COMMERCIALISM 79 



the fundamental principle that all interests are mutually dependent, 

 that one can not suffer alone; all must share. 



The day of small things has passed; railroads, telegraphs, express 

 steamships have changed the units of competition from individuals to 

 nations. If Great Britain, Germany and the United States are each 

 to have a fair share in the world's markets, they will do so only through 

 the sagacity of men controlling the policies of great combinations. 

 Even in our own country, the territory is so vast that, to secure inter- 

 nal prosperity, such combinations are essential in every department of 

 activity, manufactures, colleges or transportation. Petty rivalries of 

 neighbors are too costly, too wasteful; duplication of plants is foil}'', 

 when by a slight increase in some portion of one it can be made to do 

 the work of both. In view of this, men should recognize that vox 

 popnli as expressed in legislative enactments is not necessarily vsx del; 

 that right can not be converted into wrong by the vote of an accidental 

 majority; that exact obedience to law is not sin. 



