The Richmond palladium. (Richmond, Ind.) 1906-1907, 1906-08-28

Prof c. L. Zueblin, of Chicago Uni
lFersity, paid his respects to ID. NJ.
Parry of indianapolis yesterday after
lloon during the course of his address
before the Richmond Chautauqua on
the subject of wealth Prof. Zue-
blin discussed at considerable length
the methods employed in accumulat-
ing wealth and the manner in which
wealth is distributed He declared
that the trusts are inevitable; that
they are here to stay. for said
Prof Zeublin. IF we are to have in
dustries of such great magnitude We
must have the management in the
hands of a few. The average working
man is awakening TO these condi-
tions. He sees organization of CAPT
tai on every side and he organizes.
The great world of industry now
comes forward with an employers
association This great organization
stands up and has the audacity to
proclaim that this body will deal with
the laboring men only as individuals.
Think of it. Men who are organized
themselves refusing to deal with or
ganizations Of other men in less for
tunate circumstances. d. NJ. Parry. of
indianapolis. the leader of this move
ment of employers is certainly do
ing a good work. He is doing more
than any one man to bring about
the organization of the laboring men
through revolutionary reaction 1t is
a splendid thing when you get a
sturdy fossil. to 1ut him M where
all may see him Is it logical for Mr..
Parry and others of his class to adj
vocate organization if capital, organi-
zation of employer and to stand
against organization of employees?
Organized capital and organized Ia
Dor are both here to stay
Formation of Monopolies.
In speaking of the great industrial
the manner in which the formation
of the great corporations has come
about. The production of material
with the least expense. he said. was
the real result of these great organi-
cations, but at the same time the
product therefrom does not reach the
consumer at less cost. The profits OF
the jobber, the retailer and what-not
all add to the product and the consul
mer paws it. Labor saving devices
also were discussed by Prof Zueblin
and he declared one of the puzzles of
the industrial world to be what be
comes of the labor displaced They
enter the new industries yet it is
difficult the speaker said. to account
for them all. 1T is wonder that any
of us are employed. seemingly" de
clared Prof. Zueblin. Periods of indus
trial depression were touched upon
sand the great cycles of these periods
of depression referred TO. In every
country where industry PLAYS prom
inent part, the same thing is TO
be noted. the speaker said. vet
it had not been satii-
factorily explained what has caused it
'.The United States Bureau of Labor"
said Prof. Zueblin sent out quiries as
to the cause of the industrial depres-
sion of 1850 10 156 persons. The ex-
plantations offered were varied. Some
said il was due to capital. others to
labor conditions. other to overproduc.
tion. and there were n score Of other
causes given. But one cause neutral
ized the other. The explanation of
these depressions that most nearly
satisfies, is that the power to con
sumo and the desire or ability to con
sumo does not co-exist in the same
person at the same time
Hit Competition System.
The time honored maxim that ''con-
petition is the life of trade" received