The Greatest Trust in the World (Google eBook)

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Ridgway-Thayer Company, 1905 - Beef packers - 252 pages
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Page 213 - MR. RAINEY : I am inclosing copy of H. Res. 249 now pending before the Rules Committee, and would direct your attention to my remarks on this subject in the House of Representatives last Saturday, June 4. It is of the utmost importance to the people of the United States that this resolution be acted on promptly so that the House may pass this resolution calling for this investigation before the present session of Congress adjourns. The purpose of this letter is to ask you to cooperate to the end...
Page 128 - ... from entering into, taking part in, or performing any contract, combination or conspiracy, the purpose or effect of which will be, as to trade and commerce in fresh meats between the several States and Territories and the District of Columbia, a restraint of trade, in violation of the provisions of the act of Congress approved July 2, 1890, entitled 'An act to protect trade and commerce against unlawful restraints and monopolies...
Page 129 - ... will be sold, either directly or through their respective agents ; or by curtailing the quantity of such meats, shipped to such markets and agents; or by the establishing and maintaining of rules for the giving of credit to dealers in such meats, the effect of which rules will be to restrict competition...
Page 4 - It can make, within certain limits, the price of wheat, of corn, of oats, what it pleases; it will shortly be able to control the price of every loaf of bread. "Its operations have impoverished or ruined farmers and stockmen, destroyed millions of investments, caused banks to break and men to commit suicide, precipitated strikes, and annihilated industries.
Page 5 - We are accustomed to think that the Standard Oil Company is the ultimate of monopolistic achievement; here is something compared with which the Standard Oil Company is puerile; here is something that affects a thousand lives where the Standard Oil Company affects one; here is something that promises greater fortunes and greater power than ten Standard Oil Companies. Reaching out, absorbing industry after industry, augmenting and building, by great brute strength and by insidious, intricate, hardly...
Page 129 - An Act to Protect Trade and Commerce against Unlawful Restraints and Monopolies,' by combining or conspiring together, or with each other and others, to monopolize or attempt to monopolize any part of the trade and commerce in fresh meats among the several states and territories and the District of Columbia, by...
Page 128 - ... or by combination, conspiracy or contract raising or lowering prices or fixing uniform prices at which the said meats will be sold, either directly or through their respective agents...
Page 129 - The general words of the injunction "or by any other method or device, the purpose and effect of which is to restrain commerce as aforesaid," should be stricken out. The defendants ought to be informed as accurately as the case permits what they are forbidden to do. Specific devices are mentioned in the bill, and they stand prohibited. The words quoted are a sweeping injunction to obey the law, and are open to the objection which we stated...
Page 149 - The six concerns described are almost the only extensive shippers of j dressed beef; that is, they are almost the only concerns which slaughter cattle in the great western markets and transport the product elsewhere for consumption. At the same time these companies do a smaller proportion of the beef business of the country than is ordinarily supposed, and comparatively narrow limits are placed upon the control which they could, even if they acted in harmony, exercise over the prices of cattle and...
Page 129 - ... others, to monopolize or attempt to monopolize any part of the trade and commerce in fresh meats among the several States and Territories and the District of Columbia, by demanding, obtaining, or, with or without the connivance of the officers or agents thereof, or...

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