FREE BOOKS

Author's List




PREV.   NEXT  
|<   133   134   135   136   137   138   139   140   141   142   143   144   145   146   147   148   149   150   151   152   153   154   155   156   157  
158   159   160   161   162   163   164   165   166   167   168   169   170   171   172   173   174   175   176   177   178   179   180   181   182   >>   >|  
y a Trust or Monopoly in its dealings with competing capital which deserves to be placed in a separate category of infamy, is the use of money to debauch the legislature into the granting of protective tariffs, special charters or concessions, or other privileges which enable a monopoly company to get the better of their rivals, to secure contracts, to check outside competition, and to tax the consuming public for the benefit of the trust-maker's pocket. Under this head we may also reckon the tampering with the administration of justice which is attributed, apparently not without good reason, to certain of the Trusts, the use of the Trust's money to purchase immunity from legal interference, or, in the last resort, to buy a judgment in the Courts. How far the more or less definite allegations upon this subject are capable of substantiation it is beyond our scope to inquire, but certain disclosures in connection with the Tweed Ring, the Standard Oil Company, the Anthracite Coal Trust, and other syndicates induce the belief that the more unscrupulous capitalists seek to influence the Courts of Justice as well as the Houses of Legislature in the pursuance of their business interests. Sec. 3. (_c_) The more or less complete control of the capital engaged in an industry, and of the market, involves an enormous power over the labour engaged in that industry. So long as competition survives, the employee or group of employees are able to obtain wages and other terms of employment determined in some measure by the conflicting interests of different employers. But when there is only one employer, the Trust, the workman who seeks employment has no option but to accept the terms offered by the Trust. His only alternative is to abandon the use of the special skill of his trade and to enter the ever-swollen unskilled labour market. This applies with special force to factory employees who have acquired great skill by incessant practice in some narrow routine of machine-tending. The average employee in a highly-elaborated modern factory is on the whole less competent than any other worker to transfer his labour-power without loss to another kind of work.[141] Now, as we have seen, it is precisely in these manufactures that many of the strongest Trusts spring up. The Standard Oil Company or the Linseed Oil Trust are the owners of their employees almost to the same extent as they are owners of their mills and machinery, so subservie
PREV.   NEXT  
|<   133   134   135   136   137   138   139   140   141   142   143   144   145   146   147   148   149   150   151   152   153   154   155   156   157  
158   159   160   161   162   163   164   165   166   167   168   169   170   171   172   173   174   175   176   177   178   179   180   181   182   >>   >|  



Top keywords:

employees

 

special

 
labour
 

Standard

 
capital
 

competition

 

factory

 

Courts

 

Trusts

 

employment


Company

 
employee
 

interests

 

owners

 
engaged
 
industry
 
market
 

abandon

 

option

 
accept

alternative
 

offered

 

employer

 

employers

 
obtain
 
conflicting
 

measure

 

Monopoly

 

determined

 

workman


survives
 

unskilled

 

precisely

 

manufactures

 

transfer

 

strongest

 

machinery

 

subservie

 

extent

 
spring

Linseed

 
worker
 
acquired
 

incessant

 

practice

 
applies
 

swollen

 
enormous
 

narrow

 
routine