The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1891-06-19
TRUSTS EXPOSED.
a LIST OF THE WORST ENEMIES
OF THE PEOPLE.

a LIST OF THE WORST ENEMIES
OF THE PEOPLE.
Two Billions of Capital Now in Combina-
tions Designed to Put Up Prices md
Maintain Fictitious yaiues-y.iiat Have
the Politicians Done to Prevent It?
For some years many American mer.
chants, or rather sneculators, tired OF
the gradual accumulation of gain by or
dinary commerce, have combined, and
by the employment of large capital have
intercepted various commodities in their
transit from the producers to the con
suners. Then, being in position to
control the market. they were able to
charge the public whatever they pleased.
This was called making ring" or a
escorner." Frequently they cleared great
gain. Sometimes they failed to do so.
and encountered more OF less loss; and
sometimes, as in copper, both results en-
sued. The usual price of $195 or 5000
per ton for copper having been forced up
to $50 per ton (entailing great losses to
the consumers Of copper),. the ring or
| syndicate cleared immense gain at the
| outset, but the demand giving way,
| owing to substitutes having been found,
they encountered losses too great to be
borne, and came to grief, to the great
| satisfaction of all except the members of
the syndicate.
From special and temporary enter
prises Of this nature they settled down
about three years ago to more per,ria.
rent work, and sought by buying up the
sources OF supply Of an article of com
merce, the production of which and other
sources of which We're limited, to put
themselves in a position to bleed the
public at theirown will, and this perlna-
nently.
These enterprises they called trusts.
have been endeayoring for some time
TO collect tho names of these trusts, as
they are called, but have only been par
TALLY successful For instance, l have
not obtained the name Of more than one,
think, which was formed before the
middle of 1888; nor is my list up to date;
nor, as the names Of the trusts given
have been compiled by a private individ-
ual from unofficial sources, can it be con
sidered complete, even for the period in
vestigated.
From 1888, however, they have been
very busy indeed. These corporations
now include 10 less than 50 900 900, 600,
OF considerably more than two thirds of
the entire manufacturing capital of the
United States. The following is a list of
the trusts organized in the United States
i'll 1889:
Twino Trust-Composed of thi-ty-two cor
| porations, organizc,! under the laws of New
York a single corporation, THE A ner;can
Cordage Company" Organization completed
about March, l8S).
Sugar -t2corgnnizcd in October, 1889
| as THE Sugar Resneries Company" 1t con-
trolleQ 70 per cent. of the AMorican consump-
ton Of refined sugar in 1923.
Barbed Wire Trust-Organizsd by John NJ
Gates, OF St. Louis. and others. in November
1889, THE Federal Steel CON pany'' embrac-
ing barbcd wire corporations at St. Louis, Bur-
lington, Salem, Cincinnati, Brooklyn and
other places. Capital stated ut Sl2,yN,Ns.
Wire Rod Trust-Embracing nine mills.
Steel cl'Trusts"Bcssemer Steel Association"
ea9rSGih gnaiiss !5 Qf AaaaE bbnms and Slabs fb
"We,tern Stee'. of Chicago:" "Ohio Steel
Continuation organized by English capital.
Forge Companies '.rust--!tcp2rtcd by Amer
lean Manufacturer, November, 1889, e,nbrac-
ing so per cent. of works.
Mineral Water INSTRUMENTATION re-
ported November, 1889, representing capital Of
| 81, j,o0G,CG0. Soda Water Trust, embracing six
teen corporations Reported the 3lst of De-
cc,ubur. 1889.
Tin ssyndicate-Crganized In California In
1889 by English capital.
Tin Plate Trust Organized in 1855.
Bora% Trust-OrganiZed 1859.
Rubber SCOT and Shoe 1'rust-The organiza-
ton of this trust was reported from Boston the
9th OF August, 1882 part of the capital fur
nishcd being that Of an English syndicate.
| The English interest was stated at Ss5Gt1,0 900.
| On the 2d of February last the trust decided
| on an advance of 10 per cent.
Mechanical Rubber Goods Trust
Canned Meat and Dressed Beef Trust of
| New York.
| Coffin Trust.
| Paper Trust-Reported tho 9th Of June. 1883
| as combination between English and Amcri-
| can manufacturers.
Cotton Oil Trust.
| Butchers Supply Trust.
Cracker, Cake and Biscuit Trusts.
| Coke Trust of Pennsylvania
The Shot Trust.
The Lnseed Oil Trust-Thc trust has it's
! headquarters at Chicago, and virtually con-
| trois the market.
| The Label Printing Trust
| Tobacco Trust.
| Cigarette Trust.
+! Nitro Glyccrinc Trust.
! Cartridge Trust.
| Smelling and Refining Trust-Elnbracing the
leading smelling works of the country.
| Oatmeal Trust.
| Pickle Packing Trust.
| Jute Baggins Trust.
! Cut Nail Trust-Embracng all tho CUT nail
/ mills except at Bellevillc, His, and one or
| of