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not equally vicious whether of State or Private. 



Dangers of a monopoly have been the chief pretext 

 for State intervention, and the cry that unless the State 

 undertook the business none would, (a fact that is deni- 

 ed by the existence of the few elevators with which the 

 country is endowed) has ben one of the chief impedi- 

 ments to the realisation of elevators by private enter- 

 prise . 



THE DANGER OP MONOPOLY. 



The threatened dangers of monopoly are greatly 

 exaggerated especially in view of the circumstances at 

 present reigning, unless the existing or rather defunct 

 Grain Trust is the destined party to rent the Elevators, 

 w r hich the project of the last Government indicated, 

 since it was proposed that the State after building them 

 should rent them out for a period of ten years, to the 

 highest bidder presumably. 



It is true that the possibility exists of the owners 

 of the Grain Elevators joining hands and forming a 

 huge trust, but then this probability can be adduced 

 for all the Cattle breeders and Estancicros doing the 

 same, and so on ad infix it um, though this is no reason 

 for the State to discourage cattle breeding, or the im- 

 provement of the herds and flocks. 



Elevators combines have and do exist, and such 

 will occur in the future, but that it is a common occur- 

 ence experience absolutely disproves. 



Curiously, when such cases of combine have occur- 

 ed they have generally been attempted by the farmers 

 and the brokers o^ exporters at the expense rf the for- 

 eign consumers. 



The true course for the advancement of elevators 

 lies not in monopoly, either by the State or by Private 

 enterprise . 



ELEVATORS AND COOPERATION. 



The Government has given some attention towards 

 developing among farmers this feature of common ef- 

 fort, but largely owing to the misapprehension of the 

 true farming interests of this country, arid the adoption 

 of a line of action similar to or based on the needs of 

 Europe and Europeans, attempts at co-operative indus- 

 try have not been crowned with signal success. 



In place of aiming at the creation of co-operative 

 societies for facilitating the purchase of the articles he 



