The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-11-18
THE REIMBURSEMENT PERIOD.

II In mere iteration to repeat that the dis
patches from Washington concerning the un-
employment Of labor only proves that the re-
adjustment movement IL well under way. Tho
World has never mslod it's readers as to the
Inevitable consequences OF the gross initiation
Ind maladjustmcnt OF industry which has char
actcrized American activities for two years.
on the contrary 1t has constantly carried
words OF warning, even though others chlded 1t
for doing so. 1t has not hostated at any time
10 instantly take issue with oven the most IL
lustrious authorities when they stated that "A
depreciation OF values was not In prospect. ~
many Of them did state even after the deprecia'
ton had set In.
The immutabie laws OF economies will be
served, and whom violated they exact penalties
that may be delayed but never escaped Every
such law has boen violated and the penalties nre
about to be eSaoted. Nothing much can be done
about 1t; certainly the penalty cannot be es-
q, capped.
"a, What folly It is for either laborcr manu-
facturer to now scod the great American pub
Sic for it's strike against buying! Did not the
.cupdty OF both drive tho public to adopt the
methods which both had taught II by preccpt
and example? The buying public had no
course. To continue to buy meant tu continue
TO he at the mercy OF greed and couscencclcss
Fproriteers. Az long the cost plus system.
which had permeated every line OF human
tvity, could find liquidation In the pockets OF
the consumer. just long would the system
continue.
Tho purchasing public Is not to bo condemned,
but commended for the decision 1t made. In
no other manner could human greed be hold
within the bounds Of docency. II lis clearly evil
dent that had there not boen buying strike
by the public. before this date there would
have been a financial panic that would
have shaken the financial structure OF America
20 its very foundations, II indeed 1t had not
bred n social revolution,
OF equal Stiffness is the continued invoigh-
meni against the banking system. For had not
the federal reserve board stopped it's printing
presses from manufacturing so-callcd money
possessed OF few cents OF questionable value
and many cents OF sheer initiation, prices would
have continued to pyramid until the structure
would have fallen OF it's own weight. carrying
financial institutions and industrial plants down
IN q general crash.
Looking back on it even from this distance
one is amazed that so-callcd sound financiers
sho uld have ever permitted the thing to continue
as long as 1t did, 10 say nothing OF their havug
deliberaty contributed to it's growth. As a
matter Of undisputed fact, the buying public
proved itself much more conservative and
sounder than the financial and industrial lead
ers OF the nation.
OF course there is unemployment. For the
very good reason that thousands OF employ, s.
engaged In catering to luxury appetite find
themselves with no vocation now that tho luxury
appetite Is thoroughly stated. Nor is the cure
TO be found In syru1niug the credit OF the coun-
try to hold up such enterprises quite the con-
trary.
There is room for the mon out OF employment
Not. perhaps IN constructing motor cars, motor
accessories and rubber tires at fabulous wages
but in some other limo OF human cndcavor Al
wages that will certainly prevent them from
patronizing the threatened soup kitchens o.
standing in a bread line
The threat Of bolshevlsm is the shcerest non
sense of all; unless 1t would be the attempt Il
make 1t appear that difficult times for abc
is the cause OF bolshovism. Men have I'm a,
axe. Of the world faced adverse conditions peri