Addyston Pipe Company, organiza- tion of, 78; purposes of agreement, 82; practical construction and opera- tion, 84; effects upon the public, 89; the Supreme Court decision, 533 Agreements. See also Pools. Price, 453; traders', under Sherman Act, 551; international steel, 862 American Agricultural Chemical Com-
pany, and German potash pool, 818 American Bridge Company, 167 American Sugar Refining Co., the Knight case, 506
American Tobacco Co., 269, 592 American Tobacco Co., early history,
269; plug tobacco war, 270; plug tobacco combination, 271; financiers enter, 272; the Consolidated Co., 277; internal revenue tax profits, 278; merger in 1904, 281; general policy, 282; present organization, 284; capitalization, 286; secret controls, 288; proportional control, 296; foreign policy, 298; profits of British campaign, 308; results of dissolution, 313; successor com- panies, 318
Amoskeag Corporation, xviii Anti-Trust Law. See Sherman Act Asphalt Combination, original forma- tion, 439; later concerns, 442; im- proper promoters profits, 448. Associations. See Pools. Trade, under Sherman Act, 551
Atlantic Seaboard, steel competition,
Bond Conversion. See Chapter VII U. S. Steel Corporation, 228 Book Publishers', German Kartel, 739 British-American Tobacco Co., 310 British Tobacco Campaign, 298; com- pany law, 760
Capitalization, Steel Corporation, 184, 198; tobacco company, 286; Mer- cantile Marine Co., 369; U. S. Leather Co., 376, 391; basis of, in Germany, 774
Carnegie Steel Company, 169, 187 Cartell. See Kartel
Central Leather Co., 389, 397
Cigar Combination, 275. See Tobacco Clayton Act, 715
Coffee Valorization, 551 Combination. See Sherman Act. steel industry, 97; potential in steel, 152; tobacco industry, 269; sole leather, 272; ship building, 403; asphalt, 439; under common law, 451; the Sugar Refining Co., 506; Addystone Pipe, 78, 533; Watch case, 655; Beef, 673; explosives, 673; law concerning, in Germany, 736; in Austria, 742; in France, 747; German steel, 833; German potash, 795
Common Law, price agreements, 453;
trusts, 465; monopolistic corpora- tions, 471; U. S. Supreme Court outline, 475; Standard Oil citation, 561 Competition, cutthroat, 113; potential in steel, 152; in harvesters, 347 Consolidated Tobacco Co., 277
Conspiracy, 654. See Monopoly,
Sherman Act, Unfair Practices, etc. Copper, French corner, 751 Corner, 551
Corporation, holding, xix; British Act, 760; German, 774
Corporation. See also Holding Com- pany, at common law, 471; new Eng- lish law, 760; German, 774
Federal Incorporation, xxxii. Federal License, xxxii
Federal Steel Company, 170 Foreign Trade, steel, 132; in harvesters,
343, 639; in watches, 663; German policy, 862
France, law concerning monopoly, 747 Fraud, prevention of, in England, 773 Freight Association, cases, 572 Freight Rates, and price of salt, 20; on corn and whisky, 39; of nails before combination, 48; under wire-nail pool, 58, 63, 68; on steel, 105, 159 Freight Rebates, 112
German Steel Syndicate, natural con- ditions, 834; production by districts, 836; early combinations, 839; first Kartell, 841; Stahlverksverband, 843; structure and functions, 845; price policy, 851; internal conflict, 859; defects, 861; export policy, 862; international pools, 866; renewal in 1907 and 1912, 832
Germany, law concerning monopoly, 736; promotion of companies and valuation of assets in, 774; formation of company in, 777; balance sheets of companies in, 788; stock exchange law, 791; potash Kartel, 795 Good Will, 335
Great Britain. See British Great Lakes Touring Co., 672 Great Northern Ore Lease, 176
Harlan, dissenting opinions, 516, 582, 598 Harriman, 497. See Union Pacific Holding Corporations, xix, 492
Immunity Bath, 550
Imperial Tobacco Co., 304
Industrial Combinations. See Com- bination
Injunction, 716, 729
Integration, in steel, 158
Internal Revenue, spirits, 23; and tobacco profits, 278, 316 International Harvester Co., promotion, 324, 634; proportionate control, 333, 647; capitalization and investment, 334; good will, 335; subsequent ac- quisitions, 336; foreign business segregated, 339; profits, 341; effi- ciency and resources, 344; competi- tive methods, 347; dissolution deci- sion, 634; dissenting opinion, 643 International Mercantile Marine Co., 356; Fluctuations in net earnings, 361; ocean freight rates, 365; pro- motion, 368; faulty arrangement of the capital, 369
International Salt Company, 21 Intimidation, 660. See Unfair Practices
tion, 201; Mercantile Marine Co., 356; discussed, xxvii. See also Capi- talization
Pacific Coast, steel competition, 110 Patent Pools, xiv; 604, 606; rights of patentees defined, 618; National Cash Register case, 695 Pittsburg District, competitive condi- tions in steel, 107 Pennsylvania Railroad, 499
Pools. See Kartel. Historical growth of, xiii. Michigan Salt Association, 1; whisky, 26, 27; wire nail, 46; recent iron and steel, 72; steel rails, 72; billets, 75; iron ore, 76; 551; patent, xiv, 552; judicially con- demned, 604; under European law, 736 Potash Syndicate, early agreements, 798; recent agreements, 803; newal, 815; new legislation, 821, 825; American controversy, 823 Pottery, French combination, 752 Preferred Stock, 389
