(1) The first step toward an amelioration of our crude and unjust industrial code is to awaken the public conscience to protest against the evils we have enumerated.  Publicity, pitiless publicity, alone can lead to redress.  These large- scale, impersonal sins must not be so nonchalantly tolerated; instead of applauding and envying the shrewd financier who rakes in unearned profits by clever manipulation, by unscrupulous use of inside information, and disregard of the welfare of workers, competitors, and public, we must brand him as a selfish scoundrel, turn him out of the church, ostracize him in society.  Such a man must not be looked upon as a successful businessman any more than a pirate is a successful trader; success must clearly imply obedience to the rules of the game.  Taking all that one can grab without punishment is a reversion to barbarism; the unscrupulous magnate is morally no better than a pickpocket.  And these men are, in general, responsive to public opinion; it has effected rapid improvement in some points in the past few years.  Just so soon as the community conscience is aroused to the point of a general condemnation of industrial robbery, it will cease to flaunt itself so boldly, and lurk only underground with the other furtive sins.

(2) We cannot rely wholly upon the force of public opinion, however; the law must be ready to check those who are insensitive to moral restraints.  One by one, the paths of evildoing must be blocked.  Especially must the law learn how to punish corporations, which have been the greatest offenders.  At present the stockholders throw responsibility upon the directors, the directors upon their managers, and they upon the subordinates who have personally carried through the evil practices.  But to punish these subordinates is ineffective, because they have, in general, little money wherewith to pay fines, and will be ready to run the risk of imprisonment for the sake of pleasing their superiors and earning promotion.  If they are imprisoned, others can readily be found to step into their places and higher up.  It is these superiors who must be held responsible for acts done by their subordinates.  If they realize the risk of punishment falling upon their own heads, they will see to it that illegal practices are discontinued.  It will probably be necessary to hold directors responsible for the conduct of their managers, and stockholders for the character of their directors.  It will then become the business of owners and directors to watch out for lawbreaking and to put men in control who will keep to fair dealing.  This will put an end to the easy assumption of the directorship of several corporations at once by men whose names are wanted; directorship will be made to imply actual attention to the affairs of the business.  And the stockholders will take pains to elect such directors as will not incur fines for the corporation that will lessen their dividends. [Footnote:  For comment on this matter, see Outlook, vol. 88, p. 862.]