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Wall Street Journal (Firm)

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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 William Loeb

Letter from W. C. Brown to William Loeb

Railroad executive William C. Brown encloses to William Loeb letters relating to the public’s attitude towards railroad companies, and the need for railroad companies, after a period of public condemnation, to have peace and encouragement. Brown cares deeply about President Roosevelt’s good opinion of him, and wanted to be sure that Roosevelt had the full context of the communications between Brown and the press on this topic. As such, he encloses the complete letter he wrote on the subject, an editorial from the Wall Street Journal, and an exchange between himself and the editor of the Wall Street Journal, Sereno Stransbury Pratt.

Collection

Library of Congress Manuscript Division

Creation Date

1907-02-03

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

Letter from Thomas F. Woodlock to Theodore Roosevelt

Letter from Thomas F. Woodlock to Theodore Roosevelt

Thomas F. Woodlock discusses President Roosevelt’s letter of acceptance. Woodlock and Mr. Pratt believe that it was “a little more politic than usual,” although their chief reason for expressing this view is to convince readers that they are “not entirely a partisan organ.” Woodlock offers to give Roosevelt information on financial interests, particularly those at 26 Broadway (the Standard Oil building).

Collection

Library of Congress Manuscript Division

Creation Date

1904-08-01