[164] Cf. Hobson, "The Industrial System," chapter on "Ability."
[165] Report of the Commissioner of Corporations on the Petroleum Industry, II, 40, 41.
[166] Report of the Commissioner of Corporations on the Tobacco Industry, II, 26-34.
[167] Report of the Commissioner of Corporations on the Steel Industry, I, 51. According to F. J. McRae, the expert accountant for the Stanley congressional investigating committee, this concern secured 40 per cent. on the cost of its property.
[168] Hearings Before the Interstate Commerce Committee, U. S. Senate, Part XVI, pages 1146-1166.
[169] The Journal of Political Economy, April, 1912, p. 366.
[170] "Concentration and Control," p. 20.
[171] Page 621.
[172] The Journal of Political Economy, April, 1912, p. 363.
[173] Report on the Petroleum Industry, II, 74.