town of Mulhouse, where, after some thirty years, the spirit of brotherliness has so entered into the relationships of capital and labor that a firm would be disreputable which there attempted to carry on business as business is ordinarily done here.  All the manufacturers plan out, organize, and carry on what to most of us would seem impossible schemes for the amelioration and uplifting of the condition of their working people.  No one wonders that, as he walks through the town which his large hearted philanthropy imbued with this fine spirit, the workingmen salute the originator of these schemes as “Father Peter.”

In addition to this personal, human relationship, capital might and should, in all justice and humanity, identify the pecuniary interests of labor with its own interests.  What is known as industrial partnership is simply a solution of this branch of the problem.  The principle is simply that of giving labor a pecuniary interest in the profits of the establishment pro rata with his own wages.  A bonus is set on frugality and industry and conscientiousness of work by making the hands small partners in the concern. * * *