Note 142 — Chapter VI · ToC

Mr. George Gunton, in writing upon "The Economic Aspect of Trusts" (Political Science Quarterly, Sept. 1888), claims a rise in wages as one of the advantages of Trusts, but Mr. Gunton throughout his argument assumes that a Trust is a large competing capital and not a monopoly. If a Trust were a competing capital its formation would be an economic and social advantage, tending, as he says, "to increase production, to lower prices, and to raise wages." But as a Trust is not a competing capital it does none of these things.