The Great Round World and What Is Going On In It, Vol. 1, No. 18, March 11, 1897: A Weekly Magazine for Boys and Girls — John Shaqi
The Great Round World and What Is Going On In It, Vol. 1, No. 18, March 11, 1897: A Weekly Magazine for Boys and GirlsVarious
History
The Great Round World and What Is Going On In It, Vol. 1, No. 18, March 11, 1897: A Weekly Magazine for Boys and Girls
Various
History, Modern -- 19th century -- Juvenile literature -- Periodicals
Each Trust has its system of controlling the store-keepers who deal
directly with the public, and it makes them agree to sell at such prices
as it thinks best.
In this way the prices are kept up, no matter how much they ought to have
been lowered through cheap manufacture, or plentiful supply of the
material needed to be manufactured.
The money that is made by the cheaper conditions goes into the pockets of
the members of the Trust, and they often become enormously rich, through
the higher price which they thus force the people to pay.
All the necessary articles of food in daily use are controlled by Trusts.
There is a Sugar Trust, which dictates the exact number of cents a pound
you must pay for your sugar. A Coffee Trust, which fixes the price of
coffee. It is the Coal Trust which keeps the price of coal so high in
winter. There is a Gas Trust, a Salt Trust, a Wall-Paper Trust, and indeed
a Trust for almost every necessary and useful article.
You notice probably that the most of the Trusts are producers of articles
that we are obliged to use.
If the Coal Barons, as they are called, asked ten dollars a ton for coal,
we would still be obliged to use it. We could not go without fires.
If a Meat Trust said our meat was to cost a dollar a pound, we would still
have to buy it. Our sugar is another article which we cannot do without,
and for which we are obliged to pay whatever price the dealers choose to
ask.
Do you see now wherein Trusts are dangerous to us?
The Democrats last fall declared that if their candidate was elected
President of the United States, they would make laws whereby the
Government should be able to control and regulate Trusts.
The Legislature in Albany, wishing to prevent these combinations from
gaining so much power that they become a menace to the public, has
appointed a committee to investigate the workings of Trusts.
State Senator Lexow was made Chairman of the committee. He is that Mr.
Clarence Lexow, who was chairman of the committee which looked into the
way the police were doing their duty a short while ago.
Senator Lexow has come down to New York City with full power to call the
officers of the Trusts before him, and make them tell him how they manage
their business, how much money it costs them to produce the articles they
manufacture, and how much profit they make.
When the inquiry is finished, the committee will report to the Legislature
at Albany, which will then decide what action shall be taken.
The Trust Investigating Committee has found out from the Sugar Trust, that
the price of sugar has been lowered since the Trust was formed. But it has
also been learned that sugar has not been allowed to fall in price as much
as it ought to have, and that while sugar is cheaper than it used to be,
it could be much cheaper yet, and still pay well for the making.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account