2i8 THE DIRECTION OF INDUSTRY 



ducers, or harvest prices. Between the two there 

 must necessarily be a difference, representing the 

 profit to the grain-dealer after his purchase and the 

 payment for the cost of carriage to the market. So 

 much profit is perfectly legitimate. But the grain- 

 dealing class composes a guild or fraternity to which 

 not only no outsider can get admittance, but which 

 also monopolizes the money-lending or banking trade. 



