"The broad problems involved in the legal treatment of the assocla-Hons are of a most singular nature, fand their solution must depend on the legal, sociological, political and economic' theories prevalent from ime to time in a country. History seems to show that monopolistic commations were combated by the laws Jof most countries since the earliest times, and it is just this frequent recurrence of combating legislation Which suggests the impossibility of stopping their victorious march. Coke's witty remark made with re: ference to monopolies in England that monopolies in times past were ever without law. but" never without friends' is significant, "The cause of their continued exis tence is indeed deep rooted. Com: binations are the natural result of this same freedom of contract, freedom of trade and. freedom of com: petition, in whose very name the law striving against combination. Holmes, the great American Judge, said; "It is plain from the slightest consideration of practical affairs, also from a mere superficial reading of industrial history, that free competi tion means combinations, and that the Organisation of the world, now going fu so fast, means an ever-increasing might and' scope of combination,"
Text read from the printed page and cleaned; old type leaves the occasional error.