The Richmond Virginian. (Richmond, Va.) 1910-1920, 1910-02-05

any market is the political econo-
mist's definition Of competition. The
man who has studied economics will
tell you that competition Is the most
important word in the theory of val
ues. Under competition every seller
seeks the best price and every buyer
seeks the lowest price. and they act
AS independently as dry grains OF
powder. Reporting TO Pref. Walkers
illustration ffom the island, he says,
In substance, that when the produc-
ers OF seaweed were ready to deliver
ten thousand loads and the demand
was for only five thousand. cempeti-
ton would set In among the sellers
Each producer would try TO sell his
whole stock, no matter who else did
not, since be arprehended that prices
would fail he raassia sell as saan az
he found purchaser. Through such
a force prices weaia fall 1t might
be by slow degrees; 1t might be tu-
muituousIy: but they would fall as
certainly as competition existed.
If, however. these fishermen form
ed an agreement to hold their sea-
weed. or If o company bought mp all
the seaweed and held Il for a higher
price. such agreement and comhina-
tian might secure price out of pro-
portion TO tne relation of supply TO
demand, because they eliminated
competition.
Some man. elected to make laws.
will confer an irlestimable benefit up
on his fellowmen IL he will draft and
have enacted constitutional Law pre-
venting com binations to the extent of
suppressing competition in any arti-
Gle whatsoever. There should also
be a law regulating cold storages and
prohibiting keeping feod SUITS In
H. a
OF the United States were opened to-
day and their contents emptied every
family would have
se.56 worth of fruit.
liz pounds poultry.
t-1 dozen eges--
sf,25 worth of fish.
400 pounds pork.
429 pounds beef.
45 pounds veal.
Is "a pounds mutton.
II 1-2 pounds lamb.
$500 worth of canned goods, yege-
We would want to Join the society
of epieureans 1t these storages were
opened.
Another remedy is the revision of
the tariff. Protection began in THE
country in 1915. and 1t was not in
tended that it should be permanent
which it helped to create have per-
retuated it,
What is protection? 1t is sub
sidy. II Is bounty. The only differ
ence between protective tariff and
bounty or subsidy Is that the pro-
lection goes directly to the one benc-
fited.. while the bounty goes through
the United States treasurer
studied yesterday the tariff as
1 Nj tmt.n H.. p.u II - A. IAl No
The protection on
Monuments to the dead, so per CT
Carpets. 40 per ct
Bacon. cents per pound.
Hogs, t1.50 head.
Cattle valued under $i4.o0, $s.7s
per head.
Cattle valued over $1,000. ~ Ia
per ct: so that on beef worth $60
the tariff would be $1s.50.
Leather. IL per ct.
Corn meal, 40 cents per 100 pounds
Flour. rs per Ct.
Canned beef. rs per ct
Wool. from II cents 70 36 cents
per pound.
wheat, IS cents per bushel. At
one time last year you could pay rs
cents protective tariff and buy wheat
In the market ~ cheaDly a. you could
buy your own home raised wheat.
among tHG Jew Iu1uH& L1S& AN8 Q0-
logna and Frankfurter sausage. and
| they are cheap
The finai remedy II In an increase
OF home suppiisa. This u to be se-
cured by moro attentive cultivation
y. j. Hill has demonstrated that we
could double the products OF our soil
/ by the rotation Or liberalization Of
crops It Is said that man who
makes Two stAfk6 grow where one
stalk grew before. Ii i statesman.
and he IL also = patriot. We have
rich country. But compare it, pro-
ductiveness with other countries and
see how unfAvorAble Il the COMPARE
son. because We have not intensive
cultivation.
France raises 80 bushels Of wheat
4UHY GEsF*.s
Germany raises 10 bushels Of wheat
! per acre.
Great Britain raiaes 81 bushels Of
wheat per acre.
Canada RAILS y bushels a wheat
| per acre,
Tinted stssss ssaaed n bushsis u