The times. [volume] (Richmond, Va.) 1890-1903, 1890-01-07
THE TOBACCO TRUST.
AN AUTHORATlVE STATEMENT AT
LAST MADE PUBLIC.

] " US ii' American t|"A"'' N'liil''ttis
chartered 10 fight Northern trust;'
"Was the American Tobacco Company
the local incorporation Of chat trustf"
$40 what extent was the Gutter trust
responsible for the sale Of The Allen a
Ginter Manufacturing Company's BUSH
noss?"
"How is the deal likely to affect Rich
mond's prosperity
These are a few of the many questions
propoundod yesterday about the sale on
Friday of the Allen d Gintor Manuiactur-
ing Company's business. Nearly every
body has some opinion on the subject. bus
it has been difficult % obtain an aulhorlta-
tive statement.
Richmond is vitality Interested in amy
thing likely 90 affect the tobacco trade iJr
/ veal or for Woe
Thousands of persons. men and WON Do.
are dependent directly or indirectly for
their livelihood upon the continuation of the
tobacco trade nimpaired.
II has many ramiicat0ns boo Che city and
state. Any falling o1 in the business VIII
directly weaken allied industries. and con-
seQucntly the general prosperity VIII suffer.
That the questions should Doe answered
promptly and fully was recognized NN
many. For though private bleine, pr-
marty thousand. are Interested iu Dc gene
orally.
FEW REFLECTIONS,
It is pretty certain that tho second qucs-
/ ti0n would Doe denied by an answer t0. Che
/ first The fourth question is already ape
swered. and the third may hnd reply m Che
/ fact that DO was pretty Wcil known llat Sir
Gntor was forced into flie deal. and li looks
as if this is about tle way. The "cuiIei
I trust" could say.' '-oU here. Nr. bIniDf. Ni-
I less YOU come into tne combination }ol
can't use our cutters. so cutters. no use
irving 90 compete against cigarette irms
which use them. Patent rights. &c.. 0r.'
/ What could % man do under such cifcum-
stances;
CANUHs nf So.
But here comes special dispatch 90 THE
/ TIMES from New York stating tlut "ihH
manager OF the New orb house oi Allen N
/ Ginter. 23 rs urr.n street, positively denies
/ that he had amy information about ihe n-
/ leged sale of their cigarette mandatory W
/ Richmond. Va. FOB % syndicate oi Sow lnih
and English capitalists. TIDE manager oI
] William +. kimbaii 6 Co.. fie cigarette
manufacturers of Rochester. was seen ll
their New York house. ll Warren street. lIr
] ~IIfi NN IIifl NHHINN 30 'IN I'.'''H''' '''
buy up the cigarette business Hnl nl mot
believe that Allen a G.u'er- factory hao
been sold. lhcreWHs nD probability, ,Ae -til,
of q trust in the cigarette uu-inD-. hein-
/ formed
ENGLISH CAPITALISTS.
The New York sun of Yesterday said.
NEGOTIATIONS for tle securing oi iAc ciril-
cite business of this country ale -al iu
have been begun hy ihe English -l indicate
that already controls the hr.N.uDs and
Kentucky whisky business. ihe leading
manufacturers such as Allen AZ Nini.l- Ni
| Richmond. W. =. kimllii g. Goo, oi Elcl
ter. W. Duke 81 Sons of Durham. n. '.f l'.
Kinney Tobacco Company aud Goodwin d"
Co.. Of New York. have lIf SOM.
time, 10 Is said, been working ionn
| a consolidation oi interests. arl 1u ra.ur-
day it was announced iiom Richmond THAT
Allen az Ginior Dad sold Out tO % Northern
! syndicate. Sir. lnterueNtr said That iI.
reported sale Was merely ine granting nl
am option. such options 1re being 1litlntu
from ali the great cigarette liu' MiIN iI'
/ view Of making lnmli tender Nl li.'f
/ consolidated business lu tls Lu-il.NIH. l-
II is too early yet i0 say whether iHa He-Y-
tiatiOns W lll result lu sale. 10 I- i.ut il
that Sl.CJ0.UO viii cover il.s deal. i F..
