New-York tribune., 1885-02-23
THE PHILOSOPHY or brSWE>S.
rEorrs~pE ADLER ri,. C.-rs THE CAUSE ANp
REMEDIES oP COMMERCIAL DEPRESSION.
pr.L.--nr Enllx AIInr. ~ (MIchcIlng ILlLL

pr.rrS>nu ADLER pi,. C.--s THE CtrsE ASp
nr.rprI. oP COMMERCIAL DFrEis~IoN
Professor Felix Adler, at Cnichcrng Hall
r..f,-t, r.arus spoke ou Tl, trur principle OF nl,i
mes. li,," II. -I. "Couu..rriu immortality i often
o,rl.fltd / know ma.} merchants who's" eAcr.l"ut
character f. tho d4.-- result of their business training
Bit .lch m.u aye un, numerous H- Ne could wish.
h.-, thr tr,c principle of business LIE ia ssl l.il.
re.,..k,.I. mon go into Juslrc-. simply 70 r'b" a
fortune Ti,y 81, tAlt ury la'Hd 1'i'rrrri TO -l"ui
t..r money ln philanthropy; bIt n they would sn!"
their nu,inr., by the rtgat priuci'.e. most "t thrr
philanthropy would be- unn'c'ss'ry What = this
rrucrirt ~ thai of rcudrr'a service to him1nli'
Tl. accumulation of f,rt1nc b. 10 MOE, tAr object o
busuc,- ..fc than of professional lie. Tho judge.
the -i.',.uan auI thr religious teacher receive Pay
brt n We Thought tho cicf cud ~ their work was To-
MAJ. money uc should jcrpise them. Tho business man
should vors iu the -lm" Nay.
Il h,,. uo sympathy With the coi4m .ai,tic cry Of
cquai.t, of wage, There must ue rr.dltou OF ser
yl,,. amt th r,tos of rewards. Intellectual Mborefs
nod moro money than pck-Iyc swim 'r4. FOR 'h"y
ul-t have books, 'P3'r' ana --'." ''h, Wl' 'N'u
thr ltt'I -hoGd ht.c such au income ~ WIZ 'hib!c
th,n render good -cr,Ic" ana to p,-r-- IN essen
81 human comfort. Tho prt.rnt law ot demand nud
supply is hlriu"u' " p"t' men on = l"r WIN
po4toc. forgetting hat human labor uh X" dead com
m0diilc-. connected with - human soul L''r5 one
must Hc'np"icd-" that me present >'r 'I ''i'h'T'
anil me industries uu-aflr'ory; something r. wrong
somewhere Ca, man iay- H. lame on me 'Hu 1p1is,
another the rucutton- oi me money -L'niFdi b"t
a! a.trr that the chief cause is o'rlpiUdle'l"n Bui
explain 70 mo Why the Ierod.o of .oci.l'i 9''rpro-
,u.tou are periods or the gcatc-t distress. meet
man VIII ht- coat. and sly: Wy Io"i fellow 30"
Is 10 that you c.uno. et Hcotf Accoriius b" ;"u theory
b.. must rcpy / suffering from oyrrpo,lnctlon
There have boon many COATS produced tht con not
buy one" The real trouble J. not ihat III" Wupnt "t
couo little. u tuo grt,t but that the number ot people
who Al affpi huy them l. too small Inc remedy
for thi. II -i. les IN foreign marAe'7 Hence inc
commercial policy oi u nations abpu which We icad IN
every uaprr: The nations trying 10 hul vent ror
their surplus commodities IL Is tiuc 20 t-a II IN" Iome
market 4 really exhausted Congo cohicitu'c1 ana
dynamite out1agcs have real connection; they -ho"
that while ono class l. trying 10 hui mari ior lis
rood. another ctss (. suffering Tor tho lack or these
.Amc goods. I think tho colonial policy unWlSe even
in ftrrnl uoint view; 10 must lead 20 cOtpr, of
or civilization. We ncri Ia enlarge thr nome market
lc the purchasing power ot the common people %
opcrai.nlas always fascinated mc because II aldS tHc
work ngInun and emphasize thr tnr Idea ot me ner
chants hfc by nIakng him -a.ieI oc!hl whose dHty
II i 20 serve the community IN the d-tllhuon ~ com
moditics know that all advance must Oc Tow Steps
mu-i be taken such the establishments u loan ana
credit bnnk. Industrial schools and the larger taxation
nf nhcrit.nccs But the changes are IN the AR ana
must come. Socialism In Germany, AhaichIsm IN
France Nhilsm IN Russia nrc but different name, io
the thinG Europe stands upon Iyi'"io. anu @ We
United ttes can hardly hope 20 escape the sam" l
II We will not undertake reform voluntarily We >hd'I
have common sense ami justice Knocked into our
leaH