ABSTRACT
By way of general premise it is to be noted that the established order of business rests on absentee ownership and is managed with an eye single to the largest obtainable net return in terms of price. The business concerns which so have the management of industry on this plan of absentee ownership are capitalized on their business capacity, not on their industrial capacity. It is doubtless within the mark to say that, at an average, one-half the price paid for goods and services by consumers is to be set down to the account of salesmanship-that is, to sales-cost and to the net gains of salesmanship. The vested rights of absentee ownership are still embedded in the sentiments of the underlying population, and still continue to be the Palladium of the Republic; and the assertion is still quite safe that anything like a Soviet of Technicians is not a present menace to the Vested Interests in America.
