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Show Livestdl Mlii - 1 substantial decrease in production and we might well reflect upon the old j sayings of Adam Smith, who in the 1770's said in substance, that "whenever "when-ever the price of commodities become so low as not to yield a profit, then capital will naturally retire," with the final result of a decrease which automatically auto-matically brings about the necessary readjustment of price levels. We are none of us very inclined to j cut down production, but as a matter of fact we don't need to give that fea-! fea-! ture serious consideration because under un-der the natural laws it works itself out. We would prefer to see increased , consumption which can only come by ' providing our people with employment so they can have money to buy. I recently read an editorial in one pf our local papers indicating that "never in the history of the country has there been such an interest expressed ex-pressed and applied by the Feder il government in behalf of our agricultural agricul-tural structure and at no period has the general average of the yield per acre been so large. At no previous time has the grower been able to avail himself of -so many advantages of cooperative co-operative marketing, yet never before in the history of agriculture has the level of prices been so low for most of our farm products, but in spite of all this the fact remains that in the days when nothing but supply and demand determined prices the lot of the farm-! er was infinitely better." J There is no gain saying these state-, ments, neither do we deny the fact that no matter how far from the mark the efforts went, the fact remains that the lr.ws of supply and demand still prevail. We all recognize, too, that these efforts, whether wisely or unwisely un-wisely directed, were meant for the beat; but it is hoped that we are through with that class of legislation and activity rather a costly lesson but in all of these matters there is a fundamental principle which apparently appar-ently is jvi3t as sound today as it was in the beginning of things, that when we forsake those time-honored and tested principles we are simply headed head-ed in the wrong direction. So far as the livestock interests are concerned, price levels in certain lines are lower than ever before known. ' Personally, I am not vei-y much in favor of a harangue over facts and figures proving misguided effort with a tremendous loss of money, all of which come3 from one source viz., the people. It i3 too much like the fellow who was about to be hanged, when asked if he had anything to say, he mer-ily said: "This is sure going to be a lesson les-son to me." 'A little late for personal reformation, nevertheless profitable as a future guide. The past cannot be corrected so we must look to the future fu-ture for real relief, and with respect to the livestock industry it is plain that no real relief can come until wj get increased purchasing power or |