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Newspaper Page Text
WHAT THK niANTK HAVF A MH -HA IFAT AX . m,
TOLD FORFANS BY GEORGE M. COHAN
THE DAY BOOK
' ' An Adless Daily fewspaper. "'
N. Df .Cochran, ' sik " Tel. Monroe 353.
1 Editor and Publisher. T?g Automatic 51--42.
500 South Peoria St. 398 By Mali, '50 Cents a jVTonth
VOL. 3, NO. 2
Chicago, Tuesday, Sept. 30, 1913'
COST OF LIVING IS A LABOR, NOT A
MONEY PPSTJAYS EXPERT
Richard Caverly Says the Nation Is Sick If Prices Rise
It's a Disease In the Body Economic "The Amount
of Commodities That Can Be Bought With
a Dqy!s Pay Is What Counts"
BY" GILSON GARDNER
Washington, Sept. 30. "Our country's facilities and resources have
not been destroyed, but all the advantages of invention, discovery and the
abundant gifts of nature have accrued to the benefit of a few monopolists,
while the masses, shorn of -all the material fruits of-civilization, are as help
lessand hopeless as if they lived in a declining wofkf. This condition is the,
result of legislation the achievement qf .privilege. Every barrier to trade
and every law that facilitates monopoly series prices higher."
Representative John I. Nolan of California, under the privilege to ex7
tend his remarks in the record, has just inserted remarkable analysis o'
Jfcthe high cost of living prepared by Richard Caverly.
f "Bearing In mind that real price is cost measured in labor," says this
?Tk treatise, "a rise in.-real prices indicates disease in the body economic, Just
4l as increased temperature, shows disorder in the physical body.
!& "Owine to invention anrt cnnprrf! nrnexpqs fho nnTiral tcmfla-nnv nt nffnorf
yj-" " O " x-.-o-"- v w -... v....wwj w 1.HVVO,
Egjpj&v measured in labor, is , toward lower leveL s. commodities are produced
ifj win greater ease and facility they tend to become cheaper, so that one payq