New-York tribune., 1911-10-15
COMPETITION IS SUSPENDED.


Competition. It is true, has been tempo
rarily suspended. Men say that the law OF
sunnlv and demand is obsolete, that old
conditions have passed away and that the
customs and experiences Of centuries are
valueless and ridiculous in the twenueth
century As we'll might it be declared that
the law OF gravity has gone out OF tashloh
that modern civilization has become 100
swift and sensible for Newtons ancient
discovery; that an apple from tree VIII
90 I'D instead of down, or fall hat way
and stop The law OF supply ana demand
is az irrevocable as the law that governs
/ the circulation Of the blood or the system
/ Inv which the planets move. l admit JhaI
/ for the time being 10 isn't WORKING. OohoI-
/ ions are unnatural The shock in conse-
/ oyence IS felt i'm all kinds Of business
/ Cornetition has been halted in the past
Nonopolies are not a new invention.
..-rake the Harvester Trust as modern
and an American example Of how compeu-
/ zion can be arrested. L can mention II ana
/ s,oaL MAINLY because 7 am not 70 judge Its
/ oose II controls absolutely the manufact-
,,ra and sale OF mowers, reapers ana Dlilu-
ors II brought a number or competing
/ concerns into a single huge and command
,,, association. Break IL mp into IT'S orisl-
,,aI 1nits however, and competition VIII
regin again. supply and demand VIII De-
/ ,o,,o operative once more OUTSIDE men,
- of an opportunity, viii fight for a
-, that IS now walled in. The nub or
- -,-role question is. Does this corpora
49,, or that restrain trade? Restrain
80. - - hold back. hold in, check or con-
e. When there is no restraint there is
( competition. 49,. e..., Cor
---a.to,, " said. received many millions
80 dollars for their toll and genius
~ ono not within their cheerful circle
IN .,.or know how much. Some rough
@.,,~ee however have come OUT III t"e
-.i...o.,,, regarding Mr. Carneglcs snare
IT,. 10 q phenomenal man, as sli'ru III i'S
l-I ....-, nero Milton and Byron in literature
- Nr.c,ton and I<cpler ln science. h'-
-. bo mad NapOleonlc ablllF Ih 0l'o''-
80, .rgtneers. chemists ana man ."' 81 p
,aii,-s, those who proved thelr Hl'ii - ,.il
'''..'S ..,d cell them sl,0o0OD Of STOCK N MS
mann. TO De paid for Out Oh III,
,l..I, ,o Inc declared in tho lutuie' Ia ''''
e-not forward in any parucuial JIG e"'
~ ,,. book value of their shaIe9 anu
'I.e'., -.t tbeir relations with him 10 a c'ose'
oloU7,,, 80 bo thus created was the aoiest IA
lN' - world. and. by the measures h'
adopted ss was always under r his ,,61 "sfr Tr Car
.,,t to broaden his lines. 10 maze
ngElg I5ost ',, eyerything in iron and steel eom p.
d'ii'o .,,.t him and his seasoned captains
p''iii7 ,l, ~ raw recruits. His purpose ~
"' ,ts ,usiness in ell directions oo0"
| eHtehu 30" lem, Al about that umt
80 Io a.t1aI worth Of his physical prop'I ~, =,
lne @ooa Henry C.. Friek' one OF ~. ~.
was rs ''o.' obtained limited option Tor I' rs
pal p,,',se ON a valuation OF 'io0"0V9' 80,
mr Carnegie sold out ,o to the uR,'yS ,c cooo % n
- and shares. julius Cesar ne,''
due,ea ,s,s., ''l' in your opinion, brought about
.neiness depression Of 1907? o..,oer,
'ne It was worked up to sco,. ...tn rr'i'p ganE,
Roosevelt % nqo york. !" Tno f@lsa, ao5,5ra,ora intend