Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-10-05

"a that when 'NH -. -, 4,
ono sy,ry city had pressing upon II
In'. ..,blsm Of the unemployed NOW
ihe 49,, time In many years, "a
iai w. T, greater demand for skilled
WIN Il, ,,spy Industries, than can DC
Auo' rhen the seller Of gooas
sui .,, inc buyer. used all the arts
i.J IN, command to obtain an order ana
a' ~, ,.,,yeutly compelled TO make con-
". ,.,s An price and terms to close the
ee' ~, In many lines. Is witnessed
i.-I. .r.otacie Of the buyer going TO
W, .'n,r and asl,lng 40 a favor 20
s,,s bIs order executed al aoin' u''' ~
XIV ~. M, too remote future
s. 40 might continue to draw inc
49,, ty many other ways but Il ls
e''.,.,,ty evident to every observer
''' -. tbi- necessary. Many Of our
~. n. we know, have themselves
~ ~. 5iaernco In conditions a.
g, innucnce upon their personal
90. and they and all Of MS are
,...,iy interested In the question how
w. 4, IN, present era OF prosperity
ustiy TO last3 49,
mat an end to II will sooner or later
I'd. certain. This nation. like every
.t5sr civilized nation. has had it, per
la. % prosperity before, and they
~. sivsyr boon succeeded BY periods
~ e,sp,lal depression. The present. We
,.sy b. very sure. VIII be no cxccp-
ti,a 10 tho universal rule.
what can be- done to prolong The stay
NJ good times with u.s. These sea-
20. Il, prosperiiy and n adversely are
I'D caused by any Hupcrhumau power,
nm, iunshiro and the rain were given
., bsunilfully In 1894 ne In 1899. Cnlnmi-
,i.ss storm or of flood. failure of crops
- t.sstuanrc. cause hardship IN linz
Nd localities. but our seasons OF imam
4 l,i IIstfraa can BE- turcd TO no such
,I-'isii1nr. inaHmuch. then, as the
fiurss into hard umcn and the cmcr-
l.rre Into DAYS uf prosperity arc Mikn
M 10 human agencies. u certainly
r,sts Win man. " De De wise enough
i Boz aet 100 motion agencies which Hhnll
90 least prolong The days oi pro. pefl'y,
Ne sn6lI not attempt az THIS umn 10
l.unfr1ia the many causes which
.r94tts 10 bring about or 10 check huHl-
~ urfanarIty Some Of them are no
Inrartaut that 400 men recognize them;
oiisfs ave- the subject Of political cone
,o,srsy our purpose = 10 point out
some of che common and ordinary lnlu-
e1csa which can. " properly controlled
operate 90 prli1ng The period % PROS
rsfliy and 10 lessen the shock VI imam
tai Disaster when g comes
In thr urHt place. it i1 well 10 reflect
ttit lue und0uhtti cause Of the present
boom vas the expenditure by the guv-
eminent of some iaio.00o,0oo. more or
la. 10 the spanish war. The pur-
ohifss by the government u ships,
clothing. food and supplies uf OIL sorts
m itli' coming at time when manu-
rrturaH worc already experiencing "a
revival IN trade. gave an enormous
rUmuluH o. business Of every sort.
Compared With the total volume ~ the
cilbtya production n was Indeed a
snail item but Il was enough. never
hslsas 90 turn the scale Of market
rfIoa1 ln the SELLERS favor. The law
y supply and demand 10 "a natural law
% trade. but itH actual operation, I'M
Der modern business conditions. ~ that
. "a Ytry small mnrain Of supply over de-
mand or % demand over supply II what
nxgs lha price ~ the entire product In
a Given Industry The government de-
mand was not only BY reason OF ita
volume. hut by rynHnn uf Ito character
o. most Important influence upon the
market The government ana not split
hairs concerning prices and terms like
che ordinary buyer. u ala not make ~
onlsu conditional. Il ala not wait the
" fsllcru' convenience TO on them. Its
needs were imperative ana would brook
90 delay, In the shipping trade, Tor cE-
ample. a absorbed q good share % the
ilipplng on the Atlantic coast. and
fgnt the fhlpownoru hurryng 10 ths
builders with orders Tor new vessels.
These IN turn placed their contracts
i1r plates Tor hullH tnd boilers, and
save The steel mills 20 much work that
iht customers found 20 their surprise
That they could no longer have their
U1len allied Immediately on their ru-
other lines
Il q 20 DO particularly noted. how
ever that the government orders would
have had no such large influence had
Dot the conditions been ripe for a
II return 20 prosperity The hard times Of
lnl 90 1921 caused a general liquidation
. d. l.hu, Prices were down 10 a hard
an basis Manufacturers and traders
II ma learned conservatism during these
years and had learned, moreover. how
ll conduct their business with greater
ID. economy Had not these conditions OK,
llrd. ~ such results could have fnl'
l'N7i me governments expenditure a.
ven actually experienced.
10 should not be- overlooked further.
more That In 20 Tar as our present pros
lnlN o. based on extraordinary tx.
lenililrcs hy the government. IL has
n M unstable foundation. The nation q
uAe a man who borrowH a sum OF
'| money While u lasts he may Hive
A. llhpll0ufly and call himself prosper.
gAa' OUT Us ana by q day OF rcckoninf
c g1' Nhgn lhc debt must BE- paid
lgAllg national prosperity by iucreaH'
wi W. lunlln deuu has been tried many
.N9 many time by other nations, al
4 s'l ~ our own, II always works. bul
ri +-ltNglal disaster Inevitably follows
iN. lli That We have incronaed IN,
,A1luN ueht by over 500. 900 900 sine,
% non % good omen Tor future ma
",ll prosperity.
ine tendency of the public In nnaucla
gr,s always TO go with thi
VA e"u The comparison of the husl
.i ''ilnlulty 10 flock of sheep 10 az
'Nt' Every man is strongly prom,
~ ll Nhal Do secs his nelghb0r iolnr
w . Why lr times ~ great proapprlt,
N,ul obligations and enter upcf
W'Nt Nllh apparent rccluesanest
tirs IN.0 NJ financial disaster wnult
~. Wow ear cvcN To mcritoHou
N1SPoalll'na Tor Investment
Hrg now 10 the midst OF such I
JASON NJ business cxpnnsion ~ has ~
T. Nm ~ 10 a long time, Speculation
rs,i'6 W RTE Companies are benin
.-.f. WIN millions Of dollars OF pnpr
| rtg,.r ahl with little save great ex
q" tl.Ulns 90 show for H. some u
sfn encerns have brought up SOM
.t vbH. anlulonod and obsolete fnctorls
ID w illl.l 90 survive the competition
INK ~ ana 1897, and parade n llst %
~. N t,lt.l l93p.illes ny evidence of their sol
H pris.s .l.AVon. Manufacturing enter
jnly W. 'Nphndlng, Concerns which