John D. Rockefeller：Random Reminiscences of Men and Events, Excerpt 61

The dangers are that the power conferred by combination may be abused, that combinations may be formed for speculation in stocks rather than for conducting business, and that for this purpose prices may be temporarily raised instead of being lowered. These abuses are possible to a greater or less extent in all combinations, large or small, but this fact is no more of an argument against combinations than the fact that steam may explode is an argument against steam. Steam is necessary and can be made comparatively safe. Combination is necessary and its abuses can be minimized; otherwise our legislators must acknowledge their incapacity to deal with the most important instrument of industry.

Source： https://www.gutenberg.org/ebooks/17090
Locator：Chapter III, excerpt 61 · Verified：2026-10-19 · Verification：Short excerpt

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