New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-01-29
AMERICAN Tobacco COMPANY'S AFFAIRS.
GOOD SHOWING MADE At THE CORPORATIONS
ANNUAL MEETING.

y
ANNUAL MEETING.
The annual meeting Of the American Tobacco Com
pany was held Wednesday at the company Offices
In Newark " j.. under the laws OF which state the
company IS organized The old officers were elected
with the exception Of some few changes ana adi'Ioh'
The success of the company during the last year
the second Of it, existence. has been most saaoy'
In addition to the cigarette and tobacco hiahuia'uu
ing concerns. which originally formed the company,
the factories Of Marburg Bros. Call Az a "a. ina
National Tobacco Company Of Louisville. ana me
Whitlock 60 Of Richmond all of whom manufacture
either smoking tObaccOS, suuf, pug toOdc'ON' anu
cheroots have sold their business To tho company.
Now that the theory and methods OF the American
Tobacco Company becoming better KNOWN 10 u'''r'
and purchasers that old and unfpunded objection To Il
olc,ccu tru,t as il was sometimes erroneou'iy styled
hv the ignorant ha, died out 1t j, now thoroughly
understood that this is IN industrial corporation.
pure and simple, carrying ON Il vast business III the
most Intelligent. liberal and progressive manner.
nv cutting of unneces AIRY expenses and also
being in a position Ia purchase supplies IN immense
quantities at the lowest prices it Is therefore enlDed
not TO raise pIlce,-whch Is really the first object OF
genuine trust but furthermore. no trust tactics nave
hoen uursued I'm the conduct Of lis business. The
Wall Street market has not been used to boom
the price OF the stock, create an Immense spe'uoh
and then ~ suddenly drop it again, In order that the
in. idcrS may reap immense benefits rms system mas
been pursued 10y wcll-hnOwn trusts, ana II III u'N'e
opposition 10 the conduct and policy Of affairs -
carried ON ia the business Of The American Tobacco
Company.
The tendency Of this age is toward coh'ohuduoh anu
.cntlal.yu ion and the tobacco and cigarette MANI
actufcl, have simply followed the dIiit d pDlc pol
lev TO .~e familiar smile. trust i a despo;isn'
ii&c Russia. willie the American Tobacco company Is
Gigantic industrial corpoia alton with nearly thousand
uehhod"l~. employing thousand, Of Operators Who'
in their turn. support thousands depending on
them. and Is, in reality, a republic HAo "e '""ou
States.
>unie figures were presented at this meeting, WHICH
show the large Interests involved ANA give some slight
idea OF the employment this company rNe' 10 Il krsc
number Of people who are paid high wages. while at
the came lime the stockholders who provide the cap
ita by which the business is carried ON, receive I;lr
and reasonable dividend. IL j. Undoubtedly tbC ln's
"A great MANY people who have become disNi'lshou
with the railroad securities, western i,ner
other forms OF nvestnunt. when are lable 10 cltner
dden market change, or absolute depreciation are io
lowing the lead that Wa set many years a-V III Hno
land. by investing in the 81 1'hs anu Donu, va how
large industrial cOrpO aOns, for two reasons one ne!
nhinin a security virtually equivalent 10 the Dest
T,rsld stocks al slightly higher rate OF inter 81,
and where these companies nav pvcu lon'o h.,a a
halter inV ,tment another reason i In reality tnc
fact that these large Industrial c0ipOHuons "'c J."
many cases virtually operative. That Is, - Si'.
as I'm the Of this company mu,h ol w W ~,
j. held by the employees ANA IT, custom r. "hp ulu9
become corporate partners In the business ana mo.
only eek tO extend the business, Dut ~ inc H'iiSS
lime reap The benefit Of such trade as they DO WIN
The concetn and are thus enlisted - many upau
agents These corpo33Iha are not oniy more
nonuInr iut general throughout the United out'>
n the same way that they are in Europe touHl,
cnmmcrcia undertaking, are conducted by industrial
colI,OrltiOua.