From a brokerage circular which recently came in my mail, I have clipped a few more instances of the workings of trust finance. The argument of the circular is that I need not be frightened at their offer to make my money earn more than six per cent.—that over a hundred per cent. is “being frequently earned by legitimate business.” Thus the Diamond Match Company recently paid ten per cent. on a capitalisation of fifteen million dollars, when its original capitalisation had been only six million dollars. The Western Union Telegraph Company began in 1858 with only three hundred and eighty-five thousand dollars, yet in 1874 it paid one hundred and fourteen per cent. on seventeen million dollars. Anyone who had invested one thousand dollars in this stock in 1858 would by 1890 have received fifty thousand dollars in stock dividends and one hundred thousand dollars in cash dividends. The present capital is over ninety-seven millions—“and the greater part of the equipment has been created out of the earnings of the company!” In the case of the Prudential Life Insurance Company (owing, though the circular does not state it, to a little deal between United States Senator Dryden and the New Jersey State Legislature) for every one thousand dollars originally paid in, the stockholders now own twenty-two thousand dollars’ worth of stock and received annual cash dividends of twenty-two hundred dollars, or two hundred and twenty per cent. upon their original investment! And then, to diversify the subject, let us consider the tariff, and its variegated plunderings. In a letter to the New York _Evening Post_ of Oct. 26th, 1904, Mr. J. R. Dunlap gave some figures showing the “scandalous taxes imposed by trusts upon the people”: