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 elements of success in this business do not differ from the elements of success in any other. Competition is keen and bitter. Advertising is as large an element as in any other business, and since the usual avenues of successful exploitation are closed to the profession, the adage that the best advertisement is a pleased customer is doubly true for this business.”
—Madeleine [Blair], U.S. prostitute and “madam.” Madeleine, ch. 5 (1919)
“So long as the system of competition in the production and exchange of the means of life goes on, the degradation of the arts will go on; and if that system is to last for ever, then art is doomed, and will surely die; that is to say, civilization will die.”
—William Morris (1834–1896)
“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)