Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-02-18

New York, February 17.-Charles R.
Flints examination before the joint
legislative committee on trusts was con-
tinued to-day. Mr.. Flint is the treas
urer Of the United States Rubber Co.
He explained that the capitalization of
the companies consolidated by the Rub
Der Trust was as follows:
Elkan and Candee Rubber Company,
of New Haven. 100000; the Goodyear
Metallic Rubber Shoe Company, $1,000
600; Meyer Rubber Company, of New
/ Brunswick, n. j., $200000 New Jersey
Rubber Company, organized 1870, $780,
O0J New Brunswick Rubber Company,
100000; the American Rubber Com
pany, Cambridge, Mass, 81 100000; Bos-
ton Rubber Company, of Boston and
I Chelsea, capital 100000; Lycoming
Rubber $4O0 600; Rubber Manufacture
ing Company $9OO,O0O
Though repeatedly questioned Mr..
/ Flint would not make an admission that
he was the head of the rubber combina-
tion.
/ Witness said that when he accepted
| the office of treasurer of the Rubber
Company he found that certificates were
issued in accordance with the law and
that eminent counsel had been con-
suited in every move and transaction.
Asked if he had brought the books of
| the company and other data called for
yesterday, Mr.. Flint said he had tele-
phoned to the Office Of the company
and done everything possible to procure
the desired information, but had not
succeeded. He, however, produced the
certificate of organization, which was
handed to Senator LeXOw.
DO you mean to be understood, he
was asked, "as saying that, as treas
urer of the company, you have never
made any effort to discover whether d
proper price had been paid for the pro
perties and for which the $26,OOO,OOO
was issued?'
"The papers were not accessible TO me.
The appraising committee were men OF
the highest standing and had the utmost
reliance ON their report
In reply to another question, witness said
that the report referred to was slowed
away in the archives Of the company in
New Jersey.
Mr.. Flint said be had no knowledge that
the president of the New brunswick
Rubber Company had received any order
for the manufacture of a certain brand
of rubber but nevertheless had closed
down the concern and discharged the en-
ployes.
do YOU know that at the time you dis
charged those men and closed this factory
the United States Rubber Company pur-
chased the Colchester factory, closed that
down and threw five hundred men out Of
employment"
'I don't know"
Did not the New Brunswick factory
close down i'm the dead of winter in 1S25
throwing all it's employees out of work
when IL was offered a contract to produce
what is known as thrd-rate goods, which
could have kept the factory going all the
wiutcr?'
'I don't know
Mr. Flint said that the United States
Rubber Company is producing better
goods at a smaller cost adding that the
wage scale of its employees had not been
sliced off at any time.
The purchase of the Colchester factory
was gone into and statement made by
Mr.. Flint and Robert d. Evans to the New
York stock exchange as to the purchase,
was read by Senator LeXow.
'I think that statement is correct" said !
Mr. Flint. who contended that the bank |
ers acted simply as venders. the vendees
purchasing on the accommodation Of their !
vommittee
state what element Of value there was
to the United State, Rubber Company in
q factory which was already closed or was I
to Doe closed on acquisition
THE consideration of the value OF the
property is one ON which only AN expert !
can pass" replied Hr. Flint
Mr.. Flint emphatically denied that the |
presidents Of the various companies have /
n place i'm the directory of the United /
States Rubber Company
Witness claimed that the I. s Rubber !
Co IS an independent organization whose |
governing board is not drawn from sub !
companies and has no connection with |
them.
Speaking Of "trado marks" Mr.. Flint
s9fd that the consumer relied for quality |
and durability on the trust mark" which |
has stood the test Of guarantee for fifty |
years
To-day" h. continued. "the American |
wage Garner is able 10 sustain his rate OF |
wages 10y the existence of superior organi- |
zauons of manufacturers. I think the |
only way in which wages can be kept up !
IS 10y the cenualzation of manufacture !
and the economy which results from supe- |
rior organization in connection with labor |
saving machinery
"Ry means Of Capitalization the Ameri- |
can wage Garner can compete with cheap |
labor couutri like China and Japan
Asked how it was that the L. $. Rubber |
ca. almost doubled the price of rubber |
shoes I'm 1899. witness said be was unable to |
explain and claimed that the company he |
represented turned out The best shoe in the !
country to-day
In order TO give Mr.. Flint an opportunity |
to provide the books an data required 10y |
Senator LeXow. he was excused until to- |
morrow morning.
Nm. I. Walker. treasurer Of the soda syn |
dictate. which was incorporated July 1. 1896. |
with a capital stock of 100000 was next |
examined
The witness said that the syndica-e's |
business had been limited principally to the /
States of NV York and New Jersey but !
that business I'm the soda trade had been |
conducted in every State in the Union.
How many stockholders are there in |
YOUR concern2" was asked.
-~ix who are the officers OF the corpor- /
alton.
III the iobber sold the commodity at /
cents n mound instead of -. cents. is it not |
true that YOU would deprive the j1bber OF |
IA