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We are aware that other causes have contributed to the same effect, but we cannot doubt that this is a principal one. As much as is really true of the great returns alleged to have been made to capital during the last war, must have arisen from a similar cause. Our exclusive command of the sea excluded from the market all by whom we should have been undersold.
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.
Shuttleworth found a dismal pleasure in the fulfilment of his prophecy. A reduction in price had not materially affected the sales. The Jebusa Jones people had lowered the price of the Cuticle Remedy and still undersold the Cure. During the year the Bermondsey works had been heavily mortgaged.
The copers were undersold, and they found it best to take themselves off. No one can better appreciate this most dashingly beneficial action than the smack-owners, for their men are more efficient and honest; the fishermen themselves are grateful, because few of them really craved after drink, and the general results are obvious to anybody who spends a month in the North Sea.
I received nothing could have been more courteous a sample of the blankets offered. Well, I admit that it was at least equal to what I could supply in every way. I wrote again asking as a favour to be supplied with the name of the competing firm. I got the answer to-day. Mr. Thorpe wrote himself. The Robeen convent has undersold me. Hyacinth made another attempt to speak.
So Kapstaad Chemical is being undersold, and the only way they can stay in business is cut the price they have to pay for wax...." It went on like that, and this time I had real trouble keeping my anger down. In the first place, I was pretty sure there was no substitute for Fenris tallow-wax, good, bad or indifferent.
For the merchant and the manufacturer, in this new world, will be a sovereign commune; it is a sovereign power that will see its crops undersold, and its manufactures worsted in the market. And all the more dangerous that the sovereign power should be small.
Unconsciously the United States was coming into a commercial independence even more valuable than the political or navigation right for which she had contended in two wars. The world's peace of 1815 released the carrying trade; European goods poured into America; and the infant manufactures were undersold and threatened with ruin.
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