American Cigar Company, Trenton New Jersey
On June 17th, 1901, the Consolidated Tobacco Company was incorporated in Trenton, NJ with a capital of $30,000,000. Under the umbrella of this company were several smaller enterprises including the American Cigar Company, the American Tobacco Company, the Continental Tobacco Company, the British-American Tobacco Company and the American Snuff Company. In this arrangement, the Consolidated Tobacco Company owned either a majority or a large portion of the stock of the subsidiary companies, thereby effectively controlling them without being in danger of having a monopoly. In 1904, the company was marginally reorganized and renamed the American Tobacco Company. This series of companies was colloquially known as the Tobacco Trust and, at the time of its founding, was responsible for producing 68% of
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