Edited by Frank L. McDey, Ph.D., LL.D.,
President of the University of North Dakota

Now Ready | THE COST OF LIVING. WALTER E. CLARK, Professor

and Head of the Department of Political Science in

the College of the City of New York TRUSTS AND COMPETITION. JOHN F. CROWELL,

Associate Editor of the Wall Street Journal MONEY. WILLIAM A. Scott, Director of the Course

in Commerce, and Professor of Political Economy,

University of Wisconsin TAXATION. C. B. FILLEBROWN, President Massachu

setts Single Tax League, Author of A B C of Taxation THE FAMILY AND SOCIETY. JOHN M. GILETTE,

Professor of Sociology, University of North Dakota BANKING. WILLIAM A. SCOTT THE CAUSE AND CURE OF CRIME. CHARLES R.

HENDERSON, late Professor of Sociology in the University of Chicago

In Preparation

PROPERTY AND SOCIETY. A. A. BRUCE
THE CITY. HENRY C. WRIGHT
STATISTICS. W. B. BAILEY
BASIS OF COMMERCE. E. V. ROBINSON
GOVERNMENT FINANCE IN THE UNITED

STATES. CARL C. PLEHN
WOMEN WORKERS AND SOCIETY. ANNIE M.

MCLEAN THE NEWSPAPER AS A SOCIAL FACTOR.

ALLAN D. ALBERT THE STRUGGLE FOR LAND IN AMERICA.

CHARLES W. HOLMAN

Each, Fifty Cents Net

A. C. MCCLURG & CO., PUBLISHERS, CHICAGO

AND

COMPETITION

BY

John Franklin Crowell, Ph.D., L.H.D.
Of the Wall Street Journal, Sometime President of
Trinity College, Durham, N. C., and
Professor of Economics in

Smith College

.08

Copyright
A. C. McClurg & Co.

1915

Published May, 1915

Copyrighted in Great Britain
EDITOR'S PREFACE

AFTER nearly a half-century of Trust ex

perience it is becoming apparent what the national trust problem is, and how it shall be handled. It needed the struggle over the status of the Standard Oil Company, the uncertainties of railroad combinations, and the crowning purpose of the Northern Securities Company to make known the length and the breadth of the problem. For full half of the time devoted to this great economic question, the author of this volume has been in the midst of the situation. Equipped with thorogoing training and possessed of wide knowledge of the facts, Dr. Crowell has given to The National Social Science Series a really important contribution to the Trust question. Big business is on trial, so is competition as an economic factor. What we shall do with them? This is the question the book well answers.

F. L. M.

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