THE AMERICAN TOBACCO COMPANY
The history of the tobacco trust begins with the organization of the American Tobacco Company in 1890. After 1887, attempts had been made to consolidate some of the leading manufacturers of cigarettes, but these efforts proved unsuccessful until 1890.2 On January 21 of that year the American Tobacco Company was incorporated in the state of New Jersey, with a capital of $25,000,000,--$15,000,000 common, and $10,000,000 preferred.3 The American Tobacco Company was a consolidation of five of the leading manufacturers of cigarettes, producing____________________
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Publication information: Book title: The Trust Problem in the United States. Contributors: Eliot Jones - Author. Publisher: Macmillan & Co.. Place of publication: New York. Publication year: 1922. Page number: 123.
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