Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1897-08-06
THAT BIG TRUST
Which Seymour Scott OF Lyons, N. ",
is Engineering---Meeti of Maltsters
with "A Combined Capital of s25, OOO,-
900.

900.
The combination of maltsters represent
ing plants valued at SIS, zoo, 000 took their
first steps toward forming a great trust
Tuesday at an informal meeting in
the Hotel Manhattan, New York, The
whole plan was talked over by about 20
men and temporary chairman was ap-
pointed This chairman will call meet
ing in the near future, when definite line
of action may be determined upon. The
promoter of this movement is Seymour
Scott of Lyons, \. Y, who represents
the Scott Mailing company of that place.
Mr.. Scott is well known in Brattleboro,
and his wife, who was Mary Atkins of this
town, talked freely with friends here about
the combination while making a visit here
a month ago.
The firms in the combination represent
about so per cent of the malt output of the
United States, which averages 30, 000,0 600
bushels. 1t is said that the recently or
ganized glucose trust is behind this pro-
posed combination of maltsters. Glucose
enters largely into the manufacture of beer,
as a substitute for malt, and the idea, it is
said, is to have both products under one
control.
AS the glucose trust is backed by the
sugar trust, the proposed combination will
be but tentacle of the sugar barons reach
ing out for another industry to control.
1t is a well known fact that the sugar trust
and standard oil have had dealings with
each other, so that the formation of a
malt trust will complete a quartet of big
combinations in all of which certain cap
italists will have an interest.
The glucose trust has already forced the
Tnrin of Srln
and it is believed that similar attempt
will be made with malt Those who at
tended the meeting Tuesday refused to
give much information about their plans.
W. II. Purcell, of Chicago, said nothing
definite had been done and that the forma-
ton of the combination was as yet only a
possibility. He stated positively that no
brewers were represented at the meeting,
and that none of those present had any
idea of having the proposed trust denti-
ned in any way with the brewing industry.
Our idea, Mr.. Purcell said, is to combine
for the purpose of economy in management
and reduction in the price of malt. We
represent so per cent of the malt industry
in the United States and we are simply
trying to reach an agreement that will be
to the benefit of all. No, do not know
how high our capitalization will be if the
combine is perfected 1t is said, however,
that the new trust, if formed will have a
capital way up in the millions. Maltsters
in New York do not look with favor upon
the proposed trust, and have decided to
keep out of it. Neidlinger & Sons, who
have the most valuable plant of all, have
not been frightened by the prospects of
trust to fight against. Neither has Charles
Q. Clausen nor Charles A. Stadler. Mr.
Clausen has said that he will have nothing
to do with the proposed trust, and Mr.
Stadler is said to have the same intention.
These three firms practically control all
the malt made in New York.
Mr.. Neidlinger said he thought the eff
fort to form a beer trust had been given
up. The interests of the brewers in this
country are so vast, representing an in
vestment of something like 100000, 900,
that the plan was dropped, the brewers
believing that the successful forming of so
large combination was practically i'm
possible.