"TRUSTS" IN LIGHT OF CENSUS RETURNS 165 



one electric boat company with 3 plants ; and 6 other combina- 

 tions carrying on various industries, such as the manufacture 

 of carbon, whips, rubber goods, etc. These corporations were 

 reported as employing $45,000,000 of capital in the specified 

 industries. 



No statement has here been made of the capital stock 

 issued upon the property represented in the plants and other 

 assets employed in these several classes of industry. The rea- 

 son for this is that, owing to different methods of tabulation, 

 the capitalization statistics presented by the census office are 

 not comparable, by classes of industry, with the statistics of 

 property. In a number of instances combinations operate 

 plants engaged in different industries. In the tabulation of 

 the statistics of property and other assets, all plants en- 

 gaged in a given industry are gathered together without re- 

 gard to the nature of the combinations controlling them, 

 while in tabulating the capitalization statistics each combina- 

 tion has been placed in the group of industries to which it 

 would be assigned according to its product of chief value, and 

 with it have been gathered all the plants over which it exer- 

 cises control, without regard to the nature of the work 

 carried on by them. The method of treating property in- 

 volves considerable duplication in the number of combina- 

 tions, and this the reader may have noticed, as the sum of 

 the combinations enumerated considerably exceeds 183, the 

 actual total number. The capitalization of the industrial 

 combinations— that is, the par value of stocks and bonds 

 actually issued — is shown below by classes of industry: 



COMBINATIONS CLASSIFIED BY PRINCIPAL PRODUCTS, WITH NUMBER OF PLANTS 



AND CAPITALIZATION. 



