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Updated: July 4, 2025
I am satisfied that there are proprietors in Boston firms, who, if they could go around with me, and see, as I have seen, the poverty and suffering of the sweaters' slaves who are making up their goods, would revolt against the whole system. It is only the sweater who comes in contact with these people, and the sweater is, as a rule, greedy and avaricious, and hardened against all humane feeling.
This Shanghai Opium Combine are not officials of the British Government: they are private firms, private dealers; but they buy their opium direct from the British Government, and may therefore be considered its unofficial agents or middlemen. This Opium Combine had been appealing for an extension of the ten-year contract, an extension of nine months.
"On 'change," when the gong struck announcing the close of the day's business, a company of young men, known as "settlement clerks," after a system borrowed from London, gathered in the center of the room and compared or gathered the various trades of the day in a ring, thus eliminating all those sales and resales between certain firms which naturally canceled each other.
We know that leaders both able and honest can be found among American workingmen, and we say that they should be found and trusted promptly. When individual firms are competing the injustice of one firm may be punished and controlled by a strike. Suppose all the shops or manufactories of a certain kind to be under the control of one trust. What good will a strike do?
Gradually the motor-car firms came in, turning their body-building departments to plane and fuselage construction, which enabled them to turn out the complete planes engined and ready for the field.
Barrington and all the casual hands were sacked, including Newman, Easton and Harlow, and there was so little work that it looked as if everyone else would have to stand off also. The summer was practically over, so those who were stood off had but a poor chance of getting a start anywhere else, because most other firms were discharging hands as well.
These added to the difficulties of the supply department, just as they did to its complement, the research department. Only great patriotic endeavour could have made possible the relative success achieved, not only by the departments, but in particular by the firms with whom they were called upon to co-ordinate. We wanted mustard gas, and realised its need in July, 1917.
A person's credit rating is given only a limited circulation. The profits of big corporations are more public than those of small firms. Certain kinds of conversation, between man and wife, lawyer and client, doctor and patient, priest and communicant, are privileged. Directors' meetings are generally private. So are many political conferences.
Among the 153 firms reporting, 21 reported profits of less than 25 percent; 61 reported 25 but less than 50 per cent; 55 reported 50 but under 100 percent, and 16 reported 100 percent or more. Profits in the garment manufacturing industry were lower than those in yarn manufacturing.
Unfortunately for us, the damned English and their hangers-on control the cables of the world, and hence all the markets, and I don't suppose, to take the case of copper, that a single pound of it is mined from the Rio Tinto without the British Board of Trade knowing all about it. The neutral firms simply dare not risk getting put on to the British Black List; it means ruination for them.
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