New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-09-20
THE GOULDS IN A NEW LINE.
INTERESTED IN A MATCH FACIOk1'

EDWIN F. GOULD is PRESIDENT OF A COMPANY
WHICH is TO MAKE USE OF A RECENT
INvENTIoN--A MENACE TO THE
DIAMOND TRUST.
No, satisfied with owning large share OF the
-.uroads of the country and holding Vrtuai
,,oronoly OF the telegraph lines, the Gouios are
n,enaring TO enter the field OF manufactures anu
compete with OF the biggest trusts III "'''
country the Diamond Match Trust At least one
~ the family is Edwin f. Gould. and so closely are
81. tor,unes ~ the Gould brothers-George. Howard
"a Edw,n-alljed that II is almost certainty tha'
the Gould trio hold stock in this new company a'
though only the name Of one appears IN me "'"-
cles of incorporation, which were hied III iie'0''
N J. September u. by the secretary ana ue"9u
~ the concern Lieutenant-Colonel Wallace a.
Downs. list Regiment. VINO hVes DIT W.
Twenty-sixth-st, this city ,,X
The new company is called the continental '
Company, and has Offices in Iemp'e Noui' ~
plan, in Bloomiield-ave., Passaic' ~ d. Inc o
OF the company in Trenton says: Ihe Coh''He"'".
Match Company formed for the Manufacture Vi
matches and other wooden articles capital slV.
coo President Edwin F. Could; vice-presideh'' w
F Hutchinson; secretary and treasurer ""i'" a.
Downs" The preliminary work on TINS co'"p'
has been done quietly. and even IN fassao' Ni''
their big plant is ready to begin the manu- ,
of matches the residents Of the town Only h"o"
tho he brick buildings to be devoted 10 '"e
manufacture Of something or other in whch "oou
IL 10 be used. Mr. Hutchinson. the vice-preS'u'n''
4. the inventor Of the match machines which ,ne
Continental Company will use, and which rea"'
led to the formation OF the company
The guardian Of the factory refused TO aio"
renorter 10 enter without order from Ny. "ou-u
or Mr. Hutchinson but later he received 'he o.''
and an invitation TO accompany the Vice-P'e',t
70 see the workings OF the new match hachihe'
Each machine is slightly .arger than a sewing ma
All a..
necessary to make matches is TO feed ron VI
yeneered wood in end of the machine anu 'ia'oi
sp.ints a., cut, fly out Of the other al 'he ia'e Va
10000 a minute. The way those cut match SPINS
few from the cutting machine couu De 'i"e"e'
nothing csc but water bursting from a IRE ny
drant Another machine takes up the splhts ana
dtps them AT the same rate OF speed ana sui
another machine. attached TO the drier' DUNES '''
That is all there is to 1t TO the ordinary eye.
Mr. Hutchinson, the inventor. VINO L a ui'eo' w
.cendant of Robert Fulton, the inventor OF the
steamboat said briefly about his Inventions lheSe
match machines patented in every country Oh
the globe and are fully protected what they VII,
mp IN syan ssv Of sfs sr i1r
! can show you by teing you tha' 6 oo atsches
minute In other machines waste OF % per cent
Of wood is allowed this machine VASES Sy thTee en-
noVes 10 turn but 900 matches day. whereas
the machines require host Of T sFs oa anq men
Match ompany q which Mr. GOad gyms v the iny mn
iority of the stock, nave purchaseu a.. nS -,
in the future" Mr.. Hutchinson. who Is ior,y wars
Cd and New-Yorker, has invented many Va nosb
manufacturing articles, Inc udlng shoe-soe pos,
ing machine which il now used IN every idc,c! 40
the world He speaks mOdesty. put posi,ise!, 90
his achievements. over ha!i d 'housd"i p"'e''
stand his name. " ~, .. r,..oh
Mr. Gould, in interview about MS new m nni
company at his Office. in the Western | mon bulIu
ing said: "Thir company is formed for the purpose
Of selling matches and not for the purpose Of light
ing trusts or companies. We have, consider; IN
usually valuable patents. and before we ornleu ai.e
company gave them thorough practical eXaih'ha
ton We will be ready II put out goods Oh me me
market in few weeks Yes II heSe =. a. Ho ds1
capital of the company may be increased to &ro"yyn
or 100000 / do not care 10 say now nluch OF tne
stock personally own-a controlling interest now
ever. 49,, . x.,,v,ao,
The Diamond Match Trust. which now manuiaCt-
ures as far as is known every match maze III ing
United States and is seeking to Nntr0l me oWsdS"
matches imported into the country, mas Us hcdu-
quarters al Barbcrstown, Ohio, a small place ia!
Ackron Barberstown is named after the pres.'esh
OF the company, Mir. Barber The history OF the
Diamond Match Trust is the history OF an mo
nonolIes starting with the combination OF three
big companies fifteen years ago the Swift X CGuri
ney Match Company. the Beecher COMPANY anu w
Daily Company. OF Philadelphia, one after aiotnei
they absorbed all the minor matchmaking cpnCeIHH'
until in lsS2 they consolidated in one grand Uus-
twenty -four companies Their nrst s'eI aItri ua
formation % the trust; 10 advance the price PER
gross 20 the wholesale dealers 80 per cent dnu tnS.
steady increase in price has been maintained 20 t
present day. They have capital VaIlouhE
Estimated al from sl50c0.00o to s23wo'"l ana men
profits nave figured at as high as 10 per Tsit
pcr anpum on this enormously watered capital ms
new company II IL keeps its promises VIII prov III
Of Its most serious rivals. and for while Al eas te
Oubic viii be benefited by cheaper ana peter
matches being put upon the market.