The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1894-08-21

sS,uoO,0OO. But Spreckles said he was
making money in the east and would
rather remain. But this proved to he
a, big bluff. At any rate it went
through. Six months later Spreckles
was given possession of the Pacific coast
and something over So, 600 600 to vacate
the east He moved.
| The history of the big sugar refinery
at Locust Point, near Baltimore, is
practically the same. A syndicate band
ed together to squeeze the sugar trust,
and, like the Nickel Plate deal, they
yanked off the pot.
THE WHISKEY TRU ST.
Another trust that is said to have
dabbled in politics and whose financial
strength is almost equal to that of the
sugar combine, is 'D.C.F.,' or the
Distilling and Cattle Feeding Company.
This combine is q Western product,
| having their headquarters in Peoria,
Ill, the greatest whiskey producing re-
gion in the United States The trust
controls the majority of the distilleries
OF the country. The 'whiskey trust the
common name of the trust is corpo-
ration oragnized under the laws of Hill
nois. When the present concern took
form the distilleries including the cat
! tie sheds and the distillers and cattle
feeders trust were transferred to the
present multi-million trust. which was
organized in 1850. The capital stock,
I par value, of the company ia $35, 900, 900.
| The fluctuations of this stock have been
1 of such nature during the past year
| and half as to attact the attention of
! the entire United States. From 70 the
| stock has dropped to 12, and now sells in
the neighborhood of 90. with predictions
that it will go to so before Christmas,
but these predictions are nothing else,
4 hcfo M al Al,
tions. d. C.F-, is very uncertain
stock, as is attested by the millions
that have changed hands and the for
tunes that have been wiped out in big
margins since the great slump. AS
many as 30, 900 shares have been traded
IN single day on the stock exchange.
very little money has been lost by the
washington public on this trust, al
though | can recall that last fall West
/ ern Con gresham bought 500 shares of
the stuff in the neighborhood of 35 and
placed ~ per cent. margin on it. which
was wiped out Of existence in three days.
About third on the list stands 'Edi-
son General in the matter of capitaliza-
tlon. This is the General Electric Com
pany, corporation put on foot under
the laws of New York. 1t was organized
for the purpose of manufacturing all
kinds OF electrical and other apparatus,
with the power to acquire and hold and
!
/ companies, manufacturing, dealing in.
or leasing, or IN any way dickering in
electrical apparatus. The company, at
| its inception, acquired the plants of the
following companies. The Thomson
| Houston. Edison General and the
Thomson-Houston International. The
| com blne, as matter of course, alb
sorbed the major portion Of the stock of
these separate concerns, which were
allowed to maintain their individuality
/ and name in organization. The author
| lied capital of the com bine is fifty
millions. In 1892 there was listed on
the New York stock exchange over thir-
| ty millions common and about four mill
4 lions preferred stock of the combina-
| tlon. At present internal discussions 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 com bine, in an official capacity, hav-
ing been frozen out by the men from
the east.
OTHER BIG TRUSTS.
Coming fourth on the list is the
lead trust. This concern, or combine
tion, controls something like thirty
extensive lead manufacturing plants in
New York, Pennsylvania, Kentucky,
Missouri, Illinois and Ohio. The con-
k1QQr6Q
products. The capital stock of the COM
blne is forty-five millions. OF this sum.
thirty millions is preferred stock, which
was issued on per cent. cumulative
dividend basis. 1t was organized in 1891,
and is New Jersey corporation, SO to
| speak.
I cannot recall the capitalization of
| the trust designated as Chicago Cas-
| but to mJ mind it is as strong fiuanci-
"A 4
corporated in Illinois i'll 1887, to acquire
| the gas properties of the windy CITY
and how well the original purpose OF the
| incorporators has been kept is attested
| by the fact that the monopoly now has
exclusive control Of the gas lighting of
about dozen companies. and in 1892
secured the Chicago Light Company,
an organization incorporated away
| back in 1e45.
Then there is the American Cotton
! Oil Company, or "A. G. o. with its
I thirty miilioEs and over of capital
This trust came into existence with the
general food of trusts in 1890, and sue
| ceeded, by reorganization, the American
Cotton Oil trust. This is also New
| Jersey corporation, as most 'of them
are, on account of the liberal trust laws
in that State. and is manufacturing
and mercantile organization, producing
oAN uofiAhS III oAc pFUuuCbS OI Am6r1-
can cotton seed. The principal produ cts
are cotton seed oil, cotton seed meal.
cotton seed bulls and the like. The
concern owns something like one hun
dred and fifty manufacturing properties,
including crude oil mills, refneries, lard
| plants, soap factories. cotton ginneries,
| fertilizing mixture establishments and
| cotton compressors.
A trust that is up among the leaders
as to the size of it's capital, but about
which there is really little known. is
Consolidated Cas- or. to give it its
right title, the Consolidated Gas Com
pany of New York. 1t was organized in
| 1884, and is one of the Oldest of the
great combines and when it was organ
| lied the leading light concerns of New
York city were gobbled up. with capt.
| tai of thirty five millions.
Another close com bination is the N.
| L.O.,' or National Linsepd Oil Com
pany. whose capital is in the neighbor-
| hood Of twenty millions. 1t was organ
lied in 1887, under the laws of Illinois,
and controls over one hundred plants
The present concern grew out of the Ma
| tlonaI Linseed Oil Trust.
| When the rush came in 1890 to organ