Such partial competition, with the discrimination it involves, is liable to be worse for the public than no competition at all.
The wool-growing industry has been almost entirely destroyed by the competition of Australia and the West, and the people are now engaged mainly in dairy-farming, timbering, graniteand marble-quarrying, and in keeping summer boarders.
In 1861 the United Kingdom Telegraph Company began a competition with the other companies on the basis of a is.
Both in England and in America this process of consolidation has been obstructed by all known legislative devices, because of the widespread belief that competition in the field of transportation was necessary if fair prices were to be charged for the service.
It is equally impossible for the majority of shippers to enjoy the competition of parallel lines.
Supply, the value of land is in proportion to the number of permanent labourers settled on it, and the landed proprietors naturally try to attract to their estates as many peasants as possible; and in this competition the large proprietors have evidently an advantage over their humbler and weaker rivals.
At the same time Dr. Bell added that I could rest content and fight my way through Radcliffe in competition with seeing and hearing girls, while the great desire of my heart was being fulfilled.
But in the development of the railway business it soon became evident that no such dependence on free competition was possible, either in practice or in theory.
In 1895 the Smithfield Club instituted a carcase competition in association with its annual show of fat stock, and it has been continued each year since.
The Post Office proposed to engage in active competition with the telephone companies, but the Treasury at that time opposed this policy on the ground that the state should at most be ready to supplement and not to supersede private enterprise.
While considering that a really efficient Post Office service would afford the best means for securing such competition, it recommended that general, immediate and effective competition should at once be undertaken either by the Post Office or by local authorities.
As regards the pressure of foreign competition, it was stated to be greatly in excess of the anticipations of the supporters, and of the apprehensions of the opponents of the repeal of the Corn Laws.
The cattle and sheep entered for this competition are shown alive on the first day, at the close of which they are slaughtered and the carcases hung up for exhibition, with details of live and dead weights.
Competition, in the sense in which the word is still used in many economic works, is merely a special case of the struggle for survival, and, from its limitation, does not go far towards explaining the actual working of modern institutions.
A further cause has been competition offered by the telephone service, but against this the Post Office has received royalties from telephone companies and revenue from trunk telephone lines.
The P0 valley and the valleys of Emilia and the Romagna are best adapted for rice, but the area is diminishing on account of the competition of foreign rice and of the impoverishment of the soil by too intense cultivation.
The principal reasons for the general decrease are the fall in prices through foreign competition and the closing of certain markets, the diseases of plants and the increased outlay required to combat them, and the growth of State and local taxation.
For a large number of those who use a railway, competition in its more obvious forms does not and cannot exist.
Another educational reform, the opening of the Indian civil service to competition, took place at the same time, and Jowett was one of the commission.
The mines, however, are situated too far from the coast to permit of serious competition with Newcastle in an export trade, and the output is practically restricted to supplying local requirements.
The Labour movement in Australia may be traced back to the early days when transportation was in vogue, and the free immigrant and the time-expired convict objected to the competition of the bond labourer.
It forbids a railway which has reduced its rates while in competition with a water route to raise them again when the competition has ceased, unless the Commission permits it to do so because of other changed conditions.
In 1901, at Cardiff, competition was invited in portable oil engines, agricultural locomotive oil engines and small ice-making plant suitable for a dairy.
The National Telephone Company again applied to parliament for powers to lay wires underground; public discontent with inadequate telephone services was expressed, and at the same time the competition of the telephone with the Post Office telegraph became more manifest.
In short, all-round competition was authorized, and the Post Office decided to establish a telephone system in London in competition with the company.
Far from being destroyed by the competition of the " modern " factories, domestic industries have well maintained their ground, new branches of petty trade having sprung up in some districts, among them the manufacture of agricultural machinery (thrashing machines in Ryazan, Vyatka and Perm; ploughs in Smolensk, &c.) deserves notice.
A state system will be compelled, by the exigencies of the public treasury, to arrange its rates to pay interest on its securities; a private company will generally be prevented, by the indirect competition of railways in other parts of the country which it serves, from doing very much more than this.
The competition thus constitutes what is termed a " block test," and it is instructive in affording the opportunity of seeing the quality of the carcases furnished by the several animals, and in particular the relative proportion and distribution of fat and lean meat.
There are also remains of a third pediment, which may have been produced in competition, but never placed on the temple.
But if rates are to be fixed by agreement, and not by competition, what principle can be recognized as a legitimate basis of railway rate-making?
The society holds annual shows, publishes annually the Shire Horse Stud Book and offers'_gold and silver medals for competition amongst Shire horses at agricultural shows in different parts of the country.