The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-03-22
WHITE LEAD TRUST.
A Strong Opposition Being Formed by
Pittsburgh Capital.

A Strong Opposition Being Formed by
Pittsburgh Capital.
PITTsBURdH, Pa, March 2l. The
white lead trust will have more opposi.
tion and plenty OF 1t, ii rumors heard in
Pittsburgh and waited from the east are
to bo given credence, An independent
move has been started in Pittsburgh to
erect large mandatory to compete
with the trust, and one OF the officers OF
the Pittsburgh branch OF the trust has
resigned and is instrumental in estab-
fishing the new concern, which num-
Der Of Pittsburgh capitalists are inter
ested in.
The following story from New York
shows that the new opposition to the
big combine, which has been rumored
time and again is beginning to crys-
talize:
"The Times this morning says: Capt.
tai has just been subscribed in this city
to start q new factory to compete with
the white lead trust. New York and
Chicago capitalists have put in several
hundred thousand dollars. Tho new
works will, IL is said, be built on the
Newark meadows. Some OF the capi-
talists and most OF the employees in i'm
portant places with the new company
arc, or till lately have been with the
trust. This new enterprise will have q
capacity greater than that Of any prop.
erty in the trust. In tho stock market
yesterday Lead trust stock dropped
three full points on the discovery that
there are discussions in the trust. 1t
has developed that one director, Simeon
Beymcr, OF Pittsburgh, has already
identified himself with tho opposition.
George G. Smith, who is reputed to be
one OF the best lead makers in the coun.
try, has also quit tho trust to start q
now plant at Pittsburgh :"
The National Lead Company. or trust
as 1t is called, is composed OF thirty
firms and contains all but half dozen
concerns in the country. 1t was first
organized in 1887 and feorganized year
ago with $4,000, 900 capital when itw9s
chartered under the laws OF New Jersey,
1t practically controls the output Of the
country's white lead. Tho Pittsburgh
branch is known US the National Lead
and Oil Company OF Pennsylvania and
there arc six plants under its charter.
II was authoritatively learned that
Secretary Gerard g. Smith, OF the Pitts
burCh branch, has withdrawn from that
concern and from the trust, and has
interesteda number OF the city's monicd
men in the establishment OF a largo
plant for the manufacture OF white
lead. Tho details OF the new venture
are not entirely complete, but the move
is an independent one and will bo
undertaken on large scale, The plant
will have m output equal to nny in tho
country, and negotiations are under
way for locating at the new town OF
Kensington. The charter for the new
company will be applied for ut once.
Mr.. Smiths reasons for leaving tho
trust are said to be that he saw that
there was plenty of room for competi-
tion and merely goes into the matter as
u business move. Mr.. Beymer, the vice
president OF the Pittsburgh branch, ru-
mored to be connected with the oppo.
sition, is in New York "on business" !"
according to his partners. He is not
connected with the local venture,
though his son. Mr.. II. w. Beymer, will
have the superintendency OF the Ken.
sington factory, and how far tho reports
concerning him from New York are true
remains to be seen.