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Price fixing

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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

Creator(s)

Van Hise, Charles Richard, 1857-1918

Telegram from Thomas G. Lee to John J. Conron

Telegram from Thomas G. Lee to John J. Conron

Thomas G. Lee instructs John J. Conron, both of Armour and Company meat packers, to charge $1.00 to $1.50 per pound plus margin for all beef sold in several East Coast cities the following week. Lee knows for sure that the other major meat packers have very little inventory, and consumers will have to pay the steep price or go hungry.

Collection

Library of Congress Manuscript Division

Creation Date

1907-11-01

Creator(s)

Lee, Thomas G. (Thomas George), 1878-1934