The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1914-05-31

for stocktaking; mental and otherwise.
Merchants dig out old stock and turn
it into money. That's good. They
reduce their orders and buy from
hand to mouth. That's good, TOO.
Gradually stocks get depleted all over
the country. Fine and dandy. Then
comes 4 boom. Everyone wants goods
at once. Bang. rattle, whlZ go the
factory wheels and were off once
more On the good road to prosperity
Why do we have depression.
There is never an uphill without a
IownhiI A ship cant expect to mount
4 wave ard stay there. Il mus Side
!own the other SIDE only to mount
mother.
Depresstons are caused usually by
sver- production.
Good times cause factories to launch
out: to add to their machinery and
pile up stocks. Presently every
rom floor to ceiling. Then hands are
aid off all over the country. This
.ggravates affairs by the immediate
inability Of the unemployed TO Dur-
.1ase goods. Hence q period Of de
ression IS period Of poverty and
hunger and privaJion for the unem-
9lOyed. and this lasts generally Tor
shout q year.
The solution Of this difficulty IS one
f the big problems o. the day Ile
-1eveTest and most sincere students are
,nable to propose an Immediately
doptabIe remedy. And meanwhile the
Unemployed suffer, the manufacturers
uffer, the merchants suffer, and the
trrny of drummers suffer
If periods of over production cause
periods of depression. either a new
method is needed of GAJ GING THE
PUBLIC DEMAND AND ASCER-
TANNING EXISTING STOCKS or
settIed policy Of conservatism of out
ut
But. under the present system OF
competitive production and compet-
tive retailing. every one is grabbing
all the business he can get and no
body wants to be conservative until
depreS SiOn COmpels-
Yes. it's difficult
The sufferers need TO get together
and express opinions; and out of the
tangle and chaos a remedy or a num-
Der of remedies will be found
1t is a large matter and II vail take
years to solve the riddle.
one obvious fact stands out clearly.
Machinery is constantly being in
vented whereby one man can do the
work of several men.
What is to become Of the men so
Are they to become permanently I'M
employed"
That is so evidently impossible that
the whole world is bound TO agree upon
shorter hours Of labor in order to keep
all men employed.
Every blessed thing is going to be
done by electricity; even the washing
of dishes and sweeping Of floors.
You can't expect to keep everyone
employed all day and every day when
so many Of the old fashioned jobs are
accomplished by merely pressing
button.
Machinery is playing the very deuce
with US; and the sooner we recognize
that every new and magnificent inven-
ton should be Il boon and a blessing
10 men the sooner we will recognize
the necessity and the human reason
ableness Of reducing the hours OF
labor.
And. if the whole world agrees, It
can be done. OF course 1t can.
This means international conference.
It means work for statesmen Of a high
order. The same pacific COURSE of in
ternationaI mediation for prevention
of war can and eventually must and
will be used for the prevention OF
unemployment and depression.
Depression and unemployment go
hand in hand.
/ don't care how large the task
looks il must be dealt with or the
world will witness a hell Of revolu-
These are civilized times; times OF
thought on large topics; educated
times: not ignorant, stupid times
Man is q very different animal today
compared with man Of a hundred
wears ago. He will not consent to see
machinery doing his work whilst he
twiddles his thumbs and whines and
starves. He viii either have share
in what is going or he will rise up
in wrath and there will be bloody
civil war.
Yes, depression time is thinking
time
II behooves the statesmen and the
capitalists and the employers of labor
to sit them down calmly IN conference
and consider this thing wisely and
we'll for the good Of all, including their
own good; for facts are stubborn
things: and men like mules will kick
like bIazes when hungry.
Socialism and AIarchism arse out