The citizen. (Frederick City, Md.) 1895-1923, 1906-12-14
$500 Million Dollars.
TRUSTS OF THE UNITED
STATES CAPITALIZED AT
THIS SUM

TWenty-thre9 COMMENTATORS
Having a Total Capital of
More Than One Half Water.
S327,OOO,OOOand 277Plants.
The envy of all pooled Industries
In Europe (whlch j. beginning to
adopt American methods of cen
tralizing capital), American Trusts
have reached point where future
development will be slight in pro-
portion To the great growth in the
last 10 years.
Today the consultations num
Der 1873. These control an aggre.
gate of 2203 plants, and extend to
almost every line of industry.
Fifty per cent. were chartered
prior to 1900. and almost the en-
tire number are organized under
the laws OF New Jersey.
OF the combinations % are en-.
gagged in producing articles Of
food, their total output being over
800. Gee, 900. The list includes
such c, operations as the National
/ Biscuit Company, American Sugar
/ Company and he California Fruit
! Gamers Ass. citation. The mum
Der of reporting plants in this in
duStry is 277, and HE capital in
vested-by which is meant land.
buildings, machinery. tools. i'm
/ PIGMENTS and SundrirS-iS 1927,
600. 900
T~eutl-uine combinations c0u
trol the production of beer, liquors
aud beverages. The total outplt
reaches Sl27, 900 900 from 236
plants. while. the capita! is $40,
/ 600. 600
The 'oXtile industry is comb
NJ. :On of nine corporations. con
trolling - plants. and capitalized
at S92. 900 600 Lumber is in the
/ hands OF Is combinations. with 50
working plants. and having a CAPT
tai of S2j, 900, 600. Leather better,
centralized. has 100 plants con
trolIed 10y six combinations, aud
he capital is S6}, 90 900. Eight
firms take care Of the countrNs
! paper making III ll9 plants, and
with a capital IF $50, 600. 900.
Coming 10 chemicals and allied
/ pr0duC :. 2S1 plants, with capi
tai OF 8lS7. 000,009. Yield the
na,ioal output through 10 comb
/ nations.
Under the division Of metals
and metal products other than
iron and steel are included the
output Of the Amalgamated Com
panY, "A brass company, a shot aud
lead company, a smelling and re-
finlng company, a metal, lead
end zinc company in all, outside
of the United States Steel COipO.
ration. with its billion dollars
of capital, there are IL comb
nations dealing in metal, with "a
plants, and capital OF $l20, 900,
GEO.
The tobacco output of the coun-
try is in the hands of five combl
nations, whose III plants are CAPT
ialized at SIG. 600, 600 Six comb
nations control the manufacture
of vehicles III GO plants, Besides
these, there are 80 miscellaneous
trusts, operating 120 plants and
employing S45, 600, 600
The total of 1873 trusts have a
capitalization of So. 500, 6l5, 500.
The value of the lands, buildings
and other assets upon which the
capitalization is based was 81, 45S.
522, 573. This figure excludes the
value Of property of two cOnstitu-
ent companies III the Steel Corpo-
ration In other words, the real
value of the various plants is
about Al per cent. of the total
Ock and bond issues
Since the market prices of the
industrial stocks. exclusive of
Standard OIL and Pullman Gar,
which are exceptional, average
6l.S, the public has practically
discounted the face value of the
stock issues of the trusts by the
enormous figure of 1856, 500. IT'S.
There are States which appar-
emily offer special attractions as
the home Of these combinations,
for 35S plants are located in Penn
sylvania, 227 in New York, 225 in
Ohio, 1913 in Illinois, l23i MaS>a
achusettes and 100 in Indiana.
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