The Corpus Christi caller. [volume] (Corpus Christi, Tex.) 1918-1987, 1921-09-25
WHAT'S THE
MATTER With
Us, ANYWAY?
BY q M. ANDERSON, Jr.
rtcnonisl. the chgee National Bsnk,
New Hort

Tho root " our Troubles b. in Flu
rope md % b. pifficuit o. spn how We
can have really puuh business in the
limited Sinfse until conditions 30 Eu-
rope impiuv, But We con have much
heiiar business than We row tave in
the abs,nc ~ Improvement iu Eu
rope. "a W. complete our domestic l.-
adjustment
During he ncriod ~ intense acflv.-
- when W. were shipping goods 20
Europe n Unprecedented volume we
were gawing domestic uses. We neg
lecteJ our railroads we neglected our
puhiic utilities and verv especially
We rogiccied 10 keep up our housing
fscilitlef
Thor, .a - ere4f soiums ~ deferred
construction witch VIII crepf" "f'"r-
live demaui and might even lead q" q
building loom whom waeas ir ne
bundlug iradrs and building materials
shake down 10 nroper levels. nud when
afficiency IN building labor II fesi"r-
ed There lf f.Hi promise IN ne fe-
cen, decision ~ Judge lands in th"
chtraeo Hulidinf Trades arbitration.
GRANGE FOR BUYING
Quite as Important as ne question
n, ,.ag.e - the uu.stion ~ elimination
~ restrictive practices similarly "a
great deal more con be bought by me
raiiraade ana public utilities as me
pricee ~ tho things thsy need 20
down and as tneiv financial position ~
irnnroved through reduction IN wages
and other costs
% far we have only han comple'ed
mo industrial readiustmenf Tho in-
sus,rles which me var expanded
have contracted again nui me INDUS
tries which tho war smrs'i have n"'
expanded az vet i9 take mp The SLACK
There are six main resistance points
IN the domestic price readlus'men'
They are
ONE. Prices ~ finished manufnc-
,,,r.s 40 couuared with ,lw materials
and far mproducts
TWO Retail prices
THREE. wafes IN most tines ~
manufacturing and yerv especially
wages on he railroads n me hliu- 4
rninous coal fields and BOZ 1he huildinH
trades
FOUR. miidiug mnteriair
FIVE. s'eei and .ts products.
Stx pallwnv rates IN steel, build-
tpy materials. nd other uulky goods
n We could have prompt and ade
innate readiustmsnt ia these pariieu-
lore. we should speedily see much bet ;
yer business.
THE REAL TROUBLE
THO gr.at underlying trouble IL
world malndusimeut due 90 Europe
nartial wlthdrawal from her normal
Mace as the worlds great center Tor
manufacturing
Economic Ike goes smoothly when
thinrs are produced In right propor- ;
lion. WIN the present low rate w
production lr Europe. The Worlds az
rrevpfe production ls cut down hut
owing "a the shortage ~ m0nufhc-
turing capacity through me par'inl
withdrawal 81 Europe there u rela p
tive excess Of production in the nom
European world ~ raw materials ana
farm products.
Raw materials especially have as
consequence been concentrated on our
American markets and our manu-
featuring capacity, expanded though
~ was by ~. war war Inadequate y"
take care 90 ig aii our factories work
"a feverishly and were oNtrsiralned'
v. st.i. multiplied and manlfactur'
INK costs rose very high
Meanwhile. the relative excess ~
raw materials and farm products led
10 "a violent break Ia the prices ~
these things A. "a consequence the
buylne power of farmers and other
producers of raw materials WAS 80
cut iMat They could not sfford % buy
even th. relatively aeant msnufactur-
INK outpui ui nrrvlliiHg prices Then
reaction and depression 81 fcnfd me
rnanufaf ft-. H fHtt r..s NlHo