Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1890-09-13
The TRUST CROP.

iIsG ~ y SlOFs
New Activity in the Growth of Trusts-Four
New Trusts Al at One aud High Proteot-
i've Duties to Help Them Trusts, Like
Mckinley. DO Not Want Cheap Times.
Trust-mal;ing and tarff-making go on
with equal force. While the high tariff
carnival advances in Washington pro-
tectcd manufacturers are getting to-
gether" to reap the full benefit that the
new tariff law will give them,
The most recent case is that OF the
satinet manufacturers who met in Wor-
cester, Mass, representatives. being
present from nearly all the imp 0rtant
mills in the country. At this meeting
action was taken ''to devise a plan of
consolidation similar to that adopted
by the card c.othinr makers" at is
hoped" the dispatch goes on to say,
"by close combination to reduce the
number of commission houses and lessen
competition"
The second new trust is that OF the
card clothing men, which will be known
under the corporate title of the Amer
lean Card Clothing Company. There
are fifteen firms associated together in
this trust One Of the objects Of the
lfaust is, as stated by one of the men in
lht ito fix up reasonable scale Of
| prices" They are materially aided in
this venture by the higher protective
duties given them by Major Mckinley
who says: 'We want no return to cheap
times in our own country" The trust
and Mckinley are Of one mind on the
subject of keeping up prices.
A third trust is getting ready for
operations Not long ago four of the
six manufacturers Of fax twine in this
country met in New York ito consider
the question Of uniting with the whole
/ sale twine dealers in order to maintain
scale Of prices and to prevent cutting
| that has hitherto injured both parties. )"
| An agreement was reached, which is to
/ 60 into effect as soon as it is signed by the
| two manufacturers who were absent
| One of the manufacturers who was pres
snt said that these two firms would
withoutdoubt agree to the arrangement
in very short time, as the conditions
were so evidently to their advantage" "
The fourth trust is the tableware glass
trust. News comes from Findlay, O.,
that all the tableware glass factories in
the country-th irty-three in number
have completed arrangements with an
English syndicate giving it the control
of the entire glassware business in the
United States. One of the first things
to be done by the synd cate, it is an
nounced, will be to shut down num-
Der of the factories in districts where
fuel is costly. This trust also had the
way smoothed down for it by the good
Major Mckinley. He put largely in.
creased duties on table glassware.
The Senate cut these down in some
cases to the present rate, and in other
cases allowed an increase somewhat less
than Mckinley had given.
This seems a very appropriate time to
pass Senator Plumbs amendment tc
the Tariff bill for the admission at half
duty of all articles controlled by trusts.
Senator Sherman ought to sup ort that
amendment No longer than last Octo
Der he said:
The primary object of protective tariff II
to invite tAe fullest competit on by indivId
uals and corporations in domestic projuc
tlon. If such individuals or corporation
combine to advance the price of the domes
tic product and to prevent the free result q
/ omen aod fair competition, | womn, withou
,."v,.avut's he station, reduce the uuttes oi
foreign goods competing with them IN orde
to break down the combination. Wheneve
free competition is cvaded or avoided b.
combinations of individuals ar corp ratons
the duty should lie re iuced and foreign com
p titlon promptly invited.
One of the standard arguments TO
protection-an argument reiterated t.
+ the point OF disgust by protected manu-
} facturers before the Ways and Mean
Committee at Washlngton-is that pro
|, lection will bring about competition
among domestic manufacturers and il
this way goods will be made cheaper
But here, in four separate cases AM
within week or two apart protectet
manufacturers combine to prevent tn
4 very competition that they pretcnde
1 to desire. 1t only goes to prove the In
a sincerity of these pleas from intcreste
parties. 1t is against human natur
!, that manufacturers should wish to hav
e their goods made cheap, and the comb
n nations to prevent cheapness, thes
: trusts, give the "lie direct to the shaI
philanthropy that these men talk whe
/, they get before Ma ior Mex nley.