In spite
of the acquisition of these properties, the following year, 1907, the
total percentage shrank slightly, and this shrinking has continued until
in 1910 the total percentage of the Steel Corporation is but a little
over 54 per cent, and the percentage by all other steel manufacturers
but a fraction less than 46 per cent. Of the 54 3_10 per cent produced
by the Steel Corporation 1 9_10 per cent is produced by the former
Tennessee Coal and Iron Company. In other words, these figures show that
the acquisition of the Tennessee Coal and Iron Company did not in the
slightest degree change the situation, and that during the ten
years which include the acquisition of these properties by the Steel
Corporation the percentage of total output of steel manufacturers in
this country by the Steel Corporation has shrunk from nearly 66 per cent
to but a trifle over 54 per cent. I do not believe that these figures
can be successfully controverted, and if not successfully controverted
they show clearly not only that the acquisition of the Tennessee
Coal and Iron properties wrought no change in the status of the Steel
Corporation, but that the Steel Corporation during the decade has
steadily lost, instead of gained, in monopolistic character.
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