, independ- ent of political, sectional or racial considerations.
 Just as sometimes industrial plants are reorganized, so now American 1n' dustry is undergoing a process or re- organization. It is no longer an age of the brutality of competition, but or Ek1lI III bringing dDOuL CO-OA AAA@IAOA'
 Business now means making better men and better conditions for labor, more highly specialized vocational training, and a non-provincial outlook and realization that the eventual great ness of American industry cannot be measured in terms of dollars ana cents, but in terms of the manhood Of the men who constitute the fibre inter- woven in our scheme of democracy.
 Welfare of Worker Considered.
 Measures designed to reduce the cost of accidents in industry, the high est degree of safety apparatus for workmen, the study of fatigue and it's consequences on the operative, the de- velopment of the individual efficiency of workmen, the problem of sickness insurance, either through voluntary or involuntary plans; the study Of the economic factors involved in shorter working day, the standardization or cost systems-these and dozens Of Oth- CT problems are all part and parcel or industry today.-IndWstriGl Conserve tiOn, Net1 York