Page:Principles of Political Economy Vol 2.djvu/369

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probable future of the labouring classes.
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in the habits and demeanour of his workmen, not merely when at work, and in their relations with their employer, but at other times and in other relations, showing increased respect both for others and for themselves. M. Chevalier, in a work published in 1848,[1] stated on M. Leclaire's authority, that the increased zeal of the workpeople continued to be a full compensation to him, even in a pecuniary sense, for the share of profit which he renounced in their favour. And Mr. Villiaumé, in 1857,[2] observes: "Quoiqu'il ait toujours banni la fraude, qui n'est que trop fréquente dans sa profession, il a toujours pu soutenir la concurrence et acquérir une belle aisance, malgré l'abandon d'une si large part de ses profits. Assurément il n'y est parvenu que parce que l'activité inusitée de ses ouvriers, et la surveillance qu'ils exerçaient les uns sur les autres dans les nombreux chantiers, avaient compensé la diminution de ses profits personnels."[3]

The beneficent example set by M. Leclaire has been followed, with brilliant success, by other employers of labour on a large scale at Paris; and I annex, from the work last re-

  1. Lettres sur l'Organisation du Travail, par Michel Chevalier, lettre xiv.
  2. Nouveau Traité d'Economie Politique.
  3. At the present time M. Leclaire's establishment is conducted on a somewhat altered system, though the principle of dividing the profits is maintained. There are now three partners in the concern: M. Leclaire himself, one other person (M. Defournaux), and a Provident Society (Société de Secours Mutuels), of which all persons in his employment are the members. (This Society owns an excellent library, and has scientific, technical, and other lectures regularly delivered to it.) Each of the three partners has 100,000 francs invested in the concern; M. Leclaire having advanced to the Provident Society as much as was necessary to supply the original insufficiency of their own funds. The partnership, on the part of the Society, is limited; on that of M. Leclaire and M. Defournaux, unlimited. These two receive 6000 francs (240l.) per annum each M wages of superintendence. Of the annual profits they receive half, though owning two-thirds of the capital. The remaining half belongs to the employe's and workpeople; two-fifths of it being paid to the Provident Society, and the other three-fifths divided among the body. M. Leclaire, however, now reserves to himself the right of deciding who shall share in the distribution, and to what amount; only binding himself never to retain any part, hut to bestow whatever has not been awarded to individuals, on the Provident Society. It is further provided that in cane of the retirement of both the private partners, the goodwill and plant shall become, without payment, the property of the Society.