This plan of individual progress should not be disturbing to the worker who has come to a standstill. It is the ideal toward which we must work. It can never be wholly attained, but such a policy will make a vast difference with the prospects of all workers and in the success of industrial organizations. PROTECT THE INDUSTRIAL SPIRIT. Industries and the workers should be protected from incompetent managers, investigators and impractical theorists. Industries and the workers go forward by actual work, not on manipulation of stocks, bonds, laws and schemes to wreck or boost for temporary gain of some one interest. In general it is safe to have faith in the honesty of the workers and those who cooperate with them--at least we can start with the assumption that honesty and square dealing are not monopolized by other professions. If we will remember that an industry has a vitality the same as a man, that its life can be destroyed by an ignorant investigator with a probe poking into every nerve and muscle, we will make Vermont a more natural place for industrial development and progress. The attitude of the workers and the general public should be cordial instead of antagonistic for every desirable industry is an asset of great value. In theory and law an industry belongs to the stockholders, at least it is for the stockholders to elect the board of directors who through practical officers manage the business; but, as a matter of actual fact, to the man who has the best job in the world for himself right in that organization, the life of the organization is of greater importance than it is to any one of the stockholders. In the same sense the existence of the industry is of greater value to many others in the organization and in the community than it is to the stockholders. Hence, anything that interferes with the success of the organization injures many people. WHAT IS NOT AN INDUSTRY. Perhaps it will be well to state first what does not constitute an industry. Power, transportation facilities, fine buildings, fine machinery and a group of skilled workmen, a complete office staff and an elaborate system of fad management do not constitute an industry. Such an aggregation might be likened to a cargo ship all ready for service excepting that it lacks a captain and navigating officer and some one to determine what kind of a cargo to take, where to go and how to get there. The greatest value of an industrial plant that has everything but a work to do and a leader to determine its major policies, lies in the skilled workers and able executives in work and office. The buildings and machinery come next in value, but the whole thing is worthless without the idea and the vision. "DEAD" ORGANIZATIONS.