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He sees competition in the realm of production passing away. When the captains of industry have thoroughly organized production, and got everything running smoothly, it will be very easy for him to eliminate the profits by stepping in and having the thing run for himself. And the captain of industry, if he be good, may be given the privilege of continuing the management on a fair salary. The sixty millions of dividends which the Standard Oil Company annually declares will be distributed among the workers. The same with the great United States Steel Corporation. The president of that corporation knows his business. Very good. Let him become Secretary of the Department of Iron and Steel of the United States.
