Samuel B. Pettengill Quotes
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The successful producer of an article sells it for more than it cost him to make, and that's his profit. But the customer buys it only because it is worth more to him than he pays for it, and that's his profit. No one can long make a profit producing anything unless the customer makes a profit using it.
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War - after all, what is it that the people get? Why-widows, taxes, wooden legs and debt.
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I have a feeling-as compelling as a religious conviction-that if industry will constantly pass on to the worker and the customer all the savings of labor-saving machinery and invention, rather than siphon them off into the pools of watered securities, it will by that process keep distribution and production in balance and go as far toward Utopia as our poor human natures will go or be driven.
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Samuel B. Pettengill
- Born: January 19, 1886
- Died: March 20, 1974
- Occupation: Former U.S. Representative
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