The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1889-10-30
.HOE Is IHLS TOR HIGH ?
JUTE 3AGGiNG 70 CoLIE DOWN THROUGH
COMPETITIONS.

JUTE 3AGGsEG 70 CoIE DOWN THROUGH
COMPETITIONS.
CiirIS so .T3Er Con s'ifiS Fer NcN
.7urr a: {" :. scul>---:%;;!,. l..2 i.;
on "a Hi:S %Iis.ir": --- s.aso":::m
Eact~ fa: AL ihr People who sgnvt
; ;I,c t:oo,. OK .!ii- e'oum!y 81! Hear:
~. L""jS Hl.Wtiic
Mr.. y. q. IIaI, president OF rhr iiarI Bag
"ing Co. q! iir'"iIyn, y. v. WAS in the cit,
yesterday. NJ. ila:l is wei knuwn her"
having resided in ~. Louis i,r ~ years, ir;tN
ing about Years ago To establish ms man
Featuring interests East. lie established tn,
Srul hrin Mills Tagging Co. Of This city an'
WAS liz president Ioi Il number oI years. MI
( liarl WAS seen by THE REPUBLICS represent
, ;tiiNr Yesterday, alId discussed the ba." ing s!t
urIiuM. and .Iuic iia"gimg Trust. He said
" 10 begin with, must state that your paper
iitS dom" my conIpauy an injustice in its arii
&c headed "tnc III. Company by inc.InliE.
II aiming The companies forming The -\nrrl
can MHnuItrtnrin" TO-. formerly kiown :i'
! thi' .lutc i;Hs"im" Combination. We do moi
hriOm% 10 III" tGuSi. II j. true HAT ilin llnIl
..a.&.ln" plant Was leased 10y the trust at ih'
tame OF the Etii'rS formation, but when lh%i
WAS done WAS i.uur:I.t of The move that w:is
being contemplated 10 secure control aEL i'll
= ,u-ur;'iC Il iiiic ba="inS squeeze. and wOHlu
NOT have leased my mill To them had known
! how tIcy proposed 10 run things. The mil
returns Ia our hands Jam |. l>:Ni. and will then
hr run ";.tsl,r The combination. II has Il sin
20 term e. u piCi1N-that is, rinnin. l. hours
u'nr-'"I ,He',l" yards, and Il iOuhlc term c:l-
ltc;iy >ui''!"m! |" supply "n"-ii;;iI 0i the bag
gln% unr'' ~ covering the cop.
EFFECT or THE COMBINE.
ain your judgment has Tia" jute bag"in!
combine lGlI The effort OF arbitrarily raising
prices above Il legitimate pont:'
"trrtainly il has. They certainly have dc
niaIrlcd unreasonable prices"
'What iS the prospect as to reasonable
prices for iItc basSinS during the coming
year,"
II think that in consequence Of our mill and
other running outside the combination the
tendency Will hr Ia lower prices 10 the norma!
condition OF supply and demand.
"iitr capacity Uf these independent mills j.
aS follows: The Ludlow Co. i;oStnr, ~ Gh,QE
yards; The Hart co. Of Brnoklyn, GRw,UW
yards: the Galveston Co., i,tD0,mJ yards, and
ihr - l,oHIS Bn"@in@ Co. H,.rhiM1l, giving Il to-
Ia! ni :.{,rh,UD yards, or enough To cover one.
half The cotton crop. Of the mills you mcu-
toned as being in the American Manufacture
i:- Co., l.. l.. stevens Ui QEinncOnrg. Conn.
Is out OF existence hi: the tiu>t SlIil controls
tie wilr'iC crop. rhC iutC supp ~ for this sea
son IS in the hani'S oi the trust, that ih,
year they have control nl the situation.
"i'rict,S for next sea -un should range from :
10 -; cents lDr Il rpound bagging, and about :
cents for 2pnUnd hagginS. | am wiling to
make contracts for large deliveries for next
Jun" al those figures | am making many al
icratunS and additions 10 my mills, and will
have largely increased capacity.
MODERATE PROFITS.
~ do believe that the squeeze or corner
ri!i in ISIS will ever be repeated by The trust.
Inc intention of its managers. | think, is IT,
conduct it on the same principle as gains i'm
iHc Standard chi Co, which Is to secure thor.
Ou%h control Of the iGtc ba%.in% supply each
season and with full power 10 regulate The
output OF the manufactured product, main.
tain the monopoly on Il plan Of moderate
profits. 1t is the only safe principle. no mat
ter now powerful Il combine may he. for the
nluSS,:S will not submit To q continuance o.
cNiortiOn, ana any attempt at such would i'll
eyit"b.y result in disaster TO the projectors ui
the scheme.
"in nay opinion il will be Impossible for the
;rust TO maintain Il control Of the CaIcult..
juic supply. | was approached this spring by
Il leading st, Louis merchant, Il warm person
I'll friend of mine, who urged upon me the nee.
