Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-03-09
u, Grorge ~. Cnpprr.

ilS George ~. Capper.
our commerce has been. aud W.ll
h going through the strain uf read.
jusimrnt and dotlaiion. which either
has affected. ~ Will affect ayory line
90 business that exists. The first
'hnkeup his given No al many sleep
less nirhtA The bubble broke. aud u
great changh1 came. ~ II over night
II bee, mes Il commercial storm. which
caused every same sailor oi commerce
"a Jump ~ his job. stimulate his II
FORTS, and clear hls decks Tor the new
order Of things
Retail merchants ceased buying NJ
most entirely. with no purpose IN
mind except Ia save their own hides
a. turn their high cost merchandise
INTO money. rp that they might again
operate ON the new order 90 things
ana according ~ whatever the new
market would be-. They cared not
thcr The mgrKct wnE high en- low
so 10 speak. Tor money hccam, tighter
ANA necessity caused their action.
Many merchants cancelled order,
right and left. bat bear IN mind that
many others were nrctty good sports
They accepted their orders and have
either tnkcn thc,t medicine co are nov
taking IT,
A. IN all eases of quick ana radical
changes the retailers action reflected
back all along the line from man
fiacturcr % the producer ~ the raw
materials.
With No orders being placed. fac
tories llgau to Clusr down. which
was. ~ course. had thing In man,
respects. hut again good thing. fni
u has not only brought labor To it,
senses, but many ~ the rest uf us.
Cor We have come 60 realize that W.,
cannot close factories and reduce Labor
too low without having Il all become
a boomerang and nrovc a. be- a Knit,
which cuts on both sides \ ut1e Of
this was necessary however. for IL
was necessary a. take the Initiation
out of labor; ! Wy. the imitation, when
initiation existed not to reduce labor
from the point uf vicw TINT mnny src
/ H. Who're Initiation uXists. Il must
ana viii come out. whether II be I'm.
/ Hated prices II merchandise. profits
labor. or what not. hut II will not come
I out of all things 40 once, II took s.y
I rral v'1rs 90 bring about this Inflated
condition, and while this first shake
~ hn' caused great deal uf il Ia
I disappear, TIE Indications seem g. he
that the balance viii extend over a
| period ~ a few years.
! We have all had a much needed les
son. Now we must work. and when
! say we" | mean each and every
one of IN. including what is generally
called labor A. fast ~ we work.
create. and produce. and no faster. will
prices gradually come down Ia wha,
win ultimately he called the American
Standard 81 things.
II would seem as though we would
eventually stabilize ut about so cen,
moro than the nro.war noriod: IL /,
any mans guess however. as 60 what
that flture may be.
As previously mentioned. retailers
Wholesalers, and many others. STONED
buying ana ccntcred their efforts on
one. and only che thought. namel,
selling; o. sell and o. liquidat,
seemed necessary, oven though IN,
wheels of commerce slowed down
They continued a. slow down. and IN
th' minds ~ many. great depression
was fncAng MS. Something had beer
started that might Ro too far. Som,
realized the danger II too great q de
PRECISION. and further realized that n
was noi question ~ whether tho,
nrld their merchandise al a profit ol
M loss
II hccamc public duty; yes. a pa
/ tioiic duty. Ia sell merchandise M
whatever price would move the mer
chnndi'v. pa Tint thpy could in turn
Sinrt orders flowing 10 the Wholesalers
and factories
~ tho present time retailers ar,
buying. brt buying snnoly. and M fas
~ liquidation takes place. moro order,
VIII begin to flow. consistent how
over with bubble consumption. II vii
%" many u long dpy however. befor,
r',ail o. win again buy ~ tccklcssl,
uB has been the case during the boon
lufi past-cnuugh Is enough.
A. business had prepared 10 taxi
care ~ an Inflated condition. In tn.
form Of many Increased factorios
etc. and AZ this initiation has now dis
appeared. II becomes question %
very keen competition. or possibly
question u the survival of the fittost
N'cc1arily. with a condition II thii
nniur" and buyers market. the ten
doncy viii be- b. work on smaller mar
gin' ~ profit.
Tho time hns como when We mus
earn The rIghi io whatever success
wo wish To- have, whether our business
hc retail az wholesale We mus, &c