REFERENCES 129 



In some foreign lands the promoter is required to put forth 

 his prospectus in printed form, and is then held civilly and crim- 

 inally liable for all statements therein. Such a "Blue Sky Law" 

 in this country would doubtless save the farmer from being victim- 

 ized on many an occasion. 



The question is still unsolved, however, of cooperation and 

 combine, on the one hand, versus competition on the other hand. 



QUESTIONS ON THE TEXT 



1. Show briefly the increase in use of labor saving machinery. Cite concrete 



examples the Georgia planter; M. F. Greeley's testimony. 



2. Show increase in value of agricultural machinery per acre. 



3. Show how this machinery lowers cost of production (figures for corn, 



hay, wheat). 



4. Show in what sense agriculture is now "capitalistic." 



5. Explain the probable effects of a greatly increased production. 



6. Show the change, during the last hundred years, in the method of obtain- 



ing tillage tools. This change has brought forth what economic and 

 social problems? State briefly different schemes used by farmers for 

 improving the methods of obtaining tillage tools? What method or 

 methods prevail to-day? 



7. Give the history of the International Harvester Company. 



8. Cite the six advantages in manufacturing and distributing farm imple- 



ments claimed by this Company. 



9. Cite the objections to this form of manufacturing and distributing, 



formulated by the Government in its suit against this Company. 



10. What, in brief, is the issue involved? 



11. Give the history of the Independent Harvester Company, and show what 



economic and social problems were involved. 



QUESTIONS SUGGESTED BY THE TEXT 



1. Show relation of increased production to an increase in rent; to a decrease 



in rent. Formulate a rule governing this relationship. 



2. What would be the ideal method for farmers to obtain their tillage tools? 



3. Should combines among manufacturers of tillage tools be prohibited or 



encouraged? Reasons for your answer. 



4. State chief reasons for combines among farmers ("cooperative associa- 



tions") for large-scale dealings. Do these same reasons apply to others 

 than farmers? Reasons for your answer. 



5. Should "all combinations" be prohibited? Should some combinations 



be prohibited? Formulate a rule in the interest of public policy. 



REFERENCES 



1. Report of the Industrial Commission, Vol. X, Washington, 1898-1902. 



2. QUAINTANCE, H. W. : "The Influence of Farm Machinery on Produc- 

 tion and Labor." Publications American Economic Association, 3d series, 

 Vol. 5, No. 4, Nov., 1904. 



3. Report of the Bureau of Corporations on the International Harvester 

 Company, Washington, 1913. 



4. Briefs of the International Harvester Company and of the federal 

 attorneys, in the various suits involving this company. 



