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Updated: June 25, 2025
It is always foolish to travel without an assortment of beads, in consequence of the tastes of the different tribes varying so much; and it is more economical in the long-run to purchase high-priced than low-priced beads when making up the caravan at Zanzibar, for every little trader buys the cheaper sorts, stocks the country with them, and thus makes them common. 17th.
"'This person has observed every variety of practical humility in the course of his life, replied Quen with commendable dignity, 'yet he now finds himself totally unable to overcome an inward repugnance to the thought of perpetuating his honoured name and race through the medium of any low-priced maiden. To this end has he decided.
He found the effect of tone and tint, in the long charged tables and shelves, delicate and appetising; the impression substituting one kind of low-priced consommation for another might have been that of one of the pleasant cafes that overlapped, under an awning, to the pavement; but he edged along, grazing the tables, with his hands firmly behind him.
Here are his own words in a letter to a statesman of the time: 'The cause of the mischief we complain of is evidently the excessive use of tea, which is now become so common that the meanest families even of labouring people, particularly in burghs, make their morning's meal of it, and thereby wholly disuse the ale which heretofore was their accustomed drink; and the same drug supplies all the labouring women with their afternoon's entertainment, even to the exclusion of the twopenny. After so formidable a picture, it is not unnatural to find him thus crying out against the influence of Dutch enterprise, which was then spreading the drink which cheers but not inebriates throughout Europe: 'They run their low-priced tea into Scotland, and sold it very cheap a pound went from half a crown to three or four shillings.
It was too expensive cost fifteen to eighteen cents a pound, and at a time when it took a week's labor to earn as much money as a day's labor would earn now. Cheap molasses we had sometimes, but not often, meat not more than once a day, but eggs in abundance. Everything father had to sell was low-priced, while everything mother must buy at the store was high.
I believe myself that they contain the whole philosophy of land speculation. For a sure profit buy low-priced land, keeping as near the "raw material" as possible; high-priced property is risky and expensive to carry.
"Alas! how frequently does the purchaser of seemingly vigorous and exceptionally low-priced flower-seeds discover, when too late, that they are, in reality, fashioned from the root of the prolific and valueless tzu-ka, skilfully covered with a disguising varnish!
He called attention to the fact that there were millions of people in this country whose incomes exceeded $1800 a year; all in that class would become prospective purchasers of a low-priced automobile. There were 6,000,000 farmers; what more receptive market could one ask? His only problem was the technical one how to produce his machine in sufficient quantities.
Twenty years ago they owned bicycles and enjoyed century runs into the country on Sunday: since then some of them have been promoted to automobiles and enjoy a low-priced car as much as the wealthy appreciate their high-priced limousines.
The impression was that a good car could not be built at a low price, and that, anyhow, there was no use in building a low-priced car because only wealthy people were in the market for cars. The 1908-1909 sales of more than ten thousand cars had convinced me that we needed a new factory. We already had a big modern factory the Piquette Street plant.
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