Show the day of big bia business S of agriculture jardine has finally give hie his approval to the of tho the two great packing houses of morris and armour and the creation cation tr of a gig gigantic antie institution tor lot the handl handling 1119 of racist products and derivative 4 of all sort sorts on a gigantic scale three of his hi predecessors refused their sanction and a suit under the antitrust law wan was instituted to cestra restrain 1 ln the merger which however han ha been perfected in nil all ite its details in the meantime and now is permitted go through gli the fact is that the american people have traveled some distance in n the mutter of business combinations since tho the great anti trust agitation salted rt in legislation to prevent monopolies of all sorts the sentiment prevailing at the time those lava lans were enacted was that ao thing that was big was dangerous and created harmful donop oly of either production or trade business busine qs and monopoly were s conj non moua in the mind minds of the vast majority of alif people now that i is s not the ease case inexorable ece economic law has ling forced the creation cf of great agene agencies ies of production and distribution as a means of both improving quality and reducing cost that both of these things aro are the natural result of doing things on a large scale and with perfect organization has been so conclusively proved that they have been accepted us as economic facts this has changed the attitude of the people to towards wardi big business when properly conducted nevertheless while cou convinced vinced from actual demonstration that njg uig I 1 business does not necessarily involve hurtful ul monopoly ava rather leada leads to the cheapening of products as well as to higher quality the people arc are still determined that the big institutions shall not obtain oz 01 exercise monopoly control of cither either production or distribution in in ruch such a way as to Iner increase cese the price above what it would be under frea competition wo we tried to do that by to prevent or to smash all big organizations and failed now we must ah achieve the tame u hoped for result by regulation lation wo W are regulating the rail roads as to their profit profits also all other things wo ive call public ser sery service y T ice activities or semi public how far we shall go in that direction is more a matter of necessity than of theory |