New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1906-01-31
PRESENT SYSTEM INJURIOUS
Information Contained in Answer
to Questions.
Comprehensive Argument Used by
Writer on Economies.
Ed Bosky Replies to Five Questions
Asked by Englishman.

GlOnS TO winch III invited answers IRON
any of the readers of the paper and
this week we are able to give compre-
hensive answer to all the questions by
Ed Bosky, who is we'll known in the
city as an advocate of socialism and
whose replies to the questions show
! that he has studied the problem from
that standpoint The article is long
but interesting and is worth taking
time to read.
EDITOR REVIEW:
The Review has in it's last issue a
number of questions on political
economy, which would like to answer
thoroughly, were these questions not
put so narrow, which necessitates a
most minute description of all circum-
stances that must be considered in such
a problem.
To begin with, [ wish to say that
these questions can be answered in
two distinct ways. One way is the abb
stract economical way which leaves
all human principle out of considera-
| ton, and the other is the way of the
advanced economist or socialist who
considers foremost of all, the human
principle and makes the economical
principle fit it.
That is, on its face, treatment of
these questions from directly opposite,
we might say antagonistic view point.
| shall try to answer these five ques-
tions from either of the two view points
and I claim that only a socialist who
is we'll posted in the abstract economi-
cal science as practiced today, is able
to describe that economical science
which advanced thinkers in ever
increasing numbers now favor and
wish to substitute for the murder and
crime producing economics of the
present day.
The general trend of these five ques-
tions by the English questioner indi-
Gates fully how deep-rooted favoritism
specialprivileges, inequality, injustice,
has become in otherwise fair-minded
people.
The very first question says, "How
does protection in America affect
agricultural interests, including mill
ing?" The very idea that protection
should affect different industries more
or less favorable, is unjust, tending
to stand for, and not against special
privileges.
Political economy should stand on
the broadest possible basis, as politics
should know no favoritism to any one
part of the people,.
From an abstract economical stand
point under the present competitive
system, protection keeps some of the
largest manufacturing concerns of
agricultural productsin Canada, South
America, Northern Europe and Aus
tralia wheat, beef, wool, butter, dairy
products, etc. out of competition in the
United States and secures to the agri-
cultural interests a monopoly of the
home market with which they can co as
they please.
Permit me to say here, that these
agricultural interests and the fuctua-
tions therein, largely are directed and
influenced by spectators who are not
in any way identified or connected with
agriculture proper. 1t has become a
matter of the largest money-bags to
send prices up or down, by the greater
or lesser ability of some rich specula-
tor to corner or monopolize certain
product. The producer himself has
nothing to say in the general manipu-
lation of his interests, the packing
trusts, board of trade, the size of the
stake which the bulls or the bears have
to wager is the deciding factor in agri-
cultural interests. No more the size
Of crop plays the most important
role, as by means of false reports,
storage to create artificial scarcity,
| etc., all true calcnl ations based on
| natural conditions are impossible, the
real producer is at the mercy of the
non-producing SPECTATOR, no matter,
protection or free trade; but protection
secures at least higher prices from the
American people, just to keep up a
show of a higher standard of living.
Enormously the idea prevails that
higher prices, higher wages, ETC.,
secure higher standard of living.
| The milling interests, depending
largely on the size and quality of the
crops in all countries and also on
speculation, are therefore also COM
pletely at the mercy of great capitals
tic combinations, such as railroads,
mine-owners, ETC., which have it in
their power to wipe out of existence all
small millers who do outside trade by
means of dlfferential rates.
If for instance the Minneapolis
millers would increase their capacity
tn tho limit nf the prndncti vitv IF the