The Washington herald., 1908-08-09
MORE.


Value is not gauged by bulk but rath-
er by the relation Of volume 10 demand
a multiplication Of one by the other II
demand be zero. value IS nil Much Of
demand. applied 10 little Of product. may
create more value than small demand for
great product The highest total Of de-
mand would arise from great demand sup
piled by great production
This Is a new way Of stating the law Of
supply and demand. but it is John Stuart
Nil over again. the only difference being
IN words. the same being an extract from
More by George Otis Draper. an
1-ounced as a study OF financial conditions
now prevalent
IN the preface. The author gives as his
excuse the following. "The views herein
expressed were formulated during twen-
y. years Of industrial activity in connec-
ton with an equal number OF productive
Organizations. operating at various points
between Eastern Canada and California
These have included the manufacture of
several lines Of machinery; several classes
OF textiles: articles Of varied nature I'm
finished product: also such Industries as
mining, quarryius, and building This
present theorizing is. therefore. derived
from practical experience in creation and
investment which certainly is a strong
claim for versatility and varied expert
ence, but whether the engagement In so
many pursuits IN such a comparatively
short space OF time could insure q very
concrete or profound knowledge Of any
particular one would seem 10 be an open
question
However -rssa things may he The booEz
IS always interesting, and at times brill
liant II the discussion or the industrial,
political. and financial state Of the re-
public. ab0undinE IN sciutiIlati1g epi-
grams some OF the most pointed being
as follows More is the goal Of desire
Desire enersizes evolution Material
ism crowds idealIsm aside Some get
their wages. or prodts. by earning. or
making The rest get some Of what IS
thus made. or earned" Wealth IS prop
erty having power in exchange Theft
results from lax protection Dishonesty
IS nothing new Excuses are no 5ustif-
cation for criminaIiry. 'Au the rich are
r0bbeTs-let us rob the rich The an
archist wants no Law The Socialist wants
more law. Justice demands The reward
Of merit"
one Of the most SiEui1Cau- things Il
The work IS The authors advocacy Of cur
rency reform which Ee strengthens by
extracts from the celebrated speech Of
Congressman Fowler. delivs-ed Decem-
be- 11 1907 IN which he says can any
man. any honest. intelligent [a5r-minded
man deny that there must De something
radically wrong. GisastrCusIy wrong. with
our present currency making deyices2
Are we such business fools such
economic IDIOTS such political towards
hat ne VIII not move even though the
heavens fau1 The greater our
crops and prosperity, the greater our
danger and the more imminent our ruin
Alr- Draper earnestly llve-zrs against the
wholesale condemnation Of corporations
and large business concerns. the follow
ing statement being significant 'Ir the
recent muck--akins saturnaila the tactics
Of the sly Chinese found favor. since il
was remembered how they used 20 create
terror and confusion by hu-lilE fragile
jars Of hl-rid-stiuking compounds nag
aZiues and Weeklies openly attacked the
most prominent. preferriug charges that
should have resulted in extremes OF pen
atty were proof obtainable And
what is there 20 sEow2 Who vent 70
jail2 Who paid a fne2 One or two died
Of modification. one or two nerv0UsIy
pe-spired and a few swollen veins leaked
slightly under pressure We learned what
al Of use should have known namely.
that many VIII steal If not watched-but
why should We not have watchedg"
There Is a frequent ou-crcprl1s Of hui
nor in the pases Of the book and the
statistics are 1a- altogether conclusive in
character being mostly compiled from
newspaper articles. writings iu Collier
Weekly and like publications. augment
ed by matter from the government pub
Ncations, notably the bulletins OF the De-
partmeDt OF Labor Judged from All
points il IS very readable book. and is
capable OF furnishing some good cam
paigu material for both political parties.
little. Brown & Co. Bostonl