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Letter March 25, 1920 from Julius Eichel to David Eichel
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constantly and those who want to find a good excuse for it blame it on the working man who is forever asking for higher wages. On the other hand the poor worker can hardly make both ends meet. The standard of living has fallen tremendously. When workers receive a 100% increase in wages the commodity they produce is increased to 200 and 300%. Everything is 2, 3, and 4 times as high, as before I left New York. Wages have not risen in proportion. At any rate a crisis is coming. Manufacturers are talking of a lockout, while workers are talking of a general strike. Stores are not buying any stock and from the few business men I had a chance to talk to I gain the impression that the worst period of depression this country has ever had to face will come along in from two to three months.
Did I tell you that I mailed Stieners frame as soon as I reached New York? I've already sent off Katz's and Maller's pictures. I wrote you that I received two communications from Maller.
With Love and regards from the folks and myself to you and with regards to all the boys, I remain
- Your brother,