My father offered them the use of his factory, his machines, and his raw cotton on the following conditions: They were to work long and hard, early and late, to add fresh value to his raw cotton by manufacturing it.

Out of the value thus created by them, they were to recoup him for what he supplied them with: rent, shelter, gas, water, machinery, raw cotton--everything, and to pay him for his own services as superintendent, manager, and salesman.

So far he asked nothing but just remuneration.

But after this had been paid, a balance due solely to their own labor remained.

'Out of this,' said my father, 'you shall keep just enough to save you from starving, and of the rest you shall make me a present to reward me for my virtue in saving money.