Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1889-07-25

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shrevd and edecti1e combination that
lad ma lie "A te nporsry ''oOrnet" 10 cotton
b4gIiig by means OF Witch it could do
ta.e prices in tina American market.
CONDITIONS FOR CORNERS.
The conditions for such corner were
especially favorable.
The tariff tax Of three cents yard on
baeg,ns piv 8 our mills such complete
| coutrol of the b. m market that manu-
faoture-s in Calcutta or else where do NOT
| loUk for sales mere, and accord tnglJ adj
jist their pro suction to the needs OF H.
dia. The demand is confined to few
months In the year, sud prices are not
Civ out or known until the demand be.
gins.
The bagging ia an article of absolute
nec sasity t. the planter, and one for
which he cannot wait when once the GIN
/ Mug season IL uoon him. 1t WAS, there
| tore, only necessary for those who were
| planning the movement to ascertain, as
| they did, that there could be no imme-
date relief from the Calcutta mills, which
| had other contracts on hand, and not ex-
peoliDg an American demand, could not
! manufacture and ship to our markets in
| TINS to meet q sudden order. These
| things kuown, it was possible, by
| secrecy o; movement, without resorting
\ to ths macninery OF the trust, to bring
| about very successful temper hy con-
| blnatlon of some OF the home producers
to control the years supply of bag
ping, and thus dictate It's price In the
| market.
| SUDDEN AND AMBIGUOUS FoRAIs.
II is not necessary that 1 should de-
aorlbe 10 detail tue piau by which this
WA accomplished. Given the favorable
I con iitions mentioned and an unsuspect.
| ing victim and it requires no great
atuteness tn N tks a CORNER" that will
| while it can last gather even richer har-
! vests than trust. Corners are unfor-
| tuustely not uncommon in our expert
,ncs irrey are sudden and audacious
| forsys, where success depends upon the
| unex pectedness OF the onset and the
sp cd with which the plumber eau be
y .thered and FRIED of. Trusts are per-
| manent armies OF occupation which quar-
ter ;neir soldiers in every household.
have thus passed in review the four
combinations investigated by the CON-
| miJtes of the House OF Representatives.
Thsre 10 another class OF trusts, whose
names at least are becoming familiar to
sead RI of oty papers, such IS tho gas
trust. tho street railway trust and the like
to wrien may devote few paragraphs
in closing this peper.
CHICAGO GAS Trust.
The recent experience of the city OF
Chicago may be cited as TO the mode OF
formiOg g gas trnst. According to the
facts, as far al they can be gathered o
party of O. pitslists from the east bou Sht
| tnn bo the NF larGa ANNA 0f tnonav.
almost all the shares Of the most pros
4 pernus gAs company in that city. They
immsdIayely elected new board OF
tlirsarors. who, Announcing their intHn.
tioa 10 extend aud greatly improve their
work., m1rtgaget tho property to its
fail v4lns. in W nch they were aided by
tue sp endid credit hitherto enjoyed by
cDmpHuv WINS b dance shest9 had sho Wn
marvellous prosperity. The proceeds OF
these mortgage bonds they dsso, not for
the purpose announced TO the public, but
20 pay mack 10 themselves, W q single
d vutfni od the stock, tbs s1rie they IA I'd
esp 'aded in getting control VI tho con.
pany.
rasir next m1ve-uAnt WAS TO nse the
company taty ,ntrollsd as leverage 20
fjFce thu other gSs com pauies OF ihe city
into trust. rna capitaliz stion OF the
trust was made as large as prudent, with
possb. llty of moderate dividends, and,
Ia some way or ctaer, majority of the
trust cert f.Ates TUNED mp In the hands
of the parties who had planned aud
cxsolte1 the schsme, thus securing to
them control of the entire organ atom.
some slight reduc ion in the price OF
gas TO the pablo msda as tine result Of
usnv cheaper materials and me:hods In
] Il. L. IA 1rSl
of tho benefits OF "a single aud harmoni-
Qua % naSemsut," and the gas supply of
O iarg4 city passed uuier the control of
msn who had alr adv received back
nearly all the mon va xpar led in secur-
ing THAR Il at loigemsi there. Tue
sane syndicate seems to be moving from
city u city, wherever there are tempting
oOuiiti rus, usinS negotiation, or, If
necessary, destructive oompe itiou of
acme one company OF which they secure
control, to bring ali the local companies
in'nat.u.t.
The income derived frnm gas tru sts
siso where contrnllei by them is available
30 snbi1Sats tho sucSasslye cities they
eutsr, Ia looking over the proposed
trustees OF a gas ttnss ia western city,
which Just az this tims is the theatre Of
their operations, dad the familiar name
of caiet IN IVer in thu South IN I'm.
provemeut Company scheme. which looks
! ns II tins same cunning hand might be
the alpha and omega of our discussions,
In this way It may come to p4s' that
single syndicate will get control by the
dtv CO of the gas trust OF the iliumina-
too OF many cities. having a common
treasury out Of which to bring to terms
any reo4lcItrant victim II may then
happen that uew and N rrs perfect trust
may be revolysd out of the existing
species.
American Stnsenls Rank Highs