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Home  »  Respectfully Quoted  »  Benjamin Franklin Fairless (1890–1962)

Respectfully Quoted: A Dictionary of Quotations. 1989.

 
NUMBER: 142
AUTHOR: Benjamin Franklin Fairless (1890–1962)
QUOTATION: We believe that there is one economic lesson which our twentieth century experience has demonstrated conclusively—that America can no more survive and grow without big business than it can survive and grow without small business…. the two are interdependent. You cannot strengthen one by weakening the other, and you cannot add to the stature of a dwarf by cutting off the legs of a giant.
ATTRIBUTION: BENJAMIN FRANKLIN FAIRLESS, president of United States Steel Corporation, testimony, April 26, 1950.—Study of Monopoly Power, hearings before the Subcommittee on Study of Monopoly Power of the Committee on the Judiciary, House of Representatives, 81st Congress, 2nd session, part 4A, “Steel,” p. 466 (1950).
SUBJECTS: Business