Prices. See Sherman Act. Under wire-nail pool, 58; under Addystone Pipe Co., 89; of steel, 116; steady- ing steel, 126; cut prices in steel, 127; Gary dinner agreements, 178; tobacco, 313; under common law, 453; bathtub practice, 607, 613; under patents, 611; competitive, only reasonable, 617; for watch cases fixed, 664
Profits, salt manufacture, 16; whisky trust, 40; early wire nail, 47; Irregu- larity of, of Cunard Company, 361; U. S. Steel Corporation, 220; British tobacco campaign, 308; of Harvester Co., 341; of promoters in Germany, 782 Promotion Profits, xxiii; Steel Corpora- tion, 203; International Harvester Co., 324, 634; International Mer- cantile Marine, 368; U. S. Ship- building Co., 404; asphalt companies, 439; in Germany, 774; in England, 762
Prospectus, issue of, in England, 764; of United States Shipbuilding Com- pany, 195
Prussia, in potash pool, 804 Publicity, of prices, 119; steel corpora- tion policy, 173; in Germany, 774; in England, 760
Restraint of trade, at common law, 561; European law, 735
Rule of Reason, 570; applied con- cretely, 604
St. Louis Terminal R.R. Association Case, 495
Sanborn, dissenting opinion, 643 "Seconds," 611
Secrecy, xxvi, 288. See Publicity Shelby Steel Tube Company, 174 Sherman Act. See Chapters XV, XVI, XVII, XVIII. Text, 484; Con- gressional history, 486; uneven en- forcement, 488; freight associa- tion cases, 489, 572, 586; Northern Securities decision, 491; St. Louis Terminal case; 495; Union Pacific case, 497; anthracite coal cases, 502; New Haven dissolution, 503; Knight case, 506; Addystone Pipe case, 533; Hopkins case, 546, 573; Anderson case, 548; later cases, 1901-11, 550; Standard Oil deci- sion, 552; the standard of reason, 569; Steel Corporation decision, 97; Tobacco Co. decision, 592; first two sections construed, 559; the English Common law reviewed, 561; Supreme Court decisions reviewed, 572; rule of reason applied, 604; Keystone Watch case, 655; Great Lakes Towing Co. case, 672; Na- tional Cash Register case, 672; amendments of 1914, text, 703; Text, Trade Commission Law, 704; Text, Clayton Act, 715
Snuff Combination, 274, 293 Soda, French cartell, 749 Speculation, evil of management, xxv; leather stock, 379
Standard Oil Co., Supreme Court decisions, 552; early history, 553; the trust agreement, 555; Ohio dis- solution, 556; New Jersey holding corporation, 557; the standard of reason, 569, 571; Supreme Court
decisions reviewed, 572; conclu- sion of facts, 577; the remedy, 581; dissenting opinion, 582 Standard Sanitary Man'f'g Co., 606 Steel, proportionate control in 1911, 99; Atlantic seaboard conditions, 104; Pittsburg competition, 107; Pacific coast conditions, 110; de- velopment of processes, 154; ex- pansion and integration, 158; trans- portation changes, 159; German syndicate, 833
Stock, Intercorporate owning, xxii; ownership in tobacco trust, 287; exchange between railroads, 499; intercorporate forbidden, 720 Stock watering, 201. See Overcapi- talization
Sugar Combination, xvii, 466, 506
Tariff, salt, 20; and nail pool, 54 Taussig, 834
Tennessee Coal & Iron Company, 176 Tobacco Combination, 269; Supreme Court decision, 592 Tosdal, H. R., 795, 833. Trade Commission Law, 703 Trans-Missouri Freight Association Case, 489
Trusts. See also Industrial Combina- tions, as devices for combination, xvi; in Massachusetts, xvii; whisky, 22; 31; under common law, 465; Standard oil, 553; under common law, 465
Underwriting. See also Promotion of Steel Corporation, 203 Unfair Practices, xxix; rebates, 112; cut prices, 113, 605; absent in har- vester case, 653, 655, 673; hibited by Clayton Act, 707 Union Pacific-Southern Pacific Cases, 497; dissolution plans, 498 United Asphalt Co., 442
U. S. Leather Co., sole leather condi- tions, 372; tanneries and bark lands, 374; capitalization, 376, 391; causes of failure, 379; first reorganization plans, 381, 385; valuation of bark lands, 384; entry of the Armours, 387; final reorganization plan, 389; timberland surplus, 392; market quotations, 395; litigation, 398; charter modified, 400
U. S. Shipbuilding Co., incorporation, 403; offer of promoters, 404; accept- ance by company, 407; purchase of subsidiary plants, 408; working capital of, 415; misleading pro- spectus of, 416; value of the plants, 418; excessive price paid for plants, 422; causes of failure, 428 United States Steel Corporation. See also Steel and Combination, 97; pro- portionate control, 99, 222; no rebates, 112; fair dealings, 113; open prices, 116; steady prices, 124; foreign trade, 132; U. S. Steel Products Co., 133; diversity of products, 142; original monopolistic intent, 152, 168, 173, 183; origins, 169, 203; subsequent acquisitions, 174, 214; ore leases, 176; Tennessee Coal & Iron Co., 176; the Gary dinners, 178; capitalization and assets 1901, 184; the Hodge suit, 189, 231; ore properties, 194, 218, 226; overcapitalization, 198; pro- motion and underwriting, 203; assets 1910, 216; profits, 220; the bond conversion, 228; valuation in bond- conversion suit, 242
United States Steel Corporation Bond Conversion, plan offered to stock- holders, 228; injunction against, 230; ground on which injunction granted, 233; charge of fraud in, 236; charge of discrimination in, 238; valuation of assets, 242; alleged "strike" suit, 248; extent of conversion, 257; results, 258; gen- eral criticism, 263
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