Document ZnNDLzxjZr3pLaQ8NQxgj8xEp

Wealth Is a Flow, Not a Fund tl4 (18)) I mw a dramatic illustration in the Middle West a tew weeks ego of. the economic maxim that Mwealth is a flow, not -a fund." Successful businesses and operations are built by men with dynamic instincts for ihe flow of things. Decline begins when control is token over by men whose instincts are for hoarding and preserving the funds. This stops the flow, and the wealth starts to seep awoy. Two plants in the same city produce similar lines of equipment, and both have been in business about the same number of years. Plant A is run by a second-generation owner--a dynamic engineer. HU estab lishment Is a model that brings appreciative amazement from senior engineering students ot the nearby state university, on their annual inspection trips. It possesses all the most up-to-date production tools, the power department prides itself on being the most efficient in that area, maintenance is a masterpiece of housekeeping--everything is shipshape and modern. At Plont B, the manager is responsible to several families of stock holders, who are far too close by. They have charged him with the duty of preserving profits ot the highest possible level--and his efforts to be a good counting-house custodian have Induced neglect In other departments. Results: a rather shabby looking production floor, out moded boilers and turbines that are costing the owners money every day, second-rate maintenance--the general appearance of a place where no investment is being made to keep the plant in step with modern-methods and equipment In-Brs ease, wealth hasn't yet started to seep away, but reputation and ,, standing in the field have. Some years ago, products made by Plant B were regarded as the leading broads by the buyers; today, B ranks third and A has moved into No. 1 spot- Here is the first sign of decay-- the other phases will soon become obvious. . Power engineers should never let themselves be forced into becoming "guardians of the funds"--power engineering Ss too dynamic a force, too great an Implement of progress. If you run a power system in a plant managed by a "counting-house custodian," you've got to start campaigning for a change in his attitude toward your department This means collecting case histories from your engineering magazines and yonr associates of plants where programs of continued Improve ment over the years have paid off. This means plenty of facts on dollars and cents to be saved with new equipment and methods (on which you can enlist the help of salesmen who call os you), which you eon use In a series of memorandums to the plant manager. It means a careful analysis of waste* leaks and dribbles in order to reveal inex pensive ways to save--maybe if you can come up with ways to save several hundreds of dollars, be will let you try to save several thousands. The same goes for oar own personal income: We will never see it seep away if we keep alive our Instinct for the flow of things. / %U<rsfuid Engineer March cant k*P moisture out of your turbine terns in both new and old turbines . . . freedom , 5jv. * lubricating systems, but you can prevent it from rust, sludge and foam . . . normal bearing rt^from forming rust. When a new turbine, for ex- temperatures . . , instant governor response . . . Jrtmple, is charged with Texaco Regal Oil (R fir 0), and extra long oil service life. 3>.'i special rust inhibitor immediately "plates out" Texaco Regal Oils (R fir 0) are approved by ill ^ on the metii. Thereafter, no moisture coo reach leading turbine manufacturers and meet the tur A'lhe metal. Rust gets no chance to form. bine oil requirements of the United States Navy. V`. Rust prevention is only one of many benefitj Let a Texaco Lubrication Engineer tell you fljou get with Texaco Regal Oils (R fir 0)--the about the complete line of Texaco Lubricants for world-famous Texaco Regal Oils improved with every power plant requirement. Just cat! the near finhibitors against oxidation as well as rust, and est of the more than 2500 Texaco Distributing ^specially processed to prevent foaming. Texaco Plants in the 48 States; dr write The Texas Com- Oils (R fir 0) assure clean lubricating sys- pany, 155 East 42od Street, New York 17, N. Y. i ttXACO tui THtATM *,, M tom MAHtlH WOW ,*ry March 1948 `0*. UltaOfOtUAH OPltA VNtwti **T SwwVay lift