Note 1 — Monopoly; The Power Behind the Trust

In his definition of a trust Mr. John Moody, author of the “Truth About Trusts,” says: “When men form corporate organizations, or make agreements, they do not form monopolies. They may take advantage of monopoly in one way or another, but they do not create it. The monopoly itself is a social product, which exists with the consent of society, and men in business take advantage of it where found, just as they take advantage of other factors for the purpose of achieving their ends.”