Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-08-11

the millions that have changed hands ana
the fortunes that have been wiped out in
big margins since the great slump As
many as $1,000 shares have been traded In
a single day on the stock exchange. Very
little money has been lost by the Washing
ton public on this trust, although 4 can re-
call tAat last fall a western Congressman
bought 800 shares of the stun in the neigh
borhood OF 80 and placed - per cent mar
gin on IL, which was wiped out Of exist
ence I'm three days. '.-.---
About third on the list stands Edison
General in the matter CT capitalization.
This is the General Electric Company, a
corporation put on foot under the laws OF
New York. 1t was organized for the pur-
pose OF manufacturing all kinds of cleo
trical and other apparatus, with the power
TO acquire and hold and deal I'm stocks and
securities of other companies, manufactur-
ing. dealing in, or leasing, or In any way
dlckering IN electrical apparatus. The COM
pany, at its inception, acquired the plants
or the following companies: The Thomson
Houston, Edison General and the Thomson
Houston International. The combine. as a
matter OF course, absorbed the ma jor por-
ton of the stock of these separate concerns
which were allowed to maintain their in
Gividuakty and name In organization The
authori2ed capital Of the combine is fifty
mlillons- In 1877 there was listed the
New York stock exchange over thirty mil
lions common and about four millions pre-
ferred stock of the combination. At pres
ent internal dfssensions exist between the
Boston and New York end Of the trust with
the Boston group on top. Mr.. Edison is no
longer connected with the combine, In an
oificial capacity. having been FROZEN out by
the rlen from che east "A
Other Zig Trusts.
Coming fourth On the list is the lead
trust This concern, or combination, con-
trolls something like thirty extensive lead
manufacturing plants In New York. Penn
sylvania, Kentucky. Missouri. Illinois and
Ohio. The concern produces white lead and
kindred products. The capital stock of the
combine is forty-fve millions OF this sum,
thirty millions is preferred stock. which
was issued on a per cent cumulative
divide nd basis. Ii was organized IN 1891,
ana is New Jersey corporation, to
speak.
Il cannot recall the Capitalization of the
trust designated as Chicago Gas but TO
my mind At Is as strong. financially. as the
sugar combine IL was Incorporated In H.
nois in 1881, to acquire the gas properties
OF the windy city. and how well the original
purpose OF The incorporators has been kept
rs attested by the fact that the monopoly
now has exclusive control OF the gas light
ing OF that big city. II has under It's wing
about a dozen companies, and in 1872 se-
cured the Chicago Gas Light Company, an
1S45.
Then there is the American Cotton ON
Company, or A. &. o. with It's thirty mill
lions and over OF capital This trust came
trusts in lS9O. and succeeded, by reorgani-
zation, the American Cotton Oh trust This
Is also New Jersey coronation, as most
OF them are, on account Of the liberal trust
laws In that state and is a manufacturing
and mercantile organization. producing and
dealing In the products Of American cotton
seed. The principal products are cotton
SEED OIL cotton seed meal, cotton seed huIls
ana the IKE The concern owns something
like one hundred ana fifty manufacturing
properties. including crude oil mills, rciiner-
ies' lard plants, soap factories, cotton gin
ncries, fertilizing mixture establishments
and cotton compressors.
"A trust that is up among the leaders
as TO the size OF Its capital, but about which
there is really little known, is Consolidated
Gas. or. TO give 1t its right title the Con-
sohdated Gas Company Cf New York. IL
Was organized IN 1884 and is one OF tho
oldest Of the great combines and when il
was organized the leading light concerns Of
New York city were gobbled1 I'D. wish O
capital of thirty-five millions.
Another close combination the ". L.
o. or National Linseed oil Company,
whose capital is in the neighborhood %
twenty millions Ii was organized in 1851
under the laws of Illinois, and controls over
one hundred plants. The present concern
grew out of the National Linseed oil Trust
when the rush came in 1880 to organ
lie big combines, the tobacco feld was hot
TO be left an the lurch and as a result an
other thirty -five-million trust was launched
under the stock exchange title OF a T. c.
or American Tobacco Company. We hear
little Of this combine, but TO my mind IL Is
one of the most successful as Il has ac-
complished what II was organized for-to
corner the market. Tiss trust IS authorizat
under the laws of New Jersey TO do almost
everything pertaining TO the manufacture
OF tobacco, cigars and cigarettes, and has
control Of something like a score of plants
throughout the country. Its success follows,
no doubt.as result OF 'coppering' the Stand
ard Oil Company's method In having regu-
lar distributing places In every part Of the
country.
''Covington. KY. is the Headquarters OF
the National Starch Company. another trust
that came into existence In 1870 for the
purpose of monJpol.eing the manufacture
of starch. glucose, cereals and various COM
pounds and preparations. The trust con-
trolls a score or more OF establishments and
has capital Of ten millions and a half
The Cordnge Company.
"onc OF the greatest failures in the trust
line is the National CordSge Company.
They started out by creating quite a fur.
ry in the stock market by the wide range
IF quotations OF their stock but at pres
ent / don't think N. c. c. is quoted AT
all The collapse of the trust marked one
of the most sensational features of the
Industrial market during the early months
of 1S1. The company was organized in
yond redemption.
The very greatest failure in the trust
line to my mind. was the Richmond and
West Point Terminal crash. This does not
come under the head of an Industrial trust
but ii was trust pure and simple. This
WAS case where a syndicate bit on more
than IL could nasticate and as a result
went to the wall. Pierrepont Morgan, the
great financial seer. is making the endeavor
of his life in trying to untangle the skeins
of this great financial ball
think there are about dozen other
trusts that i haven't jotted down here on
this paper including the Match, the India
Rubber. the Typewriter. the Dressed Beef
and the Whip combines. but have given YOU
the greater ones. The Typewriter combine
was organized in the nick OF time, as sew
eral Of the more important patents viii
run out In 4 year or two. which. under the
new ARRANGEMENT, will affect the purses Of
the incorpOrators, but slightly. As an IN
Vestment trusts are about the best on the
market in prosperous times, but when me
dark days OF financial depression come,
then you want to scoot to cover with your
holdings"