Political Quotes

Bill Taft: “It is not intended thereby to prevent the accumulation of large capital in business enterprises in which such a…”

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It is not intended thereby to prevent the accumulation of large capital in business enterprises in which such a combination can secure reduced cost of production, sale, and distribution.
Said by
Bill Taft
Republican · Ohio

Editor's note · Context

Taft explains that the anti-trust law aims to allow large capital accumulation for efficiency, not to hinder it.

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Now, Therefore, I, William Howard Taft, President of the United States of America, do, in accordance with the provisions of the Act of Congress and the joint resolution of Congress herein named, declare and proclaim the fact that the…

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