COMPETITION— LAWS OF PEICES 63 



crest. Other men will find ways to supply the 

 demand at cost. One man may possess the 

 ability to breed cattle of unusual worth. The 

 high price at which he may sell these creatures 

 is secured because of his knowledge and the 

 money price which it is worth. When other 

 men learn the trick the price will come down to 

 cost. 



A big business is built up by attention to 

 details. A jitney bus, with a five-cent fare, is 

 likely to make more than the taxi-cab with a 

 dollar ante. The Standard Oil Company prob- 

 ably gets the larger part of its revenue from 

 once unconsidered trifles. Gasoline was at one 

 time a waste product, aniline dyes, paraffin, pe- 

 troleum jelly, and a multitude of other minor 

 products now swell the receipts. 



When the orchard owner sandwiches the 

 work on the trees between the chinks of other 

 farm work, has his regular men prune through 

 the winter between milking jobs, and arranges 

 his crops so that the spraying of the orchard 

 comes after the planting of one lot of acres and 

 before that of another batch, he is beginning to 



