This page needs to be proofread.
The Standard Oil Company
per cent. in 1892,[1] when the Standard Oil Trust was dissolved, to forty-eight. per cent. in 1901. The power of the Standard Oil Company is tremendous. but it is only such power as naturally accrues to so large an aggregation of capital; and in the persistence with which competition against it. has continued, in the quickness with which that competition increases when opportunity for profit under existing prices appears, and in the ever-present possibility of competition which meets the Standard Oil Company in the direction of every part of its policy, lie the safe-guards against the abuse of this great power.
- ↑ Report of the Industrial Commission, 190?, i. p. 799.
THE END
