ment. It is a casting out of business men hy I the chief of business men.* __
The theory of business enterprise sketched above applies to such business as is occupied with the interstitial adjustments of the system of industries. This work of keeping and of disturbing the interstitial adjustments does not look immediately to the output of goods as its source of gain, but to the alterations of values involved in disturbances of the balance, and to the achievement of a more favorable business situation for some of the enterprises engaged. This work lies in the middle, between commercial enterprise proper, on the one hand, and industrial enterprise in the stricter sense, on the other hand. It is directed to the acquisition of gain through taking advantage of those conjunctures of business that arise out of the concatenation of processes in the industrial system.
In a similar manner commercial business may be said to be occupied with conjunctures that arise out of the circumstances of the industrial system at large, but not originating in the mechanical exigencies of the industrial processes. The conjunctures of commercial business proper are in the main fortuitous, in so far that they are
' Se« Beporl of the Industrial C'ommiteion, vol. I., Teslimouy of J. W. Gates, pp. 1029-1039 ; S. Dodd, pp. 1049-1050 ; K. B. Roger*, p. 1098 ; tol. XIII., C. M. Schwab, pp. 451, 459 ; H. B. BuUer, p. 490 j I.. B. HopUua, pp. 348, 347 ; A. S. White, pp. 2M, '260.
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