The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1892-11-29
KNOWLEDGE AND ALL MONOPO-
LIED.

Among the most perniciJus trusts of
all Is a recent combination of the type
founders of the United States, which
puts al extra lax upon every book and
newspaper published In -pIte of the
laws which have been enacted and the
sJrOng public sentiment against sue a
. JlICy, the trusts continue TO multiply.
The latest announcement is the Pack
ers' trust which will SOON be i'll opera
ton, 1t Is claimed. AS an illustration
Of what is going on as powerful agen
cies 70 crush productive labor we quote
from The RuTGL NelU Yorker which
summaries a few Of the most power
full ones, upon the subject of which it
says:
The following is a list of some Of the
chleS trusts that at present Cypress and
SwIndle the nation. In view OF their
colossal growth and formidable
str ngjh and the pernlciOus influence
they exercise n every walk of life, one
can hardy realize that the oldest,
wealthVest, most powerful and unscru
pulOuS of all the pestIierOus brood Is
scarcely twenty years old This, the
Standard Oil, the prototype of all the
others and n pattern on which they
substantially mJdylsd themselves, was
founded in Cleveland, o., as late as
1872 AS it IS one Of the cardinal points
vita most of these schemes TO maintain
the utmost secrecy with regard t. their
aft airs, even n captGahZ alton of all
except those which wish T. have their
stock sold in the Exchanges Of the
country and therefore are compelled to
get listed, Is a matter of conjecture.
but the public have reached pretty
close to the truth IN nearly all cases
The figures her. given are taken from
a speech In Congress by ReDresenta
tive John Warner. of New York, and
| other sources of mfOrmatiOn:
Standard OIL, BIO, 900 600; Cotton
seed Oil, $41 700, 600; American Type
Founders. $II 900, 900; Anthracite
Coal, 1910, O0O, 900; Axe, S., 600 600:
Barbed Wire, SIP 600, 900; Biscuit and
Cracker. S., 600, 900; Bre wers' (Chicago)
So 900 90; Bolt and NuG, S.. 900, 600;
Boot and Shoe, 1000 600; Cartridge,
So, 900. 900; Condensed Milk, SIS 600,
600; Casket, IS 900, 600; Celluloid,
$l1 500, 600; Cigarette; $25. 900 600;
Copper Ingot, $50, 600. 900; Cordage.
SIS, 900. 900; Cotton Duck, so 90 900;
Envelope, 81. 600, 900; Flint Gla~s. Sc.
600, 600; Fork and Hoe. $I,0O), 900;
Lead, 80 900. 600; Lins4 ed On. $l8 600
600; LIth ,graphic, 81, 500, 600: Leo,
motive, $15 600, 600; Mach. IS 900 900;
MuSical Instrument. S. 600. 600; O4G.
meal, 50 500 900; Rice, 81, 900 900: Rub,
bAr, $50 600, 900; Safe, So. 900, 5000,
School Book, $IS 600. 900; Sc wer Pipe,
IS, 000. 600; Western UnIon Telegraph,
$50, 600. 900; Shelters, $40 600. 600;
Soda Water Machinery. 81 900 900;
Spool. BObbin and Shuttle, 50 900, 600;
Starch, $40. 900 600; Steel, $50 600 900;
Sugar. $75 900 OuOO; Trunk, 2. 500, 900;
Wall Paper, $50. 900 900.
Here are fOrGy-three trusts whose
aggregate ;apltalIz t5iOn Is known or
SHIRE wdIy estimated to be 81 352 700
600. 1t Is n general opinion OF those
economists who have made the closest
study OF these business monstrOsitios
that the capitalization of the moot
solid of them is at least one-fo,IrtL
water" while that of the ma lori
OF them IS still much more diiI+o9
Indeed 1T is pretty clearly know -
the capIGalIz4 tiOn of some of tba E no
est, like that of the lead q nJr1s
trusts, Is upwards of we .tbi-du0 G6Sar
tlous. The public, however Ill
forced to pay heavy interest," on IN De
capital just as if it reDreeantnS
ste d money, while the Golfers Of :
conc9c.ers and promoters of the Sne
h,PoIlstlc schemes, as we'll 40 tho. mo.
who were early let ~