Wealth Against Commonwealth

by Henry Demarest Lloyd

Overview

Henry Demarest Lloyd's "Wealth Against Commonwealth" is a seminal work examining the rise of trusts and monopolies in the United States during the era of rapid industrialization. A critical analysis of economic power, it explores the impact of concentrated wealth on American society and the political landscape. Delving into the complexities of political economy, Lloyd investigates the methods and consequences of unchecked industrial growth, offering a stark portrayal of the era's antitrust challenges. This meticulously prepared edition presents a foundational text for understanding the historical roots of economic policy debates and the enduring tension between wealth and the common good. Its insights into the formation and influence of large industries, along with its detailed exploration of antitrust issues, make it a valuable resource for anyone interested in economic history and the evolution of American business. A classic study of trusts and their impact on society.

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it.

This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.

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Product Details

ISBN-13:	9781023463232
Publisher:	Anson Street Press
Publication date:	03/29/2025
Pages:	420
Product dimensions:	6.14(w) x 9.21(h) x 0.86(d)

Read an Excerpt

CHAPTER VIII "no!" There has never been any real break in the plans revealed, " partly born," " and buried " in 1872. From then till now, in 1893, every fact that has come to the surface has shown them in full career. If they were buried, it was as seed is— for a larger crop of the same thing. The people had made peace, in 1872, on the pledge of "perfect equality " on the highways. Hardly had they got back to their work when they began to feel the pinch of privilege again. The Pennsylvania road alone is credited with any attempt to keep faith, and that only "for some months." " Gradually," as a committee of the people wrote to the managers of the Pennsylvania Railroad, " the persons constituting the South Improvement Company were placed by the roads in as favorable a position as to rates and facilities as had been stipulated in the original contract with that company." ' As soon as pipe lines were proved practicable they were built as rapidly as pipes and men to put them in the ground could be had, but there was some lubricant by which they kept constantly slipping into bankruptcy. They were " frozen out," as one of their builders said, " summer as well as winter." By 1874-, twenty pipe lines had been laid in the oil country. Eighty per cent. of them died off in that and the following year.' The mere pipes did not die, they are there yet; but the ownership of the many who had built them died. There were conservatives in the field to whom competition 'Trusts, Congress, 1888, p. 363. Testimony. New York Assembly "Hepburn" Report, 1879, p. 1693. EQUALITY THAT DOES NOT EQUALIZE was as distasteful as to the socialists. To "overcome sue. competition," and to insure them " a full andregular" and " remunerative business " in pipe lines, in the language of t...