"The mass of the small dealers of that time were no better off, in
many respects, than the wealth producing laborers, but being in some
sense a part of the profit-exacting system, they held to it longer,
in the vain hope that a time might come when by some fortuitous turn
in business, or lucky speculation, they could amass millions. As a
class they had never devoted themselves to an earnest and careful study
of economic questions, but as long as the people came and purchased
goods and left a profit in their hands, they were satisfied, and
paid no attention to the far reaching influences which were surely
paving the way to their ultimate failure in business. Hence it was
not until just before the end of the old civilization that they began
to realize that something was the matter. Sharp competition among the
large number of small dealers reduced the average profits below a fair
compensation for the labor expended, and large combines with unlimited
money capital, were able to meet the universal demand for cheap goods.
The dealers were finding themselves crowded out of business. They
blamed their customers for not giving them the preference, even if the
large department stores could afford to sell for less. They demanded
legislation against the large stores and took an active interest in the
Anti-Trust agitation of the time.
"This opposition to Trusts and Department stores, like the farmer's
organizations and trade unions, took a very narrow view of the
situation. They saw their profits decreasing and their sole object was
to prevent this, without any reference to the interests of the people
who as purchasers of goods must pay all the profits. The masses of
the people understood their motives and did not hesitate to patronize
Department stores and purchase Trust products, provided they could get
them for less. They might have been able to protect themselves from the
inordinate greed of the trusts and combines, by taking their customers
into partnership and with their assistance organizing consumption and
thus controlling distribution for the equal benefit of all. This would
have been in exact accordance with the ideal that had been handed down
in their system of religion, that we should always do unto others as we
would have them do unto us.
Public-domain text, read in full here on John Shaqi.
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