The Roanoke times. (Roanoke, Va.) 1897-1977, 1897-02-18

ORDER.
New York, Feb. 1.-THE Legislative
committee investigating trusts and
monopoles in this State resumed it's SEES.
sion this morning.
Charles Flint, treasurer of the Rubber
Company, again took the stand. Before
beginning Mr.. Flint's examination Mr.
LeNow announced that the affairs of the
National Wall Paper Company would be
taken up tomorrow.
Mr.. Flint was asked ii he had any of
the documents concerning the organiZa.
ton of the United States Rubber Com.
pany with him and produced the certif-
cate of organization of the company. He
then gave the capiializations of various
companies that composed the United
states Rubber Company. The Elken
h.andee, he said. was organized in 1872.
with capital of $500, 900: the GOODYEAR
Metallic Rubber Company in 1913. cap.
ital of S1,000,000; Meyer Rubber Com.
pany in 1871, capital, 100000; New .Tcr-
scy Rubber Company in 1870, capital,
S20o, 900; New Brunswick Rubber Com.
pany in 1919, capital, $500, 600: American
Rubber Company in 1887, capital, 81 600
COO; Boston Rubber Company in .1SSS.
capital, $500, 900; Wyoming about 1856,
capital, Si0o,C00; Rubber Manufacturing
Company in 1891, capital, $500, 600.
How much stock of the United States
Rubber Company WAS issued for these
companies" asked Senator Lexow.
In round numbers about $26, DOT, GOO, "
replied Mr.. Flint.
Witness said the properties had been
valued for stock issue purposes by IL COM
mittec of appraisers, whose reports had
been accepted. He had no personal
knowledge of the matter and no suspi-
cions thar fictitious values had been
placed on any OF the plants. Witness de-
nied the distinction, assigned to him by
the chairman, of being the leader that
had produced the combination.
Chairman I.eXow found much fault with
Mr.. Flint's manner OF testfying, charg.
ing that he clouded his replies by too
much explanation. Witness replied that
his experience as witness had been
limited, and he found il difficult to ii ,e
direct replies tC involved questions.
The facts We're evolved by Mr. LeXow's
questions that the rubber plants en-
braced in the original combination and
acquired afterwards by purchase were
paid for in stock and that no money was
used. Witness himself, previous to tie
combination, had not i,cen engaged in the
manufacture OF rubber, and had no in
tCi-So III hiit BUSINESS ntNOnu "A small
amount OF stock. He could not without
consulting records say whas he received
for that small amount of stock
Mr.. Flint hiSclnimed knowledge of de.
tails of working. of business of the com
pany. He could not answer Mr.. I.cXows
questions rs to the shut down of the
various establishments ut different times,
nor OF the number of employees dis.
charged.
Witness was of the opinion that the
only way the price of labor could be main
tanned in this country was by the central.
iZation of labor.
ITO day" he said, ''American wage
enrners are enabled to sustain rates of
wages by the existence OF superior organ-
iZationS of manufacturers. thin, the
only WHY in which the wages can II. Kept
IN is by the centralizntioa of m;'rufac~
turc AMI the economy that results from
superior organizations III connection
with labor saving machines
Mr.. Flint also stated that they had
manufactured mere goods than we're de-
manded.
as it not II fact that YOU have add
vanced the price OF rubber shoes from
'Sl.O To S2.Gl, and that the price now is
S2.5l:''
to Il don't know anything about that"
-At liiIS JiIntt1llt IL recess WAS taken,
Mr.. l.eNow eXcusing Mr.. Flint until 10
O'Clock tomorrow morning.
After recess the committee took m the
soda syndicate, Il combination recently
formed.
The testimony of witnesses examined
showed that this trust has IL capital OF
S3,OO0,O0O. Its methods of business and
the reasons for its existence are about the
same ms those Of the sugar and rubber
trusts. The operations of the concerns,
however, have been confined chiefly to the
States OF New York and New Jersey.
49,
have received Il car OF sash, doors. and
blinds. bought when the price was the
lowest ever reached in the--history of the
manufacturers of these goods. You know
what this means. j. u. WILKINSON.
AGAINST TIE SOUTHERN.
Raleigh, y. c., Fbe. 11.-There was
intense interest in the debate and vote in
the house on the bill to annu the lease of
the North Carolina railway to the South.
ern railway. The debate consumed three
hours. The assembage of prominent peo-
pie was notable. The bill passed 60 TO 81.