The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1885-01-22
nusrS nss DEPRESSION.
Paper Read Before the Business Mems
Meeting Held at the Assembly Room
CITY Hhl Canton, On January
IAN hv Al ~ U.u

Paper Read Before the Business Mems
Meeting Held at the Assembly Room
CITY Han CautoD, IN January
i3'h, by N. 4, Fry.
Business deprts lions have existed and
always will, aud what good will II do
you 10 talk about them, fOT when you
are through you are where YOU were be-
fore TITS was the situation | met
with when | approached one Of our lar
Rest man ulactnrera for statistics to
prove that manufacturing az we'll as
other trades WINS depressed. Suppose II
does no good, aud taat wa are wi ere we
were before, when through talking,
shall VIZ always suffer tn 80 depreR-
siObs without II Qnirlng the cansep IL
there no knowledge OF economic forces
we can gain by a discussion which we
can Apply TO anticipate future depres-
siOn-p Or shall we 10 on ever unpre-
pared, ever t0lerating the cause which
brought with 10 worry add mlseryp
never learning the lesaOna OF the paStp
ARE WE sUFFERINGY
Let me SEE; ard to DO brief | will
pOlnt, first TO the iron industry, al
most wholly suspended, no need TO name
special establishments; next In impor-
tance Is the cotton industry, depressed
almost M ha lily M the iron; next IL tho
wooden industry, In the same deple saed
state, and 30 on almost without excep-
ton, depression rules the hour. Those
manufacturers who have not suspended
have ril her cnrtailed the working time
OF tier hands, or have reduced
the wagrs, On inquiry | mud the
depression In our city affecting
all stabli' hments with perhaps one i'm
pOrtuht aud a few minor exceptions,
N0ne maintain the n%OurlshlDg show Of
thrift OF 1883, except the bridge worke;
a third, u Attn, "a tenth, are common re-
du tiOns Ia their output. The snspen'
sion and curtailmebt affects the ciIcu'
lating medium TO the amount OF 100000
per month approximately stated, and
depriws OF employment ut least ] 200
artisans ard labOrera, Estimating three
persons dependent on each OF these, you
have 1880 OF our inhabitants who are
without any Resource whatever, and TO
whom the recurrence Of the time Of
month when pay day ehall dawn, ex.
perienca no feeling Of qualification or
plea ure, The absence OF 100000 per
mouth IN a community Ike this would
not he peTcep ibly felt for q single
month, hut when the absence continues
fur, or may likely continue Ave months,
all trhdpsmen must suffer- especially
those Engaged In retail trade. In this
dppirtmNuJ the volume his not BEEN
curtailed 80 much ~ prod q, although
And eases where IL has decreased n half,
a third, n nth and a tenth, But the
universal complaint Ia short proala,
which confines and restricts the opera
tious aud forces economy from motives
II nee rslty rather than choice.
PROFIT 10 THE ATTRACTION
Which draws mou 10 trade, " IL The In.
cfca y IN value Of crude materials after
they have left In" ltO0rerH' hanha. bni
must be- the ultimate object sought for
BY every ndiyidual trader; whether the
product he dlsp ses Of ~ the accnmula'
ton OF his own labor, or that OF
Il hunter OF wOl kmen or whether II IL a
nation regulating It's commerce In the
interest Of Its inhabitants, II Ia for
profit, aud It's enjoyment for which laws
regulating trade are promulgated A
system Of laws inaugUrltld by the peo'
pie, can not long exiat, whom II IL
shown they prevent the fullest enjoy.
ment OF The returns Of labor, when they
interfere with and curtail business
operations, aud that they unjnsty beaI
upon the largest class Of our citizens,
Such laws are now In force collecting
the revenues OF our country md when
you know The amount exacted you may
we'll ask for relief. For the four years
ending June lst, 1884, we paid In all
kinda Of taxation.