The great advantage to labor arising out of co-operative effort has been apparent to me for many years.

Labor can and will become its own employer through co-operative association.

I have always been fully persuaded that, through co-operation, labor could become its own employer.

Each individual member of a co-operative society works with that interest which is inseparable from the new position he enjoys. Each has an interest in the other.

There would be no idling in a co-operative workshop. Each workman, being an employer, has a spur to his own industry, and has a pecuniary reason for being watchful of the industry of his fellow workmen.

What I learned at Oxford has been used to great advantage throughout my business career.