p. 16 | The Growth of Trusts

Pacific Press Publishing Company · Oakland, California · May 17, 1899

FromSigns of the Times, Vol. 25, No. 20.

The Growth of Trusts.

A computation made by a Western paper of the recently organized trusts in this country, shows that in the first three months of the present year the number formed in New Jersey alone had nearly reached the aggregate for 1898. In January 24 companies were incorporated with a capitalization of $384,000,000, in February, 29 companies, with a capitalization of $403,250,000; in March, 53 companies, with a capitalization of $531,600,000. This makes a total for New Jersey of $1,308,850,000. This sum has been added to by the incorporations in other States. The estimates do not include a large number of combines and consolidations, which, if carried into effect, will add nearly $3,500,000,000, making the capitalization of the trusts organized in 2 years—1898 and 1899—in excess of $6,000,000,000.—Christian Work.