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able advantages American amount average banks become called canal capital carried cause cent cities coal combination commerce common competition concerns considerable consolidation corporations cost deposits distribution economic effect England enterprises established existence fact field forces give greater half hand holders important improvement increase independent individual industrial institutions interest investment iron labor land less lines manufacturing material means ment methods Michigan million monopoly natural nearly necessary operation organization Pennsylvania period plants possible practical present production profits question railroad railway reason received regard represented result roads savings secure shares Standard Oil company steel stockholders supply surplus things tion trade transportation trust companies United wages whole York
Page 203 - Section 1 provides that every contract combination in the form of a trust or otherwise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations, is hereby declared to be illegal.
Page 6 - No sea but what is vexed by their fisheries. No climate that is not witness to their toils. Neither the perseverance of Holland, nor the activity of France, nor the dexterous and firm sagacity of English enterprise, ever carried this most perilous mode of hardy industry to the extent to which it has been pushed by this recent people ; a people who are still as it were, but in the gristle, and not yet hardened into the bone of manhood.
Page 99 - collate information and to consider and recommend legislation to meet the problems presented by labor, agriculture and capital," justified the time and expense necessary for the preparation of such a report.
Page 32 - Thus the most democratic country on the face of the earth is that in which men have in our time carried to the highest perfection the art of pursuing in common the object of their common desires, and have applied this new science to the greatest number of purposes.
Page 172 - The powers of the company included authority "to construct and operate any work or works, public or private, designed to include, increase, facilitate, or develop trade, travel, or the transportation of freight, live-stock, passengers, or any traffic by land or water, from or to any part of the United States.
Page 200 - There is a widespread conviction in the minds of the American people that the great corporations known as -trusts' are in certain of their features and tendencies hurtful to the general welfare-. This springs from no spirit of envy or uncharitableness, nor lack of pride in the great industrial achievements that have placed this country at the head of the -nations struggling for commercial supremacy.
Page 43 - An Act to establish a state bank to raise a fund for internal improvements, and to aid in the establishment of a system of education.
Page 190 - denies that it has at any time or in any manner acquiesced in or observed, performed, or carried out either or both of said agreements," it does not deny the averment of the petition that "all of the owners and holders of its capital stock, including all the officers and directors of said company, signed said agreements.
Page 201 - ... country at the head of the nations struggling for commercial supremacy. It does not rest upon a lack of intelligent appreciation of the necessity of meeting changing and changed conditions of trade with new methods, nor upon ignorance of the fact that combination of capital in the effort to accomplish great things is necessary when the world's progress demands that great things be done.