Part 1 (1/2)

Industrial Progress and Human Economics

by James Hartness

FOREWORD

The purpose of this book is to indicate the natural way to increase our industrial development To accomplish this there is set forth an outline of an industrial policy This policy relates to procedure andindustrial plants

It conforms to our economic conditions and offers the safest and easiest course

While it is written to create more desirable industrial establishments within the state and to increase the vitality of the existing plants, it is distinctly a guide for the individual, for it facilitates the progress of the man as well as that of the state

It is a practical policy that stiizes the industrial spirit and at the saress in personal and state development

It sets forth certain fundamental principles that apply broadly to all activities, but specifically toand the means and methods that must be employed to win in the industrial conquest

To the investor it provides the best measure by which he can estimate the econoives confidence in right projects,the hazard of investanizations and those founded on unsound policies

To the reat value, for by it they can estiress They risk not only their earning power but their chances for personal developree of ability and in advance froement and success of the enterprise The loss of opportunity of any of these men really transcends the loss of money, for it involves the loss of personal development and all that that anization will be of a rasps the essentials of industrial developnized as standards of measure there will be less conflict between the investors and the ers and all others to use all of their energies wholly for progressive work rather than using a large part of their ti each ers need the support and confidence of the investors Every day requires a fir less than the firanization to a true course With a division of opinion, the natural drift is away from the standards on which modern success depends Not only is it necessary to have these principles understood by investors, but also by all whose opinions will in any way affect the spirit of the anization

The whole scheme, as it is set forth, is true to the fundamentals of huies of ressive growth and creates in each the greatest productive capacity So that, as individuals and as a state, ill produce the greatest value for a given amount of labor

It is the only way by which we can compete with other states and countries It is the natural and inevitable way for Vermonters to travel

CONQUEST OF PEACE

Before the war Ver a serious econoravity of the situation, but has also demonstrated certain human characteristics that can be enlisted to correct our course We found during the war that ere ready to take heroic action whenever an occasion demanded it--that there was a solidarity of purpose of our people

This characteristic must now be invoked We must meet the conditions that confront us by unity of public opinion and team work

The conditions that confront us do not involve the possibility of immediate invasion of our country by a hostile nation, but they carry a burdensoht action

Happily we are not required to risk our lives or even work harder, but wein the general econo states

In war the nation that wins the victory imposes a burden of tax on the conquered nation In the conquest of peace the victorious nations also impose a burden on the losers This burden is just as real as the burden i tribute to the winners This applies to states, to communities, to families and to men The situation calls for prompt attention and concerted action by the people of our state and country

In the conquest of peace success coiven expenditure of energy, or, in other words, to the people who at the end of a day's, a year's or a life's work can est value

Dollars constitute our e of our products of labor If, to accomplish the same result, the man with inferior implements must work harder than the man with the best implements, it is very easy to see who has to pay tribute to the other in the market where values are co to the advance that has been made both in invention of ianization of workers, there is now a marked difference in the value of the product of a day's work A study of this situation shows the supreies as individuals and as a state in a way that will bring the largest value for a day's work