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It was a little amusing to me that I could speak with some authority to skilled and experienced agriculturists, who felt our rivalry at Mark lane, but who did not dream that with the third great move of Australia towards the markets of the world through cold storage we could send beef, mutton, lamb, poultry, eggs, and all kinds of fruit to the consumers of Europe, and especially of England and its metropolis.
As the German consumers lay out more money in cloth, they have less to lay out in other things; other money prices will fall; among the rest that of linen; and this may so increase the demand for linen in England as to restore the equilibrium of exports and imports without any passage of money.
It was stated in various newspapers, and your letter itself states, that you have been recommended from almost all sides to take into consideration the Schulze-Delitzsch organizations credit associations, raw material associations, and consumers' associations for the improvement of the situation of the working class. Allow me to ask you for still closer attention.
A higher stage of commerce, an immediate outgrowth of the preceding, is that in which the producer anticipates a known demand for his commodity, and at irregular times carries his stock to the consumers. This commerce may be called "Irregular Invited Commerce." It is in this stage that a medium of exchange is likely to develop. This class of commerce is also in full operation in Bontoc to-day.
If, when impeded from performing services or playing his meager role in the production of goods to be sold to insatiable consumers he found himself unemployed and eventually reduced to a beggar who did not even have two baht to pay for the use of a public toilet, there would be less urgency for refined means in conducting natural tendencies.
You want dealers, who have not taken your vow, to buy that yarn; weavers, who have not taken your vow, to make it up; then their wares eventually to be foisted on to consumers who, also, have not taken your vow. The method? Your clamour, and the zamindars' oppression. The result: all righteousness yours, all privations theirs!"
Price decontrol for oil and gas is proceeding. American consumers have risen to the challenge, and we have experienced real improvements in consumption patterns. The central challenge for us today is to our steadfastedness of purpose. We are no longer tempted by isolationism.
At the time a measure was before the Virginia legislature, in 1890, to limit the permissible pressures of current so as to render it safe, he said: "You want to allow high pressure wherever the conditions are such that by no possible accident could that pressure get into the houses of the consumers; you want to give them all the latitude you can."
Now, if new unproductive consumers resort to the place, it is clear that for the latter of these two purposes, more capital will be required than before. Consequently, if less is not required for the former purpose, more capital will establish itself at the place. Until this additional capital has arrived, the producers and dealers already on the spot will enjoy great advantages.
It is a frantic struggle, which carries away even the most experienced and phlegmatic; goods are spun, woven, hammered, as if all mankind were to be newly equipped, as though two thousand million new consumers had been discovered in the moon.
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