[PDF] The Technology Monthly eBook

Author : Anonymous
Publisher : Rarebooksclub.com
Page : 130 pages
File Size : 25,98 MB
Release : 2013-09
Category :
ISBN : 9781230069166

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1915 edition. Excerpt: ...agreements, ' their combinations in 'restraint of trade'; but all within limitations prescribed by their own customs. which customs from long experience they had found to be just and reasonable. I find it hard to define justice except as a moral equilibrium Experience evolves its own definitions and, as I have shown, the lawx is based on experience and not on the categories of logic.'-' Then the speaker goes on to show how Lord Mansefield, when he took his place on the Bench (in I756) consorted with the merchants for the purpose of learning their ideals, methods. and business habits. The result was that Manse field declared the Law Merchant to be the Law of England, and this maxim embodied the lav of this country up to the time the so-called Sherman Act first came before the U. S. Supreme Court for judicial interpretation. Four of the members voted for interpretation by the light of reason--common law but five voted that it should be construed literalIy, and so by a single vote in a court of nine judges, the law of the land was revolutionized, and "regulation" was enthroned. Now shall we place the burden of blame for these present conditions upon the shoulders of others or shall we acknowledge that we are to blame, ours being a government of the people? Much of the inefficiency and lack of economy in government legislation and administration is due to the fact that we who are active as producers leave public policies too much to the politicians and "reformers." the non-producers. If we allow these people to manage the affairs of the nation, they will do so. That is human nature. I was talking with a friend lately who is engaged in the cotton brokerage business in a large way. lie is a man of...