The Making of America, Volume 3Robert Marion La Follette Making of America, 1906 - Inventors |
From inside the book
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Page 22
... of poverty and field for the adventure of pioneers . The enterprise and capital of the country turned away from the ocean and foreign commerce , and found here a new field for its operation . One of the 22 G. S. CALLENDER.
... of poverty and field for the adventure of pioneers . The enterprise and capital of the country turned away from the ocean and foreign commerce , and found here a new field for its operation . One of the 22 G. S. CALLENDER.
Page 23
Robert Marion La Follette. a new field for its operation . One of the most striking features of the new period was the increase of speculative activity everywhere in American industry . This was largely the result of the enormous ...
Robert Marion La Follette. a new field for its operation . One of the most striking features of the new period was the increase of speculative activity everywhere in American industry . This was largely the result of the enormous ...
Page 36
... operations of corporations at this time will show that they were not yet able to raise very large sums of capital , especially for such enterprises as were then most prominent . Much the largest corporations were banks 36 G. S. CALLENDER.
... operations of corporations at this time will show that they were not yet able to raise very large sums of capital , especially for such enterprises as were then most prominent . Much the largest corporations were banks 36 G. S. CALLENDER.
Page 58
... operation of the law of increasing returns , is an economy sufficient in it- self to breed a trust , a more drastic policy than any which America is yet prepared to face may be required . Few American economists , and no American ...
... operation of the law of increasing returns , is an economy sufficient in it- self to breed a trust , a more drastic policy than any which America is yet prepared to face may be required . Few American economists , and no American ...
Page 61
... operation . It is not theoretical objections to trusts , nor any plain condemnation of their practices , but these uncalculated inci- dents that are likely to imperil the peaceful development of the great monopolist corporations . The ...
... operation . It is not theoretical objections to trusts , nor any plain condemnation of their practices , but these uncalculated inci- dents that are likely to imperil the peaceful development of the great monopolist corporations . The ...
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Common terms and phrases
advantages aggregate American amount average stockholding canal capital stock Carnegie Steel company census cent charter Chicago cities coal combination commerce commission competition consolidation corporations cost cotton crude oil deposits distribution dividends dollars earnings economic England enterprises Erie railroad established existence fact favor freight funds HENRY GANNETT important increase independent individual industrial institutions insurance companies interest investment investor J. P. Morgan labor land large number less loans machinery manufacturing ment methods million monopoly national banks Ohio Ohio river operation organization output pany Pennsylvania period pipe lines Pittsburg plants policy holder present production profits promoter purchase question railroad railway refiners result roads savings secure shares South Improvement company speculative Standard Oil company Standard Oil trust supply surplus tion trade transportation trust companies twenty union United wages wealth York York Central railroad
Popular passages
Page 203 - Section 1 provides that every contract combination in the form of a trust or otherwise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations, is hereby declared to be illegal.
Page 400 - He smote the rock of the national resources, and abundant streams of revenue gushed forth. He touched the dead corpse of the Public Credit, and it sprung upon its feet...
Page 6 - No sea but what is vexed by their fisheries. No climate that is not witness to their toils. Neither the perseverance of Holland, nor the activity of France, nor the dexterous and firm sagacity of English enterprise, ever carried this most perilous mode of hardy industry to the extent to which it has been pushed by this recent people ; a people who are still as it were, but in the gristle, and not yet hardened into the bone of manhood.
Page 99 - collate information and to consider and recommend legislation to meet the problems presented by labor, agriculture and capital," justified the time and expense necessary for the preparation of such a report.
Page 32 - Thus the most democratic country on the face of the earth is that in which men have in our time carried to the highest perfection the art of pursuing in common the object of their common desires, and have applied this new science to the greatest number of purposes.
Page 172 - The powers of the company included authority "to construct and operate any work or works, public or private, designed to include, increase, facilitate, or develop trade, travel, or the transportation of freight, live-stock, passengers, or any traffic by land or water, from or to any part of the United States.
Page 200 - There is a widespread conviction in the minds of the American people that the great corporations known as -trusts' are in certain of their features and tendencies hurtful to the general welfare-. This springs from no spirit of envy or uncharitableness, nor lack of pride in the great industrial achievements that have placed this country at the head of the -nations struggling for commercial supremacy.
Page 43 - An Act to establish a state bank to raise a fund for internal improvements, and to aid in the establishment of a system of education.
Page 190 - denies that it has at any time or in any manner acquiesced in or observed, performed, or carried out either or both of said agreements," it does not deny the averment of the petition that "all of the owners and holders of its capital stock, including all the officers and directors of said company, signed said agreements.
Page 201 - ... country at the head of the nations struggling for commercial supremacy. It does not rest upon a lack of intelligent appreciation of the necessity of meeting changing and changed conditions of trade with new methods, nor upon ignorance of the fact that combination of capital in the effort to accomplish great things is necessary when the world's progress demands that great things be done.