Competition; Monopolies -- United States; Trusts, Industrial
Surely with a full appreciation of these evils, every honest and
patriotic man must be willing to use every endeavor to strike at the
root of the evil. The public indeed is, and has long been, a unit in its
opposition to monopoly; but in endeavoring to defeat monopoly it has
taken just the course which could give no permanent gain. Cities have
beggared themselves to aid competing railway lines only to see them
consolidated eventually with the monopoly which it was expected to
defeat. The multitude regard Claus Spreckels as a benefactor--and will
till he forces the Sugar Trust to divide their 25 per cent. profits with
him in return for the control of his refinery.
It is no benefit to us if in steering away from the Scylla of monopoly,
we be wrecked on the Charybdis of wasteful competition. We have been
trying for a score of years now to defeat monopolies by creating
competition; but in spite of a universal public sentiment in favor of
the reform, and notwithstanding the millions of wealth which we have
poured out like water to accomplish this object, monopolies to-day are
far more numerous and powerful than ever before. The people who are
groaning under their burden of oppression are anxious for relief. The
remedy they have so long and faithfully tried to apply has but made a
bad matter worse; and it is small wonder that, despairing of other
relief, they are adopting false and injurious plans for bettering
themselves which serve merely to extend the monopoly policy into all
industrial affairs.
We are threatened with a state of society in which most of the principal
industries will be wholly given over to monopoly. Those in each
occupation will band together to secure the greatest returns for
themselves at the expense of all other men; while the few occupations
which cannot thus combine in a monopoly--farming, and the different
sorts of unskilled labor--will be filled to overflowing with those
crowded out of other callings. Those who follow them will do so only
because the monopolized occupations are closed to them. Thus will our
farming population degenerate into a peasantry more miserable than that
of Europe, and our laborers be ground down to a level lower than they
have yet known. Is there a probability that such a state of affairs will
come to pass? There might be if the public were not keenly alive to the
curse of monopoly. But as it is, the greater danger is that through
ignorance a wrong course may be adopted for the cure of our present
evils, which will aggravate instead of curing them.
XIII.
AMELIORATING INFLUENCES.
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