Curru'll UiKV iMtv L ilu TS 156. D84 Trio principals of induslri.il ii).in,iqt.'mrnl. i':)j-i [){).' :-\H S.l Digitized by Microsoft® THE LIBRARY OF THE NEW YORK STATE SCHOOL OF INDUSTRIAL AND LABOR RELATIONS AT CORNELL UNIVERSITY Digitized by Microsoft® This book was digitized by Microsoft Corporation in cooperation with Corneii University Libraries, 2007. You may use and print this copy in iimited quantity for your personai purposes, but may not distribute or provide access to it (or modified or partiai versions of it) for revenue-generating or other commerciai purposes. Digitized by Microsoft® The original of tliis book is in tine Cornell University Library. There are no known copyright restrictions in the United States on the use of the text. http://www.archive.org/details/cu31924002748543 Digitize by Microsoft® THE PRINCIPLES OF INDUSTRIAL MANAGEMENT Digitized by Microsoft® Digitized by Microsoft® THE PRINCIPLES OF INDUSTRIAL MANAGEMENT BY JOHN C. DUNCAN, M.S., Ph.D. ASSISTANT PROFESSOR OF ACCOUNTANCY, treiVERSITV OF ILLINOIS NEW YORK AND LONDON D. APPLETON AND COMPANY Digitized t>i'9^ksoft® Copyright, 19Z1, by D. APPLETON AND COMPANY Printed in the United States of America Digitized by Microsoft® THIS BOOK IS DEDICATED TO ITS TWO MOST INTERESTED WELL-WISHERS- MY PARENTS Digitized by Microsoft® Digitized by Microsoft® [...]... river, formed by the union of the other two, flows through one of the richest valleys in the world, and affords a natural highway for the distribution of iron products The development of the Ohio Valley has also been hastened by the presence of gas, which supplied the most perfect fuel known for the mere cost of tapping the ground After the Civil War, the great extension of railways through the West made... methods of making of entries in financial statements therefrom of more than the books and the drafting He should be able to appreciate the kind of information which the needs, management and the extent "to which accounting records can gather the various types of information The book is written to give both the accoimtant and the general student of business a brief presentation of the underlying principles. .. THE PRINCIPLES OF INDUSTRIAL MANAGEMENT The equipment of the plant provides shelter for the employees and the tools, and also supplies mechanical means by which the raw materials can be changed into salable products On the organization and management of the plant depend the owners' ability to utilize to the best advantage their raw of the men they employ department makes an outlet for the goods successful... ; — — — —A 317 Digitized by Microsoft® LIST OF ILLUSTRATIONS FAGB Map of the United States Showing Value of Products of Manufactures per Square Miles in 1900 of the United States Showing Distribution of the 7 Map Population in 1900 of a Portion of the City of Philadelphia of the Carnegie Company Plants of the United States Showing Properties of Subsidiary Companies of United States Steel Corporation... to another? world-wide reputation? The prosperity of an enterprise depends in general upon four factors The economic environment The equipment of the plant 3 The organization and management of the plant 4 The selling department The economic environment provides convenient situations which make possible the cheap production and profitable 1 2 disposal of the good|,^g,.^^g^ ^^ ^,.^^„3„^ 3 : 4 THE PRINCIPLES. .. certain localities in the United States The Industrial United States includes the section north of the Ohio Eiver and the Mason and Dixon Line, and east of the Mississippi Eiver, with smaller sections like the Birmingham district in Alabama, the Pueblo district in Colorado, and Kansas City in Kansas and Missouri The distribution of industries from the standpoint of the nature of the industry, shows that...PREFACE The writer has long felt the need of a scientific treatment of industrial of affairs, Hundreds management in our schools and and of young men are now colleges intending to engage in the world it is exceedingly important that they gain a clear conception of the principles underlying the successful conduct of industrial enterprises The material in this book is gathered from many sources... treated? shall the labor force be shall the shall we determine the efficiency of our equip- ment? 10 How shall the goods be distributed to the consumer? This volume will confine itself to the discussion of the industrial problems, hence it will consider only the first nine The tenth is so important that it of the above questions can be adequately handled only by making it the special topic of another treatise... element in the cost In 1852, there were shipped from Marquette, Mich , six The amount was insignificant, but barrels of iron ore.* 1 "An Outline of the MetaDurgy of Iron and Steel," Humbolt Sexton, 2 by A p 146 "The Honorable Peter White," by Ralph D The Penton Publishing Company, Digitized 1905 by Microsoft® Williams, p 57, GENERAL THEORY OF INDUSTRIAL LOCATION wa» the it 13 forerurinor of tme of the nio«t... rich deposits of iron ore, coal, less ; 1 Cf Tenth United States Census, Statistics of Manufactures, Iron and Steel, p 118 Digitized by Microsoft® THE PRINCIPLES OF mDUSTRIAl MANAGEMENT 12 became known the world over as the Iron City Indeed, the great demands of the railroads for rails cansed eastern managers and proprietors to start plante west of the All^henies In the early nineties the Lackawanna . of the underlying principles of the sci- ence of management. In teaching the subject the writer has found it exceed- Digitized by Microsoft® PREFACE ix ingly helpful to the instructor and profitable to the. restrictions in the United States on the use of the text. http://www.archive.org/details/cu31924002748543 Digitize by Microsoft® THE PRINCIPLES OF INDUSTRIAL MANAGEMENT Digitized by Microsoft® Digitized. have knowledge of more than the mere methods of making entries in books and the drafting of financial statements therefrom. He should be able to appreciate the kind of information which the management needs, and