The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-08-18
EXPORTS HIGH
Continued from Page One)


plause. "The farmer gets good prices,
but he gets them because of the de-
mand for his goods" he added.
They say the packer is the profit
teer. l do not know whether he is
or not. l have been studying the stu
alton for months, and I say to you
that do not know! If it be true that
packers received only 5.36 per cent
interest on the capital invested then
the packers are not the profiteers.
We are going to find out whether
this is true and if it is not, the punish
ment will be forthcoming.
Retailer Is Guilty.
But the evidence that has come
before our committee on the high
cost of living has been to the effect
that profiteering is largely due to the
retailer. We are relying too much
upon laws and not enough upon our
selves.
Watson said he saw no way in which
individuals who made a good profit on
individual transactions could be called
profiteers or be punished for their
methods.
"Prof1teering comes when a grocer
meets another grocer and they decide
on a price which is in advance OF
what it should be, and then notify the
other grocers that that is the price.
This Is a conspiracy and conspiracy
can be punished. We have laws to
do this, we have drastic penalties.
The president came to us and said
he wanted a complete license system.
So far as / am concerned he's not
going to get it, for there are already
plenty of laws. All that is necessary
is to use them.
Laws Not Much Good
II ask you what has become OF the
law which held your wheat to $226
and if you didn't follow it took away
your license? That's still in operation
but look how is has been relaxed. II
you can't use laws what good will
other laws do? Look how sugar
climbed. The international corporation
equalization board is still in existence
individual extravaganza is one OF
the main causes of high prices.
see the streets crowded with young
men, all consuming; none producing
The trouble with this country is, we
have too many idlers, and along with
the, we have individual extravaganza
The movies are full, the theaters are
full, every summer resort from Allan
tic City and Saratoga up and down the
country is overrun. Tom Taggart
down at French Lick, has been fairly
mobbed with people clamoring fol
Pluto.
Il am little bit old fashioned, bu
! firmly believe that you can have al
the laws you want and they will bt
fruitless until you get back to indivi
dual thrift and frugality. But there
are no laws, you know, to proven
people from spending all the none!
they have and laundering lot o
them don't wait to have it.
It's Our Own Fault
why do you buy stuff when it's to-
high? You don't have to, and I urg
you women to watch the markets ant
not to stop at the first store and max
your purchases regardless of whethe
you are being held up or not. lnquir
at several shops, and if they are al
high and all alike, understand you ar
I being plundered, and don't buy.
How can the government brin
down prices If you right here on tn
Job can not stop buying at thes
prices. nor show your individual gre
GERS, and others dealers, that yo'
won't stand for robbery prices? AM
while you are doing this. let everybod
give a full days work for what h
makes and then save, and big ste
will have been taken.
Expectation Considered
''If there is a great supply anbeve1
q steady or less demand prices will g
down The law OF supply and deman
will eventually work out, and with in
creasing scarcity and increasing de
mand prices will of the same accor,
rise. ! say to you as long as We con
tinue to export as much as We ar
sending abroad with increasing scare
ity at home, all the lawyers and law
in the country can't help the result
It is amazing the amount OF food stuff
we have been exporting. We do no
have as much wheat as we had il
1918, and yet we are sending out more
And not only are we shipping vas
amounts to sell to our allies, but W.
are shipping vast amounts for relic
purposes to feed the hungry horde'
Of Europe. believe firmly in helping
them, but I am just selfish enough t
believe in helping America first | an
a lot more interested in knowing how
the people in New York and St Louis
and San Francisco are going to livt
the coming year than I am in thu
people Of the Balkans. I'd rather have
!. a Lithuanian starve than an Indiana
4 ian. To starve Europe would no
only be a crime but 1t would close oul
own market, our own factories anC
leave a wreck. But we can help then
and ourselves both, and ! believe II