Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

Wednesday, April 23, 2008

"Thus Far and No Farther"

1916

These soaring prices every time any one can take advantage of a situation are among the things driving the nation forward to a time when all prices will have to be regulated and fixed as those of public service corporations now are, or to something much more radical. Such is the greed for money that very many men will take such advantage at every opportunity.

No well-informed, far-sighted person can for an instant think that our industrial system can go on many decades more without very material changes.

There isn't in reality any competition in business any more. Practically every line of business is a monopoly — a business of course that is open to others; but no matter how many go in the exclusive control continues. Prices are always fixed by those in the business, and the chances are that the more that go in the higher prices will be, for all have to live.

Of course something different will be worked out. No one can predict what it will be, whether it will be regulation by commissions, whether an industrial democracy, whether Socialism.

Standpat people can no more readily stop the trend than King Canute could the incoming tide when he said to the waves: "Thus far and no farther." — The Pacific.

Thursday, April 10, 2008

Cement For House Construction

1901

The construction of cement houses is under consideration in Pittsburg, where the millions of tons of furnace slag produced every year could thus be utilized, says the New York Post. It has been shown that this slag can be converted into cement by known processes at a less cost than the $1 a barrel suggested by Mr. Edison as the result of an invention on which he is experimenting.

This cement, it is claimed, can be made fully equal to the best that is known as portland, although a lower and a cheaper grade would suffice for house construction. Pulverized and mixed with lime, the slag has been converted into a superior plaster, showing a tensile strength greater than the ordinary sand and lime.

Cement made from the slag would not only be economical for house construction, but would make practically fireproof buildings. Such use of a product now wasted or used only to fill ravines would also be preservative of the forests.

Saturday, April 5, 2008

Clever Girls Spread Germs of Red Doctrine in Canada

1920

Bolshevist Missionaries Preach Sedition in Unions While Special Classes in the Construction of Bombs Are Being Held — Agitators Work to Overthrow Government of Dominion.

MONTREAL, Que., Canada, Jan. 1. — Bolshevists from the United States are crossing into Canada, but not, as they may imagine, without the knowledge of the authorities. The Red exodus is being closely watched by officials on both sides the line and new arrivals in Montreal have been carefully cataloged.

The Red army here is freely predicting the overthrow of what it calls the bourgeois regime, encouraged perhaps by the partial success in Winnipeg a few months ago, when for a time it seemed as tho Soviet rule had been introduced into Canada.

Red meetings are held nightly in Montreal in secret, and tons of Bolshevist literature have been imported.

Much money is coming into the Bolshevist coffers. Close cooperation between Canadian and American authorities in securing the evidence against the radicals makes the local leaders anxious to avoid the limelight.

Much of the information used in the United States against Alexander Berkman, Emma Goldman and others was secured in Montreal and furnished to the United States authorities, it is declared. Lists of agitators are prepared on each side of the line and exchanged.

So confining themselves to talking, the Reds are trying to undermine the labor unions. Many unions, it is claimed, have Bolshevists in them endeavoring to spread their beliefs. In the biggest railway shops in Montreal a number of Red missionaries are at work, it is said.

The organization boasts of several extremely clever girls, and these are from time to time "planted" in certain factories. They go and secure work, and in time infect a number of their fellow workers with the Red microbe. Then they leave and go to another factory. In certain sections so-called "economic classes" have been opened. These are in reality schools for turning out Red agitators and speakers. There are tales told also of the Russian technical aid body, which specializes, it is said, on the construction of bombs.

The Government has kept a close watch on the activities of the local Reds, but has not adopted a rigorous policy to deal with them.

—The Saturday Blade, Chicago, Jan. 3, 1920, p. 5.

Friday, March 14, 2008

Where People Are Content

1902

In his book, "The Soul of a People," Mr. H. Fielding Hall gives an interesting and sympathetic account of the quiet life and philosophy of the Burmese. Among other things he says:

"And so all the people are on the same level. Richer and poorer there are, of course, but there are no very rich; there is none so poor that he cannot get plenty to eat and drink. All eat much the same food, all dress much alike. The amusements of all are the same, for entertainments are always free. So the Burman does not care to be rich. It is not in his nature to desire wealth, it is not in his nature to care to keep it when it comes to him. Beyond a sufficiency for his daily needs money has not much value. He does not care to add field to field or coin to coin; the mere fact that he has money causes him no pleasure. Money is worth to him what it will buy. With us, when we have made a little money, we keep it to be a nest egg to make more from. Not so a Burman; He will spend it. And after his own little wants are satisfied, after he has bought himself a new silk, after he has given his wife a new bangle, after he has called all his village together and entertained them with a dramatic entertainment — sometimes even before all this — he will spend the rest on charity."

