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The Truth about the Trusts; A Description and Analysis of the American Trust Movement

The Truth about the Trusts; A Description and Analysis of the American Trust Movement


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Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: duce at Lake Superior by reason of the higher price of materials and labor, and 2 cents a pound more to produce in Montana by reason of the Amalgamated warfare upon Mr. Heinze. These increased costs have no effect upon the consumption. They do, however, insure less profits than were formerly possible from a 12l/2 cent copper market. No less interesting was the following exhaustive analysis published on April 4th, 1903: The decline in Amalgamated from above 75 to below 65, while copper has been advancing 2 cents per pound, or to above 15 cents, is somewhat anomalous. There have been as high as 22,000 shareholders of record on the books of the Amalgamated Copper Company, and at the present time there are about 20,000 shareholders registered. As many thousands of people have been 'shaken out of Amalgamated, ' it is probably safe to assume that next to the United States Steel Corporation, more people in the United States have been interested in the Amalgamated Copper speculation, or have been shareholders in its fortunes and its misfortunes, than in any other stock ever distributed or promoted in this country. Every one of the purposes for which the Amalgamated Copper Company was declared to have been formed has failed in realization and is still a matter of the future. These purposes were: The settlement of the mining litigation at Butte. The consolidation of all the mining interests there. The extension of this consolidation area to Lake Superior and Arizona. The control of the American market, which produces one-half the copper of the world and which, up to the time of the formation of the Amalgamated Copper Company, had been exporting one-half of the production. An international arrangement for the sale and distribution of copper upon a stabl..


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Product Details
  • ISBN-13: 9780217400381
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 204
  • Spine Width: 11 mm
  • Width: 189 mm
  • ISBN-10: 0217400388
  • Publisher Date: 14 Jan 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 372 gr


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