The general principles on which the proposed system is
founded, are
1. That a considerable part of the wages received by each
person employed should depend on the profits made by the
establishment; and,
2. That every person connected with it should derive more
advantage from applying any improvement he might discover, to the
factory in which he is employed, than he could by any other
course.
309. It would be difficult to prevail on the large capitalist
to enter upon any system, which would change the division of the
profits arising from the employment of his capital in setting
skill and labour in action; any alteration, therefore, must be
expected rather from the small capitalist, or from the higher
class of workmen, who combine the two characters; and to these
latter classes, whose welfare will be first affected, the change
is most important. I shall therefore first point out the course
to be pursued in making the experiment; and then, taking a
particular branch of trade as an illustration, I shall examine
the merits and defects of the proposed system as applied to it.
310. Let us suppose, in some large manufacturing town, ten or
twelve of the most intelligent and skilful workmen to unite,
whose characters for sobriety and steadiness are good, and are
well known among their own class.
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