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Updated: June 21, 2025
One of the important objects accomplished through the 1907 bond issue was the redemption by the government of the monopolistic wharf concessions. A peculiar feature of the country's domestic trade is that almost fifty per cent of it is in the hands of Syrians. These people are found in a number of the West India Islands, but nowhere have they gained such a foothold as in Santo Domingo.
How different would have been the story of the steamboat if Congress had accepted Fitch at his word and created a precedent against monopolistic rights on American rivers!
Now sanctified by Mother Ganga, the corpse is fetched from the strand and placed on the structure, feet ever directed toward the precious river. The pyre is soon ready for the torch, and here occurs a curious incident, one that illustrates the monopolistic importance of a man wearing only a loin-cloth, who has been taking an indifferent interest in the proceedings from an elevation close by.
If it were proposed that the city should subsidize a theatre a which the idle players could get employment in producing good plays at a moderate cost to the people, the notion would not be considered more ridiculous than that of founding municipal works for the different sorts of idle workers; and it would not be thought half so nefarious, for the proposition to give work by the collectivity is supposed to be in contravention of the sacred principle of monopolistic competition so dear to the American economist, and it would be denounced as an approximation to the surrender of the city to anarchism and destruction by dynamite.
In any case in one form or other all the trade of the country practically came, in the last analysis, through the Hudson's Bay Company, who controlled the money market by having their own bills in circulation. But the wise old Company saw what was coming and began to get ready to let go its monopolistic fur-trading charter and adjust itself to the new conditions.
The attempt is praiseworthy, though perhaps not wholly successful. The hospital has all the most modern scientific apparatus, but, with the monopolistic tendency of the Standard Oil Company, it refuses to let its apparatus be of use to anyone not connected with the hospital.
This merciless man of money, this ogre of monopolistic corporations, this human juggernaut had crushed her father merely because by his honesty he interfered with his shady business deals! Ah, why had she spared him in her book? She felt now that she had been too lenient, not bitter enough, not sufficiently pitiless. Such a man was entitled to no mercy. Yes, it was all clear enough now.
And, as is now well known to all of us, the same net loss to society comes from reckless overproduction and monopolistic underproduction of natural and manufactured commodities. Overproduction, underproduction and speculation are three evil sisters who distill the troubles of unsound inflation and disastrous deflation.
Neither does it follow that, because the Industrial Combinations might through their economies lower prices, they have, as a matter of fact, actually done so; nor again that, with the possible ability to increase prices through the exercise of monopolistic power, they have not found it advisable under certain circumstances really to lower them. Mr.
Beginning with the flush times of Hamilton's leadership, the financier had grown in power and influence, sometimes purposely organizing a monopolistic control over the money of the public, as in the case of the Suffolk Bank of Boston, sometimes mercilessly robbing depositors, as in the notorious defalcation of the Derby Bank of Connecticut in 1825, until it had become a serious national problem not merely to regulate the currency of the country, but to curb the rapacity of those who, under one pretense or another, violated the laws of all the States in order to heap up hasty fortunes.
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