Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1900-06-07
ABUSE THE MARKETS.
On the Naked Flea ~ OverprOducIion
Disaster Has neen Forced
Upon the People,

The alarmlst has n poor vocation.
Men, generally speaking, who are en-.
gagged In nctlye industries, are much
given TO discounting the prosperity
which seems apparent 10 almost every
one who IL not profoundly thought
full on the conditions necessary TO
and the Interruptions which IRE a
constant source 10 the necessary con-
ditlons, Therefore II Is that the hon
est masters OF trade are constantly on
the lookout for nm interruption of the
essential conditions which insure
prosperity, We're these dependent on
supply and demand II would not be
difficult TO gauge the relations be-
tween the producer and the consum.
er, and II honest principles were In
control between the two forces, pro-
ducton and consumption, the crisis
would In most instances be nverted, or
certainly controlled within the small
est spaco OF the business affected
A large, intelligent lesson has been
t0ught In the last few weeks TO those
controlling the productive market, II
II u notable fuct that prices OF stock
In all the nctlyes had solcd into the
skies, and insatl0te greed was doing
It's full pOrt 10 keep them 10 their
flight, The conservative buyers fully
appreciated the situation, They felt
that the spectators had taken fear
fful hold on the manufacturing indus
tries, ana the result could not bc any
thing but disastrous, They would not
be losers They could hold their hold
ings, They could give warnings and
thus prepare the public for the slump,
They could go still further They
could punish the vicious element
which had assaulted prices without
just cause, and who, II was claimed
were nmennble under the law With
in day the slump came, Thousands
of people were ruined, \ great enter
prise which had involved $lOO0OO,QOO
10 perform n service which only re-
qnired 40 per cent, Of that amount
(Sj0,O0Oo00) was struggllngwith bank
ruptcy.
There were other means of disor-
der which could have ussnled the
"Stecl and Wire trust" other than the
one which did, Either of them would
have been ms effective in destroying
the prosperity OF the concern, A
strike or lockout would have been
highly injurious, Or n combination
OF the controlling interest In the stock
and other securities OF the trust"
would have worked deplorNble dam
age, On the naked plea OF overpro-
duction this disaster was forced on
the people, II could not have been so
done had not It's principal officers
countenanced the movement, and thus
gave the strength Of their names TO
the reduction Of values II seems
strange that no legislation can be en-
acted which will insure punishment
to those commercial outlaws, That IL
Is not reflects severely ON the class Of
people whom the public selects for
the discharge Of Legislative life The
lesson taught in the above described
Illustration Is one which II Is wisdom
to heed, The labor, The w0ge-comcrs,
are less given 10 the destruction
OF estnblishcd industries than are
the men who are in possession of the
securities, and who speculate tn He.
gitimnte returns on the capital they
have invested even though II be Of II
liquid chnractcr.-Cinclnnat En-
quirer,