Dull Tools Are Costly

The American Institute of Mining, Metallurgical, and Petroleum Engineers
Frank Rieber
Organization:
The American Institute of Mining, Metallurgical, and Petroleum Engineers
Pages:
4
File Size:
399 KB
Publication Date:
Jan 1, 1948

Abstract

EVERYONE is familiar with the story of the poor Indian and his leaking tepee. He couldn't repair the leak while it was raining, naturally. And when it wasn't raining, where was the incentive? Even if this traditional Indian was apochryphal, his counterparts are certainly alive today, and operating on a world-wide scale. - A recent issue of the Wall Street Journal, for example, carried an impassioned letter from an old cocoa planter, who wants the world to know why the price of cocoa has gone skyrocketing. For years, he says, British and American interests have bought cocoa at the cheapest possible price and, incidentally, from growers willing to sell at that price. Between them, they didn't put enough money back into the business, either to fight disease in the cocoa groves or to plant new cocoa trees. Until new trees are planted and come into bearing, we will be paying exorbitant prices for our cocoa, and getting less of it.
Citation

APA: Frank Rieber  (1948)  Dull Tools Are Costly

MLA: Frank Rieber Dull Tools Are Costly. The American Institute of Mining, Metallurgical, and Petroleum Engineers, 1948.

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