The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1897-02-25
TREASURER OF RUBBER TRUST
LOSES NO OPPORTUNITY TO
ADVERTISE HIS GOODS.
A BLESSING 70 THE WAGE- Garner
He Says the Capitalization of Capital
Keeps Up Wages-The Treasurer of
the Soda Syndicate Put in the
Sweat Box.

islatiyc committee on trusts was con-
tinued today. Mr.. Flint is the treasurer
of the United States Rubber company.
He explained that the capitalization of
the companies consolidated by the. rub
Der trust was as follows:
FL Candee Rubber company, New
Haven. Conn. 100000; the Goodyear
Metallic Rubber Shoe company, S1,WO,-
coo; Meyer Rubber company, New
Brunswick, y. j., 100000; New Jersey
Rubber company, organized in 1870,
5000. 600: New Brunswick Rubber COM
pany, 100000; the American Rubber
company. Cambridge, Mass, S1,OOO,OoO
Boston Rubber company of Boston ana
Chelsea, 100000; Lycomng Rubber
company, 100000; Rubber Manufactur-
ing company, 100000.
Though repeatedly questioned, Mr.
Flint would not make an admission mat
he was the head of the rubber combllla-
ton. Asked if he had brought the books
of the company and other data called
for yesterday, Mr.. Flint said he had tele-
phoned for them to the Office of the com
pany, but had not succeeded. He pro-
1uced the certificate of organization,
which was handed to Senator LeXow;
"Do you mean to be understood, ne
was asked, Tin saying that as treasurer
of the company you have never maze
any effort to discover whether proper
price had been paid for the property
and for which the S26,OOO,OOO was is
suedt"
1.-THE papers were not accessible to
me. The appraising committee were
men of the highest standard of charac-
ter, and had the utmost reliance Oh
their report" :.
In reply to another question the wit
ness said the report referred to was
slowed away in the archives OF the COLI
pany in New Jersey.
Senator LeXow accused the witness Oh
drawing fine hairs" and demanded yes
or no to the question as to Whetner or
not III. b. Hollns n Co., bankers, had
distributed the stock through the regu-
lar channel.
Mr.. Flint went into an elaborate ex-
PLANTATION, but was brought TO matt Dy
the chairman, who SAID: WV,
you are explaining too much. What
companies were you interested in direct
lyY
After more squabbling the witness ad-
mitted that he had been interested III
the Lycoming Rubber company, but
could not recollect to what extent.
Senator LeXOW continued:
us it not fact that the United States
Rubber company paid the bankers com
mission of = IL per cent for selling the
stocks of the various companies
The witness hesitated, and Senator
LcXow, pounding his desk, said.
Cant you answer yes or no."
81 can ascertain" said the witness.
81 think that was the amount" the wit
ness added. slowly.
did not the New Brunswick Rubber
company shut down in the winter OF
1890, throwing its employees all out OF
work, when il was offered contract
that would have kept the factory going
all winter?'
Il don't know"
The witness said the United States
Rubber company was producing better
goods ut a smaller cost. adding that the
wages of its employees had not been re-
duced at any time.
Subsequently the witness denied nav
ing purchased the Colchester plant, but
admitted that it was purchased by Hol-
Inns & Co.. bankers. =.
rs it not fact that as a result OF
competition the Setaucket Rubber COM
pany of Long Island had to close down,
and is still closed"
II do not know anything about it.
Mr.. Flint denied that the banking tlrm
of Hollins- Il Co., were the authorized
agents of the United States Rubber com
pany in the interest of acquiring property
Witness denied emphatically that Far
ris & Co. had place in the directory of
the United States Rubber company. WIT
ness said the company is an independent
concern and is not made up of sub-com-
panies and is not dependent upon them.
The failure of number of rubber con-
Germs was due to the fact that they made
counterfeit goods which failed to bring
the required price.
WAS the United States Rubber com
pany responsible for the insolvency of the
Para Rubber company
NO sir; the United States Rubber COM
pny did not come into existence until the
Para company had lost the sum already
mentioned"
Speaking of trade relations. Mr.. Flint
said the consumer relied for quality and
durability on the trade mark which had
stood the test of guarantee for nifty years.
He continucd The American wage
Garner is able to determine his rate OF
wages by the organization of manufac-
turers. | think the only way by which
wages can be kept up is by the centraliza-
ton of manufacturers and the economy
which results from superior organizations
in the way of labor saving and permits
competition with China and Japan"
Asked how it was that the United States
Rubber company almost doubled the
price of rubber shoes since. 1897: witness
said he was unable to explain and claimed
that the company had turned out the best
shoe in the country today.
In order to give Mr.. Flint an opportu-
nifty to provide the books and data re-
Quired by Senator LeXow, he was excused
until tomorrow.
William l. Walker, treasurer of the