The mirror., 1920-01-15
Adam Smith said about one hundred

that is ideally conceivable, it is at least the
best that is practically possible; and it is GER
tainly better than can result from any
Government interference"
No man today will deny that Govern
ment supervision and sometimes Govern
ment control is not only wise, but absolutely
essential to the best adjustment of economic
problems. But in my estimation, Govern
ment ownership is worse than snare and
delusion. VIM. H. Taft says: ''There are
fields of enterprise over which, because of
probability of abuse by private enterprise,
the Government should assume control, not
by initiative and administration but by eff
fective regulation" In the opinion of the
writer, control and regulation is the true
province of the Government and not owner
ship or operation of any industry beyond that
pertaining to its own work.
Schoenborg says: In his economic pos
ition, in the manner and in the success of his
social activity, in all that pertains to his in
come and to his resources, the individual be-
comes dependent upon the economic activity
and acts of Others"
Thus the personal liberty of
which so much has been said and written
and which in the early history of economies
was almost unlimited, has in modern times
been very much circumscribed except in iso-
lated communities, so that today man in all
the activities of his life must recognize his
brother man.
Perhaps the greatest question today in
Economic Production and which demands
speedy attention and careful thought, is the
urgent need of an adjustment and settle
ment of the jealousy and misunderstanding
between the economic twins, Capital and
Labor. Not only is this necessary as per-
tains to the welfare of society as whole,
but it is necessary that production of the
various commodities for worlds supply
may be maintained, and it is necessary to
preserve the life and usefulness of the fac
tors, Capital and Labor themselves. In
stead of jealousies there should be faith and
trust; instead of opposition there should be
cooperation, as each one is the complement
of the other.
The conflict between Capital and La
Dor is over the division of their joint pro-
duct. They apply themselves to raw mater
ial making it finished product. The diff
ference between the value of the finished
product and the raw material is their joint
product, and which they rightfully should
divide in proportion as each has contributed
toward this increased value, resulting from
their joint effort, and cooperation. Labor
takes wages as its share of this increase in
value; and Capital is justly entitled to its
share in profits. Should Capital take all of
this increase of value as profits, then Labor
would lack and perish; should Labor take
all then Capital would lack and perish, and
yet Jack London, an avowed socialist in re-
fering to Labor taking all says: "This is
the very thing Labor aspires to do and it
will never be content with less than the
whole joint product"
The earnest prayer of Labor should be,
"Oh Lord, deliver us from our friends.
London further says: "The question is not
one of ethics, it is question of might.
Whichever class is to win will win by virtue
of superior strength. 1t remains to be seen
how promptly the Capitalistic class will re-
spond to the call to arms. Upon its prompt
ness rests its existence. 1t is no longer a
question of whether there is class struggle.
The question now is, what will be the out
come"
Notice by the terms used such as, call
to arms" Twin by superior strength, etc,
that the life and hope of socialists and their
allied sects, depends on the ability of their
leaders in stirring up strife, and in confusing
the minds of those of limited thought and
dependent discussion.
All corrupt agitators whether under the
name of Socialist, I. w. W., Non Partisan
League, Bolshevih, or what not, who by
Misrepresentation incites labor strikes and
riots are the worst enemies our Country has
ever known; and unless they are speedily
run down and dealt with, far more serious
trouble is ahead of us. We do affirm that
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