The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1919-11-03

Htntes 10 Interfere In all sorts OF de-
tailed matters within the aiatua ana
tho government n doing what Il an.
but The constitutional difficulties In
the way are very aeriouh.
while. ~ ! hav said, there II not
much ~profitccrlnE amons retail gro
GERS. suspect that there are lines
Of buinesH In this territory IN which
profiteering does 70 on. But I am
impressed. that ven IN these matters.
the public Il almost as much 70 blame
us the dealers. The majority OF u
people are earning today more dollars
than they hav ever earned before.
and they are spending these dollars
In a spirit OF reckless e~xtrnvaRance,
bu, Ing things. both In quantity and
quality. which even the rich cnnnot
afford. and paving without question
whatever exhorblsant prices nrc
charged. When the public engages In
n dobauch like this. a need not be
wondered at " dealers take advantage
OF the situation 10 make what they
can while the making II good. II any
reform n TO DO brought about In the
cost OF living, Il has got 90 take place
an along the line. People cannot lay
aside the teachings OF common sense
and forget The common old virtues OF
Industry, economy and scif-denial and
thon expect to be taken are OF BY
the government like a lot OF children.
Another thing hat people ought
10 remember n that the htgh costs
we are paying are not due alone TO
profiteering anywhere. Their In
profiteering. and ~ ought 20 be
checked. and Il will be checked II Tho
public does Its part. But prontoering
at last L. n small part Of the trouble
When forty million men. nearly all
OF them engaged In productive energy.
are withdrawn from the business OF
/ UrnAN.lA.r wealth aud nIf IN H~UNfTnNa
Ing IL. and that process keeps up for
four years. somebody must pay tho
piper. when the SOLDERING up begins.
and we find that twelve million pro-
ducors nre dead, with no correspond
Ing reduction AMONG consumers, the
problem Is nightly aggravated. The
laws OF supply and demand cannot be
ignored, and, in the present case. the
demand lie all the more acute because
% the necessary processes OF recon-
struction.
Then again. the widening ration
between supply and demand In bread
and meat and clothes and machinery
IS not all. For the first two years
and n half Of the war. and to some
extent for the entire period. wealth In
the form OF money poured IN on this
] country. Five years age We had
three and threc-qGarter billions OF
dollars IN circulation: today We have
I NANIN NAAAH rINtN anu - AnAA NAANA'NAN
The law OF supply and demand OPP
crates on gold Just ~ much as on
sugar. With our circulation OF money
doubled the purchasing power OF the
dollar necessarily declines. We have.
therefore. the ration between supply
and demand n foodstuffs w.dened'
and the ratio In money narrowed.
TO shut our eyes to these clement
airy truths and TO go ON grumbiing
about the -pronteerinE, as u that were
the only trouble. will serve but little
purpose. Profiteoring amounts 10
about 1 per cent Of the evil the coun-
try il confronted by. About - per
cent OF u Is in extravaganza ana neg
lect OF duty n the EFFORT TO get rich
quick without doing productive labor,
The remaining 90 per cont must be
accounted for In the law Of supply
and demand. In 1896 the majority
Of the people Of Georgia were com
planning bitterly because CNeryihine
was too cheap. Political writer's were
telling the people they were siu,rinL
from an insufficient supply Of money.
land tho people were 81 WrVurht ur
over the demand Or politicians FOR
the free md unlimited coinage OF sn'
ver at ar arbitrary aud untatura.
ratio. that a man was In danger 81
being lynchcd who testified that ths
remedy for the existing evils Of thai
day could be found only IN industry
nud economy.
In that day one who cSpr'saei
doubt whether chen pncsg was 90 M
mixed eva, was regarded rs u pull.
enemy. The same people who wer'
grumbllng then because things Wer'
cheap and seeking for "a remedy n
an Initiation Of the currency arr
grumbling today because they are no
,heap. bot the same old truth thul
WIS true then h true now; and eco
nomic evils OF the uuutr must "
remedlcd by Industry and economy
and there is NO other why.
There are sores on the body polite
and the sores are infected with mas
got OF the profitecr; the wounds O.
wnr are infected with the Eungreu'
OF greed. these sores and wound
must be washed and cl,uurcd. bu
they were not produced hy the prof
itecr. Rather the wounds and rore
produced the pruuiUeriuE yermiu, W
.arr. 49,. sHaHRNu nF N.RHFaI fNN.H HWs