,?+S ( ,TODAY .<,FEB1 #a#h#h#g.> 

#ahhg 

,PEOPLE 3 

,$ITOR 3 ,*>LOTTE ,WILSON 

,TAGS 3 DEPRESSION ( TRADE1 CAPITALI/ SY/EM1 COMM]CIAL DEPRESSION1 GREAT W>1 ROYAL COMMISSION1 W>1 CAPITAL1 WORK]S1 WEAL?1 PEACE4 

,TEXT 3 

  

,PHOTO BY ,J,P ,ESP]ANCA1,C,C ,B,Y-,N,C ,LIC5SE ,A GREAT /ATESMAN1 A GREAT SOLDI]1 A GREAT SCI5TI/ HAVE FAVOR$ ! WORLD 9 ! C\RSE ( ! LA/ MON? ) !IR OP9IONS UPON ! PROSPECTS & CONDITIONS ( \R SOCIETY2 & IT IS H>D TO DECIDE :E!R ,BISM>CK1 ,MOLTKE1 OR ,HUXLEY BE>S (F ! PALM = BRUTAL FRANKNESS4 ,S9C]ITY1 H[EV]1 IS MU*4 ,IT IS WELL ?AT M5 ON ! TOPMO/ RUNG ( ! SOCIAL LADD] %\LD %\T !IR OBS]VATIONS UPON \R CIVILIZATION TO ! LI/5+ CR[D BEL[4 ,LET US LI/5 TO :AT !Y TELL US4  

 ,MOLTKE SAYS ?AT ! BIG ,/ATES ( ,EUROPE >E F\ND$ UPON %E] BRUTE =CE1 & MA9TA9$ BY %E] BRUTE =CE4 ,! MOD]N ,/ATE & ALL ITS 9/ITUTIONS /& OR FALL ) ! >MY4 ,PEACE )9 & )\T IS ONLY PRES]V$ BY /RONG GOV]NM5TS4 ,! 5EMIES ( ?IS PEACE >E ! PASSIONS ( ! PEOPLE1 PUBLIC OP9ION1 & ! WRITT5 & SPOK5 WORD4 ,QUITE TRUE1 ,C\NT VON ,MOLTKE2 !SE HAVE BE5 ! FOES ( AU?ORITY S9CE FIR/ IT CURS$ MANK9D1 & !Y WILL NEV] CEASE FROM TR\BL+ UNTIL !Y HAVE DE/ROY$ IT4  

 ,BUT ! ,*ANCELLOR ( BLOOD & IRON1 :AT HAS HE TO COMMUNICATE TO AN ADMIR+ WORLD8 ,:AT BUT ! GOSPEL ( PATRIOTISM1 9 ! N>R[E/1 BITT]E/1 MO/ 9HUMAN S5SE ( ?AT MU*-ABUS$ WORD4 ,PATRIOTISM1 BAS$ NOT ON LOVE ( K9DR$1 BUT ON HATR$ ( ALI5S4 ,! PATRIOTISM :I* IS ! WAT*WORD ( RUL]S :5 9 ! 9T]E/S ( P]SONAL AMBITION !Y 9CITE !IR SLAVES TO TE> ONE ANO!R TO PIECES4 ,G]MANY DESIRES PEACE ?AT %E MAY DEVELOP H] 9DU/RY & TRADE4 ',:AT TO H]1 SAYS H] LEAD+ /ATESMAN1 >E ! /RIV+S & SUFF]+S ( HUMANITY-9 ,BULG>IA & ELSE:]E8 ,& LET ,FRANCE TAKE HE$ H[ %E RU%ES 9TO W>1 = ,G]MANY WILL DO UNTO H] ALL & MORE ALSO ?AN ,FRANCE DID TO ,G]MANY EI<TY YE>S AGO2 !RE IS NO SU* M]CIFUL CONQU]OR UPON E>? AS Y\R ,*RI/IAN ,G]MAN4 ,BISM>CK'S AM5ITIES REM9DS ONE ( ! GR9 ( A DOG :5 HE SI<TS HIS FAVORITE ADV]S>Y UPON ! ROAD2 A PRECAUTION PROBABLY 9T5D$1 ,D>W9 TELLS US1 TO W>D (F ATTACK4 ,IF SO1 IT IS A POLICY UNSUCCESSFUL 9 AFFAIRS HUMAN & CAN9E4 ,QUITE PROBABLY ! ,JEWI% GAMBL]S :O HOLD ! /R+S ( ,EUROPEAN POLITICS1 & EMPLOY ,BISM>CK AS !IR MAN ( BUS9ESS1 DO NOT MU* C>E AB\T AN IMM$IATE \TBREAK ( W>4 ,BUT ,FRANK5/E9 CANNOT ALWAYS CONTROL ! MOVEM5TS ( ! MON/] HE CREATES & ! CAPITALI/ SY/EM ( COMPETITIVE PRODUCTION %[S A T5D5CY TO RUN AWAY ) ! WIRE-PULL]S4 ,!RE IS NO CURE = CONT9U\S COMM]CIAL DEPRESSION LIKE A GREAT W>4 ,IT CLE>S (F SUP]FLU\S GOODS1 SUP]FLU\S CAPITAL1 & SUP]FLU\S WORK]S1 & GIVES RISE TO A BRISK DEM& ALL R\ND1 A HEY-DAY ( PR(IT TO SPECULATIVE REM>KS ( ! ,ROYAL ,COMMISSION UPON ! ,DEPRESSION ( ,TRADE AS TO ! GOOD TIMES :I* SUCCE$$ #a#h#g#a4 ,SO1 ON ! :OLE1 ! CAPITALI/S ( ,EUROPE HAVE NO P>TICUL> OBJECTION TO ANO!R ,FRANCO-,G]MAN W>4 ,ESPECIALLY AS ! ABOVE-M5TION$ SUP] WORK]S >E BEG9N+ TO BE TR\BLESOME1 & MAY BECOME DANG]\S IF SOME ( !M >E NOT KILL$ \T ( ! WAY4  

