The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-02-18

New York. Feb. 1.-THE legislative
committee investigating trusts and
monopolies in this state resumed its
session this morning.
Charles r. Flint, treasurer of the
United States Rubber company. again
took the stand. Before beginning Mr..
Flint's examination. Mr.. Lexow an
nounced that the affairs of the Ma
tional Wall Paper company would be
taken up tomorrow.
Mr.. Flint was asked if he had any of
the documents concerning the organ
ization of the United States Rubber
company, this afternoon, and he pro-
duced the certificate of organization OF
the company. Mr.. Flint then gave the
capitalization of the various companies
that composed the United States Rub
Der company. The capital of the
various companies absorbed was $780,
900, for which $4,000, 900 stock of the
United States Rubber company was is
sued. Mr.. Flint said he had no per-
sonal knowledge as to whether a proper
price had been paid for the properties
for which the s26,OOO.0OO were issued.
LEXOW ANGRY.
Chairman Lexow became consider
ably angered twice when Mr.. Flint's
answers to his pointed questions were
somewhat evasive, and he demanded
Yes" or No" in sharp tones.
Mr.. Flint admitted that he was inter-
ested in the Lycoming Rubber COM
pany, but he could not tell what he got
for his interest. He admitted that the
United States Rubber company paid
hon MI Scin nf
cent, or $500, 900, for selling the stock of
the various companies.
Was it paid in CASH."
mo, sir; in stock
Twill you produce data in regard to
that transaction after recess ~
Il will endeavor to do So"
Now, Mr. Flint. we don't want TO
be too severe in regard to this matter,
but we think that this question of
capitalization is most important, and
whether your company is a New Jersey
company or a New York company, We
must have the information we seek,
said Senator LeXow.
Il will try to get it for you
Have you any knowledge of these
agreements of the trusts with the
agents?" asked Senator Lexow.
Il want to say
Chairman Lexow got angry at this,
ment in front of the witness.
Have you any knowledge of this
agreement" he shouted.
Not in detail" answered Mr.. Flint,
who looked scared.
That's all; let it go at that" yelled
Lexow, and Mr.. Flint felt easier.
Mr.. Flint said he did not keep him
self posted on the workings of the
manufactures and did not know that
ba 90 hoI for
the purpose of restricting production,
thus throwing many hands out of en-
ployment; sometimes in the dead of
winter.
The witness was entirely lacking
when questioned concerning many de-
tails of the business. Witness was of
the opinion that the only way that the
price of labor could be maintained in
this country was by the Capitalization
of labor By means of yIis centraliza-
ton, the American wage Garner can
compete against cheap labor countries
like Japan and China. Mr.. Flint also
stated that they had manufactured
more goods than was demanded.
rs ii not a fact that you have ad-
vanced the price of rubber shoes from
81 80 to $3.50 and that the price is now
s2.55?"
Il don't know anything about that"
At this juncture a recess was taken.
Mr. Lexow excused Mr.. Flint until 10
a. m. tomorrow.
After recess the committee took up
the soda syndicate, a combination re-
Gently formed.
William ]. Walker was the first wit
ness. He said he was connected with
the firm of Church & Dwight company
of Wall street. who produce bicarbon-
ate of soda, salsodn and saleratus.
Witness said the business of the firm
had been limited principally to the
states of New York and New Jersey,
but that business in the soda trade had
been conducted in every state in the
Union. The company had agreements
with the grocers.
Can a jobber handling your goods
and not having an agreement compete
with a jobber handling your goods and
having an agreement"
Witness replied that he did not be-
lieve he could. lie explained the pur-
pose of the agreement as follows: The
wholesale grocers came to us and told
US they could not do business unless
they were protected as to price. They
said if we did not protect them they
could not do business
THE wholesale trade business is
nuisance to US, and we did not wish to
go into it. This was in 1881
The witness said there was no idea
of driving other goods out of compet-
ton, and denied that his company, by
this agreement, had limited the sale
of bicarbonate of soda to the two
brands furnished by his company. He
admitted that there was some COMPETE
ton in the sale of bicarbonate of soda,
but refused to acknowledge that their
had a monopoly in the sale
of that article in this state.
Charles F. Pope. the junior member
of the firm of j. Monroe Taylor & Co,
testified that the agreement in regard
to the sale of bicarbonate had affected
their business considerably. The wit
ness further said but for the agreement
of soda and other kinds of
soda would sell from 1 to IL cents
pound less than at present.
Adjournment was taken until to-
METEOROLOGICAL RECORD.