question presses ever more importunately for decision whether these
marvellous aggregations of capital can be subordinated to the very laws
which created them."
Legislation in many States, the enactment of the Sherman anti-trust law
by Congress, and the decision of the Supreme Court in the Trans-Missouri
case rendered insecure trust agreements of the old type, in which
constituent corporations surrendered the control of their affairs to
trustees. But the current merely shifted to a different channel, the
trust proper giving way to the giant corporation having the same aims,
methods, and efficiency, while, as more legal, it was less vulnerable.