Pueblo chieftain., 1922-03-15
PROGRESS TOWARD NORMAL
The Wollman Review


1t would greatly simplify the task of students Of
economic conditions well governmental bureaus
problems We're possible arrive a Level for
tnns ls is
arrive at any such figures or sets of figures The term
nation in the stress campaign has :. asn
10 aepms I'm IN terms s, of aforary wage or price
or a state of 'normalcy" is measured
by individual downs. The norm in trade
what we know As n o
from group of PRODUCERS to another is
complished with the least degree of friction or con-
nco ,er 50 n es1 ,s. So t
fair price for pair of pillow shoes merely knew .S.
IN h and
did not object strenuousy trading five bushels Of
dosmatcaily corn non on basis supply
shoes result of increased production costs were too
know Sn hs that s ons
not be as anxious to trade his corn for poW shoes ON
OF 20 sa h sn % d
basis Of
as result a Of he of
with which Industrial products yielded
ahs that hss
lost TIC or their ase within
The things the farmer n,oushs s,ower e
found market for his output even at the
hira Of its oasns
wha few months g, He bought less
was long before tn. plight Of the farmer be.
co Dough. les eiothns s shoes
hns PRODUCED sy ahe in the
pH, .s nd pay
to unwise saviee from the
ment would and or
as 's es e eu spuF OF
situation it existed in IT: worst .na
essnn,ns Of ,ss, ,S HAY: %a sep sSs
lima
products have risen materially Cotton Mhe nr.
of last is s above
adVaneea a5 Dat. have .Oe and sheep
hsns sa WOOD which In +. srnns
aso and is from IS TO 40 ooi ar. espec-
ai's s'F0"k REDUCING THE DISPARITY
Tn. r.. product. ha. no. fully r =; ro.
balance necessary for an tho de-
elmo in tho prices things which the farmer has
ponsiSo for 50 mich Farm impi BE.
prices Of taken =. aa loS
Clothing cheaper, .,nou sa sfore fpe. buying can
. Ths ene sassrum nav. been build
trade. tho rssoaa So.k,T na ns making
to lay ,n.sn fs,S on They viii
como they have to s,ors 10 max.
ho contribution. necessary TO keep wages Mt 'her OK
s"S rn outlook In these industrial. eid. s'ves
occasion les. The ina smploye
. nt~ptu c IA
according win give s;5 snos.e
another downward revision Si"tns IT, ro.,s
$3.50, contend that reduce prod"ctoh e'-'
under present conditions --,~,r>r
Nevertheless and In spite OF ssis'ns avs uroc..
r,.ntr there ground for believing 'ha INC po
Of r~adIus.ment under will continue IN m
building agreement has been reached whc.es
tho barriers n way OF efficiency Will be removed
Troublesome union regulations placing limit on ou'rus
eliminated. Tho go SLOW policy OF the brick
layer. carpenter other workers II longer 10
receive union sanction This In Itself will gain
In fac, organized labor Will be Judged largely by
its willingness and its ability
creased efficiency labor union Judged
~ by the benefit IL confcrs II
an economic unit and Its larger utility depend.
its value to society Mt large II incfficien
cy ~ u restricts production thus reducing tho total
OF goods and services which tho community
to expect. !, is economic failure. march o
progress will dispose OF
. The world needs moro and more production In the
larger sense there can bc no such thing
duction 20 long millions millions o hun
and without such little comforts as civilization today
includes among It's urgent necessities.
Nevertheless. returning ou problem. "
undoubtedly making progress toward normal.
The moderate rise In farm products tho gradual
lowering OF Industrial production
materially this end. nowhere near the
boom the period where profits may counted
upon. However. working toward a basis where
tho volume of production distribution
s,snti increase thus laying the basis
pcrity.