Maximum Production in Machine-Shop and Foundry

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1911. Excerpt: ... Chapter VIII SCIENTIFIC MANAGEMENT IN THE FOUNDRY T P the result of the recent rate hearing be--fore the Interstate Commerce Commission at Washington does nothing else beyond placing squarely before the American people the matter of a better and more scientific corporation management, this in itself can be considered an accomplishment of inestimable value; for the outcome is going to mean but one thing--an industrial awakening which will result in the saving of millions of dollars yearly that are now being lost through unscientific methods in the conduct of business enterprises. The hearing brought out the point that scientific railroad operation would yield an enormous saving, estimated at $300,000,000 yearly. Senator Aldrich is quoted as saying that inefficient governmental management is responsible for an estimated loss of another $300,000,000 yearly. In other words, $600,000,000 yearly in railroad and governmental circles alone--an amount certainly worth trying to save. If it were possible, therefore, to outline for each one of our great industries--automobile, foundry, machine-tool, electrical machinery, etc.--the possible saving that would result from a more perfect management, the amount in conjunction with that already mentioned would result in a figure showing, beyond any possibility of questioning, the absolute necessity for taking such measures as should ultimately produce a nation of more efficient and prosperous industrial undertakings. To the skeptic (and unfortunately there are many of them) the idea of an ideal management is an absurdity, this conclusion being based on the assumption that idealism and commercialism cannot be merged. To those who are of this mind, the statement made at the rate hearing by.Louis D. Brandeis should be careful...