Ogden Standard-Examiner | 1921-02-05 | Page 7 | Business View is Encouraging

BUSKS III I is encouraging: I Employers Warned Against I Undue Wage Cut or Curtailment ' NFW YORK. Feb. By Confidence ! that business will soon settle down on Bound fundamentals was expressed by ; leading financiers ami practical economists econ-omists last night at a dinner of the Association of Stock Kxchange Flrm9. James S. Alexander, president of the National Bank of Commerce lh New York, cautioned against Idle waiting for the iubllc to 'resume active buying buy-ing urging business men to stimulate I purchasing by reduced prices based on ! keener efficiency in production and I the acceptance of "reasonable margins mar-gins of profits." "In tills connection," he added, "the growing tendency of labor to become more efficient and Its willingness to .accept some liquidation of Inflated wages, Is encouraging. The readjustment readjust-ment Is favorable, to the Individual w orker. "Comjetitlon for work means stimulation stim-ulation of efficiency and staunch In-dlvldualsm In-dlvldualsm as opposed to radicalism An abundance of labor permits employers em-ployers to choose workmen Intelll-gei Intelll-gei tiy and co-ordinate wages to their I proper part in production costs, facll-i facll-i Hating the establishment of j)rlcf lev-. lev-. els best for all. "But employers niUKt play fair and not attempt to lower wages unduly or I to enforce greater curtailment than j circumstances warrant. They must recognize that In any country worth 1 living in. the standard of living tends ever upwarda."