MERGERS RECORDED 
1928 ss 221 
11] 
Sone Hes 
, 
4 
1919 1920 1921 1922 1923 1924 1925 1926 1927 1928 
CHART 13.—A concern “acquired,” means that one of the original companies 
persisted; nevertheless often an acquisition has the same significance as a merger. 
A merger, of course, means that several concerns have been organized as an entirely 
new corporation. Data are obtained from Recent Economic Changes (page 184), 
recording mergers and acquisitions in manufacturing and mining.