Salt Lake Telegram | 1918-09-20 | Page 6 | Profit-Earning Vs. Profiteering

Earning Profit Earning r vs Profiteering ring t There is is as mu much h difference between profit earning in and pt profiteering fite ring as s there is between day da and night I Y The ex exact ct difference is that discernible between between a a con c en j ti tous s peace officer icer and thet the conscienceless high n. n t All forms of business and trade tirade would be absolutely I. I useless without v J an accumulation of profits The circulation of money money 1 without ut is comparable t to an an e eddy dy in in a a a J. J t h an accompanying profit 4 fi river which while it may move in m desultory a sort sore of w way way way- y is is so sluggish that it becomes stagnant v-i v viv t t t v J No matter how much money there may be in circulation If it i moves oyes slowly as to profits it bec becomes mes stagnant For instance th mu must t. t re receive ive a profit for his clip dip else he be could not raise rai sheep i th the buyer must make ake a profit or r he act as as the he J c connecting link between en the grower growe and the lle manufacturer er the he latter la ter must realize a return oj os he cannot employ labor and operate his factory the storekeeper who handles the finished product must make a profit or be f forced out of business Eventually the grower of pf the wool may repurchase pa part t of his product in the form of f blankets or clothing He is ab to buy then cause ause h he made made a a profit from from his wool clip and a d which h be- be betwee twee e he time it jt left his ranch in the form of f raw material and her it it r returned tu ned i in part in the form of blankets or clothing it its s supplied lS lied a means of acquiring profits for several concerns besides besides' besides p p paying ying Y ng the wages of many workmen f f t t Competition has been declared d to be b the lire life gf trade but as s trade rade I could not exist without p profits ro fits it ir iC would t appear appe r th that t the i n nl maxim axim mig might t be revised and come nearer the tut truth j J y x As to profiteering there is a dividing line b between tween this form r f trading and the legitimate variety as distinct as as the wall which f r- r separates the citizens from th the nie men who have been dont don don- con con- t 4 J d of varl various us crimes against society 1 r i t Tile The ne profiteer whether he operates in war wa tim times s or or in bless blessed d' d seasons on of p p peace ce is j just as dangerous to o soci society ty as the highway highway- t f L ay anc and i nd his ms P place ace ce also vis is behind behind the nearest 1 t prison walls