Trust Finance: A Study of the Genesis, Organization, and Management of Industrial Combinations

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D. Appleton, 1903 - 387 sider
 

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Side 42 - The fact that an article is manufactured for export To another State does not of itself make it an article of interstate commerce, and the intent of the manufacturer does not determine the time when the article or product passes from the control of the State and belongs to commerce.
Side 32 - ... shall create, enter into, become a member of, or a party to any pool, trust, agreement, combination, confederation or understanding with any other corporation, partnership, individual or any other person or association of persons, to regulate or fix the price of any article of manufacture...
Side 305 - It cannot, therefore, be admitted that a railroad corporation maintaining a highway under the authority of the state may fix its rates with a view solely to its own interests, and ignore the rights of the public. But the rights of the public would be ignored if rates for the transportation of persons or property on a railroad are exacted without reference to the fair value of the property used for the public or the fair vahie of the services rendered, but in order simply that the corporation may...
Side 38 - To guarantee, purchase, hold, sell, assign, transfer, mortgage, pledge or otherwise dispose of shares of the capital stock of, or any bonds, securities or evidences of indebtedness created by any other corporation...
Side 337 - If thou hast run with the footmen, and they have wearied thee, then how canst thou contend with horses? and if in the land of peace, wherein thou trustedst, they wearied thee, then how wilt thou do in the swelling of Jordan...
Side 38 - Any corporation may purchase, hold, sell, assign, transfer, mortgage, pledge or otherwise dispose of the shares of the capital stock of, or any bonds, securities or evidences of indebtedness created by any other corporation or corporations of this or any other state, and while owner of such stock may exercise all the rights, powers and privileges of ownership, including the right to vote thereon.
Side 34 - The defendant had disabled itself from exercising its functions and employing its franchise as it was intended it should by the act under which it was incorporated, and had, by the action which was taken, placed itself in complete subordination to another and different organization to be used for an unlawful purpose, detrimental and injurious to the public...
Side 200 - In 1882 the Carnegie Steel Company (then Carnegie, Phipps & Co.) had inaugurated a policy whose object was to control all the factors which contributed to the production of steel, from the ore and coal in the ground to the steel billet and the steel rail. The purchase of a controlling interest in the stock of the HC Frick Coke Company, the largest owner of coal lands and the largest producer of coke in the Connellsville region, insured to Carnegie, Phipps & Co., besides a majority share in the earnings...
Side 136 - A minister or a physician has a few thousands laid by, a woman has either saved or inherited a small amount, a workman or a farmer has managed to scrape together something for a rainy day. Such people are found by the thousands in every part of the country. From their accumulations they draw a small rate of return, often so small that they are constrained to add it to the principal, and do not venture to apply it to expenditure. Four or five per cent clear gain is about all that can be expected....
Side 35 - Q. Nevertheless, since that time the different Standard Oil companies have worked together in harmony, have they not ? A . The ownership has naturally brought them into harmony of action ; the like ownership, of course. " Q. The general way in which the control has been kept uniform has been this, that the men who were the former trustees have held the majority of the stock in each one of these different companies ? A. Exactly so. " Q. So that the Standard Oil combination, as we may say, has worked...

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