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.

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

The employer class is less indispensable in the modern organization of industries because the laboring men themselves possess sufficient intelligence to organize into co-operative relation and enjoy the entire benefits of their own labor.

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.

Each co-operative institution will become a school of business in which each member will acquire a knowledge of the laws of trade and commerce.

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.

The country blacksmith who employs no journeyman is never conscious of any conflict between the capital invested in his anvil, hammer and bellows, and the labor he performs with them, because in fact, there is none.