Many writers upon the science of political economy have declared that it is the duty of a nation first to encourage the creation of wealth; and second, to direct and control its distribution. All such theories are delusive.

There would be no idling in a co-operative workshop. Each workman, being an employer, has a spur to his own industry, and has a pecuniary reason for being watchful of the industry of his fellow workmen.

The employee is regarded by the employer merely in the light of his value as an operative. His productive capacity alone is taken into account.

From my earliest acquaintance with the science of political economy, it has been evident to my mind that capital was the product of labor, and that therefore, in its best analysis there could be no natural conflict between capital and labor.

In a condition of society and under an industrial organization which places labor completely at the mercy of capital, the accumulations of capital will necessarily be rapid, and an unequal distribution of wealth is at once to be observed.

The great advantage to labor arising out of co-operative effort has been apparent to me for many years.

The production of wealth is the result of agreement between labor and capital, between employer and employed. Its distribution, therefore, will follow the law of its creation, or great injustice will be done.