Source: James B. Weaver."A Call to Action 1892 It is clear that trusts are contrary to public policy and hence in conflict with the common law. They are monopolies organized to destroy competition and restrain trade. It is contended by those interested in trusts that they tend to cheapen produc tion and diminish the price of the article to the consumer. Trusts are speculative in their purpose and formed to make money.Once they secure control of a given line of business, they are masters of the situation and can dictate to the two great classes with which they deal-the producer of the raw material and the consumer of the finished product.They limit the price of the raw material so as to impov. erish the producer, drive him to a single market, reduce the price of every class of labor connected with the trade, throw out of employment large numbers of persons who had before been engaged in a meritorious calling and finally they increase the price to the consumer. The main weapons of the trust are threats, intimidation, bribery, fraud wreck, and pillage.

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Source: James B. Weaver."A Call to Action 1892 It is clear that trusts are contrary to public policy and hence in conflict with the common law. They are monopolies organized to destroy competition and restrain trade. It is contended by those interested in trusts that they tend to cheapen produc tion and diminish the price of the article to the consumer. Trusts are speculative in their purpose and formed to make money.Once they secure control of a given line of business, they are masters of the situation and can dictate to the two great classes with which they deal-the producer of the raw material and the consumer of the finished product.They limit the price of the raw material so as to impov. erish the producer, drive him to a single market, reduce the price of every class of labor connected with the trade, throw out of employment large numbers of persons who had before been engaged in a meritorious calling and finally they increase the price to the consumer. The main weapons of the trust are threats, intimidation, bribery, fraud wreck, and pillage.

Answer 1

The passage from James B. Weaver highlights the detrimental effects of trusts, arguing that they contradict public policy and common law by monopolizing markets to destroy competition and restrain trade. While proponents claim trusts lower production costs and consumer prices, they are primarily profit-driven and wield power over both producers and consumers. Trusts exploit their dominance to manipulate raw material prices, impoverish producers, reduce labor wages, and ultimately raise prices for consumers. Their tactics include coercion, bribery, fraud, and exploitation.

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