EDITOR MANAGER SUBSCRIPTION 00 QUARTERLY IN ADVANCE NATION THE SEARCHLIGHT SINGLE COPY 25 Apartado 123. Cartago WEEKLY NEWSPAPER PUBLISHED SATURDAYS Devoted to the Interests of (LA LINTERNAL The Province of Limon Costa Rica generally Labora por los intereses de Costa Rica en general, especial.
mente por Cartago y Limón YEART LIMON, COSTA RICA; SATURDAY 25 OCTOBER. 1930 NUM. 52 CAUSES OF THE WORLD HARD TIMES this year.
00000 Ambition 000000 WHAT WRONG WITH THE calls a typical diagnosis of European nations have suf and, consequently, the purcha In Central and Eastern Eu of vvheat acreage in Australia WORLD? by the Digest. the orthodox banker.
fered from the current de sing povver of the masses. rope the farmers have been Here is a question that has While many complicated pression far more than the But in a sense Europe, like producing niore than they can Furthermore, legislation for been taxing the brains of eco forces have been operating, United States because of their America, is paying a penalty sell at favorable prices, vvhich, the protection of home indusnomists, financiers, and states The Commercial and Financial shallovy domestic markets. for producing too vvell, vvrites of course, reduces the farmer tries and to secure favorable men all over the earth, and Chronicle (New York) feels large part of their goods is Harold Callender from Lon purchasing povver and adds trade balances for the proteewhich the League of Nations confident that no small part sent abroad, because the don to the Nevv York Times.
to the industrial depression. tion of gold reserves has pro.
has just set Itself to answer, of the difficulty is the disas. vvorking classes are not paid in a letter summing up the Great Britain difficulties, moted a further increase of Nobody denies that for trous interference of gover sufficient to develop extensive findings of European authori according to Mr. Callender, production for home markets, months virtually the entire nments with what would domestic demand. In the United ties, this writer says of Euare due, not to intensification this causing a congestion of world has been passing otherwise be a normal develop States industries produce for rope: of production but to loss of supplies in open markets, through an economic slump, ment of industry and trade, the local market and send the It is suffering, through markets: Many of her cus breaking dovy prices there, altho it is cheering to note the foolish resort to high surplus abroad.
unemployment, for its technical tomers, including her ovvn and eventually affecting prices the recent statement of Mr. tariffs and rigorous immigra American foreign trade is skill, for its rapid advance in dominions, which used to even in the protected markets.
Julius Barnes, of the United tion restrictions to prevent tremendous, but it is only a applied science, for its admi take her manufactured goods The desire to build up States Chamber of Commerce, free and natural competition, tiny fraction of the total com rable reorganization of its inbefore the vvar, have gone in home industries is not tievy that things are picking up and the veritable mania of ex merce, healthy purchasing dustries on a rationalized increasingly for industrial pro but the efforts for economic noticeably in the United States, travagance and speculation to povver makes America the basis, for its quick adoption duction themselves. Several independence vvere stimulated Great Britain, Italy, the Ne. vvhich all classes have fallen greatest market in the world, of improved processes and vvriters on economics are by the vvar.
therlands, Belgium, Norway, vctims.
regardless of tariffs.
machinery quoted as arguing that we The idea prevails that it is Japan, and Canada. protest against the simple Attempts to solve the pro Its recovery has been so are all suffering from a ten safer to rely upon honie proWhat brings the topic up explanation, overproduction. blem of too many goods by rapid, its mines, factories and dency to overc. oduction inhe duction and home markets sharply just now is the de is offered editorially by the curtailment of production is a laboratories have performed rent in an expanding and than trust to advantageous cision of the League of Nations Washington Post: negative approach. Of course, so capably that productive accelerating machine industry. trade. It seems plausible, but to ask one of its committees Certain fields of industry, many adjustments vvill have capacity has run ahead of In the vvords of Mr. carried to its logical conclu.
to study economic conditions particularly, agriculture, are to be made, and producers in purchasing povver.
Hobson, productive povver, sion it would mean that every and make recommendations overcrovvded, but to say that some fields vvill have to be Consequently, markets are under the impetus of modern person or family should be for betterment this country or the vvorld is shifted to others. But the glutted, prices have fallen, and scientific technique or organi an independent unit, supplying The one word that has turning out more useful com constructive solution lies in millions of men are out of zation, is grovving ahead of all its ovvn vvants. That vvould hace used more than any modities than it should is development of the earning, work.
the expansion of markets. dispose of all the conflicts other by writers trying to absurd.
Attention is called to other and maladjustments arising acor ar the vvorld present Hundreds of comforts could economists who find the fun from industrial organization.
business discontents is over be added to the average home, damental cause of the depres The vvorld has too much production. But of late, au vast quantities of additional sion in the restriction or con sugar, coffee, vvheat; textile thorities have been finding such clothing be used, and the centration of the vvorld gold materials, and other staples, an explanation inadequate if number of automobiles in use supply. And then there are traceable largely to undue not incorrect. Some say that might be trebled vvithout ex.
the nevy tariff vvalls vvhich stimulation, either by the vvar instead of overproduction, it ceeding the legitimate needs Tis ambition that can give, are encouraging uneconomic or legislation. The goods pile is underconsumption or mal of the people.
