ABSTRACT
If no transference had occurred, the portion of the dividend due to assume the form of machines would have contributed to enlarge the dividend in later years. The portion devoted to the consumption of the rich, in so far as it served to make them more efficient producing agents, would also have done this to some extent. First, consider transferences in the form of industrial training to selected persons among able-bodied adult workers. In this class of persons there are always a number who are making exceptionally low earnings, because they are ill-adjusted to the job in which they are engaged, but who are, nevertheless, of good natural ability. Resources transferred to these persons in the form of training are likely to yield a large return. Secondly, one may distinguish transferences in the form of medical attendance and treatment to persons suffering from temporary sickness.
