, 1875-07-24

nstnce tho reduction Of prices Ia effected at tho
n1renbo or wAsto Of capital. aud that tho gcrcr-
Al result, III sla:o tt being gam, III ono uf the
wo1bt e7onts tint can happen 10 community.
Thus, tho flint effect Of creating an oxtrhnrrIa-
" domestic demand IA 10 t,tcreAso prices, H3iic IN
turn Affords largo profits ~ .EIosa In ponrchhiou
Df stock on hand Or Of tho machinery ii p,u-
1uction rnady fur immediate hclvlce. TLs ptUH.
poet nf tho realization ui largo profits ne1t i'm
tenptH uthoEa to engage IN the fA,no
blsncl, Ut productlon-in many casch with In
sufficient capital, ami vItlsnut that trasti-
cal knowledge Of tito details OF tho un.
essential To hecuss BcccBs. A pro-
ductioli Soos on, supply gradually tecoincs
efIntl 10, and finally in e1cesn of demand. Tho
produecrs working oD insufficient capital or with
Insufficient rkill arc sW,n Ohllgol. III order 10
products, TO force sales through a reduction OF
prices, Ani tho otherd, In order to retain their
markets aud cNstoneEs aro soon compelled to
foltnw Their e1anls. THIS, III turn, liz followed
by new cancostions alternately by both f'Artlea,
Which aro accompanied by tho usual rcAoFt ri
turning out articics ur prohnc.a Of inferior quail
ity. hut nith all external Boul sppraT1n ,0-klato
9eiul' suthsitnted in place ol coal; Glider III
place Of iron; niMldy in place Of WOOL ntarch
md eizIug in tho place Ol cotton; pAsteboaru In
I'll. manufacture Of boots aud AiIIca III tho plnca
0f leather; md clay in tho Manufacture of paEer
III tho place of iibre Aud HI Tho work OF pro-
tuclion gues OF. Until gradually tue wi,ole
Industry becomes dopleAAed and &cnornliZcd,
n"a .uo "eaAGa ltII llouusu's '"..u'np' n'su u
stea.al y. 'ess 1en.. ~ .a!.a' hsa'i "ahte
minimum u dolTeaaon, recovery SLOWLY cum-
aellces, LUG iI,. ,nssmaa' -, ~ @ ..,u eoss ea'AeS
co';fan!o y" E" ~, II. ~
aware Of tho fact that lhe supply las al! At
bccumo uucqtlal to the duinand. Ihcn tlo~o Of
us 'er VIZ entcr pnon snncr nrrnI ~
.es n,,.a,. .r,iu rn. t,' ~.
hus:ss ~. 1 srn.risco IL n,,ai,, n,"i
t .ar,,antoI snrh isa Lon, Mn I;.tory ~
aea'n iss iGneao u'il ~ I'm n;,a, VIZ ,,1s ~
.tao nv H. nt;o,r,, tn -o,trict Ma fr.odnn,
~ ~ sr.de hy h,rl, Jit,es On i'm, or,s
~ 1,.1;fa ~ ,,1 ~, i, o,t. III tht - ~
fcct ~ tI,e Wnr ~ lsGi-'G5 IN ,,ro = f,mi,,r
a.n,cs,,on' @ i Ina .,maps l,eon o,thrT :. h" 81.
dm.try Of tho co,,t,trvA-,,n ra,'liIn cn,Irn m 'r
ats l.;tr Wn,t to ',en,,ia i,avn cu;,,cI NJ NM ~,
tir,o f,Sr, Ion rr,'a. ~ ron.',rnr. Inv ~ ~ ~
,naro thsn ,osr n. ouoime, ir TIN rcc,,r,cuc. f
c,tro ra1c, ou,, t,cv hsvc ~, inst No. 1r,,,,,.
ccrt nv nrro3lcnJ n,,rnnnsous of in,lnhtrY. rnaa-
,n,,c rc'tnrtinns nf r.rcs nni aa,,r"ss,n, ~
..,";,,a. Niao..,,na ths H., ,tn .9,,,,,,s,.
frnn tes,r,,'.,n,, nf cau,,a} and .in wasin Il
,n,.n,,,,i;ratinn M ist,nr I,,s hcon ,o,nn,f,nr
.s,t ~, ,,,o ~, ost bn+ -, ,.t,i'.,,
ALA tMl,,str,ai ieurus.on ~ Iii, county n,,,s,
i,o Ho's s,trihns,I 0e1'0''oD ~ s10 ~@A'' t-'''
.,rs ,,+,,.,,,.a rnorrrr,o>, ~,
LAMB As1AoLtH1H" rAolfH'los aLeEasAhiLS
a, oho ol inc ehsenGal atsfiI't"s ~ }ast law IL
snh. ~ oears eI"aats loi ~ soJaaea W ~ ~
uuence ntlu II "o"!u ahu sseln c'eAl tnat tne
genera! onss. " ~. un!usslh" tu'os',ie Iso'eSt-
l'o aa'1es 'nust, u utuot " ~ eAeetlVe' pe
partial anu dsctlm!hatins ana' t1e!elote' u''-
eIiat snu llHJan. toE ~" eou!u " oen'rea
ms Sslu ~, anua aa. ~ 81 I'
~ fan nt imtarst ~ na.;,'' svnrv,,in, ,oia
tiraI. -. ha1n-o. ~ i. AHA ,rn,aa H. ~.
tnnp 10 - n,n,scs -, ,.vnrxtj'nn whit ro.,st
- ,,.n,s,, ~ ~, oti',, '""s "'su ,s"u,t
H. t.,..,a ~. ;'.1',,,G ~
1"' -. ',,n. ~ a''eo Hou .u!. ~
H. a.;,';,;, H., !. ~ dl'a1t.;
- H. tnna j. n"s "s tu m e1i;ukou
os,a mi ,ho inat;nct;vo rnSnit n h,',n.a ,s.,,to
ono',,St iana, ,rn,'n snd nnrt;nii,r no,,t,.,o
ttna." ~ s,ot;Iift,. 0a ~.
,"a,r,. ti,. 1a, Live a.tnhvs s,.n,oa, ~ i
thEn,'. ous .U .sa. @
,s.t, ~ s.,d;t;a.s 6i it,a,,. 80 i nI LIZ, n'u
aapes 81 H. n spe
~ ~ o@n at%a. ~ s a,,o ~ tl,n
,1a,'t. T., ai,.,f ~ t-aosn - tra;o t1at +,
..i'a aor I,,o, - ns..,- t.Tass .a1
,uuAeo sfotJ p!A'en - inu4n.ts liuv ~! "