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nydus/Monopolies and the PeoplePublic

Charles Whiting Baker examines the status, growth, and impact of monopolies across various industries. He discusses the causes and potential remedies for these economic entities, utilizing available statistics and practical observations to argue that monopolies are an enduring feature of the current industrial landscape.

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Table of Contents

IX. MONOPOLIES AND COMPETITION IN OTHER INDUSTRIES.

As we take a look back over the long list of monopolies which we have investigated in the preceding chapters, the natural thought is that we have considered now the greater part of the industries of the country. Certainly these occupations of manufacturing and trade and transportation, are generally considered as our important industries, and a pretty good share of our legislation and public agitation concerns itself with the welfare of these industries and with the men who are employed in them. But certain questions will naturally arise in the curious mind. Just what proportion of our total working population are employed in these industries; and of that number how many are reaping the profits of the monopoly? What are the remaining occupations of our people, and are the workers in them doing any thing to destroy competition? To the investigation of these matters we will devote the present chapter.

The United States Census Bureau classes the gainful occupations of the people in four great divisions: (1) Agriculture. (2) Professional and Personal Service. (3) Trade and Transportation. (4) Manufacturing, Mining, and Mechanical Industries. The monopolies which we have studied in the preceding chapters are all included in the last two classes. The total number of persons engaged in trade and transportation in the country in 1880 is given as 1,810,256, and the total engaged in manufacturing, mechanical, and mining operations is 3,837,112, or a total of 5,647,368 in all these occupations among which we have found monopolies to exist. Of course the great proportion of the persons included in the above number have no direct interest in the profits of the

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