New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-08-04
UALL-PAPER MAKERS COMBINE
THE XIV FIRM HAS CAPITAL OF s2o'oooV0
AID SAY; 1T rs NOT TRUST.

rur XIV FIRM HAS CAPITAL OF s2oooooVo
AID SAYS 1T is NOT A TRUST
Tho New York wall paper manufacturers, who nave
hen making such effort to form comDnauo"
which will embrace the majority OF the "ahPup.'
,octores Of the United States. especially In the EAST
,oyo st last succeeded In bringing about the con-
uto,,on II Is now one Of the biggest organiza-
un Of IL, kind in the country us
anita, Is S2OO00,0OO. Last Monday and TUESDAY
.e,inys OF some of the men Interested were leld III
IN. offices Of Guggenheimer & Untermeyer the pro
ro,era at No. 46 Wal-st. but an agreement couu
no, no reached which everybody was willing to Slgh'
u bartholomew OF No 1873 West Thirty -thlids''' ana
Graves 4 Warren are among the firms OF TINS Guy
yh,cb have been active In trying to bring abont the
formation OF the combination 1t was clause
which Graves a. Warren succeeded In getting into
t,e agreement that Is said 10 have caused the many
ob,ectlons Yesterday another meeting was held with
better success, and satisfactory agreement ""H
reached Twenty wall paper factories are now under
the control OF one company. None OF the wall paper
men who attended the meeting would talk about the
combination. but Mr.. Untermeyer made the following
statement
A corporation has been organized under the laws
OF the state Of New York. called the National Wall
Paper Company with capital Of $l4,0Oo,ooo IN com
mon stock, and sC,o000oO OF debepurc stock. his
conpauy since It's organization, has been engaged
In the purchase Of wall paper factories. ana mas no"
let, ii the purchase OF ABOUT twenty sh'h '"'
tories | belicv. the now owned BY TINS
co,upnuy represent about 90 per cent Of the wall
miner manufacturing business In the United states
the National Wall Paper Company has p'irciheN t'e
iu.Ines, Of the manufacturers outright The com
many IS ia no sense trust. but responsible corpora
lion subject 10 state supervision and control. IL
,vns the business OF the various concerns Ihe
,ne object OF the consolidation IS to avoid the dnph
ration Of patterns which has cost the manufacturers
in this country million, Of dollars annually for III
stance almost every Of these twenty concerns
purchased by thc National Wall Paper Company mas
line " the same staple patterns. when those patterns
nlsht be all made by the one concern; by thls
economy Of labor the production can be mnde very
much chraper Where there 10000 different de
signs OF will paper pcrhap, one quarter OF that mum
her would answer the same purpose. I'll" new 'oMi
many has very prominent competitors III no way
Identified with H. There are at least dozeh s"cn
ludependent cDncerns which assures continued k'"h
competition on the question Of prices The dehhl'1
policy Of the company is not 70 Increase the price
r could not do so II II wished, because OF outside
c0IuprttiOn.' .., a., ,,,
iii. following will paper men are Interested III .ie
biz deal: Charles y. stout, james \. corey, 'wnh
"a D. Doblcr Edward T.. Barnc~, Graves a warren
ali OF mi, civ and Robert W Mcintosh. Elizabeth
Tho officers Of the concern have not Yet bcci
lcct,d some Ncw-l ork firms have refused to nave
ANYTHING 10 do with the combination.