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Updated: May 8, 2025
In old times he was the only means of obtaining such little sums as five and ten pounds on personal security; but since 1870 the banks have entered into competition with him, have undersold him, and, in fact, "run him out of the market," except for sums under four or five pounds.
It meant, by the one law, to promote the general interest of the country, or to render corn cheap, without, perhaps, its being well understood how this was to be done. By the other, it meant to promote that of a particular order of men, the shopkeepers, who would be so much undersold by the manufacturer, it was supposed, that their trade would be ruined, if he was allowed to retail at all.
By the united action of the Trust the following economic advantages are gained a. The saving of the labour and the waste of competition. b. Economy in buying and selling, in discovering and establishing new markets. c. The maintenance of a good quality of wares without fear of being undersold. d. Mutual guarantee and insurance against losses. e.
They made provisions dear, and undersold honest men, and he wondered the Lord Mayor did not see to it and drive them out. He did not SO much object to the Dutch, but the Spaniards no words could express his horror of them. By and by, Ambrose going out to fetch some water from the conduit, found standing by it a figure entirely new to him.
But it is probable that under no circumstances could Rome have become the usual market for the produce of the recently established proprietors, and that, except at times of unusual scarcity in the transmarine provinces, imported corn could always have undersold that which was grown in Italy.
But the experiments had been foredoomed anyway, through the incompatibility of producers' cooperation with trade unionism. The cooperators, in their eagerness to get a market, frequently undersold the private employer expecting to recoup their present losses in future profits. In consequence, the privately employed wage earners had to bear reductions in their wages.
The railroads were cutting each other's throats to secure the freight business of the oil men, and John Burkett Ryder saw his opportunity. He made secret overtures to the road, guaranteeing a vast amount of business if he could get exceptionally low rates, and the illegal compact was made. His competitors, undersold in the market, stood no chance, and one by one they were crushed out of existence.
The Hands sold everything, and though the tramps were long ago dead or abolished, Peter Rolls still undersold every other store in New York. How did he do it? Well there were ways. The hands without a capital H might tell, perhaps; but they did not talk much. Peter Rolls never had any difficulty in obtaining or keeping as many of them as he wanted, and could get double the number if he liked.
He has spurned all solicitations to join combinations. Far from asking tariff favors he has entered European markets and undersold English, French, and German makers on their own ground. Instead of taking advantage of a great public demand to increase his prices, Ford has continuously lowered them.
The very pirates were pirated, and undersold; and two reprints of Maga, both professing to be fac-similes, were at one time supported in America, in addition to countless republications of particular articles; such, for instance, as the tales of "Ten Thousand a-Year," and "Caleb Stukeley"! I think I hear you exclaim at such wholesale grand-larceny; but though not inclined to take up the cudgels for Reprint and Co., it is but justice to tell you what they would say in self-defence.
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