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Updated: June 14, 2025
The comparative scarcity of food in the world and the profiteering of foreign merchants in Liberia by the summer of 1919 brought about a condition that threatened starvation; nor was the situation better early in 1920, when butter retailed at $1.25 a pound, sugar at 72 cents a pound, and oil at $1.00 a gallon.
As the wage agreements in the unionized section of the industry expire on April 1 next, and as conflicts may result which may imperil public interest, and have for many years often called for action of the Executive in protection of the public, I again recommend the passage of such legislation as will assist the Executive in dealing with such emergencies through a special temporary board of conciliation and mediation and through administrative agencies for the purpose of distribution of coal and protection of the consumers of coal from profiteering.
The travelled Moslem will shake his head and say that he has seen the firm's showrooms, and their principal lines appeared to be Labour trouble, profiteering and diluted Bolshevism, with a particularly tawdry fabric of party politics.
But the relics of middle-class well-being will by that time have been consumed; the families which for generations have visibly incorporated the German spirit will less than others contrive to secure special advantages by profiteering and evading the laws; as soon as their modest possessions are taxed away or consumed they will melt into the general mass of needy people who will form the economic average of the future.
And, suddenly, Phineas Babbitt, realizing that his son, Leander, was twenty-five years old and, therefore, within the limits of the draft age, became once more an ardent, if a little more careful, conscientious objector. He discovered that the war was a profiteering enterprise engineered by capital and greed for the exploiting of labor and the common people.
In other words, we cannot raise wages, railway rates, expand our credits and currency, and hope to maintain the same level of prices of foods. All that the Food Administration can do is to see as far as is humanly possible that these alterations take place without speculation or profiteering, and that such readjustments are conducted in an orderly manner.
And none of us are going to stand profiteering, and broken pledges, and that kind of thing! a sudden note of passion rushed into the man's voice.
I have to handle a good many hundred feet of lumber to make as much as the cheapest sort of laborer gets for a day's pay. The fact is, young man, that far from profiteering on that lumber, I am selling it at a smaller profit than I ever sold any lumber before in my life. Some lumber I am handling at a loss.
None of this ill-feeling need matter in the long run with a firm but benevolent government, but the authorities will have to evolve some legislation to check profiteering and over-exploitation, or there will be trouble. It is not only the new-comers who will want curbing, but the present population.
This was what he had expected, coming to such a country, where the climate was all fog, and the people all tradesmen perfectly blind to Art, and sunk in profiteering and the grossest materialism. Conscious that Hannah Hobdey was murmuring: "Hear, hear!" and Jimmy Portugal sniggering, June grew crimson, and suddenly rapped out: "Then why did you ever come? We didn't ask you."
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