Workmen's advocate. (New Haven, Conn.) 1883-1891, 1890-04-05
IN THE WORLD OF TRUSTS.
REPUBLICAN ANTITRUST.

under the misapprehension that Sher
man was in earnest, writes that the Sc
nator is not at all happy in his mind.
He thinks he has been very shabbily
treated by his colleagues on both sides
Of the Senate chamber, Had his bill for
the suppression of trusts be en- killed on
political grounds he would not have felt
so badly, but to have 1t nagged to pie
ces by his own party friends on the plea
that it was CLOSELY drawn" "uncon-
stitutionap, and Impossible of execu.
ton, has given the Senator no little
annoyance. 1t is likely that the bill will
not be recognizable if it ever comes out
of the Judiciary Committee.
DEMOCRATIC ANTITRUST.
To cap the climax Senator Morgan on
the Democratic side introduced another
antitrust bill, which is plainly intended
by its author to be first defeated and
subsequently used as political capital for
his party. This bill declares it crime,
punishable by fine and imprisonment,
for any person or corporation to mono
police any article the subject of com.
merce with the intent to limit the sup
ply thereof or to control the selling price
Property conveyed from any State to
another in pursuance of an intention
to unlawfully interfere with commerce,
shall be liable to conhscation during, or
within three months after, transporta-
ton. All contracts and agreements
made in contravention Of the act are
declared to be void. Persons injured by
any such unlawful agreements shall have
the right to recover threefold damages
The act is made inapplicable to cases in
which the transactions concern one
State only, this being left for State
regulation.
FINANCIAL POT POURRl.
The Deutsche Banb of Berlin and the
banking house of Messrs. Stern, of
Frankfort, have organized German
American trust company, with capital
of 20,000,000 marks, of which 100000
are paid in, for the purpose of purchas-
| ing and keeping in trust American Sc
curities against the issue of certificates.
| The trust also proposes to undertake the
introduction of American railway shares
| on the German market and to attend to
their transfer and registration.
COAL.
The Erie Company, by the plundering
Of which Jay Gould obtained his first
millions, is contemplating IA new issue
of bonds. 1t appears that in spite of the
systematic robbery to which this great
artery of commerce has been subjected
| by its successive arrangements, the COM
pany has a very large acreage of un-
mortgaged coal lands. The total mum,
| Der of acres of coal land either belonging
to the Erie or owned by subsidiary com
panies in its control by reason of ad-
vances, ETC., is estimated at $4,000.
PAPER.
Messrs. Betram of Edinburgh, Scott
land, and Wegelin, Marsh, and Young
of London, England, representatives Of
the great English paper-mill syndicate,
are in WATERFOWL, making an invest.
cation of the plant and business of the
Remington Paper Company, which has
extensive paper and pulp mills in that
city. A big deal seems about to be cen
summated. If the report of these ex-
perts is favorable, this and three other
large plants will become the property of
the syndicate within few months. The
concerns involved in the transaction are
the Remington Paper Company of this
city, the Hudsoa River Pulp and Paper
Company of Palmer's Falls, the Glens
Falls Paper Manufacturing Company,
and the Rochester Paper Company. The
syndicate representatives have now vi
slted all but the Rochester mills, and
when that plant has been inspected they
will make a report as to the entire pro
| perty. The united mills will be managed
upon capitalization of about So, 900, 600.
One-third of the stock Is to be held by
the present owners of the plants,
TOBACCO.
BY deed recorded in the Chancery
Court of Richmond, Va, formal
transfer of the Allen & Ginter and Kin
ney Tobacco Companies properties has
been made to the American Tobacco
Company, which is the name of the
alleged cigarette trust.
VARNISH.
The trade organ of the oil and paint
industry is our authority for the state
ment that the report of an English syn
dictate negotiating for the purchase Of
American varnish works has been re
vived by the departure of very large
manufacturer to Europe. whose mission
is supposed to be the closing of a con
tract for the sale of his varnish interests
1t is believed by some members of the
trade that this is the opening wedge fol
the transfer of other plants to foreign
capitalists. As rule, varnsh makers