Local Industries

Feilding Star, Volume VI, Issue 15, 15 July 1884, Page 3

Local Industries

(Williamson & Co*> Investors' Guide) Unquestionably co-operation is the spirit of the age. Here, at least, individual enterprise appears merging into organised effort. Hence the result, and perhaps necessity for public companies, with limited or unlimited liability. Such undertakings possess manifest advantages ; iv dealing 1 frith financial ]>robleuis. fur instance, and generally where strength is a desideratum. Cut success can only be achieved, as with individuals, by the best management. To secure this we cannot conceive a more importantprinciual than by compelling employees. Irom messenger to tiinnager, to become shareholders, proportioned to their positions of course, in the institutions with which they identified. Certain 1) nothing woul.i in pire a proprietary with more con fi deuce- Managers and se r taries in iv particulai, ought undoubtedly to quality lor their situations — well paid as a rule — to an extent at least as large as directors. Herein only, can the necess; ry interest and economy be originated, which, pnr -i: eating all ranks, must have the best effect It is preposterous to suppose that an employee's interest and anxiety in an industrial enterprise 6hould culminate in the regular drawing of his salary