The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-05-20
WHAT MAY WE ENPECT?

With the federal grand juries in
Oklahoma, in Missouri, in Kansas, in
other states returning indictments
against wholesalers for violation Of
the Lever act, and with long and tedi.
Gus trials and delays in the offing.
what may We expect in the matter
of industrial conditions in this coun-
try during the next few months?
Probings and Investigations have
shown conclusively. have proven be-
yond doubt that there has been
j bunch of fire from which arose all
the smoke-that there has been more
than the cry cf "WoI, Wolf" when
there was no wolf. that there has
been a tangible wolf; that there has
been tangible fire; that there has
been real profitecring and real hoard
ing and holding of the necessary
commodities, commodities held for
higher, for exorbtant, for dishonest
profits.
Statistics will show, it is said, that
ct in order that mems and womens
clothing might be boosted to high
way robbery prices; statistics will
show, it is said, that there is more
hides in this country now, than at
any past time in the countrys his
tory and that the ones who make the
shoes. the ones who wholesale the
shoes have boosted the price of foot
wear and shortened the production,
lessened the tanning of the hide and |
its conversion into the marketable |
shoe.
What has been the cause of this?
1t goes without contradiction that
the people of the United States are |
money mad, that they have been /
money mad ever since the first boost |
in prices of war material made the |
first war milionaires. 1t goes with .
out contradiction that the same spir-
it. the spirit which demanded gain .
over honesty and prompted the manu-.
factUrers Of soldiers equipment TO fail |
in coming up to specifications, is the |
spirit which has prompted the big |
fish, the medium-size fish and the /
little fish to swallow the fish which
was next in size smaller.
That spirit the spirit Of graspng |
greed seems to have secured a stran.
gle-hold upon the American people,
and as a consequence prices on the
necessities OF life We're boosted and |
boosted and boosted again. until the |
ultimate consumer found his burden |
heavier than he could bear and the /
courts were forced TO step in and |
give relief. ga
What result may We now expect? .
What ultimate outcome may we look |
FOR!
VIII the deflation of prices be so
gerrymandered as TO bring about
financial panic, q crash which will |
AIRY tens of thousands of small deal. |
ers 10 ruin, or will the deflation be |
legitimate one, one which will come |
about gradually and Systematically. |
one which will bring about a final |
scale Of prices which will leave to |
me manufacturer, 10 the jobber, to
the retailer fair margins of profit |
and, at the same time, leave to the |
consumer a few dimes out Of his /
weekly pay envelope
As the matter appears viewed su.
perficialy, the immediate result and |
The ensuant continued prosperity Of |
The country hangs upon the deter
mination Of the American bankers |
10 see that prices become DICTATED |
without the crime Of panic.
Good wages. fair prices, full pro.
duction and conservative--not niggard. |
ly-financiering will solve the problem
(which today confronts the American
public, will solve the problem and
give us continued prosperity, a
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