Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1894-06-02

vcIopmout Of engineering as % probes
sion bot % is TO the Romans that we must
give the honor Of first materially aiding
the oldest OF arts, irrigation, the
foundation Of the success, uiiuture happi'
ness and prosperity 1l this great western
empire, extending AS it doe tom the
hundfodth meridian ON the east 20 the
Pacific on the west. from Canada on the
north TO Mexico ON the south. and pos.
sessing greater and Erardcr possibilities
of development than any other
part of this country has ever
POSSESSED. Iis inrxhaustablc mine
faI resources clu not be dupIi.
Gated in any other section of the
globe. its variety OF climate. ranging
from mild seml.topicll through all the
degrees of the temperate zone, give TO
10 possibilities 90 the way Of irrigation
development unriyallcd in any other
part OF the globe.
"ll IS mere that the foundation Of a
civilization with irrigation as b. chiei
corner stone has been begun. a civil.
gliiuu where the small cultivated farm
replaces the wild ranch, where ignor'
nnee and want arc superseded 10y intel.
ligcncc and prosperity where crops
never GAIL. where all varieties of Industry
attain 90 their highest possible efficiency.
lu this ideal development of a great
agricultural stock raising, mining and
manufacturing country there are thou
sands OF engineering problems 10 be
solved there are millions Of people TO
be- employed aud tens Of millions 10 be
THAT this development will be ac-
C1mplishod and 20 the fullest possible
extent can not be doubted. Il will De
because the future progress Of our nation
demands H. 10 Will bee because the ne.
ccssitics OF the nineteenth ccntufyAmcr.
lean citizen require b and because the
greatest minds OF the age are now con
ccntratcd upon Us successful promotion.
And now in building this great cm-
pife Of Irrigation We will as has been
SAID lay the supcrs,ructufc by the
plumblinc Of justice and equity We
will write upon its white corner stone,
Sacred 10 the equality Of man. We will
inscfibe upon Is massive arch those two
synonymous terms, Irrigation and INDIE
pcndcnec
supply and Demand" was the sub.
icci of an Grafton by Joseph Gccrison,
Of the commercial course. lie said:
''ln an unciyilrcd community eN-
change IS not OF much importance.
zach family produces only what they
consume directly. As society becomes
more civilized such Is not the case; be-
cause division OF labor Is fcsot,cd TO,
and exchange arises as necessary con.
sequence. .,.
OF greater importance than that Of what
/ establishes the value Of articles TO be
/ exchanged. Is Il the utility Of an article
! that determines ~ yaluc' Pure air aud
| water are Of the greatest utility and still
they possess no economic value. This
| shows clearly that the value Of ln article
Is not determined by h. utility.
rs h then determined by its cost oil
production Let as suppose that ar
article Of furniture has a cost Of pro-
duciiOn OF thirty dollars, Suppose nov
that something raises rs cost to thirty,
five dollars a dealer has a lot on hand
which he obtained while the cost o
/ production was only thirty dollars. Is
/ he going TO scll a piece Of furniture five
| dollars cheaper than others are selling
ar OF course not, II will, therefore
not be the cost Of production in this
! case which determines what the article
commands in the market
as value always governed by the
cost OF reproduction II everything could
be reproduced Immediately d would be.
unless the article n question had fallen
out Of demand; but such Is not the case.
Il takes considerable time 10 reproduce
some things while others cannot be
reproduced at all Other things have
fallen out OF demand An these con.
sidgrations hinder price from conform.
ing TO the cost OF reproduction.
"ls there anything upon which we
may place reliance %. establishing yaluc'
| Yes, the great Law OF the relation be.
tween supply and demand H. NO a
certain price, the demand exceeds the
supply, prices will raise. u the oppo.
site condition OF things exists. prices
Will fall, These changes will continue
until price is established at which the
demand and supply are equal
"Ihe value of labor Is also governed
by this law. The occupations IN which
wages are high are always those In
| which llborcts are scarce 10 we are
| wage-labOreu, we would 100 like to
have our share OF the wages paid boz the
| country in which we reside lctus al.
| therefore, prepare ourselves 10 compete
intelhgcully with those around us.
/ While we are doing this we will be-
] performing q noblcr work as WeIl-thlt
OF developing the faculties given TO COS
. by Him in whose image we were
/ created
The orchestra rendered AN overture
I entitled "Cuspno T. la Comare," when
| Che AlcdlglurY was announced.
The address was delivered boy W. b..
! DougallI of Spuugyllle, who B, Jnhs