rial ▁Econom y .- S itu ation ▁for ▁an ▁Est ab lish ment .- ▁Ne igh bour hood ▁of ▁rivers , ▁streams , ▁& c .; ▁rail ways , ▁towns , ▁and ▁coal ▁p its , ▁supplies , ▁situation . ▁ ▁Division ▁of ▁Work . ▁- ▁Its ▁great ▁advantages , ▁means ▁to ▁obtain ▁it ▁advantages ▁and ▁dis adv antages ▁of ▁large ▁concerns , ▁conditions ▁of ▁fixed ▁and ▁proportional ▁exp enses . ▁ ▁Work men .- ▁Cond itions ▁of ▁eng agement , ▁duty ▁to ▁them , ▁Conseil ▁des ▁Pr ud ’ h ommes , ▁benefit ▁soci eties , ▁work men ' s ▁cities , ▁food , ▁schools . ▁ ▁Mach ines .- ▁Their ▁influence ▁on ▁production . ▁ ▁Management .- ▁Prof it .- General ▁formula , ▁influence ▁of ▁fixed ▁and ▁proportional ▁exp enses ▁on ▁the ▁profit , ▁importance ▁of ▁the ▁quantity ▁made ▁. ▁▁ ▁F ixed ▁Exp enses .- ▁Formula ▁of ▁annual ▁dep reci ation ▁of ▁the ▁worth ▁of ▁buildings ▁and ▁mach in ery , ▁advantages ▁of ▁self . act ing ▁appar atus , ▁purchase ▁of ▁machines , ▁bo ilers , ▁sh aft ing , ▁& c ., ▁exp enses ▁of ▁management , ▁rep airs . ▁ ▁Pro port ional ▁Exp enses . ▁- Ad v antages ▁of ▁large ▁capit als ▁. ▁ ▁Labour .- ▁Pay ment ▁to ▁indu ce ▁work men ▁to ▁do ▁more ▁or ▁to ▁do ▁it ▁better , ▁piece ▁work , ▁pay ▁in ▁mines , ▁work sh ops , ▁mill s , ▁books ▁kept , ▁raw ▁materials ▁employed , ▁purchase ,