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 by Various
page 21 of 40 (52%)
page 21 of 40 (52%)
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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. With all the Trusts the story is the same. They have slightly cheapened the price of the goods they handle, and have then controlled the market and prevented any further reduction. Each Trust declares that it is a positive benefit to trade, and while it is true that they do employ a vast number of men, and make the best quality of goods at _apparently_ the lowest possible price, it must not be forgotten that the public does not benefit as much as it ought by the low cost of production, and that all small manufacturers are driven out of the business by the enormous power of the Trust. A man who wishes to succeed to-day dare not try to compete with the Trust; he must join it or be boycotted by it; that is to say, if he attempts to undersell the Trust, all retail dealers will be forbidden to buy from him, |
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