Publisher's Synopsis
Excerpt from Transactions of the Manchester Statistical Society: Session 1888-89, and Index
I do not concern myself with mere financial effects, whereby clever forces are employed to transfer money from the pocket of one operator to the pocket of another. That is the equivalent of a mere bet as to whether certain prices will go up or down, and only affects the parties to the transactions, but in the matter of actual commodities the matter is different. All the people are concerned in commodities, and any combination tending to pre vent supplies getting into the hands of consumers is a matter for the most serious consideration.
I say that the earth and the produce of the earth are the pro perty of the people, and that the holders thereof hold them in trust, subject to the recognition of added value; and I say that any set of persons combining for the purpose of obtaining a higher price under peril of the withholding of the supplies, practically tends to abnormal prices.
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