The New Trust

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Pacific Press Publishing Company · Oakland, California · Mar 27, 1901

FromSigns of the Times, Vol. 27, No. 13.

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The New Trust

The new trust just forming, to be known as the American Steel Company, will be able to put bands of steel about every industry in America depending on that metal. It now looks as tho the capitalization of the trust at a billion dollars is but the beginning, and that it may possibly reach two billion. Its broad scope is designed to include everything into which steel enters, from the raw ore to the finished product, ranging from armor-plate down to corset steels, watch-springs, and needles.