Either it must discriminate in their favor or
it must discriminate against them. The third alternative--that of being
what is called "impartial"--has no real existence; and it is essential
that the illusory nature of a policy of impartiality should in the
beginning be clearly understood.
A policy of impartiality is supposed to consist in recognizing the
existence of the huge industrial and railroad organizations, while at
the same time forbidding them the enjoyment of any of those little
devices whereby they have obtained an unfair advantage over competitors.
It would consist, that is, of a policy of recognition tempered by
regulation; and a policy of this kind is the one favored by the majority
of conservative and fair-minded reformers. Such a policy has
unquestionably a great deal to recommend it as a transitional means of
dealing with the problem of corporate aggrandizement, but let there be
no mistake: it is not really a policy of strict neutrality between the
small and the large industrial agent.
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