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 such as cold storage, railroads, elevators, and steam-ship lines. And, furthermore, the trusts control the markets. In all this the farmers are without power. As regards their political and governmental power, I'll take that up later, along with the political and governmental power of the whole middle class.

"Day by day the trusts squeeze out the farmers as they squeezed out Mr. Calvin and the rest of the dairymen. And day by day are the merchants squeezed out in the same way. Do you remember how, in six months, the Tobacco Trust squeezed out over four hundred cigar stores in New York City alone? Where are the old-time owners of the coal fields? You know to-day, without my telling you, that the Railroad Trust owns or controls the entire anthracite and bituminous coal fields. Doesn't the Standard Oil Trust own a score of the ocean lines? And does it not also control copper, to say nothing of running a smelter trust as a little side enterprise? There are ten thousand cities in the United States to-night lighted by the companies owned or controlled by Standard Oil, and in as many cities all the electric transportation, —urban, suburban, and interurban,—is in the hands of Standard Oil. The small capitalists who were in these thousands of enterprises are gone. You know that. It's the same way that you are going.

"The small manufacturer is like the farmer; and