ABSTRACT

The word "Trust" was originally used to describe a combination or pooling of the interests of a number of producers worked through a single Board of Control representing all the units of the combination. The term is now used broadly to describe any large combination of producers, in whatever form combined, whether by the merging of all the producers in one great company, or whether the units retain their individuality and work by joint agreement. Many different forms of combination, and many different names, such as "Trust," "Pool," "Combine," "Merger," "Syndicate," or "Kartell," all express the same idea, viz., the abolition of competition amongst a group of producers.