Thursday, December 20, 2007

Current Turkey Models Are Bigger and Heavier

1934

Shifting of styles in turkeys is under way, according to L. E. Cline of the Nevada agricultural extension service, who recently finished a study of the present market for the holiday birds. The 1934 model will be bigger and heavier, Mr. Cline says, reflecting a consumer demand for a different type of bird which has been increasing since last Christmas.

The shift is a return to the turkey in greatest demand some time ago, the extension man says, and may be an indication of better economic conditions. In recent years the smaller birds have brought the best prices. Demands from restaurants and cabarets for larger breast meat has been an important factor in the change in consumer requirements.

A premium of one or more cents a pound is now being paid for the heavier turkeys, while for the last two or three years the price was that amount under the sum paid for lighter birds.

This condition always shows a decidedly healthy tone of the market, and if it prevails through the coming marketing season, as indications point, there will be a distinct advantage to the turkey producer.

Tuesday, June 19, 2007

"No Period" McGee Prophesies Revolution

1908

Railways, Navigation, Rights Granted

Dr. W J McGee, the distinguished ethnologist and geologist, who is the secretary and mainspring of the inland waterways commission, predicts a revolution within a few years, if the railways are allowed to continue grabbing riparian rights, throttling navigation and depriving the country of its greatest single source of wealth, its waterways.

And Dr. McGee is no wild sensationalist, but a cool-headed scientist and investigator. He points out that, with the exception of Vicksburg, there is not a single town between St. Paul and New Orleans whose river fronts and bridges have not been grabbed by the railways with the kind assistance of the legislatures. The doctor's idea is that by redeeming the river fronts and developing waste water power, the whole cost of improving the rivers would be paid for in a few years.

Dr. McGee is a self-taught scientist. While he was working on a farm he was studying Latin, higher mathematics, astronomy and surveying. He had charge of the bureau of ethnology from 1893 to 1903, resigning to become chief of the department of anthropology at the St. Louis exposition. He was the first president of the American Anthropological society, and later was president of the National Geographical society. He has done some valuable exploring work himself, his topographic survey of northwestern Iowa being the most extensive ever made in America without public aid. He is now secretary of the inland waterways commission, which has in charge the deepening and improving of our inland navigation, together with the reclamation of land and the development of water power.

Dr. McGee was born in Iowa in 1853. He is known among his friends as "No Period" McGee, for he never uses periods after his initials. He maintains that everyone calls him "W J," and that that has become his name and ceased to be initials.

Tuesday, May 15, 2007

Return to Ancient Method of Bartering Possible

1918

War Gradually Forcing Countries to Go Back to the Primitive Custom of Barter

Predictions by some economists that the time may come if the war lasts much longer that money would cease to have any value, are gradually coming true, they contend. They point out that shipping deals being made by both belligerents are virtually a return to the old system of bartering goods. As an illustration, the case is cited of the United States dickering with the Japanese for tonnage to transport and maintain the 1,500,000 troops Secretary Baker expects to have in Europe by the end of this year. Ship plates for the Japanese have been held up in this country for several months by withholding export licenses. If the United States can obtain the tonnage the Japanese may get the plates on the basis of about two tons of shipping for one ton of ship plates.

In Germany the idea has been forced to a greater extent. In Erfurt and elsewhere it has long been the practice of doctors, dentists and other professional men to insist on payment in kind.


Sweet Are the Uses of Perversity

Abstractedly, I disapprove of fishing; hunting I think barbarous; "he who wantonly treads on a worm is no friend of mine"; and yet I fish. I do not merely carry rod and reel; I use them. I suppose it is like smoking; that seems to me a feeble-minded habit and yet I smoke. Working, too, seems sometimes as foolish, and yet I work. Some pessimists have convinced themselves that living is a waste of time, and yet, so far as I have observed, they continue to live. Sweet are the uses of perversity. — Robert M. Gay, in the Atlantic.