New Britain herald., 1929-11-07

they have thousands of satisfied GUS the people gotten together is great CT than the knowledge of any one man.
 The second principle is that if you want man to do thing well you must select the man with pc culiar qualities for that job. Some men can work better with their hands, some with their heads, some with their feet. Some can get along with people and some cant. Put them on the jobs where they fit.
 The third principle is that once you get the right man selected train him.
 "The fourth principle is that the manage itself must take the responsibility and must not give or ders in general without understand ing what must be done and how it ought to be done.
 Labor never has felt that it got lIo uut III buL tl'it 10 Il law of service. That law is simply that the thing that is scarce is high The thing that is plentiful is cheap
 You get all the air you want and all the water you want. They are cheap because they are plentiful. II you were alone in the midst of the Sahara desert with an empty water can and @ million dollars, you'd be willing to trade that million for a canful of water. If you were one oi those hundreds of men who died in the terrible Black Hole of Cal cutta' you'd be willing to pay mil lion dollars if you had to be the man nearest the one and only win dow.
 Calls Immigration Law Good
 "The man with unskilled hand' and lack of ability is plentiful. True he is less plentiful than he was be | fore we passed the last immigra tion law. By the way that law wa a good thing because it taught IL high wages were a good thing.
 When Henry Ford started pay 1 ing s5 a day people said the coun | try would be ruined, but we learned that when people earn more the! buy more and that helps buisness 1 The skilled man is the man wht earns the most. College men car earn more than others. The unskill ed man is cheap because he is plen tiful.
 Most people do not understand the laws of wealth, that's why they speculate on the market. trying tc get wealthy without laws. A Ques, tion that has puzzled the world fol long time is the question Why i' it that labor hasn't got the wealth
 it is labor that makes wealth'?' Colonel Franklin here answered the question by using as an illus. tration the story of a man who builds new machine. He first saiG that labor makes wealth and there. fore should have the wealth. Thcr he invented a new machine whicl was to reduce the cost of produc. tion of a certain article. He borrowed s1,0O0 from tho bank. Then he paid labor $500 to build the machine and paid the other $500 for raw material. That raises another unanswered ques- tion. since all raw material comes from the ground, why doesn't the man who raises the raw material have the wealth'?"
 He continued with his illustra- tion. The man who produced the raw material agreed to sell for $500 which netted him reasonable profit. The laboring man agreed tc do the work for $500, which paid him for his services. The man, or ir this case capital, received the inter- est on the $1,00O loaned to pay the other two, "who," asked Colone, Franklin, "produced the wealth and who should get the s25,00o for which the man sold the machine Capital, which supplied the cash to pay the cost of production? Labor which built the machine? The pro- ducers of the raw material which supplies the necessary parts? When the s1,OO0 is paid back to the bank, who owns the others in s24,00O?
 They've all been paid for their part. How about the man who con- ceived the machine? It's the brains that make the wealth. When you find people with brains and courage they don't have much trouble get ting wealth.
 Labor Essential to Operation
 We are discovering that nothing can operate withoue labor The bet ter it operates the more we can produce. Industry is a human pro- position. Our problem is, how can we get them to give the best that's in them?
 "The way to produce more cheap Iy is to make people more efficient. The way to make people more ef- fcient isr to make them want to be efficient
 Many men throw their whole lives into our industries. They ought to be rewarded. What do they want for their reward? Happiness, inde- pendence. security, safety and steady work.
 "One of the things that is valuable in industry is the suggestion sys- tenn. They will work their heads off to make a suggestion successful.
 After all the golden rule is a profitabIe thinp to oDerate