What's What in AmericaBrewster, Eugene V. (Eugene Valentine)
History
What's What in America
Brewster, Eugene V. (Eugene Valentine)
United States -- Civilization; United States -- Social life and customs
The informed reader might well have passed over the preceding pages, for
they are purely rudimentary; but if he has been kind and patient enough
to follow me thus far, so much the better, for he has refreshed his
memory and will be more ready to grasp that which is to follow.
Before proceeding let me recite in synopsis these important truths which
I have already illustrated:
1. ECONOMY.--We desire to get the greatest good from mother earth
with the least possible labor.
2. WASTE.--The destruction of }
every useful atom. }
}
Every useless stroke of work. } Is a loss to all the world
}
For 100 men to do what }
10 men could do. }
3. EMPLOYMENT.--We should not aim simply to give men employment. We
must aim to make them useful--not merely laborious. To dig holes
and then fill them up is employment, but it is not useful. So is
all that work useless and wasteful which fewer men could do better
or quicker under the Trust or Combination system.
PART II.
A SUMMARY AND EXPOSITION OF THE PRECEDING PAGES.
Having familiarized ourselves with the elementary truths concerning the
Trust principle, we have now arrived at that point where we may begin to
shape an intelligent argument, but before so doing, let us summarize.
Perhaps we may now be able briefly to set forth the more important
features of the Trust or Combination.
GOOD QUALITIES OF THE TRUST.
1. It eliminates useless labor and energy.
2. It allays waste.
3. It economizes and reduces to the minimum the cost of production.
4. It reduces the world's work.
5. It tends to lessen the hours of labor.
6. It makes it possible to raise wages.
7. It makes it possible to lower the prices of commodities, and
thus reduce the cost of living.
8. It operates in harmony with the law of natural selection.
9. It destroys wasteful competition, and economizes by eliminating
the useless and the unfit.
10. It includes all of the advantages of co-operation without
altogether destroying the advantages arising out of the natural
instincts of rivalry, contest and emulation.
EVIL QUALITIES OF THE TRUST.
1. It throws large numbers out of employment.
2. It destroys many small dealers, jobbers and middlemen.
3. It tends to create monopoly in private hands.
4. It creates power in private hands arbitrarily to fix exorbitant
prices, to lower wages and to control the market.
5. It tends to create great wealth for the few at the expense of
the many, widens the chasm between the rich and the poor, and
causes concentration of wealth.
BALANCING ACCOUNTS.
Public-domain text, read in full here on John Shaqi.
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