El Paso herald. (El Paso, Tex.) 1901-1931, 1919-12-06
PROFITS
MUST DECLINE
INENGLAND
Inflated Paper Currency in
Britain Causes
High Prices.
GRAVE PROBLEM
FACING COUNTRY

"
l. currency Is responsible for the
unprecedented price OF commodities
in Great Britain q condition that Is
rapidly bringing the country 70 the
verge OF social revolution. according
10 a special Investigation.
Every social and economic i'll Of the
United kingdom can be traced 70 the
steadily advancing price OF neces-
sariss. and these boosted prices are
in turn caused by the fact that there
is actually too much money about in
the country. says the investigates.
who has Travelled from one end %
the British Isles to the other. study
ing conditions. determining causes
Tor them and. wherever possible, sug-
getting remedies. On this subject he
Toe zIueh Money.
Undoubtedly, in the broad sense.
there is too much money about IN the
country A journey from end 70 END
Of the kingdom. through al the IN
custrlal districts has COW need me
OF that Therefore, none OF Us is re-
ceiving the value from that money
which We should
"A Lancuahiro cotton spinner
recently said to mes y have
never had - much money as
now, nld I lave never been 80
short Of money
so i Is with the working man
he is earning wages today which
would have placed him beyond the
dreams Of ararice five years ago but
IL he IS a married man with family
lis wife is probably telling him eV-
cry week that she has infinite diff
Guilty In making ends meet
Obviously, one OF two things must
happen Either profits OF capital and
labor chat G.. dividends and WlBe1l
must come down. OF the output OF
goods must increase Either course
VIII be beneficial. but the latter IS By
FAR the bstter method.
Wees Toe High
wages IL certain industries and
high 3 figure. Il Is better % face the
facts. On Tyueside 7 heard OF men
drawing II pounds to IS pounds
week sg quits a common occurrence
while exceptional cases had been
known Of men receiving az much as
so 70 50 pounds q week such cases
are on a level with those OF cOmpa-
11es which have made enormous prof
its during the last I've or three
There eases VIII have 70 Be
corrected. Neither labor nor cap
ftal can expect then 20 continue.
For sueh hiEh wages and high
profits are merely tax On al che
rest Of the e1mmuuity.
The dcckerG demanda, too, have
risen 20 level far above what their
industry VIII endure. and ships are
passing Plymouth because the men
VIII only work from s e. m until 8
%. n The lockers al Kings Lynn
have refused 20 work overtime 20
allow ship % leave by a particular
TIDE, and AZ Liverpool three days on
and three. days Off has become g
Holiday Tendency.
Indeed, the tendency to take holi-
day every week has grown 10 many
places largely II consequences Of the
fact that G man not only requires
time 20 make money but time 70
spend e. Il makes no difference
whether the nan be rich OF poor
the possession Of superfluous wealth
does not tend 70 consistent work. {
ers 20 say. am merely stating
fact
Either profitH and HnEeH INST
come down. ana possibly hunger
and gtnrTntiou follow, or more
goods must be manufactured to
redress the balance and make
money more Ike itE real value.
rh1t a. the problem before er-
eryune, capitalist or workman.
BY better methods. BY closer atten- I
ton 20 work, by sreater community /
OF Interests between master and man. I
by everything which win tend TO In 4
crease output and by that alone, can /
wc make the future sure II we do ]
not, al classes, rich and Door, must I
Ths onus is not on any one class.
Mutual -ecriminatlon VIII serve no i
end. The effort must be common and ]
universal, AID unless 70 Is so made I
there is nothing but blackuess and ]
darkness nheao The only wav TO
bring down the cost Of everything IS 2
90 give ua al more Tor our money