, 1873-08-04

btt, as tioHo otller employers thus fall short Of
WORK @ InF tlo amount Of M mon they have employed,
amount Of work Tint has boon talcn away for,
Of conrBc work for 6, 900 will only employ 5000,
ana II THO co-oporativo aocloty employs, 1000,
tho employers will only employ 1000. Ono
lowing tho possibility Of doing this for tho salso
Of tho argument; would tloro not still 10 CONF
petition If tho ontiro ,000 mon woro to bo-
% 0F agsno own om'fs would a there s,n not s
afsa o2esa ua sa ,aa1s as s sy e %saa saes 5s
declared: that, whom oompotition, and the owls
aslaing from 1t, arc present to such degroe aB
It. Whom tho supply Of Labor is groator than
the donand, wages .m,lst and will come down.
'ye must have something that will balauco sup
ply and dnmand' .,,u,n,.n,.,,
Is noxt put forward as mems to assist labor-
crB that H., 1t proposes method Of adjusting
quarrols that may arise bctwoon tho employer
and e1nptoye, but docs not propose to provont or
do away with tho cauHo of these quarro1s. Arbi-
will not remove tho cause Of disputes until
that DO douo, we shall always DO sub|cct to
thon,,
THO way is now olcar to begin with mn inyestt-
CATION ne to Wlnt cnn bo llono 10 nut Capital and
EN- RAPPORT WITH EACH OTHER.
Nothing is valuable until 1abor has been be-
atowod upon it, OF unloss labor would have to DO
givon to reproduce it. Wealth il the roBult Of
Labor, or Ii Labor in crystallizel form. Whore
wealtl-euch as mills, tnaohinory, railroads, eto.
-is employed to produce moro woalth, 1t ia
called Capital: Capital. being then the result Of
tho Same laws ~ Labor, namely:
SUPPLY 4 DEMAND;
and, II subject to tho Hamo 1aws thon subject
to the OWLS arising from M unsettled condition
Of thon, such as competition aud luctuatiou Of
prices, ,-honcc, to an unsettled condition Of
bualnegs and uncertain profits. It would be-
natural to SUPPOSE TINT as much trouble existed
in tho Capital-markot Oh iu tho Iabor~market.
But. as we DO not SOC any evidence
Of 1t IN suaSn eon,Pna Pan' 81 "hoesso snt s' IT.
capitalists TO provont another selling goods
Except down Eaat and thon only againRt
tue forclgncr), 1t follows that thoy have found
somo means Of protecting themsolves. What is
it2 Tho plan that aids Capital
MUST AID LABOR;
tics.
Capitalists began by organizing Boards OF
they know; and they sot themselves to the task
Of finding q moans to balance supply aud do
mand, aud keep them balanced at all ti1nos. Wo
know that tho price OF an article Ia good critic
rion Of the supply aud demand IN TIC market.
ticlos OF merchandise In different parts Of tho
country would afford good moana Of judging Of
the stato OF tho market. Ii, added to this, IN
account Was given Of the operations of leading
mercantile housos, together with q synopsis OF
tho general business dono In the market, such a
aheet would form q complete index Of tho
state Of supply and demand. No man will MAUI
ufactura or hcll goods when prices aro 80 low
that It coases to pay. whom prices will reward
the labor it will bo his interest to soil. When,
therefore, ....
a rn1oE-11sr
fs furnished him, ho will conform his business
to tho state Of tho market. Whom supply is u
excoss, and prices down, ho will cease to sup-
ply !; whom demand ie good, and prices fair, he
furnishing iii engaged n trade, farmers, man,
ufaoturers, aud merchants, with such q prico-
list, their interest will force thom to keep tho
supplies aud demands balanced. THUS is tho
object accomplished. The Boards of Trade
have devoted themselves to tho task Of colleot-
ing those prico-liBts, and such other information
aH may be uBcful to commerce. and furnishing it
to tho public prssB, whore, uuQer tho sitle Of
COMMERCIAL REronTs,
1t occupies ono-fourth OF its columns daily,
| forming the most important aud useful article
corn as example, to illustrate tue character
! and uso Of those report8 You will find the
pricos of tho differeut grades; the amount on
hand, tho amount shipped in and out Of the city,
| consumption, during tho past twenty -four hours
| @ statement Of general business done; prices
offered Tor corn to 30 donserod At dates varying
from one TO threo monthsi comparative llss OF
prlcoa at corresponding uates laas year, poslues
reports Or tho other important markets in tho
gnitou ssstos ana d 1,a Europe: Iho farmer kaoWa,
t!!oagn nnnarea mlies s,a away, ne eIGto OF tlo
marKot oy glance at t9la report. Havlng corn
to hel, II TIE prices are down, by reason of tho
!eree qliant1ty Of corn nm N tne maEkot. no Wy Wait
ior raise; Ihat Is Just what is desired OF nm,m, ~
to wait until M tue excessive supply works on His,
without thia knowieuge 1a.. to warn hln, he might
snip at ramon, Rlus tno market, 10 iosor nm,
sell and tho cause Of LOSS to others; hence, gu
parties arc Interested IN keeping him correctly
Informed OF tho state OF tho markGta. When
tho price Of corn IN any part OF tho country
rlsos beyond The price IN uhioago plus shipping
expenses & L. WI pay 20 seha -, IL ihore tor ens
maagn Ino M tShor's r Reep tno meEcnant t ,nlo.no
will noon 10 supplied, md tho balance restored.
Monhrchs study to preserve tho balance OF pow
or; merchants
TO PAEsEhfE TfR BALANCE or TRADE.
Inc merchant, LOOKING Tor the cheapest mar
ket to buy goous IN, consults the reports. Thc
farmer or manufacturer, Wishing tho best to sell