The article focuses on corporate surplus policy as a function of monopoly. Two primary conditions prompt inquiry into the problem of corporate surplus policy in its relation to monopoly: the nature of antimonopoly attacks on corporate surplus policy and practice and the recent singular lack of progressive and constructive literature on corporate financing. In general the antimonopoly offensive has not been focused on corporate surplus entrenchment; in particular instances, however, the attack has precisely sought out corporate practice with respect to retention of earnings or surplus accumulation as its objective. The social reform role has been a principal factor inducing the criticism of earnings retention by corporations. The second condition, which prompts inquiry into this subject, is related, perhaps closely, to the social-reform nature of objections to surplus retention. Corporate surplus arises primarily by retention rather than disbursement of earnings; from an accounting view it constitutes the excess of corporate assets over corporate liabilities and capital stock.