------ ---------------
Total, 40 years ........ 181 $3,586,000,000

Sec. 9. #The great period of trust formation.# The number of trusts
organized and the capital represented by this movement in the last
of these decades were seven times as great as in the thirty years
preceding. The figures by years for the decade 1890-1899 are as
follows:

Decade Number Organized Total Nominal Capital

1890 ................... 6 $82,000,000
1891 ................... 13 168,000,000
1892 ................... 13 140,000,000
1893 ................... 5 226,000,000
1894 ................... 2 35,000,000
1895 ................... 7 104,000,000
1896 ................... 3 40,000,000
1897 ................... 6 93,000,000
1898 ................... 22 574,000,000
1899 ................... 80 1,688,000,000
---------------- ---- --------------
Total, 10 years ......... 157 $3,150,000,000

The influence of great prosperity shows in the large number of
combinations; but in 1893, the number was less, altho the total
nominal capital (stocks and bonds) was still the greatest it had ever
been in any year. Then came the period of depression, 1894-97, when
both the numbers and the capital were comparatively small. Then from
1898 to 1901 followed the period of the greatest formation of trusts
the world has ever seen.

The list of these four years contains the names of the most widely
known American combinations, a few of which are here given with the
years of their formation: 1898, American Thread, National Biscuit;
1899, Amalgamated Copper, American Woolen, Royal Baking Powder,
Standard Oil of N.J., American Hide and Leather, United Shoe
Machinery, American Window Glass; 1900, Crucible Steel, American
Bridge; 1901, United States Steel Corporation, Consolidated Tobacco,
Eastman Kodak, American Locomotive.

Sec. 10. #Height of the movement toward combinations.# In a list by
another authority[8] it appears that the data for all industrial
trusts are in round numbers as follows:

Number of
Plan