106 MAURICE H. ROBINSON 



volume seven, those dealing in agricultural products, like 

 milk and grain; volumes four and nine, relating to transpor- 

 tation, furnish information in regard to the discrimination 

 of railways as they affect the great corporations; volume 

 eleven, a report on the taxation of corporations. In addition 

 to these volumes, the final report comprises a summary and 

 the report of the experts employed, on (1) mining combi- 

 nations, (2) railroad combinations, (3) industrial combina- 

 tions, and (4) the taxation of corporations. It also contains 

 an appendix, showing the volume of production in various 

 lines, price statistics for various commodities, a list of indus- 

 trial combinations with their capitalization and dividends, 

 and the amendment to the anti-trust act of 1890 introduced in 

 the fifty fifth congress by Mr. Littlefield of Maine. In the 

 volumes relating to trusts, in addition to the testimony, there 

 are found two papers of exceptional value, both by Professor 

 Jenks, the expert of the commission, the one relating to prices 

 of commodities dealt in by trusts and, second, to the character 

 of the securities of certain railways and the more important 

 combinations. The value of the testimony is largely enhanced 

 by the very complete indices prepared and, for the use of the 

 public at least, by the digests and reviews prepared by the 

 experts of the commission. The matter relating to trusts 

 comprises about 3,500 pages, of which about one half is testi- 

 mony and the remainder reviews, digests, special report, 

 indices, lists of witnesses, etc., etc. Over 100 witnesses ap- 

 peared before the commission and testified in regard to over 

 fifty of the larger and more important combinations. In 

 some cases the value of the testimony regarding a certain 

 trust was lessened by the fact that only one witness appeared, 

 usually some one intimately connected with the organization 

 of the corporation in question. 



Having outlined the organization of the commission, the 

 nature of the problem before it, and the general character of 

 the report, we are now in a position to inquire, what light has 

 the investigation thrown upon the questions involved in the 

 trust problem? 



I. The Extent and Rapidity of the Consolidation 

 Movement. Upon this point the report throws little light. 



