The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1922-04-04
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Continued from Page IL

No country is prosperous unless its
workers are prosperous, and no work
ing man Is prosperous unless he has a
job. The prosperity of Il nation de-
ponds upon It's workers having jobs.
Before the present business depression
here were $4,000 paid Orators in the
United States agitating socialism and
bolsheviSm. The results of those doc
-rines are seen in Russia today. where
millions are starving. In Russia Len
No took from the peasants what prod
ucts they did not actually need for
themselves. with the result that they
ceased to produce more than they
needed. so that when hard times came
they had no surplus. nothing laid away.
hence the famine. :
Panics are produced by wild excite
ment, a pyramiding of prices. and fake
reforms. That the present business de
preston in this country did not become
he greatest disaster in its history is
due to three stabilizing agencies-the
fact that the gold of the world was
dumped into the lap of America. the
federal reserve bank. and the confidence
the people have in the practical com
non sense of President Harding.
The chief incentive to e~xertion from
he beginning of time has been the
prospect of private profit. Back in the
days of the Jamestown colony the col
E14lStN GulL4kdltA ADt -blt III tbIIllIlOl. 1t
vas a socialistic idea. But soon the
man who hoed the most corn found that
he got no moro out of it than the man
who could hoe as much but wouldn't,
with the result that one man had no in
centive to produce more han any other
nan and a long period of distress fol-
lowed. as is the case i'm Russia today.
Finally the governor saw what the trou-
BE was and divided the land. giving to
Zach ]colonist a certain share of land.
With a prospect of private gain every
Nody produced more and conditions were
relieved.
Profiteers perform a valuable service.
Every time the price OF wheat is raised
t is a distress signal that wheat is
scarce. If we did not ave those sig
1alS we wouldn't raise wheat enough to
20 around and we would be short of
bread. The only way to take the Var
0rices out of products is to produce
more. the nation which sees the light
3rst and acts first will receive the most
benefit.
Germany Triumphant i'm Peace.
Germany already has doue this and
II Germany only 235.000 persons are
die. and of these $4,000 are men.
There aren't enough idle men i'm Ger
many to take up the slack. Three mill
lions are idle in the United States and
We millions in England. England has
Debated to some extent lint America
has not lone so. Razor blades made in
Germany and sold i'll this country for
33 cents a dozen are equal in quality to
those made in America, which sell
for $1.10 a dozen, and the people are
buying them. Thermometers made i'm
Germany. which cost 81 cents and sell
for 10 cents. are sold in this country in
competition against A~merican-made Their
mometers of the same quality which cost
$1.23 and sell for S1.T5. The merchant
naturally prefers to sell the article on
which he makes the largest return on
his investment. The dollar does not
follow the flag.
This means the spectacle of a nation
defeated in war but triumphant in
peace. and of nations triumphant in
war but defeated in peace.
Production is what makes the work
ing man wealthy. The greater the
prosperous and happy the nation be-
comes. Production depends largely on
the wages paid. Unless wages are low
enough to insure u return on the in
vestment there will be no investment.
When wages are too low distress to la
Dor results. When they are too high in
7eStment stops because there is no re
turn and labor walks the streets. There
must be a scientific wage that the eco
nomic law can support. Labor pays its
own wages. because the cost of labor is
added to the selling price. and if a
worker demands an excessive wage he
robs his fellows.
\ big mistake was made when the
government granted the big increase in
wages to railroad men because it gave
group more than their share and
other group had TO pay it.
The speaker said that the political
brain could not manage business. which
* the reason why government owner
ship fails as Il business proposition. He
poke in commentators terms of the
captains of industry and said he did not
care how many millions they made for
themselves so long as for each million
which they made they gave employment
10 thousands of men and increased ma
terially the wealth of the country.