Word: oiling
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Dates: during 1900-1909
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...however, has shown that in most cases the larger organizations have secured sufficient control of the market to enable them to raise their prices, thus making consumers suffer for the benefit of stockholders. This has been the result of the organization of the American Sugar Refining Co., the Standard Oil Co., the American Tin Plate Co., and the American Steel and Wire...
Trusts, so called, vary much in form. The first kind is the "pool" of which some are now in operation. In the old Trust form, of which the Standard Oil Company is a type, a small board of trustees have the business of managing all the different companies, but dividends are paid out on combined profits. Much anti-trust legislation, however, led to the formation of the typical form of trust--the single corporation. The form of Trust which is now in the ascendant is modelled much after the old Trust. A central company is organized...