Competition
The People's Transportation Company was organized in 1862 to compete with the Oregon Steam Navigation Company. The company then began a rate war with the O.S.N. People's Transportation was so successful that O.S.N. bought them off with an agreement to pay them $10,000 a year for ten years if People's Transportation would restrict its operations to the Willamette River.
Read more about this topic: Oregon Steam Navigation Company
Famous quotes containing the word competition:
“The praise of ancient authors proceeds not from the reverence of the dead, but from the competition and mutual envy of the living.”
—Thomas Hobbes (1588–1679)
“Such joint ownership creates a place where mothers can “father” and fathers can “mother.” It does not encourage mothers and fathers to compete with one another for “first- place parent.” Such competition is not especially good for marriage and furthermore drives kids nuts.”
—Kyle D. Pruett (20th century)
“Like many businessmen of genius he learned that free competition was wasteful, monopoly efficient. And so he simply set about achieving that efficient monopoly.”
—Mario Puzo (b. 1920)