The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-01-10
Al Interview Trusts and Syndicates
Union How Strikes May Be Prevented

jtCopyrlght 1904 by Frank q. Carpetitero
WAsn1NdToN.5 y. c.. Jan o. Is US tho
country going to tho dogs In the present
struggle between capital and lnborI 4.
4 / askad this question " senalor aiu III
,,nn,,,'1n+ ~ Arlington Hotel this after
noon. MI. ,,r,. u. /, ,,,iv !,
lhait In our march OF unbo,nded pros.
rarity, we shalt lave "a limited pcrlou
III (which business must run ~ g s' ,,,ni.
forces and III some, wages WIN po
necessarily reduced AS to the country,
| I'd ID In Il healthy condition. The crops
nre rood, tho people nre well OF ana
| tile outlook Is not serious
| '"What IL the cause OF tho halt, senh-
tori? Does 1t not come from the IN. m
creased wages demnndea ny n,u ~
other exactlons OF organized lnborI
NJ do not think So" replied Senator
Itnnnn. "In New York and Chicago ana
ono or two other places n depression mas
Moan crentcd by the troubles In the build
| liuc trades. These have been nearly
gettlcd, and look for better times there.
WHAT CAUSES THE HARD TINES.
"rhcn suppose It comes from organized
rapitnl?'
1"No; It does not The chief reasons
ara tho natural ones OF oversupply and
,,ndermand You remember the business
situntlon OF from 1893 to 1898. we had
been over producing and the market was
suited Business came almost 70 q
| gtandstlli and the people lost confidence
lin everything. Every one bought as iittie
as he could, and the factories old !i.,,e
more than manufacture TO ORDER, a"!1,lc
Nil enterprises. Including tho railroads.
r,,tt their purchases to the minimum.
8"At tho same time capital became
timid. and the savings were stored away
in the safe deposits and In low interest
bearing securti lies. Then N 1873 I, We
woke up TO- the fact that We mad exce!icnt
crnns. vast material resources and at
tho same time market which was owl
OF everything. The financial sky brisht-
rncd The demands came In ike Il DEL
urc Money crept out Of the banks. nc
factories and mills went t owork, and
III ospcrity. like SNOWFALL running down
| Till, gathered at every turn, untll it
seemed that the powers OF adversely
,voud he crushed by It. The great de-
,n,.nd brought about combinations OF cap
it.l In s,orlv IT.. New inventions ere
,ted 10 save labor In the hard times IN
creased the capacity OF the factories. ana
tbis x i.5, forces OF modern industry pre-
f,45 ,5;-i H.,,",,tt.ies unknown IN the past.
Al the same time tho confidence OF the
ia,,,. r;,, ,,ec.. 1ud neck With the times.
t
enormous proportions that raw materials
and manufactures were brought IN from
abroad In vast quantities. This was es-
rccially 30 OF iron and steel. the suppiies
OF which, then ordered are stun pelns
tc.lvered.
.'Then nl at once 1t was found that
the home demand was satisfied. ne
more conservative business men, including
small merchants all over the country.
saw there must be turning OF the tide
confidence wayered, and the result IS
the condition OF today.
THE FUTURE.
How about the future2
q have no fear OF that" replied Sena-
tor Hanna. Our normal condition Is
one OF good times. and the present de
preston will soon pass away. We nj
wnys move more slowly during the year
OF the presidential elections. AS 70 the
country. VIC have the same muscle ahu
hrnin. TINT have succeeded In the past,
ma wc are as good as ever IN times
like these. however, the sensible man