"While the law [of competition]
may be sometimes hard for the individual, it is best for the race, because
it insures the survival of the fittest in every department. We accept
and welcome, therefore, as conditions to which we must accommodate ourselves,
great inequality of environment, the concentration of business, industrial
and commercial, in the hands of the few, and the law of competition
between these, as being not only beneficial, but essential for the future
progress of the race."