superintend them, should receive one half of what his service is worth in fixed salary, the other part varying with the success of the undertaking. 312. In such a factory, of course, division of labour would be introduced: some of the workmen would be constantly employed in forging the fire-irons, others in polishing them, others in piercing and forming the fenders. It would be essential that the time occupied in each process, and also its expense, should be well ascertained; information which would soon be obtained very precisely. Now, if a workman should find a mode of shortening any of the processes, he would confer a benefit on the whole party, even if they received but a small part of the resulting profit. For the promotion of such discoveries, it would be desirable that those who make them should either receive some reward, to be determined after a sufficient trial by a committee assembling periodically; or if they be of high importance, that the discoverer should receive one-half, or twothirds, of the profit resulting from them during the next year, or some other determinate period, as might be found expedient. As the advantages of such improvements would be clear gain to the factory, it is obvious that such a share might be allowed to the inventor, that it would be for his interest rather to give the benefit of them to his partners, than to dispose of them in any other way. 313. The result of such arrangements in a factory would be, 1. That every person engaged in it would have a direct interest in its prosperity; since the effect of any success, or falling off, would almost immediately produce a corresponding change in his own weekly receipts. 2. Every person concerned in the factory would have an immediate interest in preventing any waste or mismanagement in all the departments. 3. The talents of all connected with it would be strongly directed to its improvement in every department. 4. None but workmen of high character and qualifications could obtain admission into such establishments; because when any additional hands were required, it would be the common interest of all to admit only the most respectable and skilful; and it would be far less easy to impose upon a dozen workmen than upon the single proprietor of a factory. 5. When any circumstance produced a glut in the market, more skill would be directed to diminishing the cost of production; and a portion of the time of the men might then be occupied in repairing and improving their tools, for which a reserved fund would pay, thus checking present, and at the same time facilitating future production.