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The brutal truth is that CHILDREN ARE CHEAP. When over-production in this field is curtailed by voluntary restriction, when the birth rate among the working classes takes a sharp decline, the value of children will rise. Then only will the infant mortality rate decline, and child labor vanish.
But it must be recollected over-production in all trades at once is impossible: capital is now not buried in pots by our great joint- stock banks; if one trade is at standstill the capital is carried to the most remunerative use that the experienced bank secretaries can discover.
This is the truth which the deniers of general over-production have seized and enforced; nor is it pretended that anything has been added to it, or subtracted from it, in the present disquisition.
That dusty table evidently the rubbish-heap of the room was Henry's first object-lesson in the half tragical, half farcical, over-production of modern literature. Such a mass of foolishness and ineptitude he had never conceived of; such pretentiousness too and while he made various melancholy reflections upon human vanity, what should he unearth suddenly from the heap, but his own little volume.
It killed them off, an' I believe that is one of the diseases of over-production. The lions, now, are forever on the trail of the deer. They have learned. Wariness is an instinct born in the fawn. It makes him keen, quick, active, fearful, an' so he grows up strong an' healthy to become the smooth, sleek, beautiful, soft-eyed, an' wild-lookin' deer you girls love to watch.
The publisher explained to him, in the kindest manner, that there was an enormous over-production of verse, and that it took a great part of one man's time simply to overhaul the cart-loads of it that were trying to get themselves into print with the imprimatur of his famous house. "You are young, Mr. Hopkins. I advise you not to try to force your article of poetry on the market.
"They're Plebs and they know it. They haven't the Guts to get hold of things. And so they worry up all those silly little jokes of theirs to carry it off."... We tried bad ones for a time, viciously flavoured. Pinky Dinkys are due to over-production of the type that ought to keep outfitters' shops.
But a different and more modified action takes place in case of over-production of the latter, or upon a failure of demand, arising from whatever cause.
Logically, there has followed, periods of stagnation, labor riots on account of reduced wages, periods of enforced idleness, and panics in the money market; all culminating in a loud demand for relief from the burden of over-production, by securing control of foreign markets.
There are now no vast areas of land comparable with those of North and South America awaiting the pioneer wheat growers, and consequently there is no likelihood of any repetition of the over-production characteristic of the period of 1874-1894.... "At a rough estimate the careful use of artificials might increase the average yield of the acre from four quarters up to five....
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