What vitiates not only their conclusions, but the whole work, is that written from the standpoint of the small capitalists, they forget that the "trusts" are only part of a larger whole.
The increment of wealth that has gone to large capital in this country in the census period 1900-1910 is certainly less than what has gone to small capital.

Farm lands and buildings have increased in value by $18,000,000,000, while the increased wealth in farm animals, crops, and machinery will bring the total far above $20,000,000,000.

The increase in city lands and houses other than owned homes, which has not been less than that of the country in recent years, must be reckoned at many billions, and these, like the farm lands, are only to a small degree in the hands of the "Trusts." Even allowing for the more modest insurance policies, and savings bank accounts, as belonging in part to non-capitalists, small capitalists have piled up many new billions within the same decade, in the form of bank deposits, good-sized investments in insurance companies, in government, municipal, and railway bonds, bank stock, and other securities.

No doubt the chief owners of the banks, railways, and "trusts" have increased their wealth by several billions within the same period, but this is only a fraction of the increased wealth of the smaller capitalists.

It is not true, then, that "the increment of wealth of the continent" has gone to--"the makers of monopolies and their allies." Let us now examine the question of _the control of industry_ from this broader standpoint.