That town had years before been the centre of trade in dairy products for the rich farming-country round about an organized market in butter had grown up there and become widely famous and its quotation of prices was recognized in all the butter markets of the nation.
#Ms monopoly flops series
In contemplating the physical universe we have made appreciable advance, but it is possible that after some centuries the record of our thinking on social phenomena will be treated by the historian of science in the same chapter as Pliny’s Historia Naturalis.įor a series of years ending in 1917 the powers of the American government - legislative, executive, and judicial - were exerted toward destroying a reputed agency of oppression, a plunderer of the people, which had its seat in the town of Elgin, Illinois, west of Chicago, and which was said to reach out its strangling tentacles to the extremities of the nation. The winds may blow, the waves may rage, but this small creature controls their fury and stops a vessel when chains and anchors would not hold her, and that it does, not by hard labor, but merely by adhering to her.’Ī fable, so out of keeping with modern thought that no one would now believe it, found at that time no one to deny it, because in that age there was a universal failure to understand that physical energy is quantitative and measurable - that the great force of a large body is not to be controlled by a little thing and feeble, ‘merely by adhering to’ it.
This belief was not confined to the ignorant populace it was entertained by the best intellects of that time, by Lucan in his Pharsalia and by Pliny the Elder, himself commander of a fleet as well as the most noted observer of animal life in the whole history of ancient Rome: ‘What is more violent than the sea and the winds? What greater work of art than a ship? Yet one little fish can hold back all their fury and can hold back all these when they all strain the same way.
Even to this day, in fact, it is a well-known species with a remnant of its ancient fame still perpetuated in the dictionaries by the name of remora (delayer) and in the zoologies by the specific name of naucrates or conqueror of ships. A diver, examining the hull, brought up a little fish of a variety which, according to general belief at that time, by attaching itself to a hull could hold the largest ship motionless on the water. IN the great sea-fight at Actium when the combined fleets of Mark Antony and Cleopatra contended for the empire with the forces of Octavian, Antony’s ship, it is said, unaccountably slackened speed and then, in defiance of the wind in its spreading sails, in defiance of hundreds of slaves bending to their oars, stood still. in the suppression of private monopoly as a thing indefensible and intolerable- JOHN W. ’WE oppose the artificial supports of privilege and monopoly because they are both unjust and uneconomic.’ - CALVIN COOLIDGE In violation of law, monopoly has crushed competition, stifled private initiative and independent enterprise, and without fear of punishment now exacts extortionate profits upon every necessity of life consumed by the public.’ - ROBERT M. ’THROUGH control of government, monopoly has steadily extended its absolute dominion to every basic industry.
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