Trusts of to Day Facts Relating to Their Promotion Financial Management And Th

Cover Trusts of to Day Facts Relating to Their Promotion Financial Management And Th
Trusts of to Day Facts Relating to Their Promotion Financial Management And Th
Gilbert Holland Montague
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In the factor system proper, the same principle is extended to the point of naming the price at which the jobber must sell to the retailer. At an interval of from one to six months the jobber makes affidavit that he has observed the prices and has sold only the goods of the trust: as the sole profits of his business he receives a percentage in rebates. This scheme originated in the sugar trade and has been fol- lowed in the selling of soap and baking powders. The Distilling and Cattle Feeding C...ompany allowed its large distributers and rectifiers a re- bate on spirits of two cents a gallon, and at stated intervals granted wholesalers who had sold only the goods of the company an additional re- bate of five cents a gallon. Because of the stronger position from which it bargains with the wholesaler, the combination is assured at the out- set a considerable share of the middleman's prof- THE SAVINGS OF COMBINATION 47 its. The consumer, be it noted, feels in no way harmed : and, strange to say, the middleman, who is most affected, welcomes the factor system as a grateful relief from competition.

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