Trusts, Their Uses And Abuses : Abstracts From the Address of James B. Dill Before the Merchants' Club of Chicago, Illinois, November Ninth, 1901 : With Various Resulting Editorial Comments And Discussion Relative to Combinations, Their Advantages, Disadv

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Dill should regard publicity as the only serious safeguard against the abuse of the great powers which trusts may exercise, whether it be what he calls " public publicity," or " private publicity," that is, information for the public or information for shareholders. Still more encouraging is it that Mr. Dill should express the opinion that in time trusts, like banks, will accept publicity with a willingness proportioned to the real soundness of their condition and conduct. Indeed, it would not ...be surprising if publicity were gradually brought about by the action of the trusts themselves, the stronger and better ones setting the example for the express purpose of forcing others to follow it.
There is another safeguard or correction to the abuse of powers enjoyed by trusts, to which Mr. Dill does not allude, but which in the long run may be found to be very effective.
This is the tendency of such abuses, especially the arbitrary advance of prices through the relative monopoly of supply, to stimulate competition and destroy the monopoly.


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