254 INDUSTRIAL REVOLUTION AND WAGES

need now is an American Institute of Industrial Coordination
—a sort of Institute of Institutes—not to make laws governing
 industry but to discover what the law of industry is and
to guide industry according to that law. . . .
[ do not pretend to know how industrial coordination can
be brought about. That, too, is something for industry to
find out. I am simply proposing an Institute for Industrial
Coordination. Let the industries of America get together
and see what they can do.
If they do get together, with something of the same spirit
in which they got together in 1918, I am sure that they can
find a way to abolish unemployment. And they can find a
way—so I am advised, at least, by many industrial experts—
to make American industry many times more efficient than it
is even to-day, to double wages, to make the work-day still
shorter, to reduce crime and to usher in an era of all-around
prosperity and peace. . . .
The principle of service is a universal principle. We have
discovered that principle in America: and in so far as we
have been able to apply it, we have discovered that it pays.
But we have not been able to apply it inter-industrially as
yet, because we have not yet evolved any inter-industrial expression.
 1f we once do that upon a national scale, it is but
a question of time when we shall do it internationally. That
will mean world peace: and from my point of view, it is about
the only hope there is for permanent world peace.

The constructive suggestions advanced by Mr. Javits,
as well as his proposed “Institute of Industrial Coordination,”
 created widespread interest among industrialists,
financiers, and students, the majority of whom were favorable
 to his main ideas and principles. Mr. Edward A.
Filene, President of William Filene’s Sons Company, of
Boston, and one of the far-sighted business leaders of the
country, commented on Mr. Javits’ proposal as follows:
1 Forbes Magazine for August 1, 1928, p. 14.