ABSTRACT

Ever since legislators have tried to regulate the corn trade, the first goal they wanted to achieve was the maintenance of a low price in the markets; and it cannot be denied that this is a desirable end, although the legislators have almost constantly gone astray whenever they have sought to attain this goal with legislation on food prices, surplus warehouses, engrossers of corn, and by all their attempts to force selling at low prices what was costly to produce. However, a business crisis plagues the manufacturers of a nation which sent more than half of its people to the trades in the cities, and which, in consequence, cannot exist without the help of outsiders, to whom it has undertaken to provide them with all manufactured commodities. A country which cultivates its soil by the estate system cannot possibly match such competition, a competition of sellers who always can sell their products at a lower price than you.