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Concentration in industry

Concentration in industry

Charles Richard Van Hise speaks of the nuances present in monopolies and unrestricted competition in the American economy. Van Hise gives the railroads system as an example of successful use of commissions with no price competition. His thesis proposes there can be great economic advantage to maintain a concentration of industry and therefore those corporations should not be broken up by enforcing the Sherman Act. Instead, commissions should be created to determine prices and Van Hise provides a list of powers these commissions should have and how to achieve success.

Collection

Library of Congress Manuscript Division

Creation Date

1911-11-09

Letter from W. C. Brown to Dow Jones & Co.

Letter from W. C. Brown to Dow Jones & Co.

Railroad executive William C. Brown thanks the gentlemen at Dow Jones & Co. for their editorial, “Railroads Need Encouragement,” in this morning’s edition of the Wall Street Journal expressing encouragement and commendation to the railroad companies, which Brown says have endured a great deal of “indiscriminate censure and criticism,” or even “abuse,” over the past two years. Brown states that the railroad companies are not without, in some cases, “very great fault,” but hopes that credit can be given to those companies that have been run well.

Collection

Library of Congress Manuscript Division

Creation Date

1907-02-01