New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-11-09
THE TRUSTS ARE UNEASY.
FEARFUL OF ADVERSE LEGISLATION.

Till, SENTIMENT IN WALL STREET ABOUT THESE
BIG COMBINATIONS.
,,. rohocco Trust the Sugar Trust and the
oa,bsr Trust were hard hit yesterday by the
,rovaiing sentiment that the far-reachhs '.'
uronh Of the Republican party VIII Sounu III.
death knell Of these conspiraces III resua'"' y.
trade Wall Street. which Is the heart OF t"e vast
commercial financial and manufacturing interests
80 ,bis country felt the effect of this sentiment
A rrominent Wall Street man said:
..Tbo attitude Of the Republican party toward
,bose black-nag combinations has mad an lmme-
d,, enect IN the Street in strengthening conf
do,ca IN a sound financial situation IN the ln'ure'
Trusts have been the most disturbing influence
t., U,au street OF all the elements centring here.
Tho victory OF the Republican party. taxing III
even MARYLAND and Kentucky as IL u'u' may
nrove a power for the highest welfare OF sound
commercial and financial interests. Death TO the
trusts is no sensational sentiment. 1t u o"S'u
or sound sober reason.
That the trusts are already frightened is shown
nv the assertions OF the Leather Trust AFTER II mas
arbitrarily thrown thousands OF wase-earhe's OUT
OF employment, that It has done this because
of overproducton' merely. the answer u inns
anneared Yesterday in the fact that WITHIN iorty-
eiph, hours hide men in THE Swamp" many OF
,.horo have avoided Keck. Mosscr Co. and
other independent leathet interests as possible
sources Of danger, through sheer fear OF the
Leather Trust, and have absolutely refused 70
sell hides outside of the United states Leather
Company have been nockns TO the Independent
tanners for market. The resolute course OF
Keck Mosser & CO. in cutting prices from 80 to
q and then 10 % cents has paralyzed the Trust
and proved to hide men that they need have no
fear of the combination.
The Sugar Trust, which has had so strange and
neculiar an influence with the Governing Commit
tee of the Stock Exchange. felt the force Of pub
.rla Iphu
treasurer OF the Trust. who is usually reticent
rushed into print in Wall Street publication
with the following Trust formula OF "explana-
ton" OF the reasons why the Sugar Trust has
curtailed production at its own sweet Will:
I'VE have been compelled to curtail production
because OF the lessening OF consumption due to the
close of the fruit season. in which more sugar Is
used than in any other period OF the year
II there Is one thing Of which the Trust has
horror It is Congressional legislation As to tne
pretended that he knew all about J. saying -, ~
Is not at all probable that there will be any tariI
Neither party. pending the National election. VIII
ks ely to the " T1Sa ey T1 '' that
resolution will be introduced in congress soon at i
me ia rmmhnatjon II is confidently expected in
Wall Street that Acknowledgement Hancock WIZ
Of the Tobacco Trust in this state. In the Whelan
now before him Snn an h agdn, 81 Of yhe To
bacco Trust. went to his store ana demandea
TO know If he selling the cigarettes OF
an opposition house He said he was - long
Siockweu then called Mr.. Hers attention TO the
famous Section 8 Of the so-called Trust agree
ment" which compels the tobber 10 sell only the
Trust products under penalty OF having his right
10 sell Trust cigarettes taken from him. Mr. Hler
testified that threats and intimdations were parts
Of the Trusts methods. r
George Arents the treasurer OF the Tobacco
Trust testified. unwlllinRly. that Section was
fniiv discussed by the directors OF the Trust before
il was launched upon the trade. They desired ne
said to compel iobbers to handle Trdst goods ex-
clusively. -, -. II
Trust had bought out the business OF = +. Hess
a Co of which he member. The Trust mas
Insisted that it has bought out no tobacco interest
Joseph Park Of Park & Tiford OF this city, test-
fled that ~ was called upon by William IL: But
Ter vcc-prcsldent OF the Trust. who insisted upon
knowing if the firm selling any goods other
than those Of the Trust. Mr.. Park replied that he
had some 5000 cigarettes from another source. MT
Butler then insisted. Mr.. Park testified. that the
firm had violated Section OF the sO-called agree
ment" Mr. Park added: 81 was compelled 10 send
back 25OO0 cigarettes. and did so reluctantly.
But / was told by Mr.. Butler that the agreement
would be enforced
These are samples of n large amount Of evidence
proving the conspiracy in restraint OF trade.
When the hearing before Attorney-General Han
cock was closed. the Trust asked for time in which
to file testimony in rebuttal one who Is thoroughly
informed on the subject said yesterday: Ine
Trust has not put in bit OF such evidence.