New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-02-18

! .,, dro,y from Mr. Flint the rejonder: II would
| like TO explain that we are actually mahuiac'",
| ing more goods than we can put on inc maj me- :"
| ord.r 70 keep our men employed. and when said
( Yesterday that were not worKihs VI s''"
| extent than 80 per cent OF our capacity S"o"
bsve stated that owing to the variety OF our Poo-
| nets we never work our factories 10 'he" '"''
| CAPACITY We have to supply goods OF 70 n'i"E
| different thousand varieties that II Is cohpu'S " >
upon us TO hold an excessive P'ouu'' '"P''
| You See II Is necessary to-
Yes. Yes" interrupted Mr.. Lexow' we uhue'-
stand all that: we have heard 1t many times be-
| fore" -
Not in the least put out however, Mr. fhh'
| kept right on and repeated how the dineTeh' va
rieties OF rubber shoes made necessary a oNe'P'u'
of capacity the part of the trust senator
Lexow and his colleagues. with a display OF resis-
nation listened TO the long recital. and at It's ter
mination Senator Lexow asked: ,,oroo.oa tho
| price OF rubber boots from 81 80 TO y" III tue
.I don't Know anything about the price OF boots
| and shoes never sold pair in my NE nave
information on the p oin,,.a oro Won able 20
| sav that in 1893 after the closing OF the Mo1h-
socket and GG9dyear red m iTsr SIS 90 to s. co.?
= cannot: but do not think that IT Was wa, so, so;
II cannot, but | would ike 10 explain that "
any increase was made. the quiul'y oil our P'o'"''
| Now. see here" said Mr. Lexow. I'VE have heard
| that explanation often that | want YOU 10 say
Saw II al now every word Of it, that there will be
| no need of your explaining anything again about
Mr Flint availcd himself Of the opportunity. When
he had finished MI LeXow. In slightly sipercl'ou"
| tone asked Now, have YOU told ~ al about me
benefits anh arising I eTery Gf on 4e
subject now. that hereafter you VIII be ape 10
I'm, Mr.. Fin had not ended. WIKI the umos-
seriousness he replied that he had Mt GXpla hha
| thought he could
T6en please complete your story" pleaded Mr.
lions 10 which require direct answer. ..,-,
Mr. Film; did So For s5mr ten minutes or NOR
ent to his hearer: that ne was merely rtpelinS tne
the faces those present in the chamber eventually
deyeloped into open lagehtrri -, o.,.,r,o,,,. =.
renew his examination. Mr.. leSow asked: rs 1t not
a fact that with your facilities the uust can close
ever factory in Massachusetts, and Ncw-JerS"y II II
Il don't think So" was Mr.. Flin:'s
1ate Of wages in me Interest of labor. explain the
committee. if you will, why hayins "a surplus los ca
works and closed them down. throwing out OF "m-
nloymebh ao" o msV nodo9r MIL abanTadd II and
closed down after most OF the empoyes OF the col
chester works had secured work there. throwing them
again out Of employment"
g! don't think those are facts.
'Will you swear that what have stated Is not
.'in all its details will swear that 1t is not
well as a matter of fact. did you close down
the Colchester works.
And 80 men thrown out of empoymont?"
Did YOU not have the contract yourself of the
COLCHESTER works.
Did you not purchase the Colchester works.
No: the United States Rubber Company pur-
chased the mortgage on the property.
Through you. was II not
Vow let me asl; you again. Were there not ioo
or 500 men, discharged when the Colchester works
There may have been: don't know" laugh
You then proceeded to Naugatuck and absorbed
the Goodyear Company and closed it down. did
Specifically we did not proceed TO Naugatuch a,
once. We bought the Goodyear stock some time
wen. anyway. it was absorbed into the Rubber
Trust%.'
What Don't you hold the majority of its stock
in your treasury"'
And it is now closed down.
II DON'T KNOW AGAIN.
81 don't know ! wan, TO point out that its az
fairs are managed by its officers"
''Do you wish testify that the United States
Rubber Company is not responsible for the man
agcmcnt Of those companies. the majority OF who's
stock it holds?"
NO not wholly"
''Now is it possible as treasurer of the Rubber
Trust that you don't know whether the Goodyear
factory is running now?'
ITO my own knowledge don't know
You really wish to be understood as saying that
the different companies are under their indie
pendent management
They under the different management Of
their own officers. The Rubber Trust holds the
majority Of the stock. but they Independently
managed"
But the directorate Of the Rubber Trust is
made up of one or more directors from each Of
Yes to some extent; am director Of one
company. but have only attended two meetings"
n n9I d 1act 'ha, The rnica Stats Kubhcr CON-
Ion liDf cail
he did not know anything about that matter
that c on the stock Of c h wHSsi sd4
company was purchased in August, 1865
disely after the United States Rubber Company
NO, sir; l think il was a long time after"
od And 'hes works had been running uninterrupt
Replying TO Mr.. Warner the witness said there
United stacs rubber ' c'npsny shSud pnrcha a9
the stock Of the various companies from the bank
had reason to expect that the properties would be
How do YOU know
co mnsy aR5gpated the United States Rubber
Are You willing to swear there was no existing
aiH cement: either verbal or written. that the
srate; RunDc, oGmRany after its transfer to bank
III don't know Of any such agreement. Tho
ha9 fES Ge'T flGcE certain price for
turned IT oyer to tn" stockholders Of the various
Anu the GinKciS received NhDrD commission
stocks
1T was regular business. transaction"
And you want Us to believe that the United
States Rubber Company had previous aEre
mcnt with the bankers to take the stock
II can rcpea: that | Know no such agree
mcnt."
The purchase of the Colchester Rubber Com
pany again gone into. \ statcncnt made by
Mr.. Flint 10 the Ncw-Y ork Stock Exchange as to
the purchase was read ~ Senator IoXow
Il think that statement is correct" said Mr.
Flint.
"Why dii You Offer stock OF the United States
Rubber COMPANY which was good. for the worth
less stock OF tn. Colchester cOmpany on wbiot,
you already held mortgage OF ii9oO0"''
The Colchester stock was not considered woria-
less"
State what element OF value there was ia rho
United States Rubber Company in a factory which
already closed or was to be closed on acquisi.
ton"
The consideration OF the value OF the Droper;v
Is which only expert pass"
Further the witness said he did not know whctn-
er the bankers purchased tie various propcrties a.
the figures recommended by the appraising com.