"Thus Far and No Farther"

1916

These soaring prices every time any one can take advantage of a situation are among the things driving the nation forward to a time when all prices will have to be regulated and fixed as those of public service corporations now are, or to something much more radical. Such is the greed for money that very many men will take such advantage at every opportunity.

No well-informed, far-sighted person can for an instant think that our industrial system can go on many decades more without very material changes.

There isn't in reality any competition in business any more. Practically every line of business is a monopoly — a business of course that is open to others; but no matter how many go in the exclusive control continues. Prices are always fixed by those in the business, and the chances are that the more that go in the higher prices will be, for all have to live.

Of course something different will be worked out. No one can predict what it will be, whether it will be regulation by commissions, whether an industrial democracy, whether Socialism.

Standpat people can no more readily stop the trend than King Canute could the incoming tide when he said to the waves: "Thus far and no farther." — The Pacific.