ABSTRACT
Home producers ought at least to have good grounds for expecting to be safeguarded against anything of the nature of preferential rates in favour of importers by this consideration, for in the one case the rate earned is the beginning and end of the railway transaction. The same argument, based on the transmission and difficulties of prosperity, to some extent, hopefully applied in a quite different field, namely in the case of intermediaries such as agents, dealers, and private traders, who find themselves displaced by cooperative organization, and their services no longer required. In some cases, undoubtedly, such displacement would lead to hardship, and this result, in the postponement or avoidance of which some compensation may often be found when progress seems slow, also furnishes the inevitable subject for regret in almost every economic re-adjustment. The characteristic effect of prosperity in the organized life of modern society, in spite of the numerous ganglia of over-congestion that it displays, is diffusion.
