The Honolulu republican. [volume] (Honolulu, T.H.) 1900-1902, 1901-06-09
Books and RppEnakeIs.



a combination o. persons. 70 such an
extent that that person or combination
oI persons IS able 10 control the price
of the economic good de clearly
SHOWS that while monopoly prices are
10 a certain extent regulated by he
desire OF the uonopoliEy 70 obtain the
greatest possible net returns. never
rBeiess. these returns depend on sales.
aud sales depend on demand, and de-
maud IS conditioned by needs and
nekds are finite and limited IN their
nature he traces the history OF
mon0polies back 10 ancient times.
adducing 'as typical examples me
hard bargain Lriven BY Jacob with
his brother Esau and the corner in
food products manipulated By Jacob 8
Willy son Joseph during the famine n
Egypt Human nature has ever been
the same. and men have striyen 10
buy in the cheapest and sell In the
dearest markets. Those who have SUI
fered or thought they suffered from
their fellows growing r7ch from acci-
dental or fosiered monopoIies have
often striven 10 regulate them. and
Tlr. lie Rossignol gives exceedingly
interesting examples of this perpetual
warfare between supply and demand.
de explains and illustrates the rise
ol the medieval guilds and the in
fiueuce which they exerted on civiI'
ization. He shows that they existed
in Roman times and that in many
cities In England and Europe they
had a preponderatine power in NUM-
cipal affairs ultimately tending toward
democracy. Even nov the Lord
Mayor OF London is elected by the
twelve great Livery Companies, the
members OF which are by no means
tradesmen. FOR statesmen may be
MERGERS. generals. haberdashers and
scientists. fishmongers. He shows
Che advantages OF patents and copy
rights. though he does not deny that
sometimes they may work hRrdships.
He then takes up municipal monopo-
lies and throws the weight of his
judgment In favor of private owner
ship under public control He is
firm believer in individual initiative.
lie argues strongly that as railways
are public highways they should De
under the supervision OF the United
States Government. and he believes
that the interests OF all would be sub
served by one great continental sys-
TEN He SAYS railways are naturally
monopolies. the tendency OF their
evolution Is toward more complete
monopoly. and the hope of better
things lies not In the extinction Of
monopoly. but in the control md
direction Of il.
In the same way he sees the ad-
vantages Of trusts" or great cor
porations. They are "a power for
good" The evils connected with
them are incidental and superficial.
the good is essential and fundamen-
tai. and he declares that antitrust
legislation is misdirected energy. war
against progress There are great
problems 10 be solved. and sanity.
coolheadedness and caution are need
ed 10 bring these enormous powers
into subsection TO the greatest good
OF the greatest number.
Dr. lie Rossignols volume is not
only immensely instructive but deep
ly interesting. Il gathers together
and sums up a vast amount of curl
ous aud valuable information. II is
based on wide reading and logical
thought. the authors fairness and
good temper are manifest on every
page II is the most important con-
tribution that has as vet appeared
toward a solution OF the problem that
exercises the minds OF modern men.
Published by T. Y. Crowell & Co.
New York. price s125.
q o o
"The Penitentes."
THE Penitentes. a story of the
San Louis Valley. by Louis How. deals
with a class OF people that few
authors write about. The Mexieans
outside their own country are usual
~ a very uninteresting people. and
stories OF their lives are not often
told. The hot countries with their
arid plains, dust storms and many
other disagreeable features whore
MeXicRns may be found are as
rule avoided by romance writer's. bit
in the story Of The, PenitentesH many
interesting spots are described. and
the portrayal OF the fiery nature. the
loves. hates. jeaiousies and religious
devotion OF these people is very well
done. and makes a readable book.
The main story is woven about the
sect bearing the name OF the title of
the book; deeply religious Catholics.
who believed in sacrificing q man
every year 10 the honor and glory of
God. by crrcifxion. drawing lots 10
choose the Christ. The Jesuit priesSs
figure freely. they sometimes having
the greatest difficulty in keeping Their
followers out Of Serious trouble. and
acting as mediators between enemies.
Thrilling situations are not lacking.
as in almost the first chapter one
Mexican is shot by another. both be
ing lovers OF the heroine. Dolores.
who figures throughout the book as
having the fierce. fiery Spanish ma
tnre, but the interest centres all the
way along in the strange and almost
unknown sect. q story Of whose be-
hefs. weird. passionate. and savage
as they are. may be Of interest, espe- /
cially as their existence Is. 70 most |
people entirely unknown That they |
do exist Ia few out Of the way places !
IL Colorado and New Mexico Is tras. /
and the writer has brought ont the /
startling truths Of their customs in /
q way that the reader feels that ac- /
tral scenes ard occurrences are being /
diser adi5e6-Puhiished bv Bowen /
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