New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-02-20

|
such schemes to amass immense fortunes in a
short time?"
I'm exceptional cases. perhaps but not in the
main"
Senator Lexow then produced copy of the
original agreement by which the various COM
panies agreed to combine into the United States
Rubber Company after rec ding that" he asked,
| do you still maintain that you the
| leading spirit IN the combination"
Eyes. do" said the witness, after he had read
| the document.
But did yon not receive more than any of the
| promoters of the scheme?"
Eyes; did" DDS.
More than twice much, was it not?'
"No: not more than twice much"
But this agreement says you were to receive
| 100000. j. p. Earle 100000. and Hollins e. Co.
100000 and that the balance of the surplus
be divided equally between you"
Yes: that is correct
"How much does that surplus represent"
us the investigation of private affairs necessary
for the purposes Of this commttee?'
do you wish TO be excused from answering on
the ground that 1t is private business"
Yes" The chairman did not press the question.
but said:
do you think 1t just that such sums should be
earned by the promoters of such combination
"A FAIR COMPENSATION"
1T is a fair compensation for the services in
volvcd In such a matter there are needed the ser
just as there are needed the same sort Of men for
| the conclusion of an arbitration treaty.
THE formation of such combinations then. arc
delicate diplomatic matters?" $3.50
need men who can inspire unlimited confidence on
the OF ma f IN na Of
laws
shape of competition and you wish 10 remove II?
That" said Mr.. Flint. illustrates the danger
You do not wish to be understood in that
mo do not What mean is that the assist
ance of neutral parties Is needful to inspire con-
rs this characteristic of every other sort Of
combination with which you are familiar-that IS
to when you formed this co 9n were
noting business?
Il am not in that business
But isn't that the general situation?3
You were. doing something extraordinary then''
But WAS X w va concerned
"in general the intervention OF neu'ra' p'''''
NECESSARY upon the payment of a large sum-
Uon the payment of substantial sum for their
You think is well that the ndnsr ria puT
suits that are close to the people should De ma'e
w" IT do not think it is IN the direction OF monop
DIV think the public is benefited. 49,.
| HRut / read from this agreement a clause tha'
SAYS ti bring about the consoda ton into the par
! emf company of several OF the companies III t i
|
dependent manufacture of rubber goods DG you
dispute that this is in the direction OF monopoly
| ii do" m
You believe it is good policy?'
"ro trafic IN the Industrial pursuits OF the peo.
Nil, FOR The purpose of bringing about increase OF
private gain and also to perfect Z" c0"'0'"'o''
ut has advantages and Disadvantages In tne
main, the advantage OF more economical manu-
DO you mean to say that you and your asso,
cidtes were working in the interest OF tne peopaes
Iaol
a saoc.ooo $"' ' .u,.,.a ,or our commits.
sions: but we also desired 10 ou"u "''e'' anu
Flint, IS said no arae ch hair yoa
have Increased the price of mems MP rnpDer
e per pure gum boots a per mems arctcs q
ton sandals 40 per cent; foothoi's 10 pei '
women's sandals 30 per cent.
THE AFTERNOON HEARING
,r.o oon,r,,t,ee then adjourned until 2:3O o'clock
Al that hour Mr. Flint resumed his testimony ans
produced statistics showing that in 1877 the pric'
of mems high rubber boots was ~ 40 anu 90
Il In 1892 mems short rubber boots were 81 o. "
dav e In 1892 mems arctics were S1s cents 10
49, thev are 81 Alaskas In 1892 were 81 81; TO-DAY
d thsv are are 81 co. Mems foot holds in 1882 were
they are n 20 c sre higher with one ex
cepton?' said the Chairman, D,. The nrces to-da,
are lower than they were in the years just oei''
The eonaol% exoW wanted to know how many mel
as result sa Of Mr. ihe fm
-, ~ can nw pUS made as many goods as we coul
se but owing the depression In 6usness
I 1 %ar. unable 10 run our factories as constantly
we YES That That the best answer you can give?
No vs. TO return to the report Of the commits,
Exnlan why it does not tend towar1 Tsd nn N
EN- hP'ph erce since the company was lolneu on u, ~
ana the report why does not tn
company ten ,he III United States Rubber Compan
ntros only 6 per cent of the output OF the couf
Mr Flnts replies at this point were amusing 81
,he spectators but plainly & yp,,ne was ou
o ssp S obse as Fnay so
left the subject of the simmons Sim 3or orSinalv?
: what did the stock sell lot 0''s'''""'
qssf h iSl Fl Zines bad sns
About n. ~ has suffered from the general depre e,
sion The company S has we ee did not reduce
Thats enough said Senator ien exc resS e buf
i, Mr. Flint looked amiaDle ana Iresh, pu'
u tired. MI; ,hat he could serve the committee
!. more MP FORD ON THE STAND.
n lanes b. Ford, vice-president OF the compah
a EVEN took the stand. His testimony was ho'
e '"' 1'or,ance He said that wages hnd m
Is - rsdrced The factories had not been ruhhil
e ,,uch since the combination because there nt
heen open winters. and the weather saes I'm
rubber bpsnsssh sd not bought the Woonsock
!, per Tompany because It was dangerous co,
!" nuUo hut az a business investment sihce III
p e.,,o,nr had established good name lot Or
W connJpr THE witness was interested IN inc ny
" GOODS t ne of New Brunswick. before IL WI
Consolidated the United sases Tecev
,e pahy .son q, .hc limited States Company Tor siW
"A about W. W. ~ their company which was capita'z
Tor about 100000
- MIR. BURN RECALLED
Henry Burn was then recalled he denied IN
n. nre than two three jobbers hah re''reu i'
49, trade when the National wall Paper .oH'pa
=" ."o s,..n,,nued their discounts. Those had
r. masd 10 do so They had been too apprehensi'
The stock of the company was not listed the pn
lie could not buy 1t until tne smn - The 90,
rs from the date Of the formation OF inc cor GO,