The Cambria freeman. [volume] (Ebensburg, Pa.) 1867-1938, 1889-07-26
4 Manly Combine.

The salt combine has obtained a char
/ ter under the general laws OF New York
/ for the North American Salt Company,
capitalized a. Slj, ,000,0 600, embracing
/ 140, 900 common shares and so, 600 eight
| Ter cent. preferred shares, all of $50 or
/ SO each, and 81, 600 coo in six per cent.
/ bonds. The combine is headed BY
/ Wellington Il. Burt, President of the
/ Michigan Salt Association, and takes
| in all the leading salt producers OF tbis
/ country and Canada, with Lord Thur
! low, President Of the English Salt n
ion, and Joseph VeIdIn, a director IN
the same, as trustees and directors.
! The salt trust is manly and above
/ board. 1t advertises its various stocks
/ and bonds in newspapers which favor
| monopoly trusts and assures investors
| that with the salt cOmbIue they can re-
turn more than 20 per cent" annual
| profits on the capital. The advertised
| prospectus quotes the financial success
of the sugar trust as conclusive evil
! dence that the salt trust must paw I'M
| mensely. It says that sugar properties
| valued at only So, ,2j0. 900 were COM
/ bined at watered capital of four for
/ one or $50, 600, 600. and, the prospectus
/ adds. the earnings of which 1.-THE sugar
| trust) are now sufficient 10 make the
| securities representing this large
amount readily salable at prices much
ABOVE par" The same prospectus com
/ mends the economical and progressive
administration of the Standard Oh,
| Company" and il has the merit of
courage and honesty throughout. It
proposes to combine salt, to advance the
price. to increase taxes 20 consumers
which embrace the whole people of the
country, and boldly says that it is a
good business scheme.
But, manly as is the g.ittering prosr
pectus of the North American Salt
Company, outsiders would do we'll to
take a pause and look over the whole
ground carefully before they invest IN
the stocks or bonds of the new monOpO-
lY combine. People who are Interested
IN the production of salt and get in on
the ground floor may safely go IN. The
leading salt producers will be fully able
TO take care of themselves, even when
the people knock the salt trust higher
than a kise, as they surely will but
who will then protect the outside in
yestoTs The shares of the sugar trust
represent four dollars for every one or
property put into the combine. and the
salt trust has not failed TO profit by
the apparently successful enterprise of
Oning shall come. the sugar leaders will
have their rehueries The salt leaders
will have their factories, and they will
fall on their feet while, share and bond
holders will be utterly unable to take
care of themselves.
With the men who are now oTganiZ-
ing trusts and putting into them pro
perties At double, treble or quadruple
prices, II is "heads | win talis YOU
lose" IN dealing with outside investors,
Shq only those who have q secure berth
on the ground floor should venture into
the enterprise. Ii is a pretty certain
speculation for the ground floor men
who can sell mills ana factories at tre-
treble prices, but il is pretty certain
loss IN the near future to those who
play the role of lambs as investors.
Don't monkey with trusts unless YOU
are selling At big profits to those who
buy Five years hence this country
viii be historic as the graveyard of
monopoly trusts. This universal whack
of combines at the earnings of the peo-
pie has made the people decide to take
their Whack az monopoly robbery. and
they viii do their work wonderfully
we'll I'IilQ Times