The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-05-21
PANIC RESPONSIBLE FOR IL. c. l.

Now that the reaction. long eX'
pected, long deferred has set in and
prices have struck the sliding down
ward scale the American men and
women will pause long enough to
think and, thinking, realize that the
panic into which they permitted
largely responsible for the eXtortion-
ate prices which they have been pay.
ing under the pseudonym Of High
Cost of Living
In other words, they will now
realize that they have for the past
severa! months permitted themselves
TO be frightened into paying unreas-
enable prices for the necessities Of
life, by the cry, emanating from all
quarters, coming from the manufac-
turer, coming from the jobber, COM
.ng from the retailer and distributor,
The cry Better buy now, the market
is going up every day, going up by
leaps and bounds"
Shoes and clothing have been
bought and paid for when not needed,
paid for at almos. any old price ask.
ID. just because the buyers had suf-
Tered themselves TO be stampeded like
4 bunch Of wild longhorn cattle, and
were running across the financial
plains without thought of snare, bog
or precipice which might possibly in
tervene between the needs of today
and the prices of tomorrow.
There can be no question but that
the dealers in the different articles
affected by the deflation in prices,
have brought about this deflation
themselves. They became too hungry,
toe greedy; they We're not satisfied
with a multiple profit which a pros
porous people We're willing to pay,
out demanded an exorbitant and an
eAtortionate profit. Like the saloon.
keepers and brewers and distillers,
their own unholy aspirations dug
heir own graves and brought about
the execution of the goose which laid
the golden egg.
The public, long suffering, patient
and burden.bearing at last revolted.
Even as the hardy New Enganders
revolted against the unholy tax i'm.
rosed upon them by mandate of
George ILL., and hurled the chests
of tea into Boston harbor, the pubic
# today revolted and demanded an
Investigation, an investigation which
would show why fabulous advances
n the prices OF life's necessities grew
and grew and grew and grew.
True it is that this same public,
he great American people, drunk
upon prosperity, drunk with high
prices, drunk with advanced wage.
scales were on an orgy of spending.
True it is that the fellows who were
-arning an advance of % per cent
jycr the salaries paid them a couple
4 years ago, were drunk with the
knowledge Of having much money in
Ahcil pOChtlS ana scattered lnclr 20
per cent advances on purple and fire
iren, which had advanced 200 and
100 per cent.
But every dream Of intoxication
1e that intoxication money mad
ness or a vagary Of the delriuni
.remens, must have its awakening
nd the drunkards have at last awak.
med, have at last come out of their
.elirium. au "a
The crest Of high prices has been
;assed; the day Of extortion is be
lind us; the prufiteer has killed the
loose which provided the eggs he con
Nerted into shekels of gold: the pub
ic. money mad, has come out of that
madness and normal conditions may
aOw be seen in the offing.
But the common people, the greal
masses, the rank and file Of the civil
ian army, the wagc.earners and tat
small business men are confrontcC
with the solution of real problem