on which progress is made.

This book is written for the progressive young man as well as all
those directly or indirectly interested in industrial development.
It is at once a text book and a reference book, for, as a workman
or executive advances he will find need of information on many of
the points herein set forth.

If the book has no immediate interest to you, please pass it along
to another.

Faithfully yours,

[Signature: James Hartness]

_Governor_.

FOREWORD.

The purpose of this book is to indicate the natural way to
increase our industrial development. To accomplish this there is
set forth an outline of an industrial policy. This policy relates
to procedure and methods for starting and managing industrial
plants.

It conforms to our economic conditions and offers the safest and
easiest course.

While it is written to create more desirable industrial
establishments within the state and to increase the vitality of
the existing plants, it is distinctly a guide for the individual,
for it facilitates the progress of the man as well as that of the
state.

It is a practical policy that stimulates and energizes the
industrial spirit and at the same time, directs our energies along
the easiest road of progress in personal and state development.

It sets forth certain fundamental principles that apply broadly to
all activities, but specifically to manufacturing and the means
and methods that must be employed to win in the industrial
conquest.

To the investor it provides the best measure by which he can
estimate the economic soundness and prospects of an enterprise. It
gives confidence in right projects, making money available for
things that are right, and reducing the hazard of investments by
eliminating the badly or indifferently managed organizations and
those founded on unsound policies.

To the men in an organization it is also of great value, for by it
they can estimate their own prospects for progress. They risk not
only their earning power but their chances for personal
development. Their chances in acquisition of high degree of
ability and in advance from position to position also depends upon
the policy of management and success of the enterprise. The loss
of opportunity of any of these men really transcends the loss of
money, for it involves the loss of personal development and all
that that means.

It is obvious too that the management of each organization will be
of a more suc