The Negro world., 1900-06-09
ABUSE THE MARKETS.
On the naked Plea of o,srproaaetlon
Disaster Has neen Forced
upon the, People.


The alarmist has a poor vocation.
Men. generally speaking. who are en-
gagged In active industries, are much |
given Go oiseounting the prosperity !
which seems apparent to almost every |
one who is not profoundly thought |
full on the conditions necessary To
and the interruptions which are a
constant source TO the necessary con-
ditions. Therefore IL is that the hon
est masters of trade are constantly on
the lookout for an interruption of the
essential conditions which insure
prosperity. We're these dependent on
| supply and demand IL 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.
duction and consumption, the crisis
would In most instances be avertcd, or
certainly controlled within the small
est space OF the business affected,
A large, intelligent lesson has been
| taught In the last few weeks To those
controlling the productive market. II
IL a notable fact that prices of stock
| In all the actiyes had sailed into the
skies, aud insatiate greed was doing
its full part to keep them TO their
flight. The conservative buyers fully
appreciated the situation They felt
that the spectators had taken fear,
full hold on the manufacturing indus
tries, aud the result could not be any
thing but disastrous. They would not
be losers. They could hold their hold
Jugs. They could give warnings aud
thus prepare the public for the slump.
They could go still further. They
could punish the vicious element
= which had assaulted prices without
5 lust cause, aud who, IL was claimed
were amenable under the law, With
in day the slump came, Thousands
of people were ruined. \ great enter
prise which had involved %i0O,0O0,ODt
TO perform service which only re
unired 50 per cent. of that amount
(S500O0, O00l was struggling with bunk
ruptcy.
n There were other means of dtsor
I der which could have assalIed th'
4 "Steel and Wire trust other than th'
l. | one MIifh ulus taituti " Atfih NbW'
n have been Ms effective In destroying
o the prosperity of the concern.
Il strike or a lockout would have beel
r highly injurious. Or combination
g of the controlling interest In the Stoel
}. and other securities Of the trust
d would have worked deplorable dam
Il age. ON the naked plea Of overprc
e duction thls disaster was forced o
i the people II could not huve bren =
Il done had not It's principal officer
A. countenanced the movement. and thu
" gave the strength Of their names
ic the reduction of values. u seem
g strange that no legislation can Ice 81
,e acted which will insure punishmer
:. TO those commercial outlaws, That
Is not reflects severely on the class
~ people whom the public selects II
he the discharge of Legislative life. IN
wv lesson taught in the above describe
.. illustration Is one which ~ 10 wisdol
re 10 heed. The labor. the wage'earner
te are less given Ia the destructio
~. Of established industries than ~
C. the men who are In possession OF u
to securities, and who speculate 10 ~
nh Ultimate returns on the capital the
a have invested. even though " he 81
bs Iiauid character. Cincinnati y
!, quirer.