Cyclopedia of Commerce, Accountancy, Business Administration, v. 02 (of 10)American School of Correspondence
General
Cyclopedia of Commerce, Accountancy, Business Administration, v. 02 (of 10)
American School of Correspondence
Accounting; Business; Commerce
is most appropriate for it, by drawing upon the other plants for such
machinery as they have which may supplement its own in this line.
By this plan, each plant makes but one class of product. Having the
best machinery from all the plants for this purpose, and concentrating
its energies on a single class, it is enabled not only to turn out a
better product, but to turn it out much more economically than before.
As the workmen become more expert on their single line of product,
they work more efficiently and consequently earn higher wages.
All these conditions, producing an economical output, enable the
manufacturers to reduce the selling price.
The conditions of economy brought about in the management of the
manufacturing operations and in marketing the product, are very
marked when a large number of plants operate under one general head.
Again, with the immense amount of capital at the disposal of such a
corporation, it is enabled to secure the services of the best experts,
and the most valuable processes in existence.
There are many other advantages, not only to the corporation and its
employees, but to the users of its products, and so to the general
public, when a combination of capital is _honestly made and honestly
administered_.
=Betterment of Industrial Conditions.= What has been said of the Steel
Corporation as to favoring of employees, has been duplicated in various
ways by different manufacturers all over the country. Factory sites
have been beautified by landscape gardening, and trees and shrubbery
have made the surroundings of working men and women pleasant and
attractive. Land has been purchased, and workingmen's homes built
and rented to them at fair rates. Factory dining rooms are provided;
reading rooms, libraries, gymnasiums, clubs, and social organizations
are inaugurated; emergency hospitals or "first aid" rooms are arranged,
with all or nearly all these services free except that provided in
dining rooms, which is furnished at actual cost. More recently, a firm
in Connecticut announces that it will furnish free medical attendance
to all its employees and their families.
Schools have been established for apprentices, wherein they receive
such technical instruction as may be necessary to their success in
the trade they are learning──and this, not only without expense to
themselves or to their parents, but they are paid by the hour for time
spent in their school work, the same as for their time in the shop.
To foster a practical interest in the work of the shops, many concerns
have what is called the _Suggestion System_, whereby the employees may
make written suggestions of any improvements which they desire as to
shop methods and routine, the design and construction of the product,
and many kindred subjects, the best suggestions made each month
receiving prizes.
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