Recently we made a study of a large corporation. Amongst other things, we found it required ten thousand dollars capital to provide the building, machinery, help, tools, advertising, selling, and other necessities of that business for every employee on the payroll. It also required unusual organizing ability and unusual selling ability to gather together the means for manufacturing the product and getting it into the hands of the consumer. It also required considerable genius to collect the money for the product and apply it to the needs of the workers in the form of payroll. These services of the fat man are often forgotten by those who work under his direction. In order that huge industries may be built up and employment secured for hundreds of thousands of men, large bodies of capital must be gathered together. This is a work for financiers. Go down into Wall Street, in New York; La Salle Street, in Chicago; State Street, in Boston, and look over the financiers there. A considerable number of them are fat men. Because thinkers and workers cannot appreciate financial value, many of them complain loudly because the fat man sits in an easy chair and reaps the profits from their efforts. They restlessly agitate for an economic system which will yield them all the profits from their ideas and labor. They want to eliminate the capitalist--to condemn the fat man to a choice between scholarship or working as they work and starvation. They know human aptitudes so vaguely that they want to turn the corpulent into farm hands or philosophers and the great mass of lean and bony into financial rulers. There is a prevalent notion among the unthinking that capital takes about four-fifths of the products of labor's hands and keeps it. A committee of the American Civic Federation, after three years of careful investigation in industries employing an aggregate of ten million workers, found that this idea is based upon the assumption that capital gets and keeps all the gross income from production except what is paid to labor. It leaves out of account the cost of raw materials, the upkeep of buildings and machinery, and miscellaneous expenses. When these are subtracted from gross income, the committee found, labor receives two-thirds of the remainder in wages and salaries, capital one-third for interest, upkeep of capital, and profit. FINANCIER AND JUDGE