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The bill passed the lower house without difficulty, but met with warm opposition in the house of lords; a good number of whom protested against it, as a law that subjected all learning and true information to the arbitrary will of a mercenary, and perhaps ignorant licenser, destroyed the properties of authors, and extended the evil of monopolies.
He advised the favourite to abandon all thoughts of defending the monopolies, to find some foreign embassy for his brother Sir Edward, who was deeply implicated in the villanies of Mompesson, and to leave the other offenders to the justice of Parliament. Buckingham received this advice with the warmest expressions of gratitude, and declared that a load had been lifted from his heart.
The land grabbing going on in North Africa and Persia to-day and the activity of great industrial monopolies at home, show us that some property rights still need to be secured by force. In this struggle, it has come about naturally that men, being stronger, freer and less scrupulous than women, have outstripped them and have so far had a pretty complete monopoly of wealth.
The annual charges from which the treasury was to be relieved were to be paid from the profits on the collection of the revenue and the contingent profits of commerce. The whole operation was to pay the creditors of the state 3 per cent. per annum, and the profits and monopolies heretofore granted to farmers of the revenue and commercial companies.
Cuba is wretchedly provided with roads, one of the reasons why the Spaniards were incapable of putting down insurrections. If they had expended a fair proportion of the revenues derived from the flourishing plantations and the monopolies of Spanish favoritisms that built up Barcelona and enriched Captain-Generals, and in less degree other public servants, the rebellions would have been put down.
Monopolies, they are beginning to see, cannot be destroyed by private competition, even when it is encouraged by the legislation and the courts, and must be controlled by the government. But government regulation is no lasting condition. If investors and consumers are to be protected, wage earners will most certainly be protected also as Mr. Roosevelt advocates.
There was shrewdness as well as anger in his taunt at its "ambassadors." A power had at last risen up in the Commons with which the monarchy was to reckon. In spite of the king's petulant outbreaks Parliament had asserted with success its exclusive right of taxation. It had suppressed monopolies. It had reformed abuses in the courts of law.
Already some of these were beginning to be called "Insurgents," but this name did not frighten them nor did it shame them back into the fold of the orthodox Republicans. As Roosevelt continued his fight for reclamation, conservation, health, and pure foods, and governmental control of the great monopolies, the opposition to him, on the part of the capitalists affected, grew more intense.
Congress, in 1890, passed a statute to constrain monopolies, against which financiers protested as being a species of confiscation, and which the Chief Justice himself thought harsh. To this statute the Supreme Court gave a harsh construction, as the Chief Justice had more than once pointed out, when he was still an associate upon the bench.
Droop stuttered, quickly extending the member in question. "Nay, your Majesty in sooth, no my hand beeth all right!" "We learn from the Lord Treasurer," said Elizabeth, addressing Sir Percevall, "that your petition hath reference to a monopoly. Know you not, Sir Knight, that these be parlous days for making of new monopolies?
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