Illustrativeinstanceswillreadilysuggestthemselves。Manyabusinessmanturnsbypreferencetosomethinglessdubiousthanthedistillingofwhiskeyorthesaleofdeleterioushouseholdremedies。Theyprefernottousedeletriousadulterants,evenwithinthelimitsofthelaw。Theywillratherusewoolthanshoddyatthesameprice。Theofficialsofarailwaycommonlyprefertoavoidwrecksandmanslaughter,evenifthereisnopecuniaryadvantageinchoosingthemorehumanecourse。Morethanthat,itwillbefoundtruethatthemoreprosperousofthecraft,especially,takeprideandpainstomaketheserviceoftheirroadsortheoutputoftheirmillsasefficient,notsimplyasthepecuniaryadvantageoftheconcerndemands,butasthebestpecuniaryresultswilladmit。Instancesareperhapsnotfrequent,buttheyarealsonotaltogetherexceptional,whereaprosperouscaptainofindustrywillgooutofhiswaytoheightentheserviceabilityofhisindustryeventoadegreethatisofdoubtfulpecuniaryexpediencyforhimself。Suchaberrationsare,ofcourse,notlarge;andiftheyarepersistedintoanyveryappreciableextenttheresultis,ofcourse,disastroustotheenterprise。Theenterpriseinsuchacasefallsoutofthecategoryofbusinessmanagementandfallsundertheimputationofphilanthropy。
Thecaptainsofthefirstclassnecessari1yarerelativelyexemptfromtheseunbusinesslikescruples。
Theeconomicprincipleof“chargingwhatthetrafficwillbear“isdiscussedwithgreatcareandelaborationbyR。T。Ely,MonopoliesandTrusts,ch。III,“TheLawofMonopolyPrice。“Cf。,forillustrationofthepracticalworkingofthisprinciple,testimonyofC。M。Schwab,ReportoftheIndustrialCommission,vol。XIII。pp。453-455。
18。“Monopoly“ishereusedinthatloosersensewhichithascolloquially,notinthestrictsenseofanexclusivecontrolofthesupply,asemployed,eg。,byMrElyinthevolumecitedabove。ThisusageisthemoreexcusablesinceMr。Elyfindsthata“monopoly“inthestrictsenseofthedefinitionpracticallydoesnotoccurinfact。Cf。Jenks,TheTrustProblem,ch。IV。
E。g。theprestigevalueofIvorySoap。