Arizona republican., 1919-07-23

was then recalled that the phenomenon cured after the Chicago fire and again after the Boston fire. It also remembered that prices abnormaly high during and for time after the civn war. Perhaps few thought of the real relation be- tween money and wealth at that time though gen. orally high prices then attributed to the imitation of money
 There are other causes for the present so called high prices, among which is shameless profiteernS though there is probably less of that than are apt to suspect There is much though that may be described profiteering in a smaller way, is described in of the interviews. manufacturer, for instance, is faced by demand from his work for of wages, say of 10 per cent. He grants and recoups himself by advancing the price of his commodities per cent AS matter of fact, the labor represented in the of the commodity is very small say it may be much as half The then has only covered the increased of labor but has added profit to the other half of the cost which has not been increased to him all Also when costs of all kinds rising freight, materials etc, they passed along with invariably something added until they finally saddled upon the consumer.
 Another natural contribution to higher prices is the tax, profits and income, and heavy contribu-
 
 that deserves treatment by itself.
 Such increases as are described in the foregoing paragraph may be regarded genuine higher prices due all to the disturbed relation be- tween money and wealth, but to human manipulation. That however is a comparatively small part of what the consumer feels what he calls the higher cost of living The disturbed relation between money and wealth has only furnished the opportunity for such rnaninulatjon well still less excusa hle oneof marking up prices arbitrarily without provoca tion.
 We believe we will be faced by still higher prices" than those of which we now complain and we think that they will be so high as to make adjustment of which have spoken necessary, and to bring it about quickly. when wages every where will be raised night at which wages of different kinds of labor will bear relation to another and wealth they bore before this disturbance occurred. Meantime everything is in a fluid state but when the adjustment has been completed the conditions will be solidified.
 What must go through to reach this state is matter of conjecture. and mans guess is good as another's. There will probably be serious industrial disturbances their severity and the dura tion of the process, depending upon the resistance which may be offered to the inevitable.
 And when 1t IS complete we will all bear the relation to another that have before with single exception-the creditor class and those who have been hoarding money will be disad- vantage. Those who have invested their money in wealth that s in wealth and the things which pro- duce wealth, in lands, houses and in productive terprise will be in preferred positions.
 We have not spoken of this problem to be solved. We have dwelt rather upon the inevtability of the thing, of the operation of natural law. But there is something do and what may dc will affect the degree of change from the old condi tion to the new.
 speeding up of production will help much to- ward restoration of the old relation between wealth and money, making the permanent change from the old level to the new, less abrupt. Public and private economy avoiding the of wealth, (for all waste is the waste of wealth and not of money) is essential Legislation for the conservation of wealth and the encouragement of the produc- tion of wealth is needed.
 There is more to be done by us all by govern ment by the individual, by the laboring man. by the employer and the manager. We have come to time of the world when there place for the shirker
 The "wobbly" strike Globe fizze it ba