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Updated: September 3, 2025
Coal, iron, steel, oil, machinery, and a score of other commercial necessities had already been "trustified," and others, such as leather, shoes, cordage, and the like, were, almost hourly, being brought under the control of shrewd and ruthless men.
This concerned so simple a thing as matches, a commodity which at this time, along with many others, had been trustified and was yielding a fine profit. "American Match" was a stock which was already listed on every exchange and which was selling steadily around one hundred and twenty.
There is no indication in the literature of the syndicalists, and certainly no promise in a system of completely autonomous groups of producers, of any solution of the vast problems of modern trustified industry. It may be that such ideas corresponded to the state of things represented in early capitalism.
In none of the "trustified" industries, save anthracite coal, was labor organization able to make any headway. And yet the American Federation of Labor, situated as it is, is obliged to stake everything upon the power to organize. The war gave it that all-important power.
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