The Richmond Virginian. (Richmond, Va.) 1910-1920, 1919-12-17
THE MIODLEMAN AND
|. THE COST OF LIVING
ny LEWIS IL RANEY.

CgS' OF living, is imitation. SHOULD
say bat IS Ter cent of IL is attrihita-
n,C 30 the Increased supply Of ur-
reuCy, 'netu4tnp both money and credit
40 tine supply If currency increases.
trt value ot the dollar decreases n1st
}ite any other corr modify Each doll
lar is worth less: You will have TO give
H"~c Of Them. jn exchange for food,
rtS, as result prices rts"
Arproxirately 20 oer cent .cf the re.
manning increase n sfe cost of living
f. Cue ~ srarcttv ard rxtrav*'ea nee
Tic anpsfiirr destruction ~ proGucss
Of ali eorts and earttal 10 say no.h-
ilr ~ the decrease in labor power hy
death and disability, has asected the
worlds supply on the other hand
gN alton has stimulated oxtravpgant
buvlnx such a. We have seldom sc,-n
Automobiles and stfk shirts can har4lv
turned ont iu large enough qut7tt.
'.es 40 meet tho dem and
Tho remaining r nor rsr+ AZ th. ira
creased cost II living NAV nc at.
.,tt.4tca to nvcetoar,ug tv ,.birl I
r1-sa. takine ADVANTAGE Of ;he st:4a
,ton ia charge est-<.%s,va and unrcaysr
af.4 PRICES
,s.-.g..,-t.., .,~..,.., d..
u,~ -. -,
,-r,.,t 81. t,.,...-.y. g., L -
.-srt;.7 ,,o,,.ra, 49,. -. ..-'..-..s,7
h--4 e,rat, ,crcentrated ,.ro,,. 81 &c.,
h~odHrers This enables fhen ia main
tain prices ~ gurh q jewel above costs
that thtir profits an Investments are
lhr4or than They ce,1a be II coinpcti-
ton existed We 8na eases In authra-
g'io coal cN steel aud meat This Kind
n urDGtcrrlur Is always with us
hrr'ter sort ~ pr1fteerinr is moro
ruretr var phenomenon and consists
a' spn~t4a t-ion In 81 period 81 RISING
Friccs or" can buy almost any com
Hrtitv. h0ii II for II tirae and soil u
q. AR aGFance. During the last three
wears there NaS been much NJ this eor!
auG results In costs to tho public which
ave greater than would otherwise he
Ting Gaze SUCH speculative holding rs
properly called Droh'fcring
The Question arise have the mid
d1c-fnen " NO deal In food product been
prtf5teerlrg~ ~ is 10 he remembered
that nrnfterrtng. ts = relatively ANAL
r&r' 81 the high cost Of living Even
so tho question concerning HE middle
man has been raisei and should b.
, answered fully and frankly. In the
"a st place, the wholesale grocer rag
uet The elirhtest clement of Wonrra'r-
There are between four ahd i've t""8-
SHfd ~ th"r in IN" eehntr'. ana a}f
arc engaged IN the ke0nast sort ~ 'of5t
~ htt9n, not only IN service. hu' tn
~ 70. In thr "econd place VI" hole
sale grocer is not specp'ator There
NAV he fe" exceptions ~ ms st"tf-
t"'hf. bnt rev arc f." eE'"'t "nfi az
, merslN g." HtnHtrafo ne RUE IN zee
1 LIZ "a place t"' VS. t"'E Al "h7' me
he'"a5 hfoo'" ~ 'nH Whei'S"t' Grocer
rave oeen
ne "F'raR" net prom OF inc Wh7te-
sSttc grocer ts aFpfo&lfnatclE ner
cont on ms Seiilhe price that Is Tor
every aoiiar mat You pax i"r thineS
"hifh inc wh"lesalc grocer handtFs
per t"ht or less goes 70 pay the
wholesale grocer Tor MS hd5l"'Ss en-
if"rpf'Se harvard university mas MADE
SOM ttnates Wnlch shb~lAh tiatc thl6
STATE ment hhdihg that IN l'lN me
most common rate 81 prom ON sales
fha1e eF IN" WhoteFAtf grocer was
L. u Per cent AS inc ~aoIcsa te fro
cer turns ms stock over ABOUT hve
tunes year. nFoht OF z per cent
on safes means a proht on capttal used
! on appfoS lfnateiN ~ per cent Any
ocohot'i's' WI! fen you that inns IN q
/ very reasp'faol" Pr"n' ana can III no
sense ~ thH tnrfp indFhte pronteering-
( As tue retailers net profl Is between
- per cent ard per cent on sales We
car gay that ahoht Genus out or every
a AZ n