ABSTRACT
The Captain of Industry is one of the major institutions of the nineteenth century. Considered as an institution, then, the captain of industry is the personal upshot of that mobilisation of business enterprise that arose out of the industrial use of the machine process. Industry and business gradually split apart, in so far as concerned the personnel and the day's work. The industrial arts are a matter of tangible performance directed to work that is designed to be of material use to man. The realities of the business world are money-values; that is to say matters of make-believe which has the sanction of law and custom and are upheld by the police in case of need. So, by force of circumstances the captain of industry came in the course of time and growth to be occupied wholly with the financial end of those industrial ventures of which he still continued to be the captain.
