Abstract :
The most prominent characteristic of present-day industrial development is the tendency to consolidate. It is so apparent on every hand that this may well be called the Age of Centralization. The economies that may be effected by large production and centralized direction are being appreciated more and more, and extremely large industries have been, and are being, built up by combining many individual plants. In the main, such combinations have resulted in material benefits to the country and its people.
