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Updated: June 21, 2025
"Although, the case cited, may be duplicated a thousand times, every day in the week, in every large city of the republic; yet, everywhere, on all possible occasions, the common sense of the people is outraged, and their ears offended, by the loud shouts of the competitive leaders, who praise without stint the great usefulness of the monopolistic trust.
The best of our present types, when compared with these twentieth century road flyers and freight rollers, will seem poor, crude affairs. The irresistible volume of this swift stream of the new travel, and the new transportation, eloquent with the progress of the century, will herald the coming of a well-merited doom for the monopolistic railroad combines.
Knox, Moody, and Bonaparte, who successively occupied the position of Attorney-General under me, were profound lawyers and fearless and able men; and they completely established the newer and more wholesome doctrine under which the Federal Government may now deal with monopolistic combinations and conspiracies.
In the case of enterprises not subject to foreign competition, we had begun to develop a fairly satisfactory system of control of public utility services which were of a monopolistic character.
They became overgrown, aristocratic, swollen in fortune, and monopolistic in tendency. To some extent in the English cities and towns, and still more in France, they became tyrannous. And in the previous reign of Henry VIII all religious corporations had been dissolved. Not much, perhaps, remained for Cromwell's Parliament to do.
Interwoven inextricably with these problems was the whole problem of colonial rivalry, which in its later form developed into an insistence on state rights. Every improvement in the means of transportation, every development of natural resources, every new invention was inevitably considered from the standpoint of sectional interests and with a view to its monopolistic possibilities.
The supervision established might be analogous to that now exercised over national banks. At least, the antitrust act should be supplemented by specific prohibitions of the methods which experience has shown have been of most service in enabling monopolistic combinations to crush out competition. The real owners of a corporation should be compelled to do business in their own name.
In Salt Lake City, and in London at the time of Henry the Eighth, it was not considered necessary to be off with the old love before being on with the new, but latterly the growth of monopolistic ideas tends towards the uniform rate of one at a time. A purely gratuitous fling, that was, at one of my most eminent patrons, or rather two of them, for latterly both Solomon and Henry the Eighth have yielded to the tendency of the times and gone into business, which they have paid me well to advertise.
The capitalist parties then unite closely together against the Social Democracy; what once separated them now appears small in comparison to the danger which threatens their profits, their rents, and their monopolistic incomes.
It was quite obvious that the fall in prices was due to overproduction. The English first attempted to alleviate the condition in 1619 through monopolistic control. Negotiations were conducted with the Virginia Company of London, Henry Somerscales, and Ditchfield in 1625.
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