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In 1723, a large number of planters refused to accept the terms offered by the officials, and destroyed the crops of those who did accept, a condition repeated in the State of Kentucky a few years ago, the only difference being that in the Cuban experience the monopolist was the Government, and in Kentucky it was a corporation.
COAL MONOPOLIST: I have a statistician who can prove he can prove anything that the workingman is a great deal better off than he ever was, that he makes more than I do, that small incomes are increasing and large ones decreasing, that there is no involuntary poverty, and that the workingmen could live on twenty-five cents each a day and buy up the United States with their savings, and
As a Temperance man he is coming to rely more on the indirect effect of social improvement on the one hand and the elimination of monopolist profit on the other, than on the uncertain chances of absolute prohibition.
Tell the monopolist that the true method of acquiring general riches, political power, and even his own private advantage, is to sell his country's produce as high, and foreign goods as low, as possible, and that public competition can alone accomplish this. Let foreign merchants, who bring capital, and those who practise any art or handicraft, be permitted to settle freely.
Whoever has read the foregoing chapters has seen these facts established: That much in proportion as the whole body of citizens take upon themselves the direction of public affairs, the possibilities for political and social parasitism disappear. The "machine" becomes without effective uses, the trade of the politician is rendered undesirable, and the privileges of the monopolist are withdrawn.
The gods have given us genius to soften the crudities of the early century and to brighten our homes and our lives, and instead the inventions and the creations but serve to gild the mansions of the monopolist and to gird the iron more tightly on the wrist of the toiler. We are avaricious, we are vulgar, and we are base.
Finally, that it is the crown of the producer, when, whether by net product or by interest on the capital which he devotes to production, it brings to the monopolist that increase of comfort which his foresight and his efforts deserve. Shall we, then, with the economists, glorify monopoly, and consecrate it to the benefit of well-secured conservatives?
The efficiency of this introduction is proportional to the diffusion of the right of note issue. A single monopolist issuer, like the Bank of France, works its way with difficulty through a country, and advertises banking very slowly. Even now the Bank of France, which, I believe, by law ought to have a branch in each Department, has only branches in sixty out of eighty-six.
Let it shew that, if your province contains 80,000 inhabitants, and that if 80 of these are privileged merchants according to the old system, 9,999 persons out of 10,000 must suffer because their cotton, coffee, tobacco, timber, and other productions must come into the hands of the monopolist, as the only purchaser of what they have to sell, and the only seller of what they must necessarily buy! the effect being that he will buy at the lowest possible rate, and sell at the dearest, so that not only are the 9,999 injured, but the lands will remain waste, the manufactories without workmen, and the people will be lazy and poor for want of a stimulus, it being a law of nature that no man will labour solely for the gain of another.
A truce to quarrelling! It is now a year since you informed me you were going to be married, and since then the gods have thundered their laughter at the sight of two muttering men who sat themselves on the axes of earth to dangle their legs into orbit vastness. Chronic somnambulists that they are, they took their monopolist way thither in their sleep.
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