Salt Lake Telegram | 1921-06-26 | Page 14 | Not as Bad as it Seems

1 Not as Bad as It Seems y I r N 1 ITS face the statement of Charles M. M Schwab that the steel industry is experiencing experienc experienc- ing its worst slump in forty years that production is on the basis of about 25 per cent of capacity js is s most discouraging But it is less discouraging g Mf if one remembers that it i is s always darkest just jus t before b rore the dawn When one realizes that the virtual tion Hion of steel as wen well as other goods over any considerable cons period of time means that sooner o ner vor or or later the shortage will have to be made up the outlook is more hopeful Just when the business business business busi busi- ness revival which must accompany the production production production tion of goods to meet demand will occur cannot be be predicted with certainty But there are many evidences that it will not be as long delayed as some of the pessimists would have us believe The reports from Europe I as a whole indicate that a a. a slow but sure change Jor for the better is occurring This is bound to tobe 0 be be reflected in better conditions in ill this country But leaving Europe Europa out of the equation it is not reasonable to suppose that the combined genius of the hundred and ten million people in inthis inthis this country is is unequal to the task of making the necessary readjustments in their industrial machine ma ma- machine chine so that it will function to produce the goods w which ich they require for their comfort and haPPiness happiness happiness' happi happi- ness ness' In the final analysis that is ill an there here is to the problem Business reduced to its simplest terms is merely supplying each others other's wants In the modern world this is a complicated process but it is absurd to assume that the people are not not not capable of pf soon getting control of the maI machine machine ma- ma I chine which they have created for this purpose