Word: labor
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...Monopolies are unnecessary. - (a) Concentration of capital possible without trusts. - (1) Trades are sufficiently large to admit several great competitors. - (b) Monopoly is not necessary to resist labor organizations. - (1) Labor unions have not complete monopoly of labor. - (x) Strikes often a failure. - (2) Union to resist labor possible without trusts...
...Trusts are a natural result of industrial conditions. - (a) Lower prices caused by overproduction. - (b) Opposition of labor to corresponding reduction of wages. - (c) Organized for self protection as offset to trade unions. - (d) Trend of all industry is toward combination, W. Gladden, "Tools and the Man," ch. on "Collapse of Competition...
...Trusts are of positive economic advantage. - (a) Decrease cost of production. - (1) Competition is wasteful. (2) Improved methods. - (b) Prevents overproduction. - (1) Regulate supply to demand - (c) Steady labor. - (d) Prevent ruinous competition. (e) Increase consumption. - (1) Facilities of transportation. - (2) Lower prices. - (f) Prices may rise temporarily, but fall steadily afterward...
...University Extension Society has had since 1891 the benefit of the leadership of Dr. Edmund J. James of the Faculty of the University of Pennsylvania. Now, after four years of hard labor in the cause, the pressure of other work forces him to resign the office of president of the society. His letter of resignation is a history of the progress of an enterprise whose success has been very gratifying to its founders and to which Dr. James has contributed in no small degree...
...first courses of University Extension lectures were given in November, 1890, upon plans which had been formulated by Dr. William Pepper. On Dr. James devolved the labor of giving permanence to a movement, which many feared was only to prove a short-lived outburst of enthusiasm. Each year since has been marked by steady progress. From the seven courses of lectures in the short season - two months - of 1890, the number grew to 87 in 1891, 105 in 1892, 111 in 1893, and 135 in 1894. Dr. James looks upon the record of last year as a very gratifying...