THE AMERICAN

JOURNAL OF SOCIOLOGY

VOLUME II I

MAY, 1898

NUMBER 6

Fie. i.-GENERAL VIEW OF FACTOR V AND EMPLOYES

POSSIBILITIES OF THE PRESENT INDUSTRIAL

SYSTEM.

MR. IliKiiixi M-IACER, at the close of his treatise on " Industrial Institutions," which forms the last section of his third volume of /V/V///<\j of Sociology, the capstone of his mon- umental work, comes to the following conclusion concerning the desideratum in the industrial world: "It must be admitted that tin- practicability of such a system depends on character. Throughout this volume it has Urn \ariousl\- shown that higher types of society are made possible only by higher types of nature ; and the implication is that the best industrial institu- tions arc possible only with the best men." Such a statement is significant, not only on account of its position as a conclusion of a work thought to be the In .poncnt of modern matcrial-

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