TRUSTS, COMBINES, ETC. II5 



refined product to the consumer. In any event, the 

 public at each end of the industry — the producer and 

 consumer — is, and is intended to be, in a certain sense, 

 at the mercy of the syndicate, combination, or trust." ' 



' To evade the laws which have been recently passed aiming at the 

 suppression of trusts, these organizations are merging into huge 

 joint-stock associations, with the same purposes in view as the trusts 

 — namely, to control both demand and supply. 



