Nevada County picayune., 1890-10-30
THE TRUSTS.
How they Increase and Flourish
 Under Republicanism.

The popular movement against trusts in 1888, though it was de feated in the national campaign by an nnexampled use of money, hat it's effect in severe anti-conspiracy laws in number of States. None ot these laws were worth the paper they were printed on. The trusts affected by them evaded them sometimes by the assistance of the very States which passed them. The method was exceedingly simple. The trust composed of say 100 corporations, finding all concerned in it liable tC Imprisonment for conspiracy by sev- eral of the States, simply organized into corporation under the protec. ton of the State, either of the one legislating against it, or of some oth- CT. AS under the Federal constitu- ton one State must give full credit to the acts of another, Missouri can not arrest as conspirators under its antitrust laws those who have or ganized their conspiracy of 100 cor porations as single corporation un- der the laws of New York.
 From data in hand, preserved from day to day during not quite two years, the Republic is convinced that the capital stock Gncluding water on which the consumer must pay dlvidends) now involved in what under the statutes of many of the States, and under the common law, are conspiracles against trade and the public welfare, is in excess of 2,000, 100000, or over two-thirds of the entire manufacturing capital of 1880. We give below synopsis of this conspiracy movement towards centralized incorporation as it has been recorded in our telegraphic col umns since the inauguration of Har- rison.
 Irvine trust-Conposed of 32 cor porations, organized under the laws of New York as a single corpora tion, "Tke American Cordage Com pany.' Protected under the Me Kinley bill by a tax of Sl0 ton on competing twine; on other forms of cordage up to s a hundred pounds. Organization completed March, 1889.
 Sugar trust-Reorganized in Octo- Der, 1889, as "The Sugar Refineries Company" with capital stock of $50, ,OOO, ,OO0, heavily watered, the estimated value of the property of the corporations in in it being S22, GOO, ,OO0. It controlled 70 per cent. of the American consumption of re- fined sugar in 1888. Protected against competition under the Me- Kinley hill ny tax of SIP a ton on competing refined sugars; and by the same bill relieved from payment of all taxes on it's raw material.
 Barbed Wire Trust-Protected against competing barbed wire for fences. Organized by John M. Gates, of St. Louis, and others, in 1889, as "The Federal Steel Compa- n.y." embracing barbed wire corpor- atons at St. Louis, Burlington, Salem, Cincinnati, Brooklyn and other points. Capital estimated at SIP, 100000.
 Wire Nail trust--Involved with the above. Protected under the Mckin- ley bill by taxes of from s2o to s4o a ton on competing wire nails.
 Tin syndicate organized in Cali fornia in 1889 by English capital.
 Tin plate trust organized by 8 political conspiracy in 1883. Pro- tected in 1890 by tax against com. petition of s44 ton.
 Borax trust-Organized 1888 and 1889. Protected under the McKin- ley bill by taxes against competition of from S60 to Sl00 ton.
 Coffin trust-Protecte against competition under the Mckinley bill by a tax of B cents on each Sl of value in competition collins. At last report on October C, 1889, this con- spiracy embraced GO corporations.
 Paper trust-Reported by cable June 9, 1889, of combination be- tween English and American manu- lecturers.
 Linseed oil trust-Protected un- der the Mckinley bill by a tax of 25 cents on the sl against compe- tition.
 Cracker, cake and biscuit trust Two reported, one Eastern and one Western; both organized as single corporations under laws of Illinois.