The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1908-10-11

BE CALAMITY" NOT TO STOP
~~-~~~~~-~-~-~~~~~~~-~~
trusts were incorporated under tae
rrs administration Of Theodore
! Roosevelt.
Tho Consolidated Tobacco Com
pany-otherwisc known as the in
! famous Tobacco Trust-vas incor-
porated in 1901. with capitaliza-
tion of sjO2.9l5.7OO. This combina-
/ tion took in about $50 plants
The International Mercantile Ma
rinc Company. taking in six plants,
was Incorporated in 1902. with
capitalization Of sl7O.7S6.OOO.
The United States Steel Corpora
I iion. taking in 7S5 plans, with
capitalization of sl,37OOOO.OOO, wac
Incorporated in 1901
Now. suppose we study these fig.
ures little. All Of the seven
great industrial trusts were formed
under the administrations of repuh.
lican presidents. The entire capital
ization of these big concerns was
81 6G2. .752. 100. and the number of
/ plants acquired was l,52S.
Under the first administration OF
Mr. Roosevelt 9ll plants were con
solidated, with combined c., tall
zatiou OF S2.Ol2. 900 600, as asains,
5N7 plants. with a capitalization o'
S6G2 752.lOO during previous admin
isratious.
Up TO the end Of Mr. Roosevclts
first administration 29S lesser in
dustral trusts had been termed. or
these, forly-slN had been formed
with capitalization Of SS3O,OoO, 900
before Cleveland retired from office
Many OF these combinations took
place under the administration OF
President Harrison and other rcpub
lean presidents.
30 less than 252 lesser trusts
were organized, with capitaliza-
ton of S3,33o,uOOOOO after Cleye-
land retired. or these, the lesser
trusts organized under the first al
mn.suauon of Roosevelt had
capitalization of about 81 .63O. 600
Since Mr Cleveland retired the
total capitalization was about 500
>5oouo,ooO. and of this amount
about S3.d7O.OoO,UOO was capitalized
under three years of the Roosevelt
administration what combinations
have been formed during the pres.
out term We will not undertak
10 say; hut. eliminating them from
the equation. we are driven inev-
itaby 10 the conclusion that the
administration of Mr. Roosevelt has
been the greatest trustbuilding era
In the history of the government
or course, II would hardly he
fair to hold any president account.
able for the trusts formed under
his administration, hut If he claims
credit for smashing the trusts. are
We not warranted in turning TO
the statistics We find as mat.
ter of record that hundreds of
trusts were incorporated under
Roos,velrs administration, and we
know OF none that were put ont
Of business
This proves that the admuistra.
tiou of Mr. Roosevelt was not in.
imical To the formation of trusts.
Without going into the causes lead
ing to the organization of indiyid-
ual combinations, We are forced TO
the conclusion that Theodore Roose-
Welt has been the greatest Trust
Builder the world has ever seen.
II the trusts had been afraid of
, Mr Roosevelt, why should they
ouoct more combinations of greater
capital under his administration
, than during the entire previous mis-
! tory of the republic?
The trusts, Judging from the rec
= ords, have confidence in Mr.. Roose-
welt and discount his declarations
gainst them. When the industrial
history OF the country comes to be
! written the historian will be COM