You have destroyed all competition by prohibitive rates and permitted the great industries of the country to get together and form a complete monopoly of all articles of consumption and manufacture. It is selfevident that the narrower the field of competition the easier it is to create a monopoly. and. conversely. the broader the field of competition the more difficult it becomes to establish a monopoly. With our prohibitive tariff competition In any article on the tariff list is necessarily limited to American dealers and manufacturers. because European and Asiatic dealers can not possibly compete with American dealers in this country under such conditions. The result is that American dealers can. and frequently do. get together and fix the price of industrial colmlmodities to suit thelselves. The chairman of the Ways and Means Conmmittee. in his beantiful peroration at the close of his ninehour speech last week. stated that he believed the passage of this bill would start up industries throughout the United States.