The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1902-08-29

states that the steel corporation was
formed after the census year and was
not include in the list of 1873 trusts.
This writer must have had this CEN
sus bulletin before him when he was
copying figures and statements from
it. The most conspicuous matter on
page 2 relates to the great steel cor
poration and the reasons why the re-
turns from it were not included in the
trust tables. The writer evidently
wanted to make as good a case as pos
sible, and decided to deliberately fal-
sify statements to make it easy for
republican speakers and writer's to de-
ceive the people. Hence he stated that
the steel trust, whose capital was one
third of all, was included in the list.
Of course he expected republican
speakers to tell the people that out
side of this steel trust, the total out
put in trust combinations was only
So. 600. 600, 900, and that the trust ques-
ton was being greatly exaggerated
by the wicked democrats. Hundreds
of spellbinders will undoubtedly use
his figures.
The campaign book treats this list
of 1873 trusts as if it were a complete
list and embraced all the trusts in the
country. 1t is far from complete. 1t
does not, for example, include any of
the scores of gas and electric light
combinations although the value of
their products forms a large part of
the $13.OOO.0OO, 900 of total manufac-
lures, the value of gas alone being $751;
1868.
How very incomplete this trust list
is, is evident from the fact that as
far back as 1899 the Journal of Com
MERGE and Commercial Bulletin Year
Book of New York contained list of
AS trusts Gncluding well-known price
fixing agreements and few projected
and chartered trusts, with a total
capitalization, issued and estimated,
of S7,41s, 235, 342. Surely the writer
had heard of these year book lists.
Why did he ignore them, unless with
intent to deceive? The list print
ed in the appendix of this years's
| (democratic) book contains 2s5
| incorporated trusts with an issued
capital of S6,743.4ssS51. 1t is pre-
pared by Mr.. John Moody, the great
est expert on industrial securities,
| etc, in this country.
Again, the census list contains none
| of the hundreds of unincorporated
| trusts, price-fixing agreements, asso-
Citations, pools, etc. which census
bulletin No. 122 tells us care often more
effective in regulating prices
| than actual consultations under a
| charter" One of these is the beef
trust, which has a product valued at
| $500. O0O, DOC or 5000. O00, 900 out of the
| $7S6, O00. 900 which forms part of the
SIS. OO0, OO0. 900; another is the Bes-
| semer Ore association, with product
of nearly O0.0oO.O0O; another is the
| steel rail pool, with product of $780,
600 900; others of Importance are the
| anthracite coal combine, the structural
| steel pool. the Steel Bar association
| the Steel Plate association, and scores
of other associations and pools in
steel, hardware. chemicals, agricul.
tural implements, etc.
Beyond doubt, the prices on two
| thirds of our manufactured products
are fixed by trusts of some kind. The
public is not mistaken when they give
heed to this subject and insist upon
discussing it seriously and often.
BYRON W. HOLT