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 conse- 
quent debauching of political life, it knows that such a 
policy is short-sighted, ultimately unprofitable, and inevit- 
ably destructive to the industrial and trade interests in- 
volved, 
The new industrial era in America has been built pri- 
marily 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 govern- 
ment and less government in business” show themselves to 
be possessed of a superficial attitude which modern in- 
dustry 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 depend- 
ent upon a cooperative, stimulating government attitude, 
and “friendly” assistance, in the best sense of the word 
“friendly.” 
The fundamental principle involved in the proper rela- 
tion between government and industry obviously is that in-