The Providence news. (Providence [R.I.]) 1891-1906, 1897-03-15
Boston Rubber Co. and
the Trust So Reported.
The New Banigan Company
Stated to Be the Cause.
Col. Colt Of the Trust and Mr.. Bani-
gan are Both Out OF Town.

Boston, March 15.-what appears to be
serious split in the United States Rub
Der Company was disclosed to day when
running down rumor To the effect that
the Boston Rubber Shoe Company was
about to withdraw from its agreement
with the United States Rubber Company.
Treasurer Leland of the firm said: Tho
Boston Rubber Shoe Company will CON
duct its business without conference with
other rubber boot and shoe manufac-
turcrs.
Mr.. Leland said this does not mean
that the position Of the company Il an
tagonistic toward any other company
and will not be SO unless IL becomes nec-
essaIy TO protect our trade We do not
think that such action will be necessary.
The Boston Rubber Shoe Company was
one of the influential factors in the for
nation of the United States Rubber COM
pany. 1t controls an output Of about 30,
0OD pairs day. Iti is thought that the
determination of the Boston company To
adjust price list has had an important
bearing on the future Of the rubber trade
Sentiment among those who are acquaint-
cd with the situation seems To be that the
entire trouble is the srcsult of the action
of the Banigan Rubber Company, which
recently announced its 1897 price list ut a
general advance of : PER cent. over the
lists of the other companies last year
This means large discount to the deal
ers. II Is known that Banigan is antago-
nistic TO the rubber trust, from which he
withdrew somo time ago, and in opposi-
ton 10 which he soon afterward formed
the company which bears his name IN
order TO meet the competition thus precip-
itated, IL has become necessary for the
larger company TO r~vise its price list and
"A dis agreement as to figures between the
United States company and the Boston
rubber shoe Company resulted.
A dispatch from Woonsucket says
the daily production of the trust is from
10, 900 To 100, 600 pairs of boots and shoes
per day when IL is running full. The
news of Deacon Converse" of the Boston
Rubber shoe company falling out is a sur
prise I'm this city. The latter Is supposed
TO he n large holder Of the stock of the
United states CompanyU The Banigan
announcement Ia i'm last weeks Boot
ard Shoe Recorder and it is believed tie
net prices of the Banigan goods will be
lower than the trust price list According
% reports from OlncyNillc the Bonigan mill
Is making but few goods as yet and has
only total producing capacity of about
1000 pairs daily. The course of the stock
market I'm the past few days would indi-
cate that somebody supposed To be Bani-
gan u warning ON the trust The stock
has dropped from five TO ten points In
three days.
Both Colonel Colt and Mr. Banigan
were ont Of town today ami Mr. Walter
~ Balluu was confined 10 his home by
Illness, - that none Of these parties could
b. seen IN this city for "a further cxplana-
tiCn Of tho story. At Mr.. Banigan's
oihce, however. it was stated THAT the
Banigan Rubber Company hid not COM
pictcd the arrangement Of its lSg7 price
llst and ", az stated I'm the dispatch, the
impany expected to enter into compcti-
tion with the trust it would not COM
mcnCc by making an advance Of s per
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