Increased  our  capacity  three  times  since  and  will  have  to  do
so  again  in  the  near  future. "

The  number  of  shares  any  individual  can  hold  is  limited
to  one  hundred,  but  a  person  holding  one  hundred  shares
has  only  one  vote  at  any  meeting,  the  same  as  a  person
holding  one  share.  The  profits  of  the  concern  are  divided  as
follows:  Forty  per  cent,  to  capital,  forty  per  cent,  to  labor
employed  in  factory,  ten  per  cent  to  stockholding  dealers,
five  per  cent  to  non-stockholding  dealers,  and  five  per  cent
to  educational  purposes.
The  factory  is  mostly  owned  and  solely  controled  by  the  K.
of  L.  and  is  conducted  by  a  board  of  five  directors  who
look  after  all  the  business  of  the  concern.  All  money  is
controlled  by  the  Board,  but  cash  coming  into  their  hands
is  banked  immediately,  no  matter  whence  it  comes.  Checks
are  drawn  from  time  to  time  in  favor  of  the  manager  for  the
running  expenses  of  the  factory.  The  books  are  open  at  all
times  to  the  inspection  of  stockholders.  The  method  of
keeping  the  books  is  so  simplified  that  a  man  of  ordinary
intelligence  can  at  once  discern  any  irregularities.
"  We  are  running  along  harmoniously,"  writes  the  secre-
tary further, "  and  are  satisfied  that  our  enterprise  will  be  a
success.
"1st.  We  have  a  scale  of  wages  which  was  drawn  up  by
the  employes  and  presented  to  the  superintendent  and  he
referred  it  to  the  directors,  who  looked  it  over,  and  seeing
that  the  bill  was  a  just  one,  signed  it  and  the  shop  commit-
tee of  the  employes  signed  it  for  them.  It  was  copied  and
tacked  up  in  the  factory  so  that  all  can  see  it.