goes through
The Messrs. Samuel and Isaac tutcr-
never have acted as American AGENTS in.
ihe placing Of more ihlu i-,jiH.tm 0i int-
lish capital in lli- country. anl have uHN
deals 900 hand approaching c0n-unniai'o 'on
amounting lO many millions more. iN''
managed the lIst Dig venture ol English
capital in the summer oi iso', which i-
suited I'm the purchase OI tue hieWelif
I'm New York and New jcrsef.n which gave tn
impetus 90 the influx here oi tnsli.n capital.
HERE is AUTHORITY spEtMNG
These views are reflections OF opinions lu
Richmond. based upon % failure Zoo obtain 81
definite authoritative statement. 81 a lui0
hour last night. however. THE TIMES was
enabled TO obtain such statement ana i'
is about as follows.
..The charter of the American Tobacco.
COMPANY was obtained for ile express lui-
pose OF "a further development oi ile ioDac. .'
trade NOT only in Richmond, lui inr oplnine
up hitherto undcYeloped and unMm A.0
fields. for Virginia and Ao.h Carolina io.
DaccO, where not pound oi these iolicco-
had ever before been sold.
.@rhcre was not amy disposition Wllielt ti
to decrease the profits oi iAe farmers. hNi
the result would have been lu place ihem
where they never bad been before. Il.
opposition sprung upon tha assembly
caused "a rejection of fhc plan anl cons
auently resulted in transfer oile nNfilein
combination. But ai tle lnlu.ulc. anH
per.ons connected with tine trade n tch
m0nd may rest assured tAat there VIII it
no diminutiOn in their livelihood ahH
rather that every cl0rl VIII nt m"At i'
deNelOue the local manufacture.
The hope and expectation oi tle promo
ters Of the American Company Wel. iAi'
they might have Increases enormously iN0
iciearette interests of Richmond. lle re
suit is. however chat while il., boy li.
been frustrated. there is n0 reason io De-
lioye that the manufacture OF cigarette,
here win be diminished, hut every cAn
and influence OF the Richmond associate.
i'm the new combination VIII De eAeiied ia
increase it.
VIGOROUS EDITORIAL.
Here is what the DlnYille Register has O.
say about the cigarette trust; "M e. nave
moi seen The charter iu question and dl nu
know the extent of the privileges DO eonier-
SO that we are NOT Iu "a position iu cA it-
any opinion as iO the merits or dement's '
the hnl
..But our suspicious NAV be groundless
and IL may lc that the reported ueAi D. .
bona fde transaction. IL may ne true dl@'
that the company has been rnn away IRON
Virginia by hostile legislation ana Do D.
p0sshle that there was, Do laci, DO i",
reason why the charter asked Tor snoul.
not have been granted
-Takiue this view of the question, M'
would call the attention OF the people o
panyille % the danger of illuel1l le-i-ii'
ti0n towards industrial enterprises. ln tnH
dav Of competition between cities, an.
even between States, All sorts ol induce
ments are held ont 90 capitalists nud capi
tal. which is naturally timld, is not apt O.
force itself ON communities which are dir
posed 10 be illihcral and hostile. The Dan
VILE council has already killed en- % hnii
tiug factory I'm this city. unless ii' llVet
tors Of the proposed enterprise nave m'H
false statements 20 us, and 10 ls to Dee nole'
. that no such mistakes viii DE made durin.
the new YEAR"
Aluding TO the American Comnany' iN.
Ashville Tobacco Journal says: "Ine 1e
tive movements OF late among tle mlhl
facturers of cigarettes Indicate puipos
10 combine and pursue ssme wei denne'
and agreed upon policy, presumably lo
e their own benefit. fact the journal hereto
= fore was inclined 90 doubt, because tle.
| had. so far rs lower prices went, accom-
pliehed nothing. Prices remained l.-i
\ .l, ,nrnrus4,f HnU uu fINTIla| IlIiIl .IIHHf