"ssiiy OF going into the jute-bagging combine,
stating that could not hope To fight it sue
ceSsluly. as i! practically had cotro! OF the sit.
uation on both sides, meaning that the trust
could at amy lime corner both the jutc supply
and tho hagging market ibis 1 deny, and
anticipate that the result of the coming seal
son will support my position. The Calcntta
jute output is about 3,io0,UG0 bales Of which
about l,iOl,piO bales are used In Calcutta, ana
about - per cent. Of the entire output is jutc
butts. 70 buy up the output each season
would compel the trust TO roll up Il steadily
increasing stock Of jutc, that would require
the wealth oi Il Vanderbilt to carry in the
course of Il few S,a>OnS. They cannot dream
Of pursuing Snch Il policy, and there will al.
ways he enough Of raw material 10 supply
outside mills.
AMERICAN MANUFACTURING COMPANY.
The question OF the formation Of the Amer.
fp1, fItIl la II ntr
David NcvimS OF the hA""in% manufacturing
firm Of NrvinS Il Go. Of Boston, Mass, is ffc>i.
dent of the company: Appleton Sturgis "i
and Anderson Gratz Of the st. Louis firm of
Warren. Jones Il GrliZ general manager. AS
TO GratX being the brains o! the combine.
would say that he is an able, shrcwd and
br:liny man, who has devoted all his thought
and energy 10 the bagaing trade for years,
and il may be, has led largely in developing
Ihc trust, but there are several other gentle
ltrn associated with him who haze also con-
siderable VOICE i'll It's ma"N:":i"nL. IL is q
powerful company, cOn!I r:Sill :.i.u:Est unlim.
iird ability and capital, ILL do .:'r! believe il
Hi bC able tO iuIit!tH!:I "I,'iIr control of the
i~tc haSSiG% manufacture III lhi:, country.
tue OPPOSITION.
~ have trl&,u wii: many prominent New
IOr:l cotton ;i"A r.: ir!:i. tiIr Farmers Al
iilnvc opposition 10 ~" Juir tagging fruit.
lua uu p!l . % hers Wi;h Mr.. Il. II. kDnn."r. ,
n itu;ln;rW" n 60. he WIS rlGtCl vice. j,rrs
iG,rl Of ia" convention Gr American cotton
'Xcl!au.c> held in N"""Orican% >;"pi"nlhvr II.
iI>;, To cou"ivr I'll" c!ilIta',:c adjustment o.
are on cotton. AMI j. Thoroughly familiar
with the whole subject. Mr.. ii"unir'c b..
lirvrS that no i.I.r"i!c ,h!n substitute iur jut..
:.;l'"iu" ~ III h' fiumh. but rrcI.n .nLrS tie fac:
!iI:tt tlr SUuiH"rn i'!HiiclS are determined tU
i,r."Ii up tiI% i;i'" ba"Ging trust, and CX.
,rr>>rS IAr opinion that they arr in The fight
/" stay, il irn>i> lh"m millions of dollars.
y j. ;hc most rnuurka"!c instance of the sur
Eival a.! Il storm OF public indignation
:.roii<. Il by imposition, on record III this or
amy other country. The action of the con-
vrniioa meeting in -. Louis December eth
will b. watched with intense ana wide spread
interest. h,,rc Ia "a arrange my business IL
H. Il" s"r" al That time. Us To The PUSi!ipn "f
;hv Gotten exchanges ANA cotton receiving
~ .;> 81 tn. cu::n;ry, IL !~ but natural tp sup
pu>" that tii"y a:r in sympathy with the
I:.!it,T, ;,ntt drSrptiS Of Protecting his inter
est believe the A!i"n-WcSt Commission
%, Of Memphis :nd its Mobile and ST. lmuiS
hnu-rS have 50 TAR been more OutSpOkrn rs To
their ;.n>iiOn than amy other cotton firm,
nuviu. lut tlrn,r,,,'lv' '.n "ccnr. iH their ln-
H!in; circular Of Gri:.,'r ii ~ huin% opposed
~ ia" i:Est. TH" S.rIt:-ic nOW c"ucrn;ralv"
upriI lh2 focal 0i:il Ui.t'.rS!. i.pEiI cnrrc:-
;;,.i. Oi Dr"cnihnr 1th. lis action Will sound
.."I."n. :im,i nHiiur N.c fItUT" iIs.ic% OF Ouru-
it,On to I!!r !rE>t.
TlaIs2ED.
MARRIED. n,: ,n.r::&:. :.... ,.. ::.,.. VI. l.
Walters. ~. w.. I:N-E.N =. .il., .;EI.LY
WiNE, -! M""i.;...ts ti,'%.
MANHIE!.-u.:"',.r:2,l l>2l, Ey i:"v. +. NJ.
Cann, Mr. M:'9:,: = NNNit:Lrn Mss Ji:N-
MI. ANN. oi M"ii!iiIn Ni@w.