“In the face of labor-saving machinery, of organized production, of the increased efficiency of combination, you would set the economic sun back a whole generation or so to the time when there were no great capitalists, no great machinery, no railroads—a time when a host of little capitalists warred with each other in economic anarchy, and when production was primitive, wasteful, unorganized, and costly. Believe me, Joshua’s task was easier, and he had Jehovah to help him. But God has forsaken you small capitalists. The sun of the small capitalists is setting. It will never rise again. Nor is it in your power even to make it stand still. You are perishing, and you are doomed to perish utterly from the face of society.
“This is the fiat of evolution. It is the word of God. Combination is stronger than competition. Primitive man was a puny creature hiding in the crevices of the rocks. He combined and made war upon his carnivorous enemies. They were competitive beasts. Primitive man was a combinative beast, and because of it he rose to primacy over all the animals. And man has been achieving greater and greater combinations ever since. It is combination versus competition, a thousand centuries long struggle, in which competition has always been worsted. Whoso enlists on the side of competition perishes.”
“But the trusts themselves arose out of competition,” Mr. Calvin interrupted.
“Very true,” Ernest answered. “And the trusts themselves destroyed competition. That, by your own word, is why you are no longer in the dairy business.”
The first laughter of the evening went around the table, and even Mr. Calvin joined in the laugh against himself.
“And now, while we are on the trusts,” Ernest went on, “let us settle a few things. I shall make certain statements, and if you disagree with