The Trust Problem, by Jeremiah Whipple Jenks ...McClure, Phillips, 1903 - 359 pages |
From inside the book
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Page 6
... the opin- ions of many persons who have thought it pos- sible to separate sharply between the good and evil arising from the modern organizations of capital , and who are ready to encourage the good 6 The Trust Problem.
... the opin- ions of many persons who have thought it pos- sible to separate sharply between the good and evil arising from the modern organizations of capital , and who are ready to encourage the good 6 The Trust Problem.
Page 14
... separate sale being , relatively speaking , large , is more important . For these reasons and others , the competition is much more nearly free , but the element of combination suggested still exists . Among manufacturers , the nature ...
... separate sale being , relatively speaking , large , is more important . For these reasons and others , the competition is much more nearly free , but the element of combination suggested still exists . Among manufacturers , the nature ...
Page 37
... separate the leather for itself and manufacture many different grades of shoes . This waste of competition or if one prefers in this case to say of subdivision- The - dear ११ which can be avoided by combination , of 37 The Wastes of ...
... separate the leather for itself and manufacture many different grades of shoes . This waste of competition or if one prefers in this case to say of subdivision- The - dear ११ which can be avoided by combination , of 37 The Wastes of ...
Page 39
... separate establishments are mostly in the hands of mediocre men , who , un- able to effect the savings that come from the most skilful organization or from a judicious forecast of the market , lose money for their stockholders without ...
... separate establishments are mostly in the hands of mediocre men , who , un- able to effect the savings that come from the most skilful organization or from a judicious forecast of the market , lose money for their stockholders without ...
Page 42
... combination also mere aggregation of capital . But these separate 42 The Trust Problem Combination between producers of raw material finished product Manufacture of by-products Economic function of combination in saving waste energy.
... combination also mere aggregation of capital . But these separate 42 The Trust Problem Combination between producers of raw material finished product Manufacture of by-products Economic function of combination in saving waste energy.
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Common terms and phrases
actual cash value amendment American Steel amount auditors Austria balance-sheet bonds capital stock cash cent certificate of incorporation chart classes common stock competition competitors Congress considerable consumers corporation law cost course courts directors Distilling dividends doubtless earning effect employers enforced engaged in interstate establishment evils fact favors freight furnish hand holders increase independent individual industrial combinations Industrial Commission interest interstate commerce investors J. P. Morgan labor legislation lessened manufacturers margin ment monopolistic monopoly natural monopolies nature organization output paid pany par value perhaps plants poration practically preferred stock probably profits promoter provisions railroads raw material readily regarding registered agent registered office rivals savings secure seems sell shareholders shares speculative Standard Oil Company Steel and Wire stockholders sumers tariff tin plate tion trade voting Trust wages
Popular passages
Page 294 - ... to be purchased or acquired, which is to be paid for wholly or partly out of the proceeds of the issue offered for subscription by the prospectus, or the purchase or acquisition of which...
Page 288 - ... who shall make it, or who shall assent thereto, shall be jointly and severally liable to the extent of such loan and interest, for all the debts of the company contracted before the re-payment of the sum so loaned.
Page 284 - If any certificate or report made, or public notice given by the officers of any such company in pursuance of the provisions of this act, shall be false in any material representation, all the officers who shall have signed the same, knowing it to be false, shall be jointly and severally liable for all the debts of the company contracted while they are stockholders or officers thereof.
Page 288 - Where the whole capital of a Corporation shall not have been paid in, and the capital paid shall be insufficient to satisfy the claims of its creditors, each stockholder shall be bound to pay, on each share held by him, the sum necessary to complete the amount of such share, as fixed by the Charter of the Company, or such proportion of that sum as shall be required to satisfy the debts of the Company.
Page 304 - ... and who shall be in office during the default shall at the time appointed for the next election, and for a period of one year thereafter, be thereby rendered ineligible for election or appointment to any office in the company as directors or otherwise...
Page 293 - ... have been issued, or agreed to be issued, as fully or partly paid up otherwise than in cash, and in the latter case the extent to which they are so paid up, and in either case the consideration for which those shares or debentures have been issued or are proposed or intended to be issued...
Page 304 - None of the provisions of this Act shall be construed to repeal any of the provisions of the
Page 273 - ... shall, in addition to the other penalties prescribed by law, be liable to a fine of one hundred dollars, to be sued for and recovered by the mayor or board making the appointment, in a court of record, for the use and benefit of the treasury of such city.
Page 263 - The larger corporations — the so-called trusts — should be required to publish annually a properly audited report, showing in reasonable detail their assets and liabilities, with profit or loss ; such report and audit under oath to be subject to
Page 277 - ... extend its corporate existence, create one or more classes of preferred stock, and make such other amendment, change or alteration as may be desired, in manner following...