■ The tiislorj of the toncBtion of any one ol Uie great induBtrial coalitlona of modem timea will show how great and indlspenaable a factor lu Uie large business is tbe invention and organization of dlfflOtUtles designed to force rival enterpri»ea to come lo terms. E.g. the manceuvreH preliminary to the formation of the United Statea Steel Corporation, particularly Uie movemenu of the Carnegie Compan;, ■how how this works on a large scale. Cf. E. S. Meade, TVuil Finance, pp. 204-217 ; BeporC of the IndiMriat Commianon, vol. XIU., "Review of Evidence," pp. v-vii, with the testimony letating to this topic. The pressure vrhicli brings about a new adjusunent (ooalltion) is commonly spoken of as "eicesalve competition."
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Business Enterprise
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