Imperial press and farmer., 1902-01-04

lN thC same inNal 'NhnitANNhs taf'' thoro e fictitious stimulation ot rricoe which must come Co an ena. This end brings financial depFcs' sion which must necessarily toll"" period of business activity.
 When the people arrive at point vhcrc thrlr credit limit is rcachcd thcrc is necessarily "a decrease in the demand for goods and proporty. and ceon the supply becomes greater man Inc demand and prices hcgin Co dc, hn'. This stops speculation. Ihonands oI rooplc engaged Ia manutateuring oF prpdurane articles of general use aFc fh,e thrown out of employment anu ms causes a stu further dccrcaSe ln the demand for goods, and hence further decline in prices Those NH' have purchased on credit hnd them selves subjected to heavy loses p'- rr,sc fhev are compelled to sustain the depreciation on goods they GO nov ,un-that is goods bought on cTcdil Because of this dccrcasc in valuations al arc com pelled to cconcmtfe in or der ;o adjust their expenses to me now order ut things they tcing com relied io pay on thc accumulA'eo 'n' 6cbtcdncss with the decreased incoihe. This economy ot the masses siili Fur ther decreases the demand Tor go"ds and propcrty and this stiil further in- crcaxes the supply over the demand. and decreases the prices. throwing more people out of employment and in- creasinr the depressed condition oi business
 The business man feels the change m cnditions as well as the lahoTe-. Doing business largely on borrowed capital he loses all the capital employed in the lusincss not alone on the money tur- nIshNS hv himself The value of the huSfness shrinks. but the debt re- mains the same or increases t&2nA' ruu;cv stares the business world In the face. The weaker go under ~Aile the stronger pull through. and sometimes make fortunes at a little later cate out of the mistortunes ot others
 Here Is a condition of hard times A large percentage of the laooTtng people os the world are thrown out oi cmployment Every time man stops work-stops producinE-his pnTchas- ing ability is impaired the demand for goods becomes less and prices aFe lowered.
 During the period of depression the debt paying peTiod-the people ai large are forced 10 economtEe- The earning capacity Of all classes has been decreased. A large percentage of people are thrown out ot steady emplovment and wares are reduced for those who do secure labor. some earn enough 10 pay expenses n' living .~rrn-,gra11x while others 60 no. and are compelled 10 live tn part on the limited accumulations Of former more prosperous years.
 Many business men continue Tn nusi- ness. some are able to meet running erpenses while others prefer io lose a little each month awaiting the re- ,urr Of better times rather than 10 lose more heavily by retiring entirely rom hr,siness. Many cannot stand the pres sure and quit business. forced to lose the accumulatIons for years
 During the years Of depression val ues of all kinds of property shrink Tr the case of !ncumbered property this shrinkaRe falls entirely on the margin and not on the debt some times it wipes out the margin and -or,ion Of the debt also. Sometimes the margin Is so nearly wiped out ,ha, the alleged owner of the property transfers his interest in the property ,o ,be one who holds the claim against {, and another debt ls paid. Some times the holder of the debt decl ,o thus take the property and release the owner
 4 person who does business on a