History of the United States from the earliest discovery of America to the end of 1902 . ealth inthe hands of a few men. . , The questionpresses ever more importunately for decisionwhether these marvellous aggregations ofcapital can be subordinated to the very lawswhich created them. 390 EXPANSION [1902 Legislation in many States, the enactmentof the Sherman Anti-Trust law by Congress,and the decision of the Supreme Court in theTrans-Missouri case rendered insecure trustagreements of the old type, in which constitu-ent corporations sur-rendered the controlof their affairs totrustees. But thecu
History of the United States from the earliest discovery of America to the end of 1902 . ealth inthe hands of a few men. . , The questionpresses ever more importunately for decisionwhether these marvellous aggregations ofcapital can be subordinated to the very lawswhich created them. 390 EXPANSION [1902 Legislation in many States, the enactmentof the Sherman Anti-Trust law by Congress,and the decision of the Supreme Court in theTrans-Missouri case rendered insecure trustagreements of the old type, in which constitu-ent corporations sur-rendered the controlof their affairs totrustees. But thecurrent merely shiftedto a different chan-nel, the trust proper,giving way to thegiant corporationhaving the sameaims, methods, andefficiency, while, asmore legal, it was less vulnerable. In the railway world, community of inter-est assumed the place of pooling Union Pacific acquired large holdings fromCollis P. Huntingtons estate and controlledthe Southern Pacific. The power behind theSouthern Railway got control of nearly allthe other southern railways, including the. Collis P. Huntington. igo2] THE RISE OF ROOSEVELT 391 Atlantic Coast Line, the Plant System, and atlast even the Louisville and Nashville. TheNew York Central dominated the other Van-derbilt roads. The Pennsylvania secureddecisive amounts of Baltimore and Ohiostock, as well asweighty interests inthe Chesapeake andOhio and the Nor-folk and Western,and so on. Great bankingestablishments, fore-most among themthe house of J. & Co., tookto financing these schemes. Morgan reorganized the NorthernPacific, and it would forthwith have pooledissues with the Great Northern but for op-position by the State of Minnesota. JamesJ. Hill was master of the Great Northern,and confidence existed between him andMorgan. They wished a secure oudet for the prod-
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