The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1901-10-16
THE INDUSTRIAL REVOLUTION
NAY ELIMINATE HARD TINES

% HE publication of the United States Steel Corporations
monthly earnings business development OF the
very highest kind
1t is believed by most political economists that the
history past hundred years of alternate periods of good
and hard times must be repeated The causes for these PERIODS
adversely that have decade have De
vaousy explained but there pretty general fear that the
recurrence must be expected.
The potent factors causing financial disasters and
industrial hardps what called overproduon and errors
lin legislation Overproduction explanation that explains
nothing When people unable buy goods overproducton
results Hard times generally before overproducuon IS
manifested
The present prosperity largely ascrbed to lega
ton naugated by President Mckinley The manufacturing in
dustres of the country had faith in Mckinley and in the pera
of the protective tariff for at least years The result
has been overwhelming surprise the best friends OF the
American system. For in history American genius
American enterprise and American capital has had full opportunity
to create wealth and extend commerce The result magnce
That need to do something besides idly pat ourselves on
1.-THE United States Steel Corporation indicated the important
method of conserving property The United States steer
Corporation strong enough to withstand The strike has sui
ered and Notwithstanding the losses OF its mills shows
total gain the profits of preceding months Isn't thus sig
Inifcan of a era?
Isn't the value of the modern consolidation of industries of
this kind established? This is saying that all the evils and
dangers avoided however yet is of Importance this
country prevent those failures in business that start firm or
company after another the downward track Mutual
thdence and support in life OF business
Now if this great company and similar enterprises have
established their ability do business profit regardless
extraordinary the value Of its stock and securities has
become established The danger Of speculation and the danger
depression been extent certainly passed BY
The ideal condition in business life have every business
show fair profit That the only method that will insure the
of the country constant employment good
Labor cannot fix wages labor cannot keep the mills operation
by any policy of If the mills open and the employers
extending their plants and seeking labor wages tend
ling upwards
That the condition that all Of hope continue in this
country.
1t is quite important too for the wageearne to have
safe and profitable orto invest his savings matter how
humble they If be proved that the stock of the
featuring corporations has value and will afford regular
dvdendS the humbes aborer wisely invest his savings in
stocks In the past investing stocks has taking great
risks Labor has been taught look upon the stocks the
property of rich opportunities for for the
widows and for the humble savings of the poor but the day has
come believe when labor the advantage possessing
IAN interest in the business of the country.
Along with the consolidation O. great corporations the
scattering of stocks among thousands of instead OF few
individuals Every year becomes difficult and costly for
ANY group of individuals purchase of railroad
industrial corporations
publication of the earnings of steel corporations deve
opmen of high Importance shows that the industrial corpora
ons have adopted different method towards the public For
mer the actual condition of these corporations be guessed
at or to be learned from less reliable inside tip Now
the truth published by this manufacturing corporation
has been in the past by railroads and banks
the railroads and the manufacturing industries of the
can be kept upon safe margin opot the danger hard times
almost obviated