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was the beginning of the ideas of social justice - you ought to do it; it's something that's an obligation.

Nelson had been sent to Harvard. I think he took one year, or part of a year, at the Harvard Business School. He imbibed there some of these new conceptions of management, personnel services, and a new idea of treating the help right as a technique of improving not only production, but quality, of stabilizing the industry, and so forth and so on. He had been a prime mover in the formation of the Cotton Textile Institute, which was an effort of the cotton textile manufacturers of the better type to analyze their own economic problem, which was very, very serious. It was the most depressed industry and the most difficult industry to deal with, as it depended on so many factors over which they didn't have complete control. For many years the cotton textile industry in New England had made a lot of money out of trading in raw cotton. The cotton factors were largely located in Boston and the great cotton market was Boston. The textile manufacturers had regularly made money that they didn't make on the manufacturing by their trading on cotton, cotton futures, and selling cotton on the world market. That, of course, was one of the factors in the confusions of the cotton growers. There was a very close and intricate relationship there, because the trader's