Through their political influences they obtained franchises of priceless value, organized subsidiary street railway companies, and exchanged the stock of these subsidiary companies for that of the Metropolitan.

通政治影响， 获得了无价特许经营权， 组织了附属街道铁路公， 并将这些附属公票换成了大都会票。

A trust was formed, consisting of nine trustees, who held, for the benefit of the Standard Oil stockholders, all the stock in the Standard and in the subsidiary companies.

成立了一个由九名受托人组成信托， 为标准石油公东利益持有标准石油公及其子公所有票。

As less than a dozen men owned a majority interest in the Standard Oil Company of New Jersey, these same men naturally continued to own a majority interest in the subsidiary companies.

由于只有不到 12 人拥有新泽西标准石油公多数权，因此这些人自然会继续拥有子公多数权。

For the accomplishment of his idea of a national telephone system, instead of a parochial one, Mr. Vail organized, in 1881, the American Bell Telephone Company, a corporation that really represented the federalization of all the telephone activities of the subsidiary companies.

为了实现全国电话系统而不是地方电话系统想法，韦尔先生于 1881 年组织了美国贝尔电话公，这家公真正代表了子公所有电话活动联邦化。