Commercial Trusts the Growth and Rights of Aggregated Capital

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Excerpt from Commercial Trusts the Growth and Rights of Aggregated Capital: An Argument Delivered Before the Industrial Commission at Washington, D. C. December 12, 1899 Corrected and Revised Large aggregations of capital, concentrated in the hands of corporations, are called "trusts.'' In form, the difference between a corporation possessing a large, and another a small, capital is, however, only one of degree, but in principle the difference may be very deep and important, and lead to grave results. The Courts of this country, applying the old and effete rules of monopoly or public policy, have almost unanimously declared these so-called "trusts" illegal. But in the contest between the technical principles of law and the progress of trade the law has succumbed, and the trusts have multiplied with great rapidity. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.