Each man employed in the works, from the general manager to the lowest-paid helper in the yard, must be a shareholder, the number of shares to be held by each being regulated by his wages. If a workman should die, or leave employment, either on his own motion or because of his being discharged, his shares would be turned over to his successor, who would be required to make good to the outgoing man or his widow or heirs whatever amount had been paid upon the shares, and the money for such payment might be advanced when necessary out of a fund for such purpose provided by the Foundry Company, the shares standing as security for the advance. No shares could be transferred except to a successor—employed in the foundry. A portion, say one-fourth, of the shares of the corporation should be reserved for allotment to workmen whose employment might be required by the growth of the works, though it will be the object of the directors of the Lorin French Labor Aid Company to encourage the continued organization of new co-operative labor corporations rather than the enlargement of old ones. Yet such encouragement must be prudently granted, having reference to the natural growth of business and the demands of a healthy trade, and overproduction must not be stimulated, for it is my main purpose to help the laborer to rid himself of the payment of high interest and large commissions, to bring him as nearly as possible in direct communication with the consumer, to save him the waste of strikes, and the salaries of the brawlers who foment difficulties between laborers and their employers, to make him his own employer and his own capitalist, to encourage him in sobriety and thrift and the possession of such high manhood as of right belongs to citizenship of our republic. The capital stock of such an iron-workers’ co-operation might be fixed at the sum borrowed from the Lorin French Labor Aid Company, say $1,000,000, divided into shares of the par value of $10 each. Thus, five hundred men properly managed, working industriously, and allowing one-fourth of their wages and their entire profits to accumulate, might be able in five years to own a plant of the actual value of $1,000,000, with the good-will of a business worth as much more, and thereafter the worker might receive full wages and an additional income from dividends, which, if placed in endowment insurance, or in similar safe investments, would enable him to retire, if he wish, in fifteen years with an assured competence.