Story of the automobile: Its history and development from 1760 to 1917: With an analysis of the standing and prospects of the automobile industry — John Shaqi
Story of the automobile: Its history and development from 1760 to 1917: With an analysis of the standing and prospects of the automobile industryBarber, H. L. (Herbert Lee)
History
Story of the automobile: Its history and development from 1760 to 1917: With an analysis of the standing and prospects of the automobile industry
Barber, H. L. (Herbert Lee)
Automobiles -- History
As yet, the farmers have not risen to the full possibilities of motor
power in economic superiority over horse power for haulage, ground
cultivation, and other uses to which the horse is now put. Elements
which will hasten this awakening are the scarcity of man labor and
the workings of the immutable law of economics. There is not enough
food being produced by the world to supply the demand. If there were,
prices would be lower. Prices will remain high as long as the supply
falls below the demand. As long as they remain high, the stimulation
to greater production will continue, and this urge can have but one
result, which is to force the producer to adopt the most economical
method of production.
It has been determined that motor power is cheaper than horse power. It
is, therefore, only a question of time when the horse will go from the
farm as he is disappearing from the cities. In this evolution will be
found the money-making possibilities of investment in the motor tractor
and the motor truck. Their adaptation to the smallest as well as the
largest needs of the tiller of the land is now being assured.
With the horse, the farmers of the United States have been able to
break up only 70 per cent of the cultivable land not in timber. There
are over two hundred million acres of tillable land that have never
felt the cold steel of a chilled plow. There are two hundred million
more acres in timber that will, much of it, ultimately come under the
plow. Besides crippling the labor supply in this country, the European
war has taken a million horses out of our supply. The case in favor of
the tractor coming ultimately into common use seems from all this to be
completely made out—its adoption in large numbers being only a question
of getting the price down to a basis which will insure quantity
production. As this was done with passenger automobiles, it would be
folly to say it will not be done with tractors and trucks.
Figures showing the total amount of money that has been taken in
profits out of the automobile industry have never been compiled. It
is a business that has developed so rapidly and feverishly that the
water churned up by the commotion it has made has not yet settled. But
there is a record of enough individual instances of gigantic profits to
prove that the largest individual appetite for dividends should have
been satisfied by the ratio of earnings already made in automobile
manufacture.
But in every case the greatest profits were in the stock of those
companies that complied with Edison’s rule of large money-making—“What
you want to do to make money is to make quantity.” And they were also
companies which made an automobile that could be “‘et’ up,” as Armour
put it, by time and use, in less time than it takes time and use to eat
up a higher priced machine.
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.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account