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The Trusts; What Can We Do with Them? What Can They Do for Us?

The Trusts; What Can We Do with Them? What Can They Do for Us?


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Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: CHAPTER III. THE MOTHER OF TRUSTS. N Topsy, in Uncle Tom's Cabin, was asked about her parentage, she answered: / dunno, I 'specs I growed. We overlook the most important and the really basic and fundamental fact, in the investigation of trusts, if we fail to observe that, whatever else may have tended to bring them into being and to foster them after birth, at least some of them, like Topsy, growed; that they are largely an evolution in industrial progress, notwithstanding many of them may be mere excrescences. Whatever other things stimulate their growth, at least some of them are the children, the natural offspring, of the competition which, since man began to exchange with man, has unceasingly tended towards larger and larger organizations of industry?towards concentration, consolidation, combination, and cooperation. Two things are ever to be borne in mind concerning trusts: first, that they are gigantic industrial organizations; second, that they are unions of producers who were formerly competitors. Whether or not they can wholly annihilate competition is the great question. Time alone can answer it; upon that answer depends the solution of the whole trust problem. But whether we view trusts as industrial organizations that are simply gigantic, or as combinations that have absorbed or will absorb all the productive agencies of any one industry and that have killed orwill kill competition in that industry, it is unquestionable that their origin is traceable to competition. Competition is, in a sense, the mother of trusts, despite the fact that Mr. Havemeyer of the Sugar Trust, has, in a moment of bitterness, charged that the tariff is the maternal parent of this brood of ill-repute, and notwithstanding the further fact that many, who have noticed the succor giv...


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Product Details
  • ISBN-13: 9780217111034
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 102
  • Spine Width: 5 mm
  • Width: 189 mm
  • ISBN-10: 0217111033
  • Publisher Date: 01 Jan 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 195 gr

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