The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1888-03-01

country-big and little-which man.
ufacture hemp, MANILA and sisal into
rope and bindery Irvine. Bindcry
Irvine alone has grown to be . much
more enormous industry than II CON-
imonly known.
/ In August last pool was formed.
/ Mr.. J. NJ. Waterbury, OF this city
was the chief promoter Of this scheme
which was the organization Of com
pany to crn:raiize and control the
purchase Of raw material for all the
mills in the country and to place on
the market the manufactured prod
ucts OF these mills. The National
Cordage Company was formed under
the laws OF New Jersey with q capt.
al Of $2, SOC, 900. but its Office Is in New
York, where the chief market OF the
eeuntry il. Over one-third Of the
mills OF the country have come into
the pool, representing more than
one half the total production. The
pool is growing steadily.
THE sTKEL AND IRON TRUSTS.
In steel and iron there are trusts
and combinations a. hard and as
strong ~ the metals with which they
are concerned.
The largest and most important of
these organizations il probably the
Bessemer Steel Association. All the
mills In the country which turn out
steel rails belong TO this pool, which
il the successor Of the old Bessemer
rail monopoly.
That the combination IL . strong
one is evidenced by the fact that it
was able to advance the price Of
steel rails from $27 to 40 ton. 1t il
true that $27 was too low q price for
money making, but on the other
hand $40 left the large margin Of Is .
ton profit. Andrew Carnegie, whose
steel works near Pittsburg employ
1000 men, and are said to be the
largest OF their kind In the world,
and b. &. Clarke, Of the great Thorn
as Iron Company, are the leading
men in the Bessener Steel Associa-
ton.
| ALMOST A TRUST.
The Thomas Iron Company, by the
way, Is almost = trust in itself. 1t has
gradually grown to be an enormous
institution. 1t has yobbled up all the
profitable iron mines In Eastern PEN
nsylvania, except those owned by the
Colemans. 1t has frozen out sluAll
owners until It has become = great
mine owner. Under the tariff, OF
course, there is big money In owning
the mines when you are In the bust.
ness Of manufacturing iron.
There il new steel trust now In
process OF formation, which consists
Of the manufacturers Of what il
known as merchant steel-steel bars
to be used In fashioning tools, etc.
rHR STRONGEST or ALL.
About the strongest pool in the
iron trade il that Of which Mayor
Hewitt il one Of the leaders-the
manufacturers Of iron beams.
Mayor Hewitt is the man who
made such = virulent attack on organ.
lied labor at New York banquet.
This alleged reformer, who, a. . lead
er in the formation Of trusts il moth
ing better than common thief was
elected Mayor Of New York by labor
votes. Just think OF It'll
This conjunction absolutely con-
trolls not only the nrn1inctinn hs,t
the price OF iron beams. There are
only about half . dozen mills In the
country which can make such beams.
and the owners have solid combine
which nothing can break as long q
they are protected by the high tariff.
The Western Nail Association is an.
other little combine in iron. 1t in
cludes all the mills in Pittsburg and
the West, aud it fixes prices and
sticks to them pretty closely. There
is . similar organization known as
the Eastern Nail association, which
takes in all the eastern territory. But
it is not as strong NJ its western col
league.
IN LEAD AND COPPER.
The production and price Of lead Is |
regulated and controlled by the Ma
tional Lead Trust, which Is just about
completing it's organization. There
are only ten or twelve mills in the
country which snlelt lead, and they
are all In the West.
In copper there has been practical
~ q trust for many years. The i'm |
port duty on copper Is prohibitory.
AL the lake mining companies have
been 50 completely overshadowed by
the Calulnent and Hecla mines that
they virtually put all their products
into q pool which has been controll-
ed by the officers Of the Calu,nent
and Hecla. About twice year the
managers Of the pool have been in
the habit Of meeting with . colnbi- |
nation Of manufacturers and annOunc-
ing the terms on which they would !
sell to manufacturers. They would |
not sell on any terms to brokers, con-
suners or spectators.
TIKI COTTON DUCK ASSOCIATION.
All the manufacturers OF standard
cotton duck in the United States are
united in q solid pool. They have