True elevation while we live; manufacturing in many loca up in the vvarehouses, prices distribution. Some blame the The capacity of people to lities.
break, and the producers are Tis ambition that inspires, vvar debts, some the tovvering consume is inexhaustible.
The vvhole trouble, in the unable to buy manufactures tariff vvalls erected since the The vvorld is not producThe humble ones to climb up higher, opinion of the National City because their ovvn incomes vvar, some call our rulers ing too much, but the econo.
Bank of Nevv York, as exprest are reduced.
inept or vvorse. And a num mic adjustment is such that Tis ambition that can make, in a recent bulletin. is the Japan, India, and other ber of our most thoughtful the people are not able to pay An humble peasant to partake upsetting of the world na countries, in the past large students of political economy for all that is being produced.
tell us that fundamentally it tural industrial equilibrium, importers of textiles, have What is needed is greater Of that grand illustrious credit; vvhich dates back, of course, become producers on a lovv is all a matter of misuse of purchasing povver. The United Through which is gained by one own merit to the World War: cost basis, and are bent not the vvorld gold supply. States has done more to only upon securing econo The vvar disturbed establishtypical banker, the governor expand the purchasing povver Tis ambition that can make of the National Bank of Belmie independence. but achieved relations by giving an of its people than any other True optimism to awake; enormous stimulus to produc field. Moreover, it is impossible ing positions in the export gium, blames underconsump nation. Operation of industry tion, intensified by the Wall tion outside of Europe, partiat the modern rate would be In any one to take a stand, to refer to the relations of Street boom and collapse; impossible in a cularly in staple products, and civilization To arise and shine in any land.
Asia to the present situation, the lovy prices resulting since artificial interferences vvith yvith a lovver living standard.
vvithout considering the abthe vvar in some instances prices in Canada, the United If the standards of other Tis ambition that incline normal conditions existing in have stimulated efforts to States and Brazil; overborrovv peoples should suddenly be Downtroden ones to rise and shine; China, India, and throughout increase production as a means ing in Australia; political raised to the American level, the former Russian Empire.
agitation in India and Egypt, there vvould be a By saving precious little dimes, of making up for lovver prices, serious as vitness a further increase and the unsatisfactory internal For to avert some serious crimes.
Continued on page underproduction of goods, condition of China and Russia. and consequently a vvideThis the London Economist spread stimulation of industry. Tis ambition gives the fire To humble ones to aspire. Tis ambition breaks the wire, The pesimistic hopeles wire.
In consequence of his By the Panama Star admiration of Britain and Herald we find that We can enter through her door, wartime activities for the Mr. James Clower Supt For in her boundless precious store, common Cause and for her of Agriculture on the Bocas The position as given cannot prevent a man from There that special priceless power; fortitude and forbearance Division, running withont out by Mr. Thomas shooting himself if he wants To sucker one to climb the ladder.
in the burden of peacetime orders towards Almirante Minister of the Dominions, to; you can only advise reconstruction, Mr. Edward from Guabito, came in at the Imperial Conference him that it is an unwise Yea ambition is the cause, Harkness an American contact with an Cricket now in Session is quite thing for him to do Although Why many men have made good laws; multimillionaire has donated Excursion train, and in clear and decisive, as to it was generally taken for Tis this rare and inward source, over Ten million dollars to attempting to jump from the question, of the posi granted that recognition of British Social and educa his Car got his foot caught tion taken up by Mr. James the absolute equality of all That can inspire one with such force.
tional works, which he in the Rail and broke his Hertzog Premier of South the dominions implied the Tis a gem of nature store designates as the Pilgrim leg, fortunately the Engineer Africa, demanding a ruling right to secede, as per the And within there are many more; Trust.
Was slowed down to pass as to the recognition by Imperial Conference of Dormant waiting, to give the throw, In discussing his liberality over a weak trestle bridge the Conference of the 1926, yet Mr. Thomas To humble peasants who crave to go.
from the standpoint of an on the curve, which saved rights of the dominions reply, is the first actual American to a foreign the occupants on the seceding from the British tadmission of tha right, MOULTON country, he asserts that he Motor vehicle the Supt.
Empire, should they feel since the question has been feels himself bound by many and his two servants from inclined.
instituted by Premier HertPACUARITO ties of affection with the instant death.
Mr. Thomas said, No one zog of South Africa.
land from which his desSociedad Tipográfica de Cartago questions that right. You 0000 000RR cendants hailed.
Númere 1512.
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De aceea000000000 0000 0000 0000 0000 00000000 Eeeeeeeoeo 000000000A Great Life AN OFFICIAL INJURED Position of Dominions in Gommonwealth