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If the same simplicity of diet prevailed in England, we should certainly undersell the French at all foreign markets for they are very slothful with all their vivacity and the great number of their holidays not only encourages this lazy disposition, but actually robs them of one half of what their labour would otherwise produce; so that, if our common people were not so expensive in their living, that is, in their eating and drinking, labour might be afforded cheaper in England than in France.
No violence was used; but he found himself hampered in his commerce money, plentiful for others, became scarce for him; his competitors in trade were subsidised to undersell him. And while the avenues of industry were closed, his fortune was taxed above its value, until he had to sell at a loss in order to discharge his public obligations.
It is sometimes argued that we have in fact merely made the paths of our competitors straight, and that by covering Argentina with a network of railways and so enormously increasing its power to grow things and so to buy things, we have been making an opportunity for German shipbuilders to send liners to the Plate and for German manufacturers to undersell ours with cheap hardware and cotton goods.
But if you want to know how far brains go, as things now are, suppose you try to match your better wares against these gentlemen, and see them undersell you before your market is any bigger than the locality and make it absolutely impossible for you to get a fast foothold.
Because I Work with My Own Hands," was Peter Rolls's first advertisement. And the Hands had never lost their cunning since. He could undersell any other shopkeeper in New York because he got his salesmen for next to nothing. They were a judicious selection from among his friends, the tramps. Any man who could recall enough of his schooling to do a little sum in addition was eligible.
No food was to be given away by Government; none was to be sold under price, it being assumed that the people could earn enough to support themselves. Government feared that, if they began to undersell the merchants and dealers, those classes would give up business, which, in the Government's opinion, would be a very great evil.
When the rival mines began to undersell each other and diamonds were being sold for but little more than the cost of production, Rhodes conceived the plan of consolidating all the mines, thereby forming a monopoly to keep up the prices. By masterly skill he brought this about, purchasing some shares outright, and giving shares in the new company as payment for others.
With coal on the free list, Nova Scotia could undersell the Harley mines in every Atlantic port; likewise the Harley road would lose two millions in annual freight. Under these threatening conditions, Mr.
A pressure was accordingly sure to be brought to bear by every English manufacturer upon his workmen to compel them to accept lower wages so that he might undersell his English rivals, and also cut under the German and Belgian manufacturers, who were trying to get the American trade. Now can the English workman live on less wages than before?
This state of affairs may lead to the establishment of the industry permanently in the United States, although that industry will require protection for some years, as, undoubtedly, Germany in her desperate effort to regain a monopoly of this trade will be ready to spend enormous sums in order to undersell the American manufacturers and drive them out of business.
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