The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-12-02
SAFE MAKERS on 4 NEW BASIS.
what Recent Consultations Mean to the
Trade and the Public.


At a meeting OF tho directors OF the Diebold.
Mosler-Damon Safe Company held in Jersey
City yesterday: Mr.. Edward +. C. Young. Presi.
dent OF the First National Bank. presiding. the
organization of that corporation was COM
pieted. Leading safe manufacturers from nll
parts OF the country were present. as this COM
pany embraces all the safe manufacturers In
tho United States except those who formed
the Herring Hall Marvin Company last
spring. The following officers were elect
ed: President. NJ. Mosler OF the Mos
Ter Safe and Lock Company OF Cincin-
natl: Vicc-Prcsidents. William W. Clark OF
the Diebold Safe and Lock Company. Canton.
o.. and Thomas Barnes OF the Barnes Safe and
Lock Company. Pittsburgh: Treasurer. Geo.
l.. Damon OF the Damon Safe and Iron Works.
Boston and PHILADELPHIA: Secretary. Herman
Urban OF the McNcale & Urban Safe and Lock
Company. Hamilton. o. Mr. James II. Parker.
President OF the United States National Bank
Of; Ne York. was elected director to fil u
vacancy.
Other prelimnaries necessary to acquiring
the property Of the eleven manufacturers
whose businesses are TO DO united in this
company were completed At the close OF the
meeting Treasurer Damon announced that
the first order received by the new company
was TOR n bank vault ut PHILADELPHIA. to cost
$125.oOO. for the Philadelphia Safe Deposit
and Trust Company: also q vault contract for
ton at Philadelphia
In view OF current reports that this company
al constellation with the Herring Hall. Marvin
interest. President I, c. Hall OF the last named
b, G the
hoider IN he se rst and having no Interest IN
the latter. welcome the consolidation OF the
eleven companies which form the )iebold.
will greatly benefit the stockholders Of both.
The four concerns represented in our com
theIDiebold- Mos err Damon Company are the
fifteen successful safe manufacturers OF this
country. and the two corporations possess the
advantages which come from iong-tried skill
great experience. large capital. the ownership
OF all patented and other improvements: and
the posses Possession of great manufacturing plants
them still further. Even as separate concerns.
haSe Seen BY
savings in many ways. and at the same time
MSssr ths Moser
Damon Company said that there is no founda-
sen Ss tns tin
win Company. He added that they are two sep
arate and distinct organizations. and CONSOLE
bining Of the fifteen safe companies 81 this
country into these two corporations.' said MIR.
only to the safe makers. hut to the public.
The safe.makers will receive greater profits
through the manifest economics which will
follow the combining of a number Of
com 2anies into one, The public will re-
eeve Its benefit by the sn by the
which have heretofore been controlled by the
individual companies. and which will lead to
price. or possibly a lower price. / consider it
impossible for any company outside OF these
two companies to make safe that Gun COM
pete either in quality or price with those man.
ufactured BY them.
The safe makers are not interested in the
tariff. never having received any. benefits in
the way OF protection. and do not want any.
There are no safes Of foreign make that can
which is proven by the large number Of safes
that are shipped from this country to Europe.
South America. and different parts Of the
world"