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.
6. Another advantage, of no small importance, would be the
total removal of all real or imaginary causes for combinations.
The workmen and the capitalist would so shade into each other--
would so evidently have a common interest, and their difficulties
and distresses would be mutually so well understood that, instead
of combining to oppress one another, the only combination which
could exist would be a most powerful union between both parties
to overcome their common difficulties.
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