Trusts

The original sense of the word trust describes an arrangement for administering the affairs of a child or incompetent adult (beneficiary) by a person known as a trustee. A trustee is a person or party who acts on behalf of another or others, usually under the terms of a court order.

In a business application, the trust was an arrangement under which stockholders in a company would assign their shares to trustees, who have the voting power to guide the decision-making of that company.

This technical use of the term is of less historical interest than its other use, to describe an arrangement under which major producers in an economic arena would agree to control production and prices to their mutual benefit. Instances included John D. Rockefeller`s oil trust, the barbed wire trust, the cash register, trust and the sugar trust, among others.

In the United States, trusts came under increasing public criticism in the late 19th century and would become the subject of antitrust legislation. The state of New Jersey in 1889 enacted new corporation legislation, authorizing the use of the holding company to circumvent the discredited trust.

Off-site search results for "Trusts"...

Trust Busting
... One example of trust busting at the national level was the Sherman Anti-Trust Act, passed in 1890. The federal government could use this law to attack corporations whose business interests crossed over state lines. Presidents Theodore ...
http://www.ohiohistorycentral.org/entry.php?rec=1520

#6 - Trust Fund? What Trust Fund?
Hintgen Building in Parkersburg, West Virginia near the Ohio River.1 * The Trust Fund is stored inside the locked bottom drawer of a gray filing cabinet controlled by employees of the U.S. Bureau of Public Debt. * That drawer contains $1.76 ...
http://www.nationalcenter.org/TPSocialSecurity6.html

Presidio Trust Contracting Opportunities - Presidio of San Francisco
... Contracting Opportunities Presidio Trust Contracting Opportunities The Presidio Trust€™s open market contracting opportunities are advertised on Federal Business Opportunities Website, the single government point-of-entry for federal ...
http://www.presidio.gov/Trust/Contracting