"But with milk two cents higher, I should think you could have competed," Ernest suggested slyly.
"So we thought. We tried it." Mr. Calvin paused a moment. "It broke us. The Trust could put milk upon the market more cheaply than we. It could sell still at a slight profit when we were selling at actual loss. I dropped fifty thousand dollars in that venture. Most of us went bankrupt.[1] The dairymen were wiped out of existence."
"So the Trust took your profits away from you," Ernest said, "and you've gone into politics in order to legislate the Trust out of existence and get the profits back?"
Mr. Calvin's face lighted up. "That is precisely what I say in my speeches to the farmers. That's our whole idea in a nutshell."
"And yet the Trust produces milk more cheaply than could the independent dairymen?"- Ernest queried.
"Why shouldn't it, with the splendid organization and new machinery its large capital makes possible?"
"There is no discussion," Ernest answered. "It certainly should, and, furthermore, it does."
Mr. Calvin here launched out into a political speech in exposition of his views. He was warmly followed by
- ↑ Bankruptcy—a peculiar institution that enabled an individual, who had failed in competitive industry, to forego paying his debts. The effect was to ameliorate the too savage conditions of the fang-and-claw social struggle.
