there. From the fact that less people can afford to paint their
houses, because of the higher price of the oil, it is certain that there
will be less employment for painters; and as less paint is used, all
those interested in and employed in the paint trade are sufferers. It is
to be remembered that we are speaking of the linseed oil trust only to
make the case more vivid. The principle is general and applies equally
well to other trusts, as for instance to the loss of employment by
thousands of men working in refineries controlled by the sugar trust, in
the fall of 1888. Still another effect of this trust's action is to be
especially noted: the fact that the diminished production of oil lessens
the demand for seed; and also that in the purchase of seed, as well as
in the sale of oil, the trust has killed competition. The trust may, if
it chooses, fix uniform prices for the seed which it purchases; and the
farmer can take the prices they offer or keep his seed. Fortunately the
farmer can raise other products instead of flax-seed, and will do so if
the price is lowered by any large amount.
One other possible mode of profit for the trusts, which, however, they
are hardly likely to engage in--from their fear of public opinion, if
for no other reason--lies in the power which they possess over the labor
market. It will probably be conceded at once that the rate of wages in
any occupation depends, among other things, upon the competition of the
various workmen who seek employment in that occupation, and also upon
the competition among those who wish to hire men to work at that
occupation. It is plain that when the competition among employers to
secure men is active, wages will rise; and when this competition falls
off, wages will fall. Now the trust is more than a combination for
selling purposes only. It is a combination of all the properties
concerned under practically a single ownership. Clearly, then, as the
various mills belonging to a single owner will not compete with each
other in the employment of labor, the mills belonging to a trust will be
no more likely to do so. Thus if it were not for the fact that the
workmen are able to take up some other employment if their wages are too
low, they would be absolutely obliged to take what wages, great or
small, the trust chose to give, and would be as dependent for their food
and clothing upon the trust as was the slave upon his master.
The question is often asked why trus
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