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Updated: June 8, 2025
The cheapness of wind-carriage may be set against the overproduction of pollen. Similar considerations may apply to the mould-fungi and other very low organisms, with spores dispersed through the air in countless myriads, but of which only an infinitesimal portion find opportunity for development. The myriads perish.
The conditions, we are assured, are no exceptions to the rule of public schools in New York, where the fatal effects of overcrowding in education may be observed in their most sinister but significant aspects. The forgotten fact in this case is that efforts for universal and compulsory education cannot keep pace with the overproduction of children.
The extent of its use will depend entirely upon what the future has in store. Well-considered and conservative measures will likewise be proposed which will attempt to give to the industrial workers of the country a more fair wage return, prevent cut-throat competition and unduly long hours for labor, and at the same time encourage each industry to prevent overproduction.
They are wasteful and improvident, almost to a man; and they learn nothing by experience, though they know as well as we do that it is simply a question of demand and supply, and that the day of overproduction is sure to come, when their work must stop unless the men that give them work are willing to lose money."
Overproduction of tobacco, overextension of credit by British merchants, speculation in lands and tobacco, and inflated prices caused the tobacco economy to collapse. The crisis first appeared when several leading Glasgow merchants failed. They were unable to pay their own creditors and unable to call in money from Virginia.
The effect of these laws was to stimulate overproduction. The Nippon Yusen Kaisha ordered eighteen large freight steamers aggregating 88,000 tons. This, together with the business depression of 1898-99, brought losses to the shipping companies despite the large subsidies. The rapidly increasing amounts of the subsidies, too, were giving the Government concern.
The average price of farm produce has fallen to about 80 per cent of the levels of 1928. This average is, however, greatly affected by wheat and cotton, which have participated in world-wide overproduction and have fallen to about 60 per cent of the average price of the year 1928. Excluding these commodities, the prices of all other agricultural products are about 84 per cent of those of 1928.
First, a diminution of the value of your staple commodity, lowered by overproduction in other quarters, and the consequent diminution in the value of your lands were the sole effect of the tariff laws.
A study of this report by those interested in agriculture and deriving their support from it will find it of value in pointing out those articles which are raised in greater quantity than the needs of the world require, and must sell, therefore, for less than the cost of production, and those which command a profit over cost of production because there is not an overproduction.
There has come, let us say, a period of "overproduction"; you have raised too much food, and therefore you are starving, you have woven too much cloth, and therefore you are naked, you have finished the world for your masters, and it is time for you to move out of the way. As the sociologist from Geneva phrases it, "Your suppression imposes itself as an imperious necessity."
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