The Trust, Its Book: Being a Presentation of the Several Aspects of the Latest Forms of Industrial Evolution

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Doubleday, Page & Company, 1902 - Antitrust law - 255 pages
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Page 4 - ... against the innovation, simply because it was an innovation. It was vehemently argued that this mode of conveyance would be fatal to the breed of horses and to the noble art of horsemanship ; that the Thames, which had long been an important nursery of seamen, would cease to be the chief thoroughfare from London up to Windsor and down to Gravesend ; that saddlers and spurriers would be ruined by hundreds ; that numerous inns, at which mounted...
Page 190 - There is coming a neck-and-neck contest between European countries and the United States for lucrative connections with the outlying regions. There is also coming a later and grander contest between both America and Europe, on the one hand, and Asia and Africa on the other, for the command of the traffic of the world. In this contest victory involves more than any hurried expressions of mine can indicate. It means a leading position in the permanent progress of the world. It means positive wealth,...
Page 46 - Rome, in the height of her glory, is not to be compared ; a power which has dotted over the surface of the whole globe with her possessions and military posts, whose morning drum-beat, following the sun, and keeping company with the hours, circles the earth with one continuous and unbroken strain of the martial airs of England.
Page 13 - It is not an unreasonable supposition, that measures which serve to abridge the free competition of foreign articles have a tendency to occasion an enhancement of prices; and it is not to be denied that such is the effect in a number of cases; but the fact does not uniformly correspond with the theory. A reduction of prices has, in several instances, immediately succeeded the establishment of a domestic manufacture.
Page 87 - The following are the principal ones: raw material, bought in large quantities is secured at a lower price; the specialization of manufacture on a large scale, in separate plants, permits the fullest utilization of special machinery and processes, thus decreasing...
Page 170 - What remains for us to do, as practical men, is to look the conditions squarely in the face and not to permit the emotional side of the question, which has its proper place, to blind us to the fact that there are other sides. We must set about finding out what the real abuses are, with their causes, and to what extent remedies can be applied.
Page 15 - State should not only be strictly just, but scrupulously fair, and in its relations to the citizen every legal and moral obligation should be recognized. This can only be done by legislating without vindictiveness or prejudice, and with a firm determination to deal justly and fairly with those from whom we exact obedience. I am not unmindful of the fact that this bill originated in response to the demand of a large portion of the people of New York for cheaper rates of fare between their places of...
Page 12 - ... pearl ash, Pitch, tar, turpentine and the like. There remains to be noticed an objection to the encouragement of manufactures, of a nature different from those which question the probability of success. This is derived from its supposed tendency to give a monopoly of advantages to particula(r) classes at the expence of the rest of the community...
Page 15 - ... It is manifestly important that invested capital should be protected, and that its necessity and usefulness in the development of enterprises valuable to the people should be recognized by conservative conduct on the part of the State government. But we have especially in our keeping the honor and good faith of a great State, and we should s,ee to it that no suspicion attaches, through any act of ours, to the fair fame of the commonwealth.
Page 25 - It must be remembered that all trade is and must be in a sense selfish ; trade not being infinite, nay, the trade of a particular place or district being possibly very limited, what one man gains another loses. In the...

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