Standard Oil Company; Trusts, Industrial -- United States
if he contributed to the State campaign funds, he said: "We always
do that.... In the State of New York, where the Democratic majority
is between 40,000 and 50,000, we throw it their way. In the State of
Massachusetts, where the Republican party is doubtful, they probably
have the call.... Wherever there is a dominant party, wherever the
majority is very large, that is the party that gets the contribution,
because that is the party which controls the local matters"--which
include the elections to Congress and the Presidential election.[583]
Federal judges find the sugar trust not subject to the anti-trust
law.[584] The Attorney-General has not got decisions in the suits
against it for refusal to answer Census questions. Congress forces
the people to buy sugar of it only, and at its price. The Secretary
of the Treasury drafts for a committee of Congress a tariff like that
the trust needs. Our President is the head of the "dominant party that
gets the contribution," and he joins the sugar lobby by recommending,
unofficially, legislation in its favor.[585]
By what law gives it, and by what law does not take from it, the sugar
trust can issue $85,000,000 of securities on $10,000,000 of property,
and collect $28,000,000[586] a year of profits. Control of government,
with its Presidents, Congress, Federal Judges, Attorney-Generals,
and Cabinet Secretaries, would be a great prize. Probably none of
the trust's "raw material" would be so cheaply bought as this if it
could be purchased by campaign contributions of a few hundred thousand
dollars. In an interview in the New York _Herald_ of March 25, 1894,
the debonair president of the trust, to shame the objections of
picayune souls, cries, "Who cares for a quarter of a cent a pound?" The
answer is not far to seek. He does.
CHAPTER XXIX
"THE COMMODITY IS NOT SO GOOD AS BEFORE"
--_Lord Coke._
Three hundred years ago Lord Coke, in the "Case of the
Monopolies,"[587] declared these to be the inevitable result of
monopoly: the price of the commodity will be raised; the commodity is
not so good as before; it tends to the impoverishment of artisans,
artificers, and others.
Public-domain text, read in full here on John Shaqi.
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