306 INDUSTRIAL REVOLUTION AND WAGES

acquisition of water power and other natural resources—
to use political methods for obtaining special favors and
privileges from the government. Industry as a whole, or
real industrial leadership in America, however, does not
countenance such methods. Aside from the obvious lack
of patriotism and honor in such an attitude, and the consequent
 debauching of political life, it knows that such a
policy is short-sighted, ultimately unprofitable, and inevitably
 destructive to the industrial and trade interests involved,


The new industrial era in America has been built primarily
 upon the rock of service and performance, and not
the least amazing of the many marvelous developments of
the new industrial revolution has been the discovery by
modern industry that equity and service actually pay and
are the essentials of permanent industrial achievement.
So-called industrialists and financiers who still mouth the
hackneyed phrases that “we need more business in government
 and less government in business” show themselves to
be possessed of a superficial attitude which modern industry
 has discredited and forgotten.
This slogan was formerly used in a cheap political way
to glorify business and industry in a selfish, pecuniary
sense, and to detract from governmental interference with
business in the sense that governmental interference was
costly and tabu, even tho it represented the democratic
aims and aspirations of the people. The enlightened and
far-seeing industrial leaders and financiers of the modern
world, however, know and declare that industry is dependent
 upon a cooperative, stimulating government attitude,
and “friendly” assistance, in the best sense of the word
“friendly.”
The fundamental principle involved in the proper relation
 between government and industry obviously is that in-