The so-called trusts; are they a menace to the future welfare of our country?
Moyle, Budd Spurgeon
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This is an era of federation and combination. Great capitalistic corporations and labor unions have factors of tremendous importance. Individual business men combine to form partnerships. Combinations in the form of corporations permit a still further development along this line. By combining a number of corporations within an industry, cooperation is secured. This combination is commonly called a trust, though it has various forms and is known under various names. Combinations of capital known as corporations were formed before the organization of labor unions. That these unions were formed is an evidence of the fact that the laboring class regarded the capitalistic combinations as a menace to their welfare.
Theses and Dissertations (MU)