 ,WILL ! MASSES BE DELUD$ ONCE MORE BY ALL ?IS HI< FALUT9 PATRIOTISM & ALL[ !MSELVES TO BE L$ TO ! SLAU<T]8 ,PROBABLY 2 & YET IT IS MORE ?AN LIKELY ?AT ! NEXT GREAT W> WILL SEE ACTION ON ! P>T ( ! WORK]S BUT LITTLE 9 NEXT GREAT ! WI%ES ( !IR MA/]S4 ,! LA/ FEW YE>S1 & ESPECIALLY ! LA/ TWELVE MON?S1 HAVE WITNESS$ MANY 9DICATIONS ?AT A HEAL?Y SPIRIT ( REVOLT1 & A GR[+ S5SE ( A COMMON 9T]E/ & A COMMON CAUSE1 IS SPREAD+ AMONG ! ,PEOPLES4 ,IT MAY ?AT ,BISM>CK HAS PRON\NC$ ! LA/ DY+ SPEE* & CONFESSION ( ,J+O PATRIOTISM4  

 ,LET US TURN FROM ?REATS ( W> TO ! BLESS+S ( PEACE AS PORTRAY$ BY ,PR(ESSOR ,HUXLEY4 ,9 HIS SPEE* ON ! F\NDATION ( AN ,IMP]IAL ,9/ITUTE1 HE TELLS US ?AT WE BE> MU* FROM \R EVOLUTION>Y PHILOSOPH]S AB\T ! PEACEFUL *>ACT] ( 9DU/RIALISM AS OPPOS$ TO MILIT>ISM1 BUT AFT] ALL1 MOD]N 9DU/RIALISM IS ALSO W>4 ,IT DOES NOT BREAK HEADS OR %$ BLOOD2 IT />VES ITS VICTIMS4 ,ITS WEAPON IS COMPETITION1 & 9 ?IS W>F>E NATION /&S >RAY$ AGA9/ NATION1 9DU/RY AGA9/ 9DU/RY1 MAN AGA9/ MAN4 ,! ,5GLI% >E GETT+ WOR/$ 9 ! /RUGGLE BECAUSE WE HAVE NOT YET LE>N$ TO USE \R SCI5TIFIC KN[L$GE TO ! UTT]MO/ 9 9JUR+ \R NEI<BORS2 BUT TO UNITE SCI5CE ) 9DU/RIALISM = ?IS PURPOSE W\LD BE A WOR?Y & FITT+ MEMORIAL ( ,H] ,MAJE/Y'S REIGN6 ,HAS ! MO/ 0BLOODY REVOLUTIONI/0 BR\<T A %>P] 9DICTM5T ?AN ?IS AGA9/ MOD]N SOCIETY8  

