Facsimile PDF - Online Library of Liberty

ON IND US TRIAL PAR TA7ERSHIPs. 15;
profit,, tl rate with which the men were perfectly di6fied, SO
that 110 in fact promised a return of 15 per cent. on capital.
No doubt this question was a more difficult one, alld it mould
be only in the course of time that it would be morked out SO
bhat it might be extended to various trades. In tho cotton
trade there weye great protits oud great losses, and it not
fair to throw either entirely upon the workwan. Howeycr,
he saw no difficulty in spreading these over n series of years.
Mr. Frederic Hill, in asking the meeting to rccord a vote
of thanks to the lecturer, took occasion to say that a friend of
his some time since, 'who resided at Singapore, wanted n llouso
built, and applied as advised to a Chinese, who mado an ngreoment
to do the work for a certain sum. He found out shortly
that all the men employed had a share in the profits of tllo
undertaking, a d every man took care not only to do as much
work as possible, but to see that his nest neighbour did his
work well also. On inquiry he found that this system is universal
in China, and that every shopman there has a shnro in
his master's profits, so that tho Chineso had bee11 before us in
this matter of industrial partnerships, as well a3 in BO many
ot,her matters.