Mr. Carlin. I had in mind the testimony of Mr. Herbert Knox
Smith, who was here the other day, who, I believe, is the only wit-
ness who has given us any direct information as to the number of
corporations to be affected by different limitations. He was specific
with reference to the Clayton bill creating a trade commission,
rather than the other Clayton bills, and he said if we fix the limit
at $5,00,000 we would only include 450 corporations, while if we left
it without any limit we would have included over 50,000 corpora-
tions — that is, industrial corporations.
Mr. Brandeis. I think that figure is not correct, Mr. Carlin.
Mr. Carlin. That is what I want to invite your attention to,
because that is very important. His statement was, as I recall it,
that if we had a limit of $5,000,000 that we would only control 450
corporations, and if we left it as it was now, without a limit, that
would include 60,000 corporations.
Mr. Brandeis. I shall be able to give you

Mr. Morgan. I think you are mistaken about that last figure, Mr.
Carlin. Even if it were 50,000, there is quite a difference between
that and 450.
Mr. Brandeis. I shall be able to give you the exact figures in a
short time, because, at my request, the Secretary of the Treasury was
courteous enough to have the Commissioner of Internal Revenue
make up for use a statement in regard to the various liihits in regard
to corporations. I shall be glad to furnish that to the committee as
soon as I have it from the Commissioner of Internal Revenue.
