The Wool King.

Horowhenua Chronicle, 15 April 1910, Page 4

The Wool King.

SO.UH "LABOUR" FALLACIES

The wool grov.. in tho Dominion has been niado ciio butt of tho Socialist a^i-Ui.tf.; , «•» such an extent a;.. I fi.r si> man,- years, that thy majority of people take it for granted he must l)j the Sfici.'il J):wt he is had up to be (says tin , . "Okiiunko 'l'imes.7) Ti'.ere ar,v, however, some redeem in-; features _ whicli mitfli't pli'iul foi , W A " t! "" I,,nn ~ "' ii..|,t of existence. Tlu* Socialist-Denio-rat has a lofty disregard lor capital and capitalists, and in-eache.s that the sob smirce of wealth is l-jboiir. I-ike most ol the kind there is a cert am amount of truth in this premise. The one point overlooked is the failure- to define '-wealth.' , T-n # olden tunes amongst the more eivili.'iwl people, an.! at the present <la.v savages, the of ofi-ttlt:, sheep, irrain cicps, ivory, and in iiiy other'classes of gootls indicatwl il'O relative w'ealth of the. holders. _ 1.) obla.iii thisi class of wealth labour is necessary, hn( if i-'iw lnwir'is o the millionaires are to be c(Misrl.!.;ed •is wealth, tlieii tliu miillipli 'ation of these million can hardly be said to be the result of hilrour direct. I'nlcss a. man has profiUiblo _ t-'in-ploymeii-t InV. polver to labour is of little value to him. In «i'<l.« r to • ■•ire this employmiMilt. capital nniJ, f , be iiu-oke:!. ff it is a factory tiut it to provide the source of lii'if.nr. then there must be capital t)_ei<rt; the works, i.istd' tlw maeni.nvv. provide the raw mfiterial, ~.ty t-ie WMf'is. and market Ui« man il h> tuml L'/X!:!s. Oiw oftJie ch'- f (;Ipnieiits in inciting this npp!''«tioi/ of capital is the chwipwßS of nH.no.vV,'hen money is dear staKiiario-.i in commerce oi' all descriptions i.* erident, because dear motley lru.ir.'.scarce nuiney. When mi tho ft'io) ii' Mid money is' chenp, specitla-ti.iii and inve'itment receive a great iiiipulse. Recently the domini n had to face a dear money niar'vt, v.'iih the result that all bran \ios of iudustry suffered. Spcpulaliin in land got a, set hack, building op-, rations wcro partially throwing great numbers ,Mif-'<f i-m----plnvmeut. and most other suffered in like maiMier. 'J he fust pip.-h nf ithe (if in.)'ic,' v a? felt liv working men the (loiiiinion. and the uy f:f ihe unemployed was heard i:- many centres. If labour is the r :o ! e p".fl.i<» r of wraith, why did not th'v-e wo-k-I < r.s who were'idle go to werk and i piodiiee tho wcilth iuv :---s.n-y lor ! tl-ci'- needs? Why >.'.«'<. -iol their agitator leaders point ..r.t _to thorn !ir.' channels in whicli their power vo hib::iir would meet their ne.'i-f.M tics? Iμ , ! , the simple re-i.-:n,) that l:iiboiir is powerless witho.lt »Ik , <i'<l ol capital. As so-on as money '.e----(.li- che'ii); , ! - iiulustries htc full swing again, and there is no longer iieard the cry of nnempl.ty.;!. is it that has caused this charge " These wh:> can read the niciietn?V barometer have no !ie;i:il!o:i i;i ;!S"ri!.-ing it to the- vast increase in our export of a.trncuHiiril and cia'.'-y pioduc'e, and the great incn-a* l n: tiu. value of wnul. The it , ! :e.:.--e oi the year closed on V A'.-.ivh. is coni|iared with the previous_ year. :; nearly four and. a half !iii''oi:;-,. VVi:;;l is res-p.-ni'-'ible or t!., , i:iig>vt -•!•!:re r,f this increa'-e. I!' Ihe !:ib(■,irin" ii': , n ;n>>] .arlisai's would r -iv ....,;<•!.■■:!>• I'li-.'l:. i'li-v cci'd not l-il to see that tin wcol k'.'-rs a»;e <:f vpry material benefit In them. fhri.!'>fh beiug t!n> mems '-f 'cdncimr tb-.' value of morev. and i'-'i cmiikini: it available _ for indu-t'ial .-iii|i!ovu;ent. Ti:cr;v\'-iMg Hie_ r.'ai'iifacfuriir.r power (if th" d-' > inri.i i< j'Mt- ef niu-'li UK , , w!i"!i H't <e is i.e. outlet or export for the manufacture'.! eo;ii:n'-' l iH.">. Tlie staple pr. , )- •'r'.'.x -if , wh-i' i'li , c'"i"fry m !■:■.!•.■ (!>) !',■ r Ihv iiccuimil'it ion oi it.-: v.-.-:i!ili. a" I c'Mr-'.'Our-'.l ciiipli.- , :;■■ 'i( f its I'b .Mr'-'; :;;r! p.r'isa-r-;. ThenI, d fi.r 1.-'tb cla-v.-.-s. and ili-.-v '•lio-il'l work in liiiHiitriy i" as^is! - mi.. -Mn■■'''!'l-. fr' nr!id'ic ( « ti ■■ nx-ir-...;f iw.vefit- t" '<11. T!"> fnei who •>.>;i'ile ! i set ( '■"■'s c| : i ;; ; ;h(- (,•..:)..,•>.■ f,, ili.-ir feller la 1 .micrs :;n 1 il'elr (-.'.u ii fry's we'l'-i/e.