The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1888-12-26
ABOUT TRUSTS.


and consumers will be unable to get {
single banana or q plantain save through
the courtesy of the trust, which was Or.
| ganized 10 New Orleans. A few days ago
a circular was sent to all the fruit men IL
country, calling them to a secret confer.
ence 10 New Orleans. 1t was signed by
six of the largest fruit houses in that city
There a trust was formed representing 0
combined capital of $40, 100000. 1t will
purchase the entire offerings Of tropica
steamers. Six million dollars have been
advanced by London capitalists to build
railroads in Honduras and elsewhere, &c
as to concentrate the fruit market at Ger.
tian selected shipping points.
The New York State Senate has had O
committee at work upon Trusts. In New
York city testimony was taken concern
ing the Sugar Trust, the combination OF
milk dealers 10 the city, the Cottenseed
Oil Trust, the envelope manufacturers
combination, the Warehouse Trust, tue
Standard Oil Trust, the Oil Cloth Asso-
citation, the combination of butchers 10
the city, and two or three other ''com-
bines." With reference to the general
effect" of such rings "upon the public
interests" the committee said
However different the influence which
gave rise to these combinations Ia each
particular case may be, the main purpose,
management, and effect of all upon the
public is the same, to wit: The aggrega.
ton of capital, the power Of controlling
| the manufacture and output of various
necessary commodities, the acquisition OIL
destruction of competitive properties, all
leading to the final aud conclusive pur-
pose of "annihilating competition and en-
aiding the industries represented In the
combination to fix the price at VIII ich they
would purchase the raw material from
the producer aud at which they would
sell the refined product to the consumer.
SIN any event, the public at each end oil
the industry (the producer aud consum err
is, and is intended to be, in certain
sense, at the mercy OF the syndicate, com.
bination or Trust
Concerning the Sugar Trust the com
mittee said:
at Is obvious that in effect this com.
bination, representing, az It does 80 pei
cent. of the sugar refining capacity of the
Atlantic coast and all the sugar refiueries
in the State, can greatly affect aud for q
time, at least, control at once the price OF
the raw material and Of the refined pro-
duct, and this without regard to the in
terest of the consumer"
It is now notorious that the Sugar
Trust has absolutely controlled the price
of sugar 10 this country for almost year,
anil has SO raised the price that 1t yields
an enormous profit In excess of the pro-
fit obtained by the refueries before the
Trust was formed.
The .'avowed object of the Cottonseed
Oil Trust, the committee said, was ito
get aud keep control of the manufacture
and sale of cottonseed oil, and to that end
it buys up, destroys, or assimilates all in.
dividual industries of its own kind within
it's REACH The committee discovered that
1t had "many of tue very worst features
of the Trust kind" and to the committee
1t seemed mot improbable that its au-
thors have other, II possible, worse mo-
tives 10 its organization than the forma-
ton of q company to destroy competition. J"
IL Is SO obnoxious to the people of Louisl-
and that they have undertaken to break
1t down by o suit at law.
Concerning tho Milk Exchange, limit
ed, of New York city, the report said:
''Its object is to destroy competition,
aud it is a monopoly Of the soorst sort.
me corporation was iormeu WIN eno Us
tens,vie uss'gn ol ouylhs auu so,'us " IN,
nu. 1he ui.uu'e lnen wno naso ~ ~ oo ,'s
tto' "fess " ito.h ITO olig'na, puIposo anu
to FIX the price of milk, to oblige the
farmer TO sell his milk at or 8 cents a
quart 70 tne.n, .ne 1honners Vi 'ne hn1
nAcnange, lmieeu, anu .hey arc 'eis neo
W charge tue consumer III .ue cry : VI
cen.s, auu q. tl'nes ~ cenes qu"'S ."
tneir ulscretion.
Inc otanuaru vi lrus., sara eae yum
ml'tee' .ne sype oi asyssen "nlcn nas
spteau ilke ulsease. having Pelnteu
eur It's vast acoumuiaslons ana l.s aoso.
lute con.Iol u gfe"e '"oussiy' '"o ooHh=
mi aW, aoueu: . -. N ~.
"hen II Is tenemoeteu 'pas al su,s
vast wealth - tpe CROWN o. aoou. twenty
years mat tu,s ptopel1y nas more .nun
oonoleu 10 saine in SIX years, ano snae
WIN TINS Increase e1e irus. mas maae az
grega.e olvloe nn during tnae perlou o.
over eov'VVo,ovo, .he people may wen
look WIN apprehension .. rucn sapiu ue-
ve'opmen. anu cenerai,za.'on Vi wealth.,
wmosy maep '',' y ss". oo"" I's, an ~