Standard Oil Company; Trusts, Industrial -- United States
It was money in pocket that facts like those of the experience of
Indianapolis, Detroit, and other places should not be made known. Even
ideas must not be allowed to reach the public mind. Professor Henry C.
Adams, the well-known political economist, lectured in Toledo during
this contest, in a University Extension Course, on "Public Commissions
Considered as the Conservative Solution of the Monopoly Problem." The
"organ" gave a synopsis of the lecturer's views, which is printed
herewith in parallel columns, with a synopsis of what Mr. Adams really
said, as revised by himself:
WHAT THE ORGAN OF MONOPOLY REPORTED. | WHAT THE LECTURER REALLY SAID.
|
The lecturer made reference to Toledo |Professor Adams thought the
as an unfavorable place to discuss |solution of the monopoly problem
the matter of municipal control of |must be found either in public
quasi-public business and competition |control or in public ownership.
of municipalities with private |He advocated public control, and
corporations. But he deprecated anything|held that the State and Federal
in that line. He did not mention |railroad commissions should have
particular instances, but broadly |a fair trial, that their hands
condemned the policy pursued by this |should be strengthened by further
city in matters of this kind, and his |and adequate legislation. He
remarks had a visible effect on his |entertained the hope that this
audience. He considered municipal |control and regulation would
control of business enterprises the |ultimately protect the interests
worst form of monopoly, as they began |of the public in a satisfactory
by having the unfair advantage |manner. He was willing to admit,
of the law-making power, and the |however, if this effort to secure
tendency to corruption was greater |the needed public control by the
than when individual enterprises were |aid of commissions and
asking privileges. The audience |legislation should fail, then
was much pleased with the lecturer. |public ownershipwas the only
|remaining solution. He held that
|in local monopoliesit may still
|be wise to try the experiment of
|public control by aid of
|commissions. He said, however,
|that if anything should be owned
|and controlled by and for the
|people it would be
|street-railroads, gas and
|waterworks. He admonished his
|audience not to be misled by the
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