Harper's Pictorial Library of the World War, Volume XII : $b The Great Results of the War
History
Harper's Pictorial Library of the World War, Volume XII : $b The Great Results of the War
League of Nations; Treaty of Versailles (1919 June 28); World War, 1914-1918; World War, 1914-1918 -- Economic aspects; World War, 1914-1918 -- Finance
One of the plans to prevent the discontent arising from food speculation
promoted by retailers and profiteers, was the preparation of fair price
lists to protect the consumer. Every week new price lists were prepared
so as to cover new fluctuation of cost to the retailer. These lists were
given to the newspapers so that the consumer might be steadily informed
and advised as to what he ought to pay the retailers in his city or
town. It was shown how the patriotic retailer gained by the protection
that this list afforded him against the danger of unpatriotic
profiteering. The United States Food Administration explained in a
public statement the significance of the fair price lists. "They were
nothing more," it said, "than bulletins to inform the public of the
prices the retailer has to pay for certain foods, and the price he has
to sell them to the consumer.
"Such a bulletin at one stroke does away with all the obscurity
which too often veils the price increase which takes place at
the hands of the retailer.
"To give an example, it shows at just what price a retailer is
able to buy oatmeal and at just what price he is entitled to
sell it. If any retailer decides to set upon the food he has
for sale a higher price than that which brings him a fair
profit, he is labeling himself 'Profiteer.' And thereafter it
depends upon the public's own choice whether they shall trade
with him or not.
"In accordance with the plans of the Food Administration such a
system of fair price lists is now in operation throughout the
country. Every week new price lists are prepared so as to cover
new fluctuations of cost to the retailer. And these
up-to-the-minute fair price lists are given to the newspapers
to print so that the consumer may be steadily informed and
advised as to what he ought to pay the retailers in his city or
town."
HOW FAIR PRICE LISTS ARE MADE UP
"In theory the plan is the simplest imaginable. But it is
complicated by the size of this country and by the variety of
local food conditions which are bound to affect the price at
which the retailer can buy and sell his foodstuffs. It would be
utterly impossible to set forth one fair price list which would
_be_ fair for every spot in this country at any one time. A
grocer in Calais, Maine, may be able to buy potatoes at a lower
rate than a grocer in Snohomish, Washington. And the grocers of
Red Oak, Iowa, may have to pay a different price from either.
Obviously, each locality must determine its own fair price
list.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account