“Day by day the trusts squeeze out the farmers as they squeezed out Mr. Calvin and the rest of the dairymen. And day by day are the merchants squeezed out in the same way. Do you remember how, in six months, the Tobacco Trust squeezed out over four hundred cigar stores in New York City alone? Where are the old-time owners of the coal fields? You know today, without my telling you, that the Railroad Trust owns or controls the entire anthracite and bituminous coal fields. Doesn’t the Standard Oil Trust64 own a score of the ocean lines? And does it not also control copper, to say nothing of running a smelter trust as a little side enterprise? There are ten thousand cities in the United States to-night lighted by the companies owned or controlled by Standard Oil, and in as many cities all the electric transportation,—urban, suburban, and interurban,—is in the hands of Standard Oil. The small capitalists who were in these thousands of enterprises are gone. You know that. It’s the same way that you are going.
“The small manufacturer is like the farmer; and small manufacturers and farmers to-day are reduced, to all intents and purposes, to feudal tenure. For that matter, the professional men and the artists