New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-02-26
LEATHER MANJFICTURERS COMBINE.
\ TRUST PLANNED WITH CAPITAL OF :i'ooo.o0(
NINETY TANNER < INTERESTED

y TRUST PLANNED WI IA \ VIII NJ of -'''VNN'"N'
NINETY TANNER < INTERESTED.
Vague 1umorS have been current for several DAYS
tha, the leather Interests forming one Of the
lar-c, industrial combinations in the country. Yes
to-day dispatch came from Boston saying ihai
Thomas +. Proctor. OF that city, the head and
front Of the movement. and that he was the chairman
Of n committee Of ten Boston and Newlork leather
merchants and manufacturers active IN The establish
mont Of the trust. !, wa, reported. also that the
capital + continuation had already reached So.
100000 and that ninety tannores had joined
Tho New York leather men generally believed 10 b"
In tho combination refused give information on
the subject yesterday. and they had been exceed
ncly retcent others not actively interested knew
little tina, was definite II was learned. however.
that such a combination had been planned fer s""eral
months and that negotiations for IL" aHSorpli N and
purchase Of number OF tanncric~ wer" going on Inc
trust was not vet completed IN it, details /, sad.
and probably would not D. for several months tn
delay largely owing the fact that the manager
Of the movement could not agree with the owners OF
some OF thc older factories which had relatively de-
preciacd in vauc. to the terms Of sale In" ri'i
would be one Of the wcathics and strongest In III"
country and would include especially the man
ufactuiers Of hcmock tanned sole leather and 81
unou crop- leather Union crop" leather /,
widely used now and j. prepared in a mixture Of OAK
and hemlock baTks
New.lork cut sole Company. AZ No. b Frnnkior'-t
said yesterday that j" had heard that $50 1000 had
already been subscribed for the combination. and that
the managers expected 10 enlist SlV,ooD.oN "i'"
finally closing negotiations Probably Il few mnnu
facturers would stay OUT. but they cond soon b"
brought IN terms Ia such strong organization he
alliance could easily control tie entire supply Of COW
and steer hides. which would pUl the ou'sid" firms
AT the mercy Of the trust for Lack Of material 10 tan.
Ne also said that solo leather excepting that which
was oak tanned had nearly three pound
In the las, few weeks
Hall d Vaughan. Of No II Ferryst. and II. q.
Lapham & Co.. OF No. % Ferry-,t.. who are generally
understood be prime movers In the undertaking,
declined to commit themselves III any way whatever.
IIeyt brothers. Of No - God-,t, became indig-
nant tho inquiries mndc Of Them.
From Faycrw"aiher a Ladcw. AT 20. - spruce g
1t learned tina, the trust. which WAS originally
supposed embrace all sole leather mrnufac tIrcr,,
would probably not includc The olklanncd product.
J. f. Alderman, OF Alderman, son & Iirlmmel.
at Arch No. ID. brooklyn Fridge said Last May
and June there wns temporary agreement between
sole leather manufacturers, which cl,,cd dcwn large
number of the tannerIes Of union crOp and h"m lcI
leather. The hides which would have been worked
IN during those two months would now b. ready Tor
market. The shortage In sole heather caused In thi,
way Is beginning TO have IT, effect on prices hlt
recently all grades OF those feathers have advanced
from one to three cents pound. There about
forty larre manufacturers OF III" feathers named in
New York. eac. Of whom /, worth over II 900 900.
II the trust l. brought aDOnt there can BE- no ques
ton its strength" Othcr dealers said that tan
had lost through the low price Of sOl, leather
In previous years, and that that the price had
been increased by the temporary alliance Of Last sum
they wished to keep up the present condition Of
the market through the combination on foot