Industrials as Investments for Small Capital

In 1900, in his book Corporations and the Public Welfare, James Dill warned that the most critical social question of the day was figuring out how to get rid of the small entrepreneur, yet at the same time retain his loyalty "to a system based on private enterprise"[p.62].⁴ The small entrepreneur had been the heart of the American republican ideal, the soul of its democratic strength. So the many school training habits which led directly to small entrepreneurship had to be eliminated.

"Corporations and the Public Welfare" is the name of a the document which has the speeches that were given at some business conference, where James Dill gave a speech called Industrials as Investments for Small Capital.