The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1890-12-29
The Formation of the Har-
vester Trust to Benefit
the Stockholders.
Much Business 10 Be Concentrated
and Many Men Thrown Out
of Employment
Big Brazilian immigration Scheme
News in General From All
Quarters.

/. . NhAAt1bs DTAs So "A bf A63tfN
| Springfield, o., special says: The form
alton OF the American harvester trust
will throw thousands OF agents, travel
Ing men and middle men out of employ
ment. The amount which the trust will
save per year by the change from old
competitive methods, when each concern
employed It's own travelling men and
statesmen, Is conservatively estimated at
sl0,0O0,O00 A travelling man with one
OF the big firms sums up the situation as
follows:
There are over twenty concerns In the
United States engaged In the making OF
binders on large scale, the largest OF
these being the Mccormick and Deering
companies OF Chicago, the Warder,
Bushnell a. Glessner company aud the
Whitley Reaper company Of Springfield,
o., and the Walter A. Wood company,
OF Hoosac Falls, N. j.. Each OF
these establishments employs from 2, 500
10 3,O00 men. and turns out annually
over loo, 900 machines. Then comes the
Buckeye Reaper company, Of Akron,
with an annual output OF 10000 TO H.
600 binders. The ID. M. Osborne COM
pany, of Auburn, N. v, and the Plano,
ILL.,, company turn out about the same
number. The strife for business among
these giants has become SO great that Ii
looked as II part or all had To quit bus
iness. The consolidation of these twenty
big concerns win work temporary loss %
thousands OF men. Not only will travel
ing statesmen, general state agents, ad-
justers, collectors, etc, be discharged,
but the closing up OF the smaller faeto-
ries and giving the work 10 the larger
ones will throw many out of work, and
In "a few cases almost ruin the towns
where the factories will be- closed.
"StilI IL Is claimed there will be q
tremendous saving In the dispensing
with oil road men. There are over
z 900 now In the employ of all the con.
Germs; but as most OF them Will have To
look for other places after Jan. /, 1891,
the new binder company will make a
saving for the first year OF millions The |
salary Of the road men Is from $500 To
81, 500 year, with travelling expenses,
livery bills, etc, with an average OF $500 |
for each. A conservative estimate OF |
the average OF travellers salaries and |
their expenses Ii -. 900 per amman for |
the enormous sum of $4,000, 600. Add |
10 this the saving In all the expenses OF /
running each concern separate, such as /
taxes, insurance, book |
keeping and Office help, advertising and /
losses by bad accounts, and IL will add /
few more millions 10 the profits OF the /
new concern.
'sBut the saving does not end here. |
Year after year the different concerns /
furnish thousands OF dollars worth OF /
frequently for binders three or /
four years old, and generally free. Un-
scrupuious retail agents would demand |
more repairs from the manufacturers |
than needed, and In many cases agents /
at the end OF the year would have 800 |
worth of repairs on hand that had cost /
nothing. Now repairs will be free no |
longer, but fair price viii have TO be |
paid.
Zone important question comes up,
aud that Ii, where are oil the binders TO |
be made In the future and at what price
wfll they be soIdg IL Is believed that
the first five big -cnncerns mentioned
above wlil do the work, while the fac
tories at Poughkeepsie, Auburn and
batavia. N. y, Akron, O.. Milwau-
kee and Janesyille, Wis, Plano, Ill,
and others will be- closed To the binder
business. 1t rs riafrncd a price bgfUw
any In tne past will be established, and
that the binder will be sold to RESPONSE
BILE parties the same as merchandise II
sold: short time and prompt pay at ma
turity.n
There Is no doubt that the above fig
ures are great deal exaggerated, but
no one denies that the saving In middle
men will amount to millions of dollars
per annum Gen. Bushnell. one OF the
directors Of the company, was seen last
night. He refused 10 be- interviewed,
saying that the new company would soon
be IN running order. aud that the public
would soon know all that was necessary
10 be known about its affairs. lie said
that the formation Of the company would
prove q direct advantage TO the farmer,
rs IL Is not intended 20 advance the price
OF reaping machinery. What IL saved In
the employment OF middlemen viii be to
the gain of the farmer, although IL is
hard % make them believe so.
Another travelling man who was in-
teryiewed said. II think that the fact
that the most important and basic pat
ents In harvesting machinery win run
out I'm few years, aud the fact that
good many have already run ont had
good deal To do with the formation Of
the trust. Every Important concern
making harvesting machinery In the
United States has Joined the trnst, and
there il enough money behind ID 10 make
lt an absolute monopoly for many years
10 come. No conceFn with ordinary cap
ltaA can by any possibility cope with II.
andsanaller works will bd bought and
stopped 8
e. sugar Plantation EsoaEht.