New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-12-30
4 MONOPOLY IN ASPHALT.
THE WORLDS MARKETS IN THAT MATERIAL
LIKELY TO BE CONTROLLED by The
REoRGANIzED TRINIDAD AS
PIIAIlr COMP MY.

r,. Trinidad Asphalt Company which controls
m Tho ,o,,c.sious for the Trinidad Lake aspha"
and supplles the crude product TO the various
paving companies has gone mo H'uIu""O' a.
as soon as the necessary arrangements can 'o ~"
fected I, will be rcorgan'zet with an 'nc'e"'.
capi,aI The reorganization az pianheh VIII i"no
tho co-onany tho largest OF IS kind ana give 10 II
, nractic,l monopoly Of the paving business OF the
world The main Offices o, the new company WIZ
D.. I'm London and large amount OF Engllsh cup
ital Will be Inserted in The new concern
Tho company. a. II now exists vas orsa'~e'
under tho Jaws OF New-Jersey. "lih -Amz' H. pa'
her uresitcn; AMI .. r. Thurber. treasurer me
oc,cea ~ tho ro:nrnny are now at No II Broadway
md its capital stock Is 10000 The new COM
many the orglniaatlon OF which was dec'A'd on
AZ tho meeting OF tho directors ana SO io'ie',
In Jersey Clty on Tuesday VIII be inco' p'ia'ed
under an English law governing rich corporauons'
and viii have 4 capital o! 100000. or an increase
OF $1,000. thc sto h IN the ne" company oeihs
largely taken W by INK ISM capitalists
WnIe all the details OF the reorganization have
not yet been Perfected. f. IS expected ihat IN" COM
many which IS - D. called Tho New Trinidad Lake
Asphalt Company. Ltd" Nil be ready Tor business
In n Jew weeks. The company Will do no paving
business At al Il will simply control the crude
aspha'. from Lake Trinidad. .. h. ThuFber. treas
urer Of tho company. made statement a" 10 the
plans U, the res company
The reorganization has taken place because We
.
4 vast field Tor Asphalt abroad. and We Intend TO
supgIy tlc demand Of Tho paving companies The
extra capital 81, get hy IN" reorganization Is 10
poe l.c4 90 eNtseI our slsin"ss. We are not going
ID give up aly OF our busn"ss In this city or any
Other ;art 90, ia country. IT, net do not cNpec:
the oiilc,.s here vii tc materially changed. except
.os..b. 4a 10 fitlr W. shall maintain oihccs mere
arI supply ia" paving companies as usual, but We
fct that as the company VAS becoming general
and Gors business all over the world Ne must
make London tho centre o; our business opera
lions
The Trinidad Asphalt company has been dispol-
iuS o. . D. quantity ~ rs product In England,
Scotland i.D and Tor years. Recently, however,
American ,l.ls companies have been doing bust
ness ~ the United kusIO In competition with the
paving companies there. and n seems that they
have bttu dOing better wOrT for less money than
the EuSshmcn. An American company Is now
layln. All the asphalt In Dundee and Edinburgh.
and American workmcn have been taken 10 those
cities DO the worn Tho profits OF the business
attracted the attention OF several OF the largest
English capitalists. and the negotiations which
ended successfully on Tuesday were thus the re-
sult OF experience II Is expected by the reorgan-
Z,rs that the Trinidad company VIII control the
aephalt trade in Great Britain
The officers Of the company decline 10 tell who
the English capitalists are who will take stock In
the company.