 ,F]OCI\S W>1 ITS HORRORS 9T5SIFI$ BY ! P]FECTION ( MURD]\S 9V5TION1 OR ! EQUALLY F]OCI\S PEACE1 :I* ALSO IS W>1 0& ?AT ( A K9D ! VIL] AS UND]H&1 NOT OP5LY BE>+ ! SWORD10 !SE >E ! ALT]NATIVES1 EA* F\ND$ UPON %E] BRUTE =CE1 ) :I* ! HI< PRIE/S ( \R CIVILIZATION GREET ! ,NEW ,YE>4 ,?IS IS ! PASS TO :I* \R BL9D SUBMISSION TO ! AU?ORITY & EXPLOITATION ( C]TA9 ( \R FELL[ M5 HAS BR\<T US4 ,IS IT NOT TIME WE MET =CE ) =CE & %OOK (F !SE *A9S ( MIS]Y & DEGRADATION1 ?AT WE MAY TRY :AT *ANCES EQUAL FRE$OM BR+S8  

 ,! F9AL REPORT ( ! ,ROYAL ,COMMISSION ( ,9QUIRY 9TO ! ,DEPRESSION ( ,TRADE MI<T WELL HAVE BE5 COMPIL$ = ! EXPRESS PURPOSE ( ILLU/RAT+ &  

 CONFIRM+ ! DOCTR9ES ( ,SOCIALISM1 & ANN\NC+ ! D[NFALL ( \R PRES5T SOCIETY4 ,?IS H&FUL ( REACTION>Y PR(ESSORS1 POLITICIANS1 & PHILAN?ROPI/S >E CONDEMN$ = !IR S9S TO %[ UP ONE BY ONE ! FALSE D$UCTIONS ( ! PSEUDO SCI5CE :]E9 !Y TRU/$ = ! JU/IFICATION ( ! CAPITALI/ SY/EM4  

 ,FIR/ ( ALL1 !Y >E =C$ TO IGNORE ! BOGEY ( ,MAL?USIANISM1 & TO CONFESS ?AT 9 SPITE ( ! SEV]E & UNIV]SAL & ALMO/ UN9T]RUPT$ COMM]CIAL DEPRESSION ( ! LA/ TWELVE YE>S1 ! 9CREASE 9 ! AM\NT ( WEAL? PRODUC$ HAS KEPT WELL AHEAD ( ! 9CREASE 9 POPULATION4 ,! WORK]S WILL KN[ N[ FROM ! LIPS ( !IR MA/]S H[ TO REPLY TO EMIGRATION AG5TS :O ASSURE !M ?AT WE >E TOO ?ICK ON ! GR\ND H]E 9 ,5GL&1 ! C\NTRY CANNOT SUPPORT US4 ,ON ! CONTR>Y1 WE >E SUFF]+1 IT SEEMS1 FROM AN OV]-SUPPLY ( WEAL? & AN OV]-ACCUMULATION ( CAPITAL4 ,!RE IS TOO MU* FOOD1 !RE >E TOO MANY CLO!S1 & TOO MANY H\SES 9 ,5GL&4 ,:AT DO Y\ ?9K ( IT1 />V+ M5 & WOM51 :O CANNOT GET DEC5T FOOD OR CLO!S OR LODG+ = Y\RSELVES OR Y\R *ILDR5 8 ,& Y\1 :O >E WE>Y ) TRAMP+ ! /REETS1 SEEK+ 9 VA9 TO BE ALL[$ TO WORK1 :AT DO Y\ ?9K AB\T ! OV]-ACCUMULATION ( ! 9/RUM5TS ( LABOR 8 ,ON ! FACE ( IT1 IS !RE NOT SOME?+ RADICALLY WRONG 9 SU* A /ATE ( SOCIETY8  

 ,BUT ALL ?IS WEAL? IS PRODUC$1 Y\ KN[1 NOT TO SATISFY ANY ONE'S NE$S1 BUT ON ! *ANCE ?AT IT MAY SELL AT A PR(IT4 ,NOT A PR(IT TO ! M5 :O CREAT$ IT1 ( C\RSE2 !Y1 POOR DEVILS1 HAVE HAD !IR %>E 9 !IR MORE OR LESS MIS]ABLE WAGES2 BUT A PR(IT TO ! MAN :OSE CONC]N 9 ! MATT] IS ?AT SOMEH[ OR O!R HE MANAGES TO GET ! RE/ ( ! WORLD TO RECOGNIZE HIM AS ! PROPRIETOR ( ! CAPITAL US$ 9 PRODUCTION4 ,IF HE CANNOT GET AS MU* PR(IT AS HE WANTS1 HE WILL NOT LET ANY ONE HAVE :AT HE CALLS HIS GOODS1 NOR WILL HE LET WORK]S USE HIS CAPITAL ANY LONG]4 ,!Y MAY GO ! WORKH\SE OR :]E !Y LIKE1 ?AT IS NOT HIS BUS9ESS4  

 ,! E>S ( ! ,COMMISSION HAVE BE5 DEAF5$ ) ! GROAN+ ( UNHAPPY CAPITALI/S BEMOAN+ ! 0BAD TIMES02 PR(ITS & 9T]E/S >E SO L[4 ,= A HUNDR$ YE>S & MORE !SE G5TRY HAVE BE5 VY+ ) ONE ANO!R :O C\LD GET GOODS MADE = HIM AT ! LEA/ CO/ & SELL !M TO ! BE/ ADVANTAGE1 & N[ ?AT O!R C\NTRIES >E SURPASS+ ,5GL& 9 ! /RIFE1 ! ,5GLI% 9DU/RIALI/S HAVE NE>LY DRA9$ ONE ANO!R DRY & ! ONLY *ANCE ( MAK+ A BIG HAUL IS BY SPECULATION4 ,9 FACT CAPITAL IS MORE & SUPPLI$ BY LIMIT$ LIABILITY COMPANIES1 />T$ M]ELY TO PAY !IR PROMOT]S1 REG>DLESS ( ANY REAL DEM&1 & (T5 W\ND UP AS SOON AS FLOAT$4 ,A SUBJECT = LEGISLATION1 REM>K ! WISEACRES ( ! ,COMMISSION4  

 ,& ! ,5GLI% WORK]S8 ,WELL1 !Y MU/ JU/ MAKE UP !IR M9DS ?AT !Y HAVE MU* TO BE ?ANKFUL =4 ,!Y WORK %ORT] H\RS ?AN =EIGN]S2 !IR AV]AGE WAGES >E HI<]2 9DE$ !IR :OLE CONDITION DUR+ ! LA/ TW5TY YE>S HAS 0IMM5SELY IMPROV$10 ! WEAL? LO/ TO CAPITAL HAS BE5 GA9$ BY !M2 BUT ?IS IMPROV$10 TO EQUALIZATION 9 ! DI/RIBUTION ( WEAL? CANNOT GO BEYOND A C]TA9 PO9T1 & ,I ?AT PO9T IS 0V]Y NE>LY IF NOT QUITE ATTA9$ ALREADY40 ,! CAPITALI/S' SY/EM HAS BORNE ITS P]FECT FRUIT ( HAPP9ESS TO ! WAGE WORK]1 !RE=E LET HIM BE CONT5T4 ,NO D\BT HE SUFF]S MU* 9CONV5I5CE FROM BE+ P]PETUALLY DRIV5 FROM ONE PLACE & ONE EMPLOYM5T TO SEEK ANO!R 9 CONSEQU5CE ( ! P]PETUAL 9TRODUCTION ( NEW MA*9]Y & ( *ANGES 9 ME?ODS ( PRODUC+2 BUT !N 0! DEM& = LABOR MU/ NECESS>ILY BE ALWAYS FLUCTUAT+ & UNC]TA910 & IT IS TO BE HOP$ ! ,BO>D ( ,TRADE WILL HELP HIM BY COLLECT+ SOME /ATI/ICS4  

 ,?IS !N IS ! UTT]ANCE ( ! ASSEMBL$ DOCTORS & PROPHETS ( MIDDLE-CLASSDOM UPON SOCIAL CONDITIONS 9 :I* \R MIS]Y 9CREASES 9 PROPORTION TO \R WEAL? 9 :I* ! :OLE POPULATION IS RE/LESS & 0MILLIONS ( M5 0EA* SCRAP ( LIFE 0 IS  0BUT A FE>1 & ! SUM ( IT WRET*$ & BASE40 ,?IS IS ! LA/ WORD ( ! ,GOV]NM5T WE >E TRA9$ TO SUBMIT1 TO & REV]E AS HALF DIV9E1 UPON ! ECONOMIC SY/EM :I* IT EXI/S TO MA9TA9 4 ,IS NOT SU* AN UNBLU%+ /ATEM5T ( %AMEFUL FACTS 9DE$ ! WRIT+ ON ! WALL1 ! WEI<$ 9 ! BALANCE & F\ND WANT+10 CONDEMN+ TO SPE$Y DE/RUCTION SOCIAL >RANGEM5TS SO ILL SUIT$ TO ! NE$S ( M54 

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