Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1886-03-29
THE TACK MANUFACTURERS.
The Reasons which Brought About Di
solution of the Association.

The Reasons which Brought About a Dis.
solution OF the Association.
Treasurer John C. Parks, Of the Central
Tack Manufacturing Company, furnishes
the following statement of reasons for dis.
solving the combination: After period
of four years of successful operation, we
have come to the conclusion that the com.
pany has outliVed it's usefulness, and that
its further continuance would be deteri-
mental to the permanent interests OF our
business as individual manufacturers,
and as injustice to the large num-
Der Of our loyal customers who are disposed
to stand by u.s. This because Of the arti.
fetal encouragement such ON iron.clad or.
ganiza,ion as the G. T. NJ Co gives to out
biders to increase their facilities, and the
inducement it affords for fresh investments
in the business.
Reliable statistics show that there are
nearly three machines in existence for every
one required to supply the present demand
for our line OF goods, and the business hss
only been made temporarily good for out
siders' by the rigid policy OF restriction to
LEES than hslfrunning time on the part Of
the c. 7. NJ. Co. But these facts have not
seemed to impress themselves upon new in
vestors in the business, else they must have
been anticipating an early abnormal in
crease in the consumption Of tacks, or have
over-estimsted cur ability TO. in some way,
not readily apparent regulate the produc-
lion with reference thereto. At any rate
machines have rapidly augmented. Con-
seguentlg, although our sales in tons dur
ing the nine months ending December 81,
1885, were over 20 per cent. larger than
during the preceding period Of nine .:aonths,
va co." ole 20 me conclusion early in Jsuua,
~ that it would be the Sast OF wisdom to
canSel our indentures iu the near future, or
to inaugurate an era OF cost selling prices.
but would either plan accomplish the
same end-;hat Of discoursging an in.
crease of mschines} 1t would seem 60
from a superficial standpoint, bat deeper
reasoning showed the probabilities to be
quite otherwise, and that 80 long as the C.
NJ. Co. continued to exists or rather while
it maintained it's indentures with its mem
Oers there would be constant incentive
10 competitors for increased facilities, in
the expectation that some time, sooner or
later, we would advance prices, or would at, |
ford terms Of co operation to outsiders |
Meantime our loyal customers must buy |
more or less outgide, or sacrifice a portion |
of their business on our line OF goods; for
With such seemingly promising results in
tie long run, outsiders would feel that
hey could reasonably hazard sales at less
han cost dur ng The interim. Hence we
decided that it was net OILY the part of
wisdom, but our duty to all concerned. to
Ihape our course for speedy closing up Of
OUR business as consolidated COM auy.
"0ur f,st step in this direction was to
ADVANCE our prices to point which prac
ically amounted to giving up the msrkei
o our Gus omers, thereby enabling them
o Ie!uce their stocks on hand to the mir
mum. The next wes to arrange for the
and determination Of our in.
entures Of agreement, which We have &C.
TO take tff,ct at the end OF Il g
lonth Of April, 1886 But we expect to
g able TO terminate some Of our linden
Tres By mutual agreement at the end
the cuIIent month OF March.
he release OF some of our agents, April
1886. and the remainder 2sy |, 1886,
Iesns th cane citation snd determination
their indentures Of agreement and
yency, after which such sgebts vii be
ee TO accept orders and to cell goods Cd
eir oRn account at suoh prices and on
ch terms IS they may see fit
AS tothe dissolution ofthe c. T. N Co
at is an after MATER, the company being
chartered corporation. 1t will,
,wever, be dissolved as soon as practical
e sGer the termination of lis iudent.
e."