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Updated: June 28, 2025
Many communities of diverse and often incompatible backgrounds and interests were herded together, helter-skelter, into the City of Rome, Latium, the Italian nucleus and the subsequent alliances, federations, conquests, consolidations into colonies, occupied areas, provinces and spheres of influence.
There is only one way to solve the problem, and that is to modify that Act so that a distinction can be made between those consolidations which advance the country's prosperity, and those which are operated solely for personal gain to the detriment of all except the few directly interested.
To render this service more efficient and effective and to promote a more scientific regulation, the process of valuing railroad properties should be simplified and the primary valuations should be completed as rapidly as possible. The problem of rate reduction would be much simplified by a process of railroad consolidations. This principle has already been adopted as Federal law.
I recommend that the Congress authorize such consolidations tinder the supervision of the Interstate Commerce Commission, with power to approve or disapprove when proposed parts are excluded or new parts added. I am informed that the railroad managers and their employees have reached a substantial agreement as to what legislation is necessary to regulate and improve their relationship.
With the best of intentions Davidov could make little headway against the passive resistance of the Chief-Manager, and those intentions would be weakened by the consolidations the Company so generously afforded. The result was hardly open to doubt. If he left Sitka before the completion of the Avos, Russia would go unavenged for the present. Or himself?
Many irresponsible and purely piratical concerns were closed altogether; others were compelled to take out royalty licenses; consolidations of large interests were brought about; the public was gradually educated to a more correct view of the true merits of conflicting claims, and, generally speaking, the business has been greatly unified and brought within well-defined and controllable lines.
For several weeks Kenmore's correspondence had suggested certain unrest in the Senate concerning trusts and consolidations, so when Gorham received from him an urgent summons to come to Washington at once, it left no room for doubt as to the necessity which prompted its sending, and obliged him for the present to abandon his idea of rest.
The loss of dividends to them was poorly compensated by reflections upon the development of the country, and the advantage to trade of great consolidations, which inured to the benefit of half a dozen insolent men. In discussing these things in our little parliament we were not altogether unprejudiced, it must be confessed. For, to say nothing of interests of Mr.
I am going to use the Consolidated Companies as an example, and urge immediate active enforcement of the Sherman Act against all consolidations which aim at monopolies or the restraint of trade. The Attorney-General said that this would mean an industrial reign of terror. So be it.
He must be assisted by the reorganization of the freight-rate structure which could reduce charges on his production. To make this fully effective there ought to be railroad consolidations. Cheaper fertilizers must be provided. He must have organization.
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