It will be noted that this plan promotes steadiness in work, stimulates to industry, and adds a most valuable element of hopefulness to labor. As a business enterprise for the owners it is sound, for it makes every workman an interested party in increasing the profits of the firm—interested not only in production, but in the marketableness of the thing produced. There have been two divisions under this plan. At the declaration of the first the workmen had no confidence in it; many of them would have sold their chances for a glass of beer. They expected that “expenses” would make such a large figure that nothing would be left to divide. When they received, as the good workmen did, considerable sums of money, life took on another aspect to them, and we may suppose that their confidence in fair dealing was raised. The experiment of a year has been entirely satisfactory; it has not only improved the class of employés, but has introduced into the establishment a spirit of industrial cheerfulness. Of course it is still an experiment. So long as business is good, all will go well; but if there is a bad six months, and no profits, it is impossible that suspicion should not arise. And there is another consideration: the publishing to the world that the business of six months was without profit might impair credit. But, on the other hand, this openness in legitimate business may be contagious, and in the end promotive of a wider and more stable business confidence. Ivorydale is one of the best and most solidly built industrial establishments anywhere to be found, and doubly interesting for the intelligent attempt to solve the most difficult problem in modern society. The first semi-annual dividend amounted to about an eighth increase of wages. A girl who was earning five dollars a week would receive as dividend about thirty dollars a year. I think it was not in my imagination that the laborers in this establishment worked with more than usual alacrity, and seemed contented. If this plan shall prevent strikes, that alone will be as great a benefit to the workmen as to those who risk capital in employing them.