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Updated: September 3, 2025
Of course, I saw now why Jake was able to undersell us all, but it was mighty important to knock out "Driven Snow" with the trade in just the right way, because most of our best customers had loaded up with it.
But the cotton, indispensable for their looms, they will receive almost duty free to weave it into a fabric for our own wear, to the destruction of our own manufactures, which they are enabled thus to undersell.
They are thus enabled to undersell the fair trader and drive him from the market. In fact the operation of this system has already driven from the pursuits of honorable commerce many of that class of regular and conscientious merchants whose character throughout the world is the pride of our country. The remedy for these evils is to be found in specific duties, so far as this may be practicable.
For that reason she was not treated as a portion of a united kingdom, but as an enemy who had become England's slave by conquest, who was her rival in manufactures of various kinds, who might undersell her in foreign markets, and, in fact, who might grow rich and powerful enough to assert her independence.
By thus cheating the union I could now undersell the bigger manufacturers more easily than I had been able to do previous to the lockout and strike. I had more orders than I could fill. Money was coming in in floods The lockout and the absolute triumph of the union was practically the making of me
"I have in New Orleans a system of 65 stores on a modified system; it is a cooperative association but we sell at as low prices as can be afforded, for cash in hand. The sales amount to about 2 1/2 millions, the most of it in the winter. The Association owns a Bakery, a Creamery, Condiment Factory; and Coffee Factory, and a 1550-acre plantation. We are able to undersell the market about 20%.
"Well, he tells me that they've struck a vein of natural gas out there which will enable them to make as good a paint as his own at a cost of manufacturing so low that they can undersell him everywhere. If this proves to be the case, it will not only drive his paint out of the market, but will reduce the value of his Works the whole plant at Lapham to a merely nominal figure."
Cattle are out of the question: they cannot be transported five thousand miles to undersell the Chinese butcher, who gives fifteen pounds of good beef for a dollar about 3-1/2d. per pound.
You know perfectly well that a trust business staggering under a capitalization many times too big is not a business that can afford to admit competitors into the field; because the minute an economical business, a business with its capital down to hard pan, with every ounce of its capital working, comes into the field against such an overloaded corporation, it will inevitably beat it and undersell it; therefore it is to the interest of these gentlemen that monopoly be maintained.
Or, he cannot, without underselling the market, and undervaluing the goods, and seeming to undersell his neighbour-shopkeepers, to whom there is a justice due in trade, which respects the price of sale; and to undersell is looked upon as an unfair kind of trading.
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