Page:Earle, Does Price Fixing Destroy Liberty, 1920, 145.jpg

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ACT IN RELATION TO THE UNCERTAINTIES IN TRADE
145

really ascertainable until the final cycle is completed. But you are to ignore all this, and stop it anywhere you please, although you know that business varies, and that the profits of inflated years are, as a rule, more than lost in the succeeding years of deflation and depression. You must guess and you must not guess. You can reach a verdict in this case only by guessing, but you must not guess as to the facts, or consider other than the positive evidence (if there is any that has been offered) of the case."


The foregoing, for the purpose of emphasizing the difficulties arising under an erroneous interpretation of the Act, may have gone somewhat to the extreme of illustration, but it is entirely consonant with the true and existing conditions which a dealer faces every day in determining the prices of the "necessaries" which he offers for sale, all of which considerations should be given full weight by a jury, or other tribunal attempting to pass upon the issue whether such prices charged were, in fact, unfair, unreasonable and excessive.

No one who thinks the matter out can have any doubt as to what would be the final conclusion as to such an inquisitorial attempt. It will be exactly the result that has ever been reached after such attempt and throughout the centuries. Although to the present time there have been various conflicting decisions under the Act, there has been none in which the Court has not shown marked evidences of embarassment and reluctance.

The final consideration of the Court in the Weed Case suggests a matter that seems to have been overlooked. It is of most vital importance, and involves the question whether it was not necessary for the Government, through the President